Updated: June 2, 2026
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Top renters insurer in Illinois: Erie
Most affordable renters insurance in Illinois: Lemonade
Illinois average renters insurance cost: $180 per year
Illinois's top best renters insurance provider is Erie, earning a MoneyGeek score of 4.8 out of 5. At $13 monthly, the company scores well for customer experience and coverage.
These five companies earned the top MoneyGeek scores for renters insurance in Illinois:
| Erie Insurance | 4.84 | $13 | $153 |
| State Farm | 4.66 | $10 | $117 |
| Chubb | 4.59 | $17 | $206 |
| Lemonade | 4.59 | $7 | $83 |
| Auto-Owners Insurance | 4.5 | $13 | $155 |
*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
Best for Illinois Renters
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
For $20,000 in personal property coverage, Illinois renters can pay as little as $7 per month with Lemonade, $8 less than Illinois's $15 monthly average and $96 less per year.
The 10 most affordable companies range from $7 to $17 monthly for identical coverage. Eight of 10 insurers charge less than Illinois's $15 state average for cheapest renters insurance.
| Lemonade | $7 | $-8 |
| State Farm | $10 | $-5 |
| Progressive | $13 | $-2 |
| Erie Insurance | $13 | $-2 |
| Auto-Owners Insurance | $13 | $-2 |
| USAA | $13 | $-2 |
| Westfield Insurance | $14 | $-1 |
| Farmers | $15 | $-0 |
| Allstate | $16 | $1 |
| Chubb | $17 | $2 |
Illinois renters pay $15 per month ($180 per year) for renters insurance, $1 below the $16 national average. High crime rates in cities and severe weather, such as tornadoes, lead to more claims, which raise costs for insurers across the state.
Elgin has the cheapest renters insurance in Illinois at $14 per month ($167 per year). Chicago renters pay the most at $17 per month ($199 per year). Most cities stay close to the state's $15 monthly average, with small differences driven by local crime rates and weather risks.
| Aurora | $14 | $167 |
| Chicago | $17 | $199 |
| Coatsburg | $14 | $173 |
| Elgin | $14 | $167 |
| Elmwood Park | $16 | $188 |
| Joliet | $14 | $174 |
| Naperville | $14 | $169 |
| Peoria | $14 | $172 |
| Percy | $15 | $177 |
| Rockford | $15 | $178 |
| Springfield | $15 | $180 |
| Urbana | $14 | $169 |
Lemonade offers the lowest rates for $20,000 and $50,000 in personal property coverage with $100,000 in liability protection. At the highest coverage level, $250,000 in personal property with $300,000 in liability, State Farm is the cheapest at $35 per month.
| $20K Personal Property / $100K Liability | Lemonade | $7 |
| $50K Personal Property / $100K Liability | Lemonade | $15 |
| $100K Personal Property / $100K Liability | Allstate | $16 |
| $250K Personal Property / $300K Liability | State Farm | $35 |
Illinois renters insurance averages $15 per month. Knowing what your belongings are worth, what coverage types are available and what rates different insurers charge will help you avoid paying for more, or less, than you need.
The price gap between insurers can be wide for identical coverage. Lemonade charges $7 monthly while Chubb charges $17 for the same $20,000 protection. Getting quotes from at least three companies could save you $10 monthly. Online tools make it easy to find the lowest rate quickly.
Keeping both policies with one insurer cuts 10% to 25% off each premium. State Farm and Auto-Owners offer bundling discounts that lower your total insurance costs while consolidating your monthly bills into one payment.
Check your emergency fund first before raising your deductible. A higher deductible drops your monthly premium but means you'll cover more costs when filing a claim. Make sure you can comfortably afford the increased out-of-pocket amount.
Many insurers won't automatically apply every discount you qualify for. Illinois companies offer savings for security systems, smoke detectors, automatic payments and claims-free records. State Farm provides good student discounts for renters under 25 maintaining a B average.
Most Illinois landlords require at least $100,000 in liability coverage, though the state doesn't mandate renters insurance by law. Your credit score, rental history and whether you own pets affect coverage requirements. Factor in your property value and local risk levels like weather and crime rates when setting limits.
Use our calculator below to find out how much renters insurance you need.
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
Clothes, shoes, bags, belts, hats, gloves, etc.
Review our experts' answers to frequently asked questions below:
Erie earns the top spot for renters insurance in Illinois with a MoneyGeek score of 4.8 out of 5. At $13 monthly, it offers high customer satisfaction at affordable rates.
Illinois renters insurance averages $15 per month ($180 annually) for $20,000 in personal property coverage, $1 below the $16 national average. Tornado risk and higher property crime rates in metro areas push claims costs up for providers across the state.
Allstate offers the cheapest $100,000 renters insurance in Illinois at $16 per month; the state average for this coverage level is $36 per month ($437 annually). Most Illinois renters carry $20,000 to $50,000 instead. The $100,000 tier is worth it if you own expensive belongings or valuable collectibles.
Illinois law doesn't require renters insurance, but most landlords do, at least $100,000 in liability coverage as a lease condition. Requirements can vary based on your rental history, credit score and whether you have pets. Check your lease for the exact amounts your landlord requires.
We analyzed Illinois renters insurance companies to find insurers with affordable rates and excellent service.
We gathered quotes for renters with this profile:
Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of Illinois's best renters insurance providers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
