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Best homeowners insurance Chicago

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Illinois offers a variety of rural and urban living options, with beautiful heartland countryside bookended to the north and south by Chicago and Saint Louis. Whether you choose a quaint farmhouse outside of Springfield or a townhouse in the Chicago Metropolitan Area, ensure that your home is protected for the long term. See how reliable, adaptable coverage can make life in the Prairie State that much better with homeowners insurance.

Rising home values and Chicago’s susceptibility to extreme weather, such as heavy snow, strong winds, and flash flooding, can result in higher premiums for homeowners insurance. In Chicago, the average annual cost of home insurance for a $250,000 dwelling is $1,728. Comparatively, the average annual premium for homeowners insurance in Illinois is $1,322 for the same level of coverage.

Despite the fact that home insurance is not required in the city, homeowners coverage provides valuable financial protection in the event of a loss. Bankrate’s mission is to assist new and existing Chicago homeowners in navigating coverage options to find the cheapest and most comprehensive homeowners insurance. Bankrate identified four companies that provide some of the best home insurance in Chicago based on criteria including Quadrant Information Services’ 2021 rates, customer ratings, and carrier offerings.

Best homeowners insurance companies in Chicago

The table below contains the top Chicago homeowners insurance providers. These companies are distinguished by their below-average rates, generous discounts, extensive coverage options, high customer satisfaction ratings, and solid financial stability.

Home insurance company Average annual premium for $250K dwelling J.D. Power score
State Farm $994 829/1,000
Hastings Mutual $1,198 N/A
American Family $1,416 821/1,000
USAA $1,470 889/1,000
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