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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.

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:

  • USAA
  • State Farm
  • American Family
  • Nationwide
  • Allstate

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 work 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 893 scores out of 1000 from J.D Power and provides the lowest average rate for renters insurance ($244). However, USAA is only available for people serving in the military, veterans, and their family members.

Find below the average cost and rating of other renters insurance companies in Illinois.

CompanyJ.D. Power scoreAverage annual rate
USAA893$244
State Farm866$247
American Family838$309
Nationwide834$244
Allstate833$283
Farmers831$278
Liberty Mutual823$1,104
Travelers815$355

How much is renters insurance in Illinois

Illinois residents pay an average of $313 a year for a standard renters insurance policy, and the average monthly cost is $26. 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; how much property you want to insure, extra coverage options you add, and the deductible amount you choose.

Average annual premiumAverage monthly premium
$313$26

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 60621, its average annual rate is $479---$166 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 codeAverage annual rate
60621$479
60628$477
60624$472
60649$467
60644$466
60620$465
60619$460
60612$457
60622$456
60637$454

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 60185, and its average annual rate is $285.

Find below the list of least expensive zip codes for renters insurance along with their average annual rates.

ZIP codeAverage annual rate
60185$285
60143$286
60157$287
60108$288
60148$289
60133$290
60126$291
60101$292
60187$293
61259$294

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, Allstate is the cheapest renters insurance company in Illinois, its average annual premium is $197.

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 nameAverage annual premium
Allstate$197
USAA$206
Nationwide$219
State Farm$239
Farmers$267
American Family$270
Country Mutual$271
Safeco$295
Travelers$312
Liberty$998