Best and cheapest renters insurance in Illinois

Best renters insurance companies in Illinois

When choosing the best renters insurance company in Illinois, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Illinois. Below is our list of best renters insurance companies in Illinois based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
Nationwide	4
State Farm	4
Allstate	3.5
American Family	3.5
Farmers	3.5
USAA	3.5
Travelers	2.5

Compare the best renters insurance companies in Illinois

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Illinois residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, Nationwide is the best renters insurance company in Illinois. It earned 852 out of 1000 from J.D. Power and has an average renters insurance rate of $159.

The table below offers a detailed comparison of renters insurance companies in Illinois.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
Nationwide	852	$159	A+
State Farm	844	$181	A++
USAA	894	$159	A++
American Family	856	$258	A
Allstate	835	$197	A+
Farmers	842	$206	A
Travelers	835	$455	A++

How much is renters insurance in Illinois

Illinois residents pay an average of $211 a year for renters insurance, and the average monthly cost is $18. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“The number one thing that’s most important is to get good liability. A renter’s policy will default to $100,000 liability,” Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. “It costs next to nothing to go from $100,000 to $500,000. I want to say it’s probably 10 bucks a year. It’s really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that’s, at its core, what insurance is all about: the worst-case scenario.”

Average Annual Premium	Average Monthly Premium
$211	$18

Most expensive ZIP codes in Illinois for renters insurance

Several factors affect your renters insurance coverage cost in Illinois, including your location and the coverage you buy. The most expensive ZIP code in Illinois for renters insurance is 60699, where the average annual rate is $282 which is $71 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Illinois for renters insurance.

ZIP code	Average Annual Rate
60699	$282
60621	$274
60636	$272
60649	$270
60701	$269
60609	$268
60499	$267
60617	$266
60619	$265
60643	$264

Least expensive ZIP codes in Illinois for renters insurance

Renters insurance rates in Illinois are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Illinois is 61258, and its average annual rate is $189.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
61258	$189
62313	$190
60136	$192
60118	$193
62070	$194
60188	$195
60030	$196
60096	$197
60189	$198
60021	$199

Compare renters insurance rates by city in Illinois

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Illinois.

City	Annual insurance premium
Aurora	$198
Champaign	$201
Chicago	$250
Elgin	$195
Joliet	$202
Naperville	$197
Peoria	$206
Rockford	$204
Springfield	$212

Cheap renters insurance in Illinois by company

There are a lot of companies offering renters insurance in Illinois. Among the carriers surveyed by Insurance.com, USAA is the cheapest renters insurance company in Illinois; its average annual premium is $159.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Illinois and their average annual premiums.

Company Name	Average Annual Premium
USAA	$159
Nationwide	$159
Auto-Owners	$166
State Farm	$181
Allstate	$197
Farmers	$206
American Family	$258
Country Financial	$272
Travelers	$455

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. Content was updated in 2023.