- Best condo insurance companies in Illinois
- Average 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
- FAQ
- Compare Illinois condo insurance rates with other states
Best condo insurance companies in Illinois
Based on our analysis, State Farm 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 annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| State Farm | $358 | A+ | 1.15 | |
| Country Financial | $577 | A+ | 0.23 | |
| Auto-Owners | $832 | A+ | 0.39 | |
| Allstate | $868 | A+ | 1.26 | |
| Farmers | $964 | A | 0.89 | |
| American Family | $963 | A | 1.07 | |
| USAA | $687 | A++ | 0.46 |
Average condo insurance cost in Illinois
The average cost of condo insurance in Illinois is $888 per year, or $74 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 annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $888 |
| Average monthly premium | $74 |
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 Country Financial, with an annual rate of $577. 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 |
|---|---|---|---|---|---|---|---|---|
| State Farm | $298 | $304 | $356 | $362 | $403 | $409 | $447 | $453 |
| Country Financial | $456 | $462 | $571 | $577 | $673 | $679 | $773 | $779 |
| Auto-Owners | $663 | $683 | $813 | $832 | $1,016 | $1,036 | $1,219 | $1,239 |
| Allstate | $733 | $752 | $849 | $868 | $946 | $965 | $1,025 | $1,044 |
| American Family | $839 | $865 | $935 | $963 | $1,009 | $1,040 | $1,071 | $1,102 |
| Farmers | $821 | $883 | $902 | $964 | $989 | $1,051 | $1,075 | $1,136 |
| Travelers | $2,058 | $2,112 | $2,385 | $2,448 | $2,662 | $2,734 | $3,022 | $3,109 |
| USAA | $626 | $626 | $687 | $687 | $743 | $743 | $790 | $790 |
Condo insurance rates by company in Illinois
The most affordable company is State Farm, with Country Financial and Auto-Owners 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 premium | Average monthly premium |
|---|---|---|
| State Farm | $362 | $30 |
| Country Financial | $577 | $48 |
| Auto-Owners | $832 | $69 |
| Allstate | $868 | $72 |
| American Family | $963 | $80 |
| Farmers | $964 | $80 |
| Travelers | $2,448 | $204 |
| USAA | $687 | $57 |
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.
FAQ
Is condo insurance required in Illinois?
No, condo insurance is not require by law in Illinois, but your mortgage company will require it.
What does condo insurance typically cover in Illinois?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Illinois?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
