How to Find the Best Home Insurance in Illinois. A Complete Guide

Home insurance is a vital protection for your most valuable asset, your home.

Protect your home illustration
How to Find the Best Home Insurance in Illinois.

It covers your house and personal property from damage or loss caused by fire, theft, storms, vandalism and other perils.

It also provides liability coverage if someone gets injured on your property or you cause damage to someone else’s property.

But not all home insurance policies are created equal.

Depending on your location, home value, personal belongings and risk factors, you may need more or less coverage than the average homeowner.

You also want to find a home insurance company that offers affordable rates, reliable service, financial stability and customer satisfaction.

Best Home Insurance Companies in Illinois

According to MoneyGeek, the best home insurance companies in Illinois based on affordability, customer satisfaction, claims reputation and financial stability are:

Allstate: Best for Coverage Options

State Farm: Best for Financial Stability

Erie: Best for Claims Reputation

USAA: Best for Military Members and Veterans

I will provide a brief overview of each company, their average annual premium, their coverages and discounts and their pros and cons.

You can also compare quotes from these and other companies using our online tool.

1.Allstate

Allstate is the best home insurance company in Illinois for coverage options, as it offers a wide range of coverages and endorsements that can suit your specific needs.

How to Find the Best Home Insurance in Illinois.
Allstate Insurance Company

Some of the unique coverages that Allstate offers are:

Allstate Coverage

1.Energy efficiency upgrade coverage

This covers the cost of replacing damaged heating or cooling systems with energy-efficient items.

2.Private coverage

This covers your personal property if you rent out your home through platforms like Airbnb or VRBO.
Identity theft restoration coverage

This covers the expenses and legal fees associated with restoring your identity if it is stolen.

3.Water backup coverage

This covers the damage caused by water backing up from sewers, drains or sump pumps.

Allstate also offers several discounts that can lower your premium, such as:

4.Multi-policy discount

This applies if you bundle your home insurance with other policies like auto, life or renters insurance.

5.Welcome and loyalty discount

This applies if you are a new customer or if you stay with Allstate for a certain number of years.

6.Claim-free discount:

This applies if you have no claims on your home insurance for a certain period of time.

7.Homebuyers discount

This applies if you buy a new or newly renovated home.

8.Protective device discount:

This applies if you have devices like smoke detectors, fire extinguishers, burglar alarms or sprinkler systems in your home.

The average annual premium for Allstate home insurance in Illinois is $1,067, which is lower than the state average of $1,485.

Allstate has a customer satisfaction rating of 4 out of 5 stars and a financial stability rating of A+ from A.M. Best.

Some of the pros of Allstate home insurance are:

1.Wide range of coverages and discounts
2.Online tools and resources
3.Local agents and 24/7 customer service

Some of the cons of Allstate home insurance are:

1.Higher deductibles and lower limits than some competitors

2.Mixed reviews on claims handling and service quality

American Family Insurance Company

American Family is the best home insurance company in Illinois for customer satisfaction, as it has the highest rating of 5 out of 5 stars from J.D. Power.

American Family Insurance Company
American Family Insurance Company

It also has a good reputation for claims handling, as it has a low complaint ratio of 0.2 from the National Association of Insurance Commissioners (NAIC).

American Family offers standard coverages like dwelling, personal property, liability, medical payments and loss of use, as well as optional coverages like:

American Family Insurance Company

1.Equipment breakdown coverage

This covers the repair or replacement of appliances, electronics and systems that break down due to mechanical or electrical failure.

2.Matching siding coverage

This covers the cost of replacing the undamaged siding of your home if it does not match the new siding after a covered loss.

3.Credit theft protection and monitoring

This covers the expenses and legal fees associated with protecting and restoring your credit if it is compromised.

4.Sump pump and water backup coverage

This covers the damage caused by water backing up from sewers, drains or sump pumps.

American Family also offers several discounts that can lower your premium, such as:

5.Smart home discount

This applies if you have smart devices like thermostats, cameras, locks or sensors in your home.

6.Generational discount

This applies if you are a child or grandchild of an American Family customer.

7.Renovated home discount

This applies if you have renovated your home within the past 15 years.

8.Loyalty discount

This applies if you stay with American Family for a certain number of years.

Contact:

Allstate: Click Link

American Family Insurance Company: Click Link

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