Key stats at a glance: The average Illinois home insurance premium is $2,630/year for $300K dwelling coverage vs. a $2,543 national average (Insure.com, 2026). Full coverage auto insurance in Illinois averages $1,941/year (Insurify, August 2026). Illinois home premiums rose about 50% from 2021 to 2024 — the second-sharpest increase in the nation (Consumer Federation of America). State Farm alone paid $558 million in Illinois hail claims in 2025 (State Farm Newsroom).
This page collects the most current verifiable statistics on home and auto insurance in Illinois — average premiums, how fast rates are moving, which carriers dominate the market, and the severe-weather losses driving it all. Every figure is attributed inline to its source, and full source links are listed at the bottom. It was compiled in August 2026 by Better Choice Insurance Group, an independent insurance agency in St. Charles, Illinois.
Home Insurance Costs in Illinois
According to Insure.com's 2026 rate analysis (compiled with Quadrant Information Services from more than 37.9 million quotes nationwide), the average Illinois homeowners premium is $2,630 per year for a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible. That is slightly above the national average of $2,543 for the same coverage profile.
That "slightly above average" position is new for Illinois. Per 2021 NAIC data published by the Insurance Information Institute, the average Illinois HO-3 homeowners premium was $1,223 — well below the national average of $1,411 that year. Illinois has gone from a comfortably below-average home insurance state to an at-or-above-average one in roughly four years.
| Measure | Illinois | U.S. Average | Source & Data Year |
|---|---|---|---|
| Avg. home premium, $300K dwelling / $100K liability / $1K deductible | $2,630/yr | $2,543/yr | Insure.com / Quadrant, 2026 |
| Avg. HO-3 homeowners premium | $1,223/yr | $1,411/yr | NAIC (via III), 2021 |
| Avg. Illinois home premium (all policies quoted) | $3,559/yr | — | Insurify, reported by WBEZ, March 2026 |
Note that averages differ by methodology: NAIC figures are actual premiums written across all policy sizes, while Insure.com and Insurify model specific coverage profiles from quote data. The direction is consistent across all three: Illinois home insurance is substantially more expensive than it was in 2021. For a deeper cost breakdown, see our guide to home insurance costs in Illinois.
Auto Insurance Costs in Illinois
Per Insurify quote data updated August 17, 2026, Illinois drivers pay an average of $162 per month ($1,941 per year) for full coverage and $83 per month ($991 per year) for liability-only coverage. Insurify's overall Illinois average of $122 per month runs below its national overall average of $142 per month — auto insurance remains one area where Illinois is cheaper than the country as a whole.
| Coverage Type | Illinois Avg. Monthly | Illinois Avg. Annual | Source |
|---|---|---|---|
| Full coverage | $162 | $1,941 | Insurify, Aug 2026 |
| Liability-only | $83 | $991 | Insurify, Aug 2026 |
| Overall average (vs. $142/mo national) | $122 | — | Insurify, Aug 2026 |
Illinois law sets the floor for what drivers must carry. Per the Illinois Department of Insurance's Auto Insurance Shopping Guide, the required minimums are $25,000 bodily injury per person, $50,000 bodily injury per accident, and $20,000 property damage per accident (commonly written 25/50/20), plus uninsured motorist bodily injury coverage of $25,000/$50,000. Full details in our Illinois auto insurance requirements guide.
How Fast Rates Are Rising
Home and auto are moving in different directions in Illinois right now.
Home: among the fastest-rising in the nation
- The Consumer Federation of America's 2025 report Overburdened found Illinois home insurance premiums rose roughly 50% between 2021 and 2024 — from about $2,000 to about $3,000 per year — the second-sharpest increase of any state. Nationally, the same report found a 24% average increase, with American homeowners paying an estimated $21 billion more in premiums in 2024 than in 2021.
- WBEZ Chicago reported in March 2026 that State Farm raised Illinois homeowners rates by more than 27% in summer 2025, and that Allstate filed increases totaling almost 9% on average for more than 200,000 Illinois policyholders.
- Per Insurify data reported by WBEZ, U.S. home insurance rates climbed about 12% in 2025 and are projected to rise another 4% in 2026, with Illinois rates expected to climb about 5% in 2026.
- The Insurance Information Institute, as cited in the same WBEZ report, put insured losses from U.S. natural catastrophes at an average of $100 billion per year from 2023 to 2025, up from roughly $15 billion a year a decade earlier.
Auto: cooling off after the 2023–2024 spike
- ValuePenguin's State of Auto Insurance report put national auto rate increases at 12% in 2023 and 16.5% in 2024, slowing to a projected 7.5% in 2025.
- According to Illinois SERFF rate filings compiled by Insurance Geek's Illinois rate tracker, State Farm cut Illinois auto rates by roughly 15% combined across filings effective December 2024 into 2025, and Progressive filed Illinois decreases of roughly 3–8% effective early 2026 — while Allstate's Illinois auto filings through 2024 totaled increases of about 11–12%.
The practical takeaway: carriers are not moving together. When the largest insurer in the state cuts auto rates while others raise them, the "cheapest carrier" ranking reshuffles — which is why re-shopping an out-of-line renewal pays.
Want to know where your own rate falls against these averages? Better Choice Insurance Group is an independent agency in St. Charles, IL. When a renewal comes in out of line, we re-shop the same coverage across dozens of carriers — free, no obligation.
Who Insures Illinois: Market Share
The Illinois Department of Insurance's 2024 Property and Casualty Market Share Report (published May 2025) shows Illinois insurers wrote $6.33 billion in homeowners multiple peril premium and $5.68 billion in private passenger auto liability premium (plus $5.33 billion in private passenger auto physical damage) in 2024. The figures below are individual writing companies as reported by IDOI; large groups such as State Farm, Allstate, and Country Financial write through multiple companies.
Top 10 homeowners insurers in Illinois (2024)
| Rank | Company | IL Market Share | IL Direct Premiums Written |
|---|---|---|---|
| 1 | State Farm Fire & Casualty Co. | 32.48% | $2,056,310,925 |
| 2 | Allstate Vehicle & Property Ins. Co. | 7.89% | $499,608,723 |
| 3 | Country Mutual Ins. Co. | 4.82% | $304,970,907 |
| 4 | Travco Ins. Co. (Travelers) | 3.83% | $242,537,723 |
| 5 | Country Preferred Ins. Co. | 3.41% | $215,902,462 |
| 6 | Erie Ins. Co. | 2.37% | $150,066,855 |
| 7 | Homesite Ins. Co. of FL | 2.34% | $148,078,835 |
| 8 | American Family Mutual Ins. Co. S.I. | 2.28% | $144,394,411 |
| 9 | Auto-Owners Ins. Co. | 2.24% | $141,543,852 |
| 10 | Farmers Ins. Exchange | 1.97% | $125,004,210 |
Top 10 private passenger auto liability insurers in Illinois (2024)
| Rank | Company | IL Market Share | IL Direct Premiums Written |
|---|---|---|---|
| 1 | State Farm Mutual Automobile Ins. Co. | 28.72% | $1,630,645,557 |
| 2 | Progressive Universal Ins. Co. | 8.08% | $458,771,914 |
| 3 | Allstate Fire & Casualty Ins. Co. | 7.81% | $443,478,033 |
| 4 | Progressive Northern Ins. Co. | 5.35% | $304,026,861 |
| 5 | Country Preferred Ins. Co. | 4.74% | $269,275,799 |
| 6 | GEICO Secure Ins. Co. | 2.59% | $146,998,170 |
| 7 | GEICO Casualty Co. | 2.43% | $137,750,805 |
| 8 | American Family Ins. Co. | 1.88% | $106,818,807 |
| 9 | Standard Fire Ins. Co. (Travelers) | 1.85% | $105,064,748 |
| 10 | Country Mutual Ins. Co. | 1.70% | $96,432,564 |
The same IDOI report shows why home rates keep climbing: Illinois homeowners insurers incurred $4.59 billion in direct losses against $5.90 billion in earned premium in 2024 — a statewide pure direct loss ratio of 77.74%, before any expenses. State Farm Fire & Casualty's Illinois homeowners loss ratio was 93.31% that year. Private passenger auto liability, by contrast, ran a healthier 67.93% statewide loss ratio, consistent with the flattening auto rate environment.
Weather & Claims Drivers
Severe weather is the single biggest Illinois-specific force behind home insurance pricing. Figures below are from State Farm's newsroom (April and June 2026 releases), which cites confirmed tornado counts and storm reports for Illinois:
- State Farm paid more than $5.6 billion in hail claims nationally in 2025. Illinois ranked third in the nation at $558 million — behind only Texas ($1.4 billion) and Missouri.
- Illinois hail claims paid by State Farm by year: $263 million (2022), $906 million (2023), $899 million (2024), $558 million (2025) — ranking Illinois 4th, 3rd, 2nd, and 3rd nationally in those years.
- Illinois recorded 121 confirmed tornadoes in 2023, a record 142 in 2024, and 126 in 2025, against a long-term average of 54 per year. Through June 25, 2026, there were 210 preliminary tornado reports across Illinois.
- Through June 19, 2026, State Farm had received nearly 50,000 severe-weather home and auto claims in Illinois — homeowner claims running 47% above the 10-year average and auto claims 101% above the long-term average.
- Severe wind reports in Illinois: 716 in 2024 and 656 in 2025; severe hail reports: 216 in 2024 and 167 in 2025.
| Year | IL Hail Claims Paid (State Farm) | IL National Rank | Confirmed IL Tornadoes |
|---|---|---|---|
| 2022 | $263 million | 4th | — |
| 2023 | $906 million | 3rd | 121 |
| 2024 | $899 million | 2nd | 142 (record) |
| 2025 | $558 million | 3rd | 126 |
Table source: State Farm Newsroom, 2026. Figures reflect State Farm claims only — one carrier's book, not statewide industry totals — but State Farm insures roughly a third of Illinois homes (IDOI 2024), so its claim experience is a meaningful proxy. Tornado counts as cited by State Farm from official storm data.
More on how storms translate into premiums in our guide to Illinois weather and home insurance.
What This Means for Kane County Homeowners
Better Choice Insurance Group is based in St. Charles, and most of the households we serve are in Kane County and the western Chicago suburbs. A few observations from an independent agency's vantage point — this section is analysis, not new statistics:
First, the stakes are higher here than the state averages suggest. The median owner-occupied home in Kane County is worth $352,100, per the U.S. Census Bureau's 2024 American Community Survey (via Census Reporter) — and rebuild-cost inflation means dwelling coverage on a typical Kane County home has been climbing even in years when the homeowner changed nothing. When a carrier applies a 27% statewide increase, as happened in 2025, on top of an inflation-adjusted dwelling limit, the dollar impact on a Fox Valley homeowner is substantial.
Second, the hail and tornado numbers above are not abstract. The same storm systems that made Illinois a top-three hail claims state pass directly through Kane County, and roof claims are the main event in most local home losses. Carriers increasingly price roofs by age and material, and some now apply separate wind/hail deductibles. Knowing your roof's age — and documenting its condition — matters more in 2026 than it ever has.
Third, the market-share tables explain why shopping works. With auto rates falling at some large carriers while home rates rise nearly everywhere, and with dozens of companies each holding a slice of the Illinois market, the spread between the best and worst quote for the same household is wide right now. As an independent agency, we re-shop out-of-line renewals across dozens of carriers rather than defending any single company's rate. If your renewal jumped, request a free comparison or call (847) 908-5665 — if your current carrier is still the best value, we'll tell you that too.
Frequently Asked Questions
How much is home insurance in Illinois?
According to Insure.com's 2026 analysis of quote data compiled with Quadrant Information Services, the average Illinois home insurance premium is $2,630 per year for a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible — slightly above the national average of $2,543 for the same coverage. For context, 2021 NAIC data reported an average Illinois HO-3 premium of $1,223, well below that year's national average of $1,411, which illustrates how fast Illinois premiums have climbed.
How much is car insurance in Illinois?
Per Insurify quote data updated August 2026, full coverage car insurance in Illinois averages $162 per month (about $1,941 per year) and liability-only coverage averages $83 per month (about $991 per year). Insurify's overall Illinois average of $122 per month runs below its national average of $142 per month.
Why are Illinois insurance rates going up?
Severe weather is the biggest Illinois-specific driver. State Farm reported paying $906 million in Illinois hail claims in 2023, $899 million in 2024, and $558 million in 2025, and cited 142 confirmed Illinois tornadoes in 2024 — a state record — versus a long-term average of 54 per year. The Consumer Federation of America's 2025 report found Illinois home insurance premiums rose about 50% from 2021 to 2024, the second-sharpest increase in the nation, and WBEZ reported that State Farm raised Illinois homeowners rates by more than 27% in summer 2025. Rising national catastrophe losses and higher rebuilding costs also feed into rates.
What are the minimum car insurance requirements in Illinois?
Per the Illinois Department of Insurance, Illinois requires liability limits of at least $25,000 in bodily injury coverage per person, $50,000 per accident, and $20,000 in property damage coverage per accident (25/50/20), plus uninsured motorist bodily injury coverage of $25,000 per person and $50,000 per accident.
Who is the largest home insurer in Illinois?
According to the Illinois Department of Insurance's 2024 Property and Casualty Market Share Report, State Farm Fire & Casualty Co. is the largest homeowners insurer in Illinois with a 32.48% market share, followed by Allstate Vehicle & Property Insurance Co. at 7.89% and Country Mutual Insurance Co. at 4.82%. In auto, State Farm Mutual Automobile Insurance Co. leads private passenger auto liability with a 28.72% share.
Sources
- Insurance Information Institute — Facts + Statistics: Homeowners and renters insurance (NAIC average premiums by state, 2021): iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance
- Insure.com — Average homeowners insurance cost in Illinois (2026, with Quadrant Information Services): insure.com/home-insurance/average-cost-of-homeowners-insurance-in-illinois/
- Insurify — Average cost of car insurance in Illinois (updated August 2026): insurify.com/car-insurance/illinois/average-cost/
- ValuePenguin (LendingTree) — State of Auto Insurance 2025: valuepenguin.com/state-of-auto-insurance-2025
- Consumer Federation of America — "Overburdened: The Dramatic Increase in Homeowners Insurance Premiums" press release (2025): consumerfed.org/press_release/new-report-finds-american-homeowners-faced-24-increase-in-homeowners-insurance-premiums-over-the-past-three-years/
- WBEZ Chicago — "Climate change is fueling a surge in Illinois home insurance premiums" (March 27, 2026; citing Insurify, CFA, III, and carrier filings): wbez.org/environment/2026/03/27/climate-change-surge-home-insurance-rates-illinois
- Illinois Department of Insurance — 2024 Property and Casualty Market Share Report (May 2025): idoi.illinois.gov/content/dam/soi/en/web/insurance/reports/reports/2024-pc-market-share-report.pdf
- Illinois Department of Insurance — Auto Insurance Shopping Guide (minimum liability and uninsured motorist requirements): idoi.illinois.gov/consumers/consumerinsurance/auto-insurance-shopping-guide.html
- State Farm Newsroom — "State Farm Paid Over $5.6 Billion in Hail Claims in 2025" (April 2026): newsroom.statefarm.com/state-farm-paid-over-56-billion-in-hail-claims-in-2025/
- State Farm Newsroom — "Data Shows Illinois Tornado, Hail Risk Rising" (June 2026): newsroom.statefarm.com/state-farm-data-shows-illinois-severe-weather-trend-is-accelerating/
- Insurance Geek — Illinois Auto Insurance Rate Tracker (compiled from Illinois SERFF rate filings): insurancegeek.com/blog/illinois-auto-insurance-rate-tracker/
- U.S. Census Bureau — 2024 American Community Survey 1-year estimates, Kane County, IL (via Census Reporter): censusreporter.org/profiles/05000US17089-kane-county-il/
Related Reading
- Home Insurance Cost in Illinois 2026
- Illinois Auto Insurance Requirements
- Illinois Weather & Home Insurance
- Your Renewal Went Up: What to Do Next
- How to Lower Auto Insurance Rates in Illinois
About the author
Evan Larson — Licensed Insurance Agent at Better Choice Insurance Group, an independent agency in St. Charles, Illinois licensed in 14 states.
Last reviewed: August 2026