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Best Home Insurance in Chicago

If you’re searching for the best home insurance in Chicago, learn about four providers you should consider.

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Home insurance policies can make a major difference for people living in areas where homes are often damaged. Chicago homeowners are no exception.

If you’re in the market for a home insurance policy in Chicago, you will have a wide range of providers to consider. In this guide, we help you narrow your search to the top companies in the area.

To get free quotes from multiple companies near you, call 855-948-5219 or enter your zip code in the tool below:

Chicago’s Top 4 Homeowners Insurance Companies

The highest-rated homeowners insurance companies in Dallas include:

  1. Allstate: Best Overall
  2. Farmers: Most Customizable Coverage
  3. Amica: Best Customer Service
  4. Lemonade: Best Value

The best homeowners insurance companies in Chicago offer comprehensive coverage with a variety of customizable add-ons and affordable monthly premiums. Read on to learn more about our top four picks.

Compare the Best Homeowners Insurance Companies in Chicago

See how the top homeowners insurance companies in Chicago stack up on key metrics.

Comparison

Provider Get a Free Quote Known for Score Monthly Cost* Years in Business States Covered BBB Rating
Provider Get a Free Quote Known for Score Monthly Cost* Years in Business States Covered BBB Rating
Allstate Not available through This Old House Best Overall 98.10 $177 89 50 A+
Amica Not available through This Old House Best Customer Service 96.60 $186 113 48 A+
Farmers Not available through This Old House Most Customizable Coverage 94.40 $148 92 50 A+
Lemonade Lemonade.com Quickest Sign-Up 83.50 $25 and up 5 23 B+

*Cost may be calculated for homes of slightly varying values

Industry-Standard Coverage

Most homeowners insurance companies offer six essential forms of coverage—dwelling, other structures, personal property, loss of use/additional living expenses, personal liability, and medical payments to others. Each of our top companies offers these protections. You can find a breakdown below.

Coverage

Type Description
Type Description
Dwelling + other structures Covers the cost of repairing or replacing the home’s interior and exterior, in addition to any other structures on the property
Personal property Covers the cost of replacing personal possessions, including clothing, electronics, and furniture
Personal liability Covers the cost of attorney fees, court fees, and damages resulting from someone being injured on your property
Loss of use/additional living expenses Covers the cost of living expenses like accommodations and dining if your home is temporarily uninhabitable due to covered damage or destruction
Medical payments to guests Covers the cost of medical expenses if someone is injured in the home

1. Allstate

Allstate is the second-largest home insurance provider in the country with a solid reputation and strong financial backing. The company offers a lengthy list of endorsements, including identity theft protection and sports equipment coverage. Its 24/7 customer service center goes beyond the norm—customer service representatives are available to answer all home insurance questions, going beyond simply assisting with claims.

Weigh the pros and cons of Allstate below.

Pros and Cons of Allstate 

Pros Cons
Pros Cons
Extensive endorsement options to customize your policy Average customer satisfaction ratings
Second-largest homeowners insurance provider in the U.S.
24/7 customer service for all insurance questions

Plans and Pricing of Allstate

We received an instant quote for a new construction, single-family, approximately 2,100-square-foot home in Chicago valued at roughly $420,000. The monthly premium came out to $177.

Plans

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $423,300
Other structures $42,000
Personal property $254,000
Loss of use $42,000
Liability $100,000 per occurrence
Medical payments to others $1,000 per person
Deductible $1,000
Monthly Cost $177

Discounts

Allstate offers many discounts to help reduce the cost of your premium:

  • Multi-policy
  • Early signing
  • Claim-free
  • Home alarm
  • Roof
  • Smoke-free
  • Storm shutter
  • Homebuyer
  • Easy Pay Plan
  • Age 55 and retired
  • Welcome and loyalty

Allstate Endorsements

Here you can see a sample of Allstate’s endorsements. Add-on coverages might vary depending on the state, but you can confirm which ones are available in your personalized quote.

Endorsements

Type Description
Type Description
Personal umbrella policy Increases limits of personal liability coverage and adds coverage for lost wages and legal fees
Earthquake Covers repairs or replacement of your home after an earthquake
Flood Covers repair or replacement of your home in the event of a flood (required for homeowners in certain locations)
Water backup Covers water damage caused by clogged drains or sump pump failure
Scheduled personal property Covers valuable personal belongings, including jewelry, antiques, and more
Business property Covers computers and other home office equipment or equipment from a small business run out of the home
Sports equipment Covers golf clubs, skis, bicycles, and other sports equipment
Identity theft protection Covers legal fees and others costs associated with identity theft or fraud
Green improvement reimbursement Increases coverage to upgrade appliances with more energy-efficient uses after a loss
Electronic data recovery Covers costs from recovering lost computer data
Yard and garden Covers trees, landscaping, and ornamental plantings or adds coverage for lawn equipment
Musical instruments Covers valuable musical instruments

2. Farmers

Farmers is a nationwide home insurance company and a household name. The company’s impressive perks include some uncommon features like claim forgiveness and declining deductibles. Claim forgiveness waives your surcharge when you go five years or more without filing a claim, and the declining deductibles policy means every year your policy is in force, Farmers will reduce your deductible by $50.

Weigh the pros and cons of Farmers below.

Pros and Cons of Farmers

Pros Cons
Pros Cons
Claim forgiveness Fewer endorsements than competitors
Declining deductibles Website lacks some details
Available nationwide

Plans and Pricing of Farmers

We received an instant quote for a new construction, single-family, approximately 2,100-square-foot home in Chicago valued at roughly $330,000. The monthly premium came out to $148.

Plans

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $335,000
Other structures $16,750
Personal property $134,000
Loss of use $33,500
Liability $300,000
Medical payments to others $1,000
Deductible $1,000
Monthly Cost $148

Discounts

Farmers offers several discounts to lower your monthly premium:

  • Claim-free
  • Non-smoking
  • Multi-policy
  • Protective devices
  • New home
  • Roofing materials

Farmers Endorsements

Farmers offers several endorsements to help you round out your coverage.

Endorsements 

Type Description
Type Description
Eco-rebuild Provides extra coverage to rebuild your home with green, energy-efficient materials after a covered loss
Personal articles floater Provides additional coverage for valuables like art, collectibles, or jewelry
Identity Shield Provides coverage if your identity is stolen, up to your policy limit
Contents replacement cost Provides the full replacement cost of stolen or damaged property (not less depreciation)

3. Amica

Amica® is a reliable home insurance company known for high-quality customer service and extensive coverage options, like protections for computers, smartphones, and tablets. Its customer service includes the Contractor Connection program, which links homeowners to vetted, experienced contractors within 24 hours. Homeowners can track repair progress online, and all repairs come with a five-year workmanship guarantee.

Weigh the pros and cons of Amica below.

Pros and Cons of Amica

Pros Cons
Pros Cons
Comprehensive coverage Not available in Alaska and Hawaii
Affordable rates Does not use local agents
Contractor Connection

Plans and Pricing of Amica

We received an instant quote for a single-family, new construction, roughly 2,200-square-foot home in Austin, Texas, valued at approximately $240,000. The monthly premium came out to $186.

Plans

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $420,000
Other structures $42,000
Personal property $315,000
Loss of use $126,000
Liability $500,000
Medical payments to others $5,000
Deductible $2,500
Monthly Cost $186

Discounts

Amica offers a range of discounts:

  • Multi-policy
  • Claim-free
  • E-discount
  • Autopay
  • Loyalty
  • Alarm system
  • Automatic detection devices
  • New and remodeled homes

Amica Endorsements

Amica offers a variety of optional endorsements.

Endorsements

Type Description
Type Description
Personal property replacement Fully covers the replacement cost for stolen or damaged items, instead of depreciated value
Scheduled personal property Offers more extensive protection for valuable items like jewelry or antiques
Automatic dwelling coverage increase Increases coverage limits when the cost to rebuild your home exceeds what your underlying policy allows
Credit card Covers up to $5,000 if your card is used fraudulently
Water backup/sump pump failure Covers damage from water backup and sump pump failure
Computer Covers computers, tablets, smart televisions, and smartphones
Catastrophic Covers damage due to earthquakes and floods
Liability and medical payment Increases liability coverage for legal fees and medical expenses

4. Lemonade

Lemonade is a relatively new home insurance company, but it has already made a big impact with its charitable angle and efficient technology. The provider pools the premiums and donates any leftover money to charity at the end of the year. Its technology-driven approach includes a video function for homeowners to record videos explaining their claims, and nearly a third of Lemonade claims are handled instantly.

Weigh the pros and cons of Lemonade below.

Pros and Cons of Lemonade

Pros Cons
Pros Cons
Convenient mobile app No auto insurance
Almost a third of claims handled instantly Not available nationwide
Charitable Giveback program

Plans and Pricing of Lemonade

We received an automatic quote for a single-family, new construction, roughly 2,200-square-foot home in Eureka, California. The premium came out to $60.75 per month. You can request a personalized quote online to find out how much it would cost to cover your Chicago home.

Plans

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $350,000
Personal property $175,000
Loss of use $105,000
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly Cost $60.75

Discounts

Lemonade offers several discounts to help lower the cost of your home insurance:

  • Fire protection
  • Protective devices
  • Gated community
  • Multi-policy

Lemonade Endorsements

Lemonade offers a variety of optional add-on protections.

Endorsements 

Type Description
Type Description
Scheduled personal property Covers the cost to replace damaged or stolen valuable items like jewelry, art, and furs
Home business Covers equipment necessary to operate a business out of the home
Earthquake Covers the cost of repairing and rebuilding structures after damage from an earthquake
Sewer backup Covers cost of damage to home after sewer backup

Our Conclusion

Each home insurance provider that cracked out top four stands out. Allstate is our choice for best overall, with a 24/7 customer service center and an extensive range of endorsements that allow you to purchase the coverage you need. Amica offers high-quality customer service, including the Contractor Connection program. Farmers offers wallet-friendly benefits like declining deductibles and claim forgiveness, and Lemonade uses a technology-forward approach that simplifies the claim-filing process.

Before you purchase a home insurance policy in Chicago, we recommend getting a free quote from all four providers to compare coverage and pricing. To get quotes from multiple providers in your area, call 855-948-5219 or plug your zip code into the tool below:

Frequently Asked Questions

Who has the cheapest home insurance?

Home insurance rates depend on a variety of factors, including the size and age of your home, the materials it was constructed with, where you live, the deductible you choose, and more. From the companies we’ve evaluated, we’ve found that Lemonade and Costco have some of the cheapest home insurance rates.

What is the highest deductible for home insurance?

According to Smartasset.com, home insurance deductibles can go as high as $100,000.

Is Allstate good for homeowners insurance?

We believe that Allstate is the best overall homeowners insurance company, followed by Farmers, Amica, and Lemonade. Other top options include Liberty Mutual, State Farm, and USAA.

Our Methodology

The This Old House Reviews Team values accuracy, transparency, and trust. With that in mind, we created a thorough, objective rating system to score each home insurance company based on the following six factors:

  • Coverage (30)
  • State availability (7.5)
  • Customer service (15)
  • Technology (12.5)
  • Reputation (20)
  • Additional benefits (15)

Our Reviews Team has a full-time researcher who collects and regularly updates data points from every company to help us compare them on key factors such as coverage, service, and dependability. Read more on our methodology here.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.