- Best condo insurance companies in Illinois
- How much does condo insurance cost in Illinois?
- Condo insurance rates in Illinois by company and coverage level
- Condo insurance rates by company in Illinois
- Compare condo insurance rates by city in Illinois
- Methodology
- Compare Illinois condo insurance rates with other states
Best condo insurance companies in Illinois
Based on our analysis, Travelers is the best condo insurance company in Illinois among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Illinois, based on our research.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Travelers | $772 | A++ | 0.54 | |
| Country Financial | $472 | A+ | 0.26 | |
| Auto-Owners | $483 | A++ | 0.33 | |
| American Family | $576 | A | 0.37 | |
| State Farm | $294 | A++ | 0.95 | |
| Nationwide | $388 | A+ | 0.87 | |
| Farmers | $790 | A | 0.54 | |
| Allstate | $591 | A+ | 0.9 |
How much does condo insurance cost in Illinois?
The average cost of condo insurance in Illinois is $614 per year, or $51 per month. This is based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Your actual premium will be higher or lower depending on factors such as your location, selected coverage limits, deductible amount, and other considerations.
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $614 |
| Average monthly premium | $51 |
Condo insurance rates in Illinois by company and coverage level
State Farm provides the lowest condo insurance rates in Illinois for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is Nationwide, with an annual rate of $388. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Allstate | $503 | $523 | $571 | $591 | $626 | $646 | $669 | $689 |
| American Family | $502 | $524 | $553 | $576 | $592 | $617 | $625 | $650 |
| Auto-Owners | $420 | $424 | $480 | $483 | $562 | $565 | $643 | $647 |
| Country Financial | $370 | $380 | $462 | $472 | $542 | $552 | $623 | $633 |
| Farmers | $667 | $723 | $734 | $790 | $806 | $862 | $875 | $931 |
| Nationwide | $346 | $350 | $383 | $388 | $426 | $432 | $431 | $437 |
| State Farm | $252 | $262 | $284 | $294 | $308 | $318 | $330 | $340 |
| Travelers | $640 | $662 | $745 | $772 | $839 | $869 | $961 | $997 |
| USAA | $682 | $682 | $749 | $749 | $808 | $808 | $857 | $857 |
Condo insurance rates by company in Illinois
The most affordable company is State Farm, with Nationwide and Country Financial ranking as the second and third cheapest. Since condo insurance rates in Illinois vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Illinois.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| State Farm | $294 | $25 |
| Nationwide | $388 | $32 |
| Country Financial | $472 | $39 |
| Auto-Owners | $483 | $40 |
| American Family | $576 | $48 |
| Allstate | $591 | $49 |
| Travelers | $772 | $64 |
| Farmers | $790 | $66 |
| USAA | $749 | $62 |
Compare condo insurance rates by city in Illinois
Condo insurance rates in Illinois vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Illinois condo insurance rates with other states
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