Renters insurance is an affordable way to protect your rented home or apartment from theft and damage. People often find themselves in a dilemma when it comes to choosing the best renters insurance.
To help you find the most affordable renters insurance company, we have prepared this guide for you. We have gathered quotes from major renters insurance providers across Illinois and compared the carriers based on several rating factors. Keep on reading this resource to get all the details you will need to choose the best renters insurance in Illinois.
Key takeaways
- Illinois residents pay an average of $211 annually for standard renters insurance policy.
- USAA is the best renters insurance company based on the Insurance.com research, with a J.D.Power score of 886 out of 1,000.
- 60699 is the most expensive ZIP code in Illinois with an average annual rate of $282 per year.
- In Illinois, USAA offers the cheapest renters insurance at $159 annually.
- Best renters insurance companies in Illinois
- Compare best renters insurance companies in Illinois
- How much is renters insurance in Illinois
- 10 Most expensive zip codes in Illinois for renters insurance
- 10 Least expensive zip codes in Illinois for renters insurance
- Cheap renters insurance in Illinois by carrier
- Methodology
Best renters insurance companies in Illinois
When it comes to choosing the best renters insurance company in Illinois, you want to make sure that you are comparing apples to apples. Our experts at Insurance.com have compared quotes, coverage options and J.D Power score from all the major insurers in Illinois. Below is the list of best renters insurance companies in Illinois:
| Company | Average rating(out of 5) |
|---|---|
| USAA | 5 |
| Nationwide | 4.5 |
| State Farm | 4 |
| Allstate | 4 |
| Farmers Insurance | 3.5 |
| Travelers | 2.5 |
Compare best renters insurance companies in Illinois
Comparing quotes from multiple insurance carriers is one of the ways to make sure 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. Make sure you buy the insurance policy from a company that offers affordable renters insurance and provides consistent customer service.
To make your task easy we have compared the carriers for Illinois residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, USAA is one of the best renters insurance companies in Illinois. It has earned 886 scores out of 1000 from J.D Power and provides average rate for renters insurance $159.
Find below the average cost and rating of other renters insurance companies in Illinois.
| Company | J.D. Power Score | Average Annual Premium | AM Best Ratings |
|---|---|---|---|
| Allstate | 837 | $197 | A+ |
| Farmers Insurance | 831 | $206 | A |
| Nationwide | 859 | $159 | A+ |
| State Farm | 836 | $181 | A++ |
| Travelers | 801 | $455 | A++ |
| USAA | 886 | $159 | A++ |
How much is renters insurance in Illinois
Illinois residents pay an average of $211 a year for a standard renters insurance policy, and the average monthly cost is $18. That’s the state average cost for a policy with recommended coverage levels of personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.
It's important to know that the price of your renters insurance policy will likely not be the same as a neighbor who lives near you. This is because it depends on factors specific for each person; the property you want to insure, extra coverage options you add, and the deductible amount you choose.
| Average Annual Premium | Average Monthly Premium |
|---|---|
| $211 | $18 |
10 Most expensive zip codes in Illinois for renters insurance
A number of factors affect your renters insurance coverage costs in Illinois including your location and the coverage you buy. The most expensive zip code in Illinois for renters insurance is 60699, its average annual rate is $282--- $71 more than the state average insurance premium.
The following table lists the 10 most expensive zip codes in Illinois for renters insurance. The list is prepared by analyzing quotes from major insurance companies across all the zip codes.
| ZIP code | Average Annual Rate |
|---|---|
| 60699 | $282 |
| 60621 | $274 |
| 60636 | $272 |
| 60649 | $270 |
| 60701 | $269 |
| 60609 | $268 |
| 60499 | $267 |
| 60628 | $267 |
| 60617 | $266 |
| 60652 | $266 |
10 Least expensive zip codes in Illinois for renters insurance
Renters insurance rates in Illinois vary based on coverage amount, the renter’s credit history, and where they live. 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.
Find below the list of least expensive zip codes for renters insurance along with their average annual rates.
| ZIP code | Average Annual Rate |
|---|---|
| 61258 | $189 |
| 62313 | $190 |
| 62374 | $190 |
| 61425 | $190 |
| 61435 | $190 |
| 61419 | $190 |
| 60136 | $192 |
| 60174 | $192 |
| 61479 | $192 |
| 60118 | $193 |
Cheap renters insurance in Illinois by carrier
When it comes to shopping for a renters insurance policy, there are a number of options available, and it will be easy for you to find renters insurance quotes. Among the carriers surveyed by Insurance.com, USAA is the cheapest renters insurance company in Illinois, its average annual premium is $159.
When you're shopping for renters insurance, know that prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal in order to get coverage at an affordable price.
Below is a list of the best cheap renters insurance companies in Illinois and their average annual premiums.
| Company Name | Average Annual Premium |
|---|---|
| Nationwide | $159 |
| USAA | $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 $1000 deductible and $100,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $40,000, liability coverage of $100,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.
