Chicago Home Insurance Costs (2026)

How much is homeowners insurance in Chicago?

Homeowners insurance in Chicago averages $236 a month for the house we priced, with rates as of Sept. 30, 2026. The 4 major insurers we compared are Allstate, State Farm, Farmers and American Family, and each one priced our sample home in all 52 Chicago ZIP codes in our data, in Cook County. For this house, Chicago is the 2nd most expensive of the 6 Illinois cities in our data with at least 5 ZIP codes, and above the Illinois average of $232 a month.

Our figures are for a $300,000 dwelling, which works out to about $9.46 a year for each $1,000 of dwelling coverage in Chicago; insuring a larger or costlier house for more usually costs more, though not always in step with the limit.

For the same insurers and ZIP codes, the Chicago average fell 9.3% since Nov. 2025, from $3,128 a year ($261 a month) on Nov. 30, 2025, to $2,837 ($236) on Sept. 30, 2026, as American Family’s fell 20.1%, Allstate’s rose 3.1% and the other insurers’ prices didn’t change.

Homeowners insurance averages by insurer in Chicago for our sample home (rates as of Sept. 30, 2026)

Allstate averaged $105 a month ($1,256 a year), State Farm $190 ($2,283), Farmers $253 ($3,039) and American Family $397 ($4,769) for our sample home.

Same sample home: each insurer’s average yearly price in the same Chicago ZIP codes, Nov. 30, 2025 and Sept. 30, 2026

All 4 insurers in the table priced the same 52 Chicago ZIP codes on both dates.

By ZIP code: each insurer’s yearly price for the same house changed with the Chicago address:

• Allstate ran from $1,215 a year in 5 ZIP codes, including 60625 to $1,336 in 60619.
• State Farm charged $2,283 a year in every Chicago ZIP code it priced.
• Farmers ran from $2,367 a year in 60656 to $3,833 in 60624.
• American Family ran from $4,570 a year in 60655 to $5,019 in 60644.

Why one insurer stands out: American Family’s average for our sample home, $397 a month, is about 2.2 times the other 3 insurers’ average. It stays in our figures. Without it, the Chicago average would be $183 a month ($2,193 a year), 21.4% below the Illinois average.

Same sample home in Chicago with all 4 insurers and without American Family (rates as of Sept. 30, 2026)

The Illinois figure includes every insurer we priced in the state.

Who has the cheapest homeowners insurance in Chicago?

Prices for the same home vary so much by insurer and ZIP code that the lowest one for our sample home may not be lowest for you, so compare a few quotes. The home table above lists every insurer’s average for the same home.

What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. In Chicago, ZIP code averages for this house ran from $222 to $258 a month, while insurers’ Chicago averages ran from $105 to $397.

If prices stayed where they are today, the $1,783-a-year gap between the lowest and highest averages among the insurers anyone can buy from in Chicago, other than American Family, which priced far above the rest, would add up to $8,915 over five years for this house.

Same house, different city: how does Chicago compare?

The same sample home costs $236 a month in Chicago, $228 in Rockford, $231 in Springfield, $233 in Aurora, $236 in Joliet and $243 in Peoria, the 6 Illinois cities in our data with at least 5 ZIP codes.

Same sample home: average home insurance prices in Chicago, other Illinois cities and the state (rates as of Sept. 30, 2026)

Each city covers the ZIP codes in our rate data with that city as their main mailing address; every row prices the same house.

Rockford has the lowest average of these Illinois cities, $228 a month, and Peoria the highest, $243; Chicago sits between them.

Compared with Rockford, the Illinois city with the most ZIP codes in our data after Chicago (8), the same house costs 3.7% more to insure in Chicago.

Across the U.S., 141 of the other 291 cities in our data with at least 5 ZIP codes priced have a lower average for this house than Chicago, and 150 a higher one.

For the statewide picture, see home insurance costs in Illinois and Aurora home insurance costs.

Compare all states: home insurance costs for the same house in all 50 states and D.C.

How much is homeowners insurance on a $300,000 house in Chicago?

For a house with $300,000 of rebuilding coverage and a $1,000 deductible, homeowners insurance in Chicago averages $236 a month ($2,837 a year) across the 4 insurers we compared in 52 ZIP codes (rates as of Sept. 30, 2026). That’s 1.7% above the $232-a-month Illinois average for the same house. Insurers’ averages for that same house ran from $105 to $397 a month. Without American Family, which priced far above the rest, the average would be $183 a month.

Why your Chicago quote may differ from these prices

Use our one-house figures as a starting point when you compare homeowners insurance quotes for yours.

Your roof: Our sample house has a composition roof, and we priced it without a roof age. Insurers often charge more for older roofs, so ask how your roof’s age and material change your quote.

Your claims and credit: a recent claim, or weaker credit where an insurer uses it, can push a Chicago quote above the $236 a month our claim-free, good-credit owner averages.

Your deductibles: our house has one $1,000 deductible for covered losses other than a hurricane. If your policy has a separate percentage deductible for wind and hail, your premium and your out-of-pocket cost after a storm will both differ from ours.

What drives home insurance prices in Chicago?

For our sample house, Chicago is the 2nd most expensive of the 6 Illinois cities in our data with at least 5 ZIP codes, and 8.5% below the average of the 50 states and D.C. Our figures don’t separate causes; these official records show what Chicago homes face.

One reason in our data: American Family’s average for our sample home, $397 a month, is about 2.2 times the other insurers’ average; without it, Chicago would average $183 a month.

On July 2, 2023, Chicago-O’Hare Airport received 3.35 inches of rain, breaking the daily record of 2.06 inches set in 1982, and totals in and near Chicago largely ranged from roughly 3 to 7 inches, the National Weather Service says.

Chicago’s worst snowstorm on record came on January 26 and 27, 1967, when 23 inches of snow fell, according to the National Weather Service.

How to find cheaper home insurance in Chicago

For our sample home, insurers’ Chicago averages ran from $1,256 to $4,769 a year. These are the levers you control; how much each one moves a quote depends on the insurer and the house, and none of them comes with a promised price.

Compare at least three insurers: even one insurer’s price moves a lot by address: Farmers’ for our sample home ran from $2,367 to $3,833 a year depending on the Chicago ZIP code.

Price two deductibles: ask each insurer for the premium at your current deductible and one step higher, and keep any percentage wind and hail deductible in dollars in mind (2% of $300,000 is $6,000, about 25 months of Chicago’s $236-a-month average premium).

Ask about a tougher roof and safety devices: impact-resistant roofing, smoke detectors, burglar alarms and dead-bolt locks are common discounts to ask about.

Bundle with care: some insurers take roughly 5% to 15% off when you buy home and car insurance together, the Insurance Information Institute says; compare both ways before you decide.

Keep the coverage you need: insuring at least 80% of the rebuilding cost protects you on partial losses, so a lower price that comes from a lower limit can cost you after a large claim.

Guard a clean record: our sample owner has no claims in 10 years, and the $236-a-month Chicago average assumes that clean record; a recent claim can raise a quote.

How much is renters insurance in Chicago?

Renters insurance for our sample renter averages $29 a month ($349 a year) in Chicago. For our sample renter, prices among the 3 insurers we compared ranged from $22 to $38 a month, a $16-a-month gap for the same coverage.

Renters insurance averages by insurer in Chicago for our sample renter (rates as of Sept. 30, 2026)

State Farm averaged $22 a month ($260 a year), Farmers $28 ($332) and American Family $38 ($456) for our sample renter.

State Farm had the lowest renters average for our sample renter of the insurers anyone can buy from, $22 a month ($260 a year), 21.7% below Farmers’ $332 a year, the next of those insurers. Another insurer may be lower for your apartment, so compare quotes.

For renters insurance, Chicago is the most expensive of the 6 Illinois cities in our data with at least 5 ZIP codes: its average is 17.5% above the Illinois renters average of $297 a year ($25 a month) and 36.3% above the average of the 50 states and D.C., $256 a year ($21 a month). Among the 292 U.S. cities in our data with at least 5 ZIP codes priced, 258 have a lower renters average for our sample renter than Chicago, 33 a higher one. Our sample renter’s policy costs about 12% of what our sample home costs to insure in Chicago.

For the same insurers and ZIP codes, the Chicago renters average didn’t change between Nov. 30, 2025 and Sept. 30, 2026: it was $29 a month on both dates.

By ZIP code, the Chicago renters average for our sample renter ran from $25 a month in 60645 to $35 in 60617. Of the 52 ZIP codes, 19 averaged more than the city’s $29 a month for our sample renter, 24 less and 9 the same.

Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims. Rates as of Sept. 30, 2026, from 156 sample prices by 3 insurers across 52 Chicago ZIP codes.

• $40K belongings
• $300K liability
• $1,000 deductible

What does renters insurance cover in a Chicago apartment?

Your landlord’s insurance is for the building; a renters policy is for your belongings and your liability. The policy we priced pays up to $40,000 for belongings after a covered fire, storm or burglary and $300,000 if you’re responsible for someone’s injury or property damage. In Chicago, that package averages $29 a month; flood and earthquake damage need separate coverage.

How we got these renters prices: each insurer’s average across the 52 Chicago ZIP codes in our data. Sample prices, not quotes or offers.

You may also want to compare: car + home insurance in Chicago

Many Chicago homeowners insure a car too. Some insurers take roughly 5% to 15% off when you buy home and car insurance from them together (Insurance Information Institute), but the same insurer has to write both policies, and buying both from one insurer isn’t always the lower-priced choice, so compare both ways.

See car insurance rates in Chicago · Illinois car insurance rates · How bundling home and auto insurance works