Illinois Homeowners Insurance Coverage
Whether you live in a brick two-story on Chicago’s North Side, a farmhouse outside of Peoria or an updated ranch in Springfield, a Farmers® Flex Personal Home policy offers coverage for your home and your lifestyle, with discounts to help you save.
Is home insurance required in Illinois?
No. Illinois doesn’t require you to have home insurance. But it’s likely that your mortgage lender, if you have one, will require it to protect their investment in your home.
What does home insurance typically cover in Illinois?
Every policy is different, but home insurance policies in Illinois typically come with several standard coverages.
- Dwelling (Coverage A). This coverage helps you pay for damage to your home from a covered event, such as a fire, windstorm, lightning or hail.
- Other structures (Coverage B). This coverage is intended to cover structures that aren’t connected to your home, like a fence or shed.
- Personal property (Coverage C). This coverage helps you repair or replace your personal belongings if they are stolen or damaged.
- Loss of use, or additional living expense coverage (Coverage D). This coverage can help you pay to stay somewhere else if your home is uninhabitable due to covered damage.
- Personal liability (Coverage E). This coverage helps pay for accidental property damage or injuries you cause through negligence.
Typical home insurance policies in Illinois cover damage caused by:
- Fire
- Vandalism and theft
- Lightning strikes
- Wind
- Hail
- Explosions
- Falling objects
- The weight of snow or ice
Flooding, a risk in parts of Illinois, is not covered, but special flood insurance through the National Flood Insurance Program (NFIP) may be available.
Farmers Flex Personal Home coverage in Illinois
Beyond the basic coverages, Farmers Flex Personal Home offers a wide range of options that let you customize your policy, such as:
- Guaranteed Replacement Cost
- Water Backup and Sump Overflow
- Emergency Mortgage Assistance
- Declining Deductibles®
- Claim Forgiveness
How much does homeowners insurance generally cost in Illinois?
The average premium for home insurance coverage in Illinois is $1,343 per year1, according to 2022 data (the most recent available) from the National Association of Insurance Commissioners (NAIC). That’s less than what homeowners nationwide paid — an average of $1,569 per year for coverage, the NAIC report shows. Keep in mind that insurance premiums in most states have changed since then. Also, the amount you pay may be different depending on things like the value and age of your home, how much personal property you want to cover, what deductible you choose and risks specific to your area.
Illinois home insurance discounts
Farmers® offers a variety of savings opportunities for eligible home insurance customers in Illinois, including:
- Welcome Discount
- Homebuyer Discount
- Bundling Discount
- Loyalty Discount
- Claim Free Discount
See more information and additional discounts that may be available in Illinois.
The Northern Cardinal
More coverage options in Illinois
Learn From Experience
Read real-life stories about insurance, renovations, home safety and more from pros and homeowners like you.
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1 Based on average premium for HO-3 type open perils homeowners policies.