Skip to main content

Illinois Home Insurance Estimator โ€” Updated 2026

State abbreviation: IL

Homeowners insurance in Illinois averages $1,440/year, depending on home value, location (wildfire/flood zones), age, and coverage limits. For a home valued at $315,000, you should budget 0.46% of its value annually for insurance. Insurance costs here are near or below the national average.

Illinois Financial Data (2026)

State Tax Rate
4.95%
Property Tax Rate
0.85%
Median Home Price
$315,000
Avg Insurance Cost
$1,440/year
Cost of Living Index
104
State Abbreviation
IL