Besthome insuranceIllinois2022The Best Homeowners Insurance Companies in Illinois (2022)
While looking for the best home insurance in Illinois, choose the insurer that offers good customer service and claims experience, along with financial stability and affordable policies. MoneyGeek’s research shows that Allstate is the best company in the state. However, the best for you might be different depending on your needs.
Last Updated: 6/22/2022
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Mark Fitzpatrick
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MoneyGeek found that Allstate is the best overall home insurance company in Illinois. Meanwhile, State Farm is the best option for people looking for financial stability and Country Financial is the best in terms of customer satisfaction.
MoneyGeek broke down the best home insurance companies in Illinois for different types of homeowners and reviewed the available discounts and coverages to help you find the best option that fits your needs.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Illinois.
Besthome insuranceIllinois2022The Best Homeowners Insurance in Illinois
Best overall - Allstate
Best for service quality - Country Financial
Best on a budget - Allstate
Best for expensive homes - State Farm
Best for veterans - USAA
Best for bundling - State Farm
The Best Overall Homeowners Insurance Companies in Illinois
MoneyGeek ranked the best home insurance companies in Illinois based on customer satisfaction, claims reputation, affordability and financial stability to help you find a policy that fits your needs. These are the state’s top options:
- Allstate: MoneyGeek score of 87 out of 100
- American Family: MoneyGeek score of 83 out of 100
While USAA is excluded from this analysis, the company received a MoneyGeek score of 92 out of 100, making it the best home insurance company in Illinois for current and former military members.
MoneyGeek explains the coverages and discounts offered by Allstate and American Family to help you understand why these companies ranked the highest.
The Top Home Insurance Companies in Illinois
1
Allstate
Score:93
On average, it costs $1,067 per year to buy a policy from Allstate. The company ranked first for affordability and fifth for both financial stability and customer satisfaction. It offers energy efficiency upgrade coverage.
More About Allstate
With Allstate, you can add energy efficiency upgrade coverage, which covers the cost of replacement of damaged household heating or cooling systems with energy-efficient items. The company also offers mold coverage, which protects you against mold and fungus damage. Allstate has some inviting discounts as well, including those for automatic payment and company loyalty.
2
American Family
Score:84
The average cost of buying a policy from American Family is $1,504 per year. The company is ranked third for customer satisfaction and fourth for affordability, though it’s tied for last place for financial stability. It offers equipment breakdown coverage.
More About American Family
American Family’s equipment breakdown coverage protects you in case of covered damage to your home appliances, smart home devices and other systems. This company also offers coverage for hidden water damage, usually caused by a leak in your plumbing or other home appliances. These are additional coverages, and it would cost more to add these to your policy.
HOW WE DETERMINED THE BEST ILLINOIS HOME INSURANCE
MoneyGeek researched home insurance quotes from across the U.S. and balanced these quotes against property claims ratings and customer satisfaction scores from J.D. Power to help you figure out the best home insurance nationally and in Illinois.
However, since insurance rates differ depending on the individual, your costs and experiences may be different. You can read our methodology for more information.
The Best Homeowners Companies in Illinois for Service Quality
MoneyGeek analyzed the best home insurance companies in Illinois for people who want the best service quality and aren’t primarily concerned with the cost of a policy. We found that the following companies offer the best policies for customer service:
- Country Financial: MoneyGeek rating of 90 out of 100
- American Family: MoneyGeek rating of 83 out of 100
While USAA was not included in this analysis, the company received a MoneyGeek score of 100 out of 100, making it the best company in the state for current and former military members.
MoneyGeek broke down why Country Financial and American Family are ranked the highest for people who want the best service quality regardless of the rates.
The Top Home Insurance Companies in Illinois for Quality Service
1
American Family
Score:84
American Family ranked fourth for customer satisfaction and fifth for claims experience, giving it a solid balance between these elements. While it doesn’t rank at the top in either category, it has strong scores in both with no glaring weaknesses.
More About American Family
With American Family, you can add equipment breakdown coverage and hidden water damage coverage to your policy, which not many competitors offer. The company also offers to replace damaged sections of the siding due to a covered loss. These are optional coverages that are not added to your policy automatically.
2
Country Financial
Score:75
Country Financial ranks behind only USAA for both customer satisfaction and claims experience, which makes it the best widely available option for people looking for a company with good service quality.
More About Country Financial
The company offers identity theft and cyber event coverage. If your account is hacked online or your identity is stolen, the company will cover up to $25,000 in expenses. Country Financial doesn’t offer many uncommon coverages but it still scores very highly due to its excellent service.
The Best Homeowners Companies in Illinois on a Budget
If you’re looking to reduce your monthly insurance costs and want a policy that also offers quality service, MoneyGeek’s research shows that the following companies offer policies in Illinois that would be best suited for you:
- Allstate: MoneyGeek score of 93 out of 100
- Farmers: MoneyGeek score of 87 out of 100
USAA was excluded from MoneyGeek’s analysis. However, the company received a score of 83 out of 100, which makes it the state’s fifth-best option for current and former military members.
The average cost of buying a home insurance policy from Allstate is $1,067 per year, while Farmers charges an average of $1,250 annually for a policy.
MoneyGeek broke down why Allstate has a higher rank by explaining the discounts and coverages offered by the company.
The Top Home Insurance Companies in Illinois on a Budget
pros
Affordable home insurance coverage averaging $1,067 per year
Offers bundling, new home and automatic payment discounts
MoneyGeek satisfaction rating of 4 out of 5
cons
Does not offer a home renovation discount
COMPANY HIGHLIGHTS
MoneyGeek’s data shows that Allstate has an affordability rating of 5 out of 5, which means this company is the best option for you if you’re looking for an affordable home insurance policy in Illinois.
The company offers a discount for bundling your home insurance policy with auto insurance and another discount for remaining claims-free. You may also be eligible for a discount if you have recently purchased a new home or have installed protective security devices in your home.
Allstate offers some uncommon discounts as well, including those for people who set up automatic payments or have been loyal customers of the company.
The Best Homeowners Companies in Illinois for Expensive Homes
MoneyGeek researched the best home insurance companies in Illinois and weighed the cost of insuring a house worth $2 million against each company’s customer satisfaction reputation. We found that the following companies offer the best policies for expensive homes:
- State Farm: MoneyGeek score of 83 out of 100
- Allstate: MoneyGeek score of 83 out of 100
While USAA was excluded from MoneyGeek’s analysis, the company received a score of 99 out of 100, which makes it the best option in Illinois for military families.
MoneyGeek broke down why State Farm ranked the highest for those with expensive homes to help you understand how this company can help people looking for policies with higher coverage limits.
The Top Home Insurance Companies in Illinois for High-Value Homes
pros
MoneyGeek satisfaction rating of 4.1 out of 5
cons
Does not offer extended reimbursement or contents replacement cost coverages
Ranks in the bottom half of Illinois insurers for affordability for expensive homes
COMPANY HIGHLIGHTS
While State Farm is not as affordable as some competitors for high-value homes, the company has a high customer satisfaction rating and can be a great option for people who own expensive homes.
The company offers identity theft and cyber-attack coverage, which means if your identity has been stolen and used to commit fraud, the company will provide you reimbursement of any expenses incurred. State Farm also provides an add-on for scheduled personal property, extending your limits for high-value items like jewelry, firearms and more.
The Best Homeowners Companies in Illinois for Veterans
If you have a military background, MoneyGeek researched the best Illinois home insurance providers for you and found that USAA is the best option. The company has a MoneyGeek score of 92 out of 100. On average, it costs $1,994 per year to buy a policy from USAA. Its policies are exclusively provided to current and former military members.
The Top Home Insurance Companies in Illinois for Veterans
pros
Policies tailored to military families
MoneyGeek satisfaction rating of 5 out of 5
cons
You aren’t eligible for its policies if you don’t have a military background
MoneyGeek affordability rating of 3.6 out of 5
COMPANY HIGHLIGHTS
USAA has the highest MoneyGeek customer satisfaction score, which makes it the best option for military families.
USAA’s policies include contents replacement cost coverage, which covers the cost of your personal belongings with no depreciation. You can leverage several discounts too, including those for bundling different types of insurance policies and for remaining claims-free.
The Best Homeowners Companies in Illinois for Bundling
MoneyGeek analyzed the best home and auto insurance bundles for people who want to package their home insurance with the best car insurance in Illinois. We found that the following companies offer the best home and auto insurance bundles in the state:
- State Farm: MoneyGeek score of 86 out of 100
- Allstate: MoneyGeek score of 83 out of 100
If you bundle your home insurance policy with auto insurance, you’ll be eligible for extra discounts from the insurer and will also have the convenience of handling both types of insurance with the same company.
The Top Home Insurance Companies in Illinois for Bundling
pros
MoneyGeek auto insurance score of 4.2 out of 5
MoneyGeek home insurance score of 4.1 out of 5
Offers 27% discount on bundling
cons
None
COMPANY HIGHLIGHTS
State Farm has a high rating for its auto and home insurance policies, and it also offers a 27% discount for bundling both types of policies together.
The company offers mold coverage up to $20,000 as well as vacancy coverage for vandalism and glass breakage if your house has been unoccupied for 30 days. For auto insurance customers, State Farm offers a rideshare coverage add-on that protects rideshare drivers even when they’re in between riders.
How to Find the Best Home Insurance in Illinois
People looking for the best home insurance in Illinois should choose a policy that balances cost, service reputation and financial stability. While MoneyGeek collected this information for you, you can also take a look for yourself to further evaluate your options.
1
Research Customer Service Reputations in Illinois
MoneyGeek analyzed customer service reputations of different insurers in this guide. However, you can also look up J.D. Power satisfaction scores and NAIC complaint ratios in Illinois for insurers you want to research. The Illinois Department of Insurance website is also a good resource.
2
Compare Quotes for Yourself
While MoneyGeek researched average home insurance quotes for a sample driver, it’s best to get at least three quotes for yourself and compare rates, as the best policy for you will depend on your profile and background.
3
Make Sure the Company Has Coverages You Want in Illinois
The major insurers advertise certain coverages or discounts in many different locations but sometimes those features aren’t available in every state. Always confirm with insurance companies that they offer what you’re looking for in Illinois.
4
Double-Check Financial Stability Ratings
It’s important to check the financial strength rating of an insurer, as the financial condition of a company can affect the processing of your claims. Large insurance companies tend to be financially stronger, while regional insurance companies in Illinois may have lower premiums and financial strength ratings.
FAQs About the Best Home Insurance in Illinois
MoneyGeek researched the most frequently asked questions about home insurance in Illinois to help you find a policy that’s the best fit for your needs.
Methodology
MoneyGeek scores for homeowners insurance in Illinois were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from AM Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections specifically focused on affordability and service experience.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Illinois that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Illinois. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
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