Best condo insurance companies in Illinois

In Illinois, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, scores, and ratings from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for major insurance companies in Illinois. Below are the best condo insurance companies in Illinois based on Insurance.com’s analysis.

CompanyAnnual premiumAM Best ratingNAICInsurance.com rating
Travelers$772A++0.54
5.0
Country Financial$472A+0.26
5.0
Auto-Owners$483A++0.33
4.9
American Family$576A0.37
4.4
State Farm$294A++0.95
4.2
Nationwide$388A+0.87
4.0
Farmers$790A0.54
3.5
Allstate$591A+0.90
3.4
Data updated in 2024
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Average cost of condo insurance in Illinois

The average cost of condo insurance in Illinois is $614 a year or $51 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average annual premiumAverage monthly premium
$614$51
Data updated in 2024
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Condo insurance calculator

Average condo insurance rates in Illinois
Please enter valid zip code
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000

Most & least expensive ZIP codes for condo insurance in Illinois

Most expensive

ZIP codeCityHighest rate
60624Chicago$1,018
60644Chicago$990
60651Chicago$970
60612Chicago$956

Least expensive

ZIP codeCityLowest rate
62214Addieville$538
62615Auburn$539
61533Glasford$540
60929Cullom$540
Data updated in 2024
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Condo insurance rates in Illinois by coverage level

Based on a rate study by Insurance.com, State Farm provides the lowest condo insurance rates in Illinois based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.

Nationwide is the next cheapest option, offering low-cost condo insurance in Illinois at $388 per year. However, rates vary by coverage level.

The table below shows condo insurance rates from several top companies at various coverage levels.

Company$40,000 contents/$100,000 liability$40,000 contents/$300,000 liability$60,000 contents/$100,000 liability$60,000 contents/$300,000 liability$80,000 contents/$100,000 liability$80,000 contents/$300,000 liability$100,000 contents/$100,000 liability$100,000 contents/$300,000 liability
State Farm$252$262$284$294$308$318$330$340
Nationwide$346$350$383$388$426$432$431$437
Country Financial$370$380$462$472$542$552$623$633
Auto-Owners$420$424$480$483$562$565$643$647
American Family$502$524$553$576$592$617$625$650
Allstate$503$523$571$591$626$646$669$689
USAA$682$682$749$749$808$808$857$857
Travelers$640$662$745$772$839$869$961$997
Farmers$667$723$734$790$806$862$875$931
Data updated in 2024
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Condo insurance rates by company in Illinois

Rates for condo insurance by company in Illinois vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Illinois. The cheapest company for condo insurance in Illinois is State Farm. Nationwide, and Country Financial, are the second and third cheapest options.

CompanyAverage annual rateAverage monthly rate
State Farm$294$25
Nationwide$388$32
Country Financial$472$39
Auto-Owners$483$40
American Family$576$48
Allstate$591$49
USAA$749$62
Travelers$772$64
Farmers$790$66
Data updated in 2024
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Compare condo insurance rates by city in Illinois

Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Illinois.

CityAnnual insurance premium
Aurora
$596
Champaign
$538
Chicago
$820
Elgin
$586
Joliet
$596
Naperville
$602
Peoria
$539
Rockford
$567
Springfield
$546
Data updated in 2024
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Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.

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