Overall, State Farm offers the best life insurance in the Prairie State and across the country, earning a MoneyGeek score of 99 out of 100 for customer service, affordability, and coverage options. We also recommend GEICO, Nationwide, Haven, and Mutual of Omaha as some of the best affordable alternatives.
Best Life Insurance Companies in Illinois (June 2025)
Updated: June 8, 2025
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Key Takeaways
Though life insurance costs don't vary by location, the best choices for coverage in the Prairie State are State Farm, GEICO, Nationwide, Haven, and Mutual of Omaha.
GEICO delivers the cheapest life insurance options in Illinois and nationwide, with monthly rates beginning at $3.
To find the best life insurance in Illinois, decide on your coverage needs, research costs and companies, and compare plenty of providers.
Best Life Insurance Providers in Illinois
| State Farm | 99 | $6 |
| GEICO | 98 | $3 |
| Nationwide | 97 | $4 |
| Haven | 97 | $6 |
| Mutual of Omaha | 96 | $4 |
*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.
Best Life Insurance in Illinois by Category
While the top life insurance provider is a great choice for many in the Prairie State, your best option might vary based on your needs. Below, we detail the leading providers for different profiles.
| Young Adults | Progressive | $2 |
| Seniors | AAA | $50 |
| Smokers | Progressive | $10 |
| High Coverage | GEICO | $14 |
Compare Personalized Best Illinois Life Insurance Picks
To help you find the right life insurance plan, we've included a filterable table below that matches recommendations to your unique profile seamlessly.
Data filtered by:Results filtered by:
Select
Age:41-50
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Gender:M
Select
Coverage Level:250k-500k
Select
Term:10
Select
Health Level:Excellent
| State Farm | 99 | $10 |
| GEICO | 98 | $6 |
| Nationwide | 97 | $7 |
| Haven | 97 | $15 |
| Mutual of Omaha | 96 | $7 |
| Protective | 95 | $10 |
| Prudential | 94 | $8 |
| Allstate | 92 | $9 |
| AAA | 92 | $8 |
| Transamerica | 90 | $7 |
Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.
How to Find the Best Life Insurance in Illinois
Discover essential tips to guide you in selecting the perfect life insurance plan for your needs.
- 1
Decide coverage beforehand
Before purchasing, determining how much life insurance you need is crucial. This helps compare prices fairly and avoids being oversold by agents. Learn more about calculating your life insurance needs here.
- 2
Research costs for your profile
Check average life insurance costs for your desired coverage level and personal profile to assess if you're getting a good deal. Remember, location generally does not impact life insurance rates.
- 3
Compare company reputations
Rates typically don't vary by state, but understanding a company's reputation in your area can lead to better choices. Use resources like J.D. Power, online forums and independent agents to evaluate providers. Coverage options vary by provider, so ensure it offers what you need.
- 4
Compare quotes through multiple avenues
Get quotes from various companies to ensure you're receiving the best value. Pricing can vary based on how you gather quotes, whether through an independent agent, online source, or insurance agent.
Best Life Insurance in Illinois: Bottom Line
We found the top three life insurance companies in Illinois are State Farm, GEICO, and Nationwide. While these are our recommendations, we urge you to do your own research, decide on a coverage level, and compare quotes to get the best deal possible.
Illinois Life Insurance: FAQ
Discover expert answers to your common questions about life insurance in Illinois
What is the best life insurance in Illinois?
In Illinois, State Farm earns the top spot for life insurance with nationwide praise for its service, reasonable pricing, and quality term policies.
How do you get the best life insurance in Illinois?
To secure the best life insurance in Illinois, assess your needs, diligently research insurers' reputations, and methodically compare policies and premiums.
Do life insurance rates differ by state?
No, life insurance rates remain consistent across states, though specific coverage options and riders can differ based on location.
How We Decided the Best Life Insurance in Illinois
MoneyGeek created a scoring system to compare life insurance companies across five categories and ranked them based on their scores. We selected companies to review based on their broad national coverage and ability to provide an online quote.
MoneyGeek's Scoring System
In our unique scoring system, companies can earn up to five points in each of five categories. We then use these category scores to calculate an overall MoneyGeek score out of 100. We applied the following base weightings to score insurers:
- Affordability: 60%
- Financial Stability: 5%
- Buying Process: 5%
- Customer Satisfaction: 20%
- Product Diversity: 10%
Each company's score incorporates:
- Cost data obtained through online quotes
- Financial strength ratings from AM Best and the number of years in business
- Customer satisfaction data from the National Association of Insurance Commissioners (NAIC) customer complaint index (we reviewed annual complaint data from 2020 to 2022, the most recent year available)
- Availability of tools to aid in the buying process, such as online product materials and multiple payment options
- Diversity of life insurance products offered
Sample Customer Profile
MoneyGeek used a standard profile to obtain life insurance quotes in Illinois:
- 40-year-old nonsmoker
- Average height and healthy weight
- Excellent health rating
We modified the profile by age, gender, height, weight, tobacco use, health rating and geographic location to collect a variety of quotes and determine the best life insurance company for several types of customers. We collected quotes for term life insurance with varying term lengths and coverage amounts, as well.
When necessary, we identified trends in the dataset and used those patterns to calculate projections and extend the data beyond what was originally collected.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.