Top 5 Home Insurance Companies in Vermilion County, IL
Check out the most popular Home Insurance agencies & companies in Vermilion County, IL & compare the best quotes from them.
Cost of Home Insurance in Vermilion County, IL
The average cost of home insurance in Vermilion County, Illinois, is $954.72. As a homeowner in Vermilion County, Illinois, it's important to have homeowners insurance to protect your home and belongings in the event of a covered disaster, such as a fire or severe weather event. Homeowners insurance can also help pay for repairs if an uninsured driver or vandal damages your home. If you have a mortgage on your home, your lender will likely require you to have homeowners insurance. Even if you don't have a mortgage, it's still a good idea to have coverage in place to protect your investment.
Depending on their needs and requirements, Vermilion County residents can consider various types of home insurance coverage. Before doing that, be aware of the kinds of losses your home insurance would cover to safeguard yourself against any potential future financial loss. Refer this article for the factors that are affecting home insurance costs in Vermilion County, Illinois
Below are a few affordable home insurance providers in Vermilion County, IL.
Factors Influencing Home Insurance in Vermilion County, IL:
1. Homeowners insurance rates by coverage levels
2. Homeowners insurance rates by deductibles
3. Homeowners insurance rates by materials used
4. Homeowners insurance rates by the number of claims
Homeowners Insurance in Vermilion County- Rates by Coverage Levels
If you're looking at buying a home in Vermilion County, IL, you'll need to factor in the cost of homeowners insurance. Homeowners insurance rates in Vermilion County are affected by the amount of coverage you need and the amount of risk involved in insuring your home. The more coverage you need, the higher your rates will be. The value of your home determines the amount of risk involved in insuring your home, the amount of coverage you need, and the location of your home. Vermilion County homeowners typically opt for coverage of $200K, paying $1879 towards their home insurance.
Here are a few coverage options offered by the insurance providers in Vermilion County, IL.
Homeowners Insurance in Vermilion County - Rates by Deductibles
The higher your deductible, the lower your premium will be. That's because you're shouldering more of the risk yourself, so the insurance company doesn't have to pay out as much in case of a claim. However, you need to be comfortable paying a large sum out of pocket if you have a high deductible. Otherwise, you're not saving money and just transferring the risk to yourself.
For example, homeowners in Vermilion County who choose a high deductible of $2500 pay $1017, while those who choose a low deductible of $5000 pay $1399 for home insurance.
Homeowners Insurance in Vermilion County - Rates by Materials used
The cost of homeowners insurance in Vermilion County, IL, can be affected by the materials used in the home's construction. For example, a home built with all brick or stone exterior walls will typically cost less to insure than a home with wood frame exterior walls. This is because brick and stone homes are more resistant to fire and weather damage than homes with wood frames.
For instance, homeowners in Vermilion County, Illinois, who build their homes with Masonry and Superior brick materials pay $906.98 and $868.79 in insurance, respectively.
Homeowners Insurance in Vermilion County - Rates by Number of Claims
As the number of claims against a homeowner in Vermilion County, IL, increases, the cost of their insurance policy is likely to increase. This is because each claim against a policyholder raises the risk that the insurance company will have to pay out on the policy, thus raising the overall cost of the policy.
In Vermilion County, Illinois, policyholders with no claims can get coverage for as little as $821.05. Policyholders with one or two claims pay a higher premium, each paying about $1040.64 and $1078.83 for their homeowner's insurance.
Top Home Insurance Companies in Vermilion County, IL
| Home Insurance Company | A.M. Best Financial Strength Rating | Homeowners Insurance Market share |
|---|---|---|
| State Farm | A | 33.07% |
| GEICO | A++ | 5.64% |
| Liberty Mutual | A | 4.93% |
| Progressive | A+ | 4.5% |
| Travelers | A++ | 3.06% |
Top Travelers Home Insurance Agents in Vermilion County, IL
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Hicks Insurance Agency | 909 MAIN ST 47901 |
765-742-9097 | |
| Trans Bay Insurance Agency | 107 N. Market www.transbay.com 47872 |
Email:david@transbay.com |
|
| Budget Insurance Associates Inc | 3990 State Road 38 E Ste 7 47905-9516 |
765-448-4999 Email:ana@budget-insurance.com |
|
| The Phoenix Group Of Wi Inc | 220 S Main St Farmer\u00a0City 61842 |
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| Kane Insurance Llc | 702 BLOOMINGTON RD STE 205 61820 |
217-355-9075 | |
| Kanopy Insurance Center Llc | 1311 S NEIL ST www.kanopyinsurance.com 61820 |
217-373-6856 | |
| Shannon Insurance Agency Inc | 1845 S Us Highway 231 47933 |
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| Primestar Insurance Agency | 114 S Earl Ave 47904 |
(765) 447-6633 | |
| Kansas Preferred Ins Group Llc | 217 1/2 W WILLIAMS www.kpigroup.net 61832 |
217-709-0678 Email:keith@kpigroup.net |
|
| Bradley & Parker Of Fl Inc | 101 S Lincoln St 61853-6010 |
217-586-4352 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Andrew Campbell | 143 N Market St 60957-1221 |
217-379-3221 | |
| David R Mcgrath | 2409 S 18th St 47909 |
(765) 477-0303 | |
| S. Therese Stanford | 915 E Main Street 61832 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Richard Neese | 504 S Grant Ave 47944 |
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| Christine Taylor | 900 S Mattis Ave www.christinetaylor.com 61821-4352 |
217-356-2722 | |
| Frank Markowitz | 437 Vine Street PO Box 363 www.frankmarkowitz.com 47842 |
(765) 832-7766 | |
| Tom Peters | 1016 Orange Street www.tompetersinsurance.com 60942 |
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| Tom Conklin | 46 W Peoria www.conklinsf.com 60959 |
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| John L. Clark | 616 E Champaign Ave 61866 |
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| Dan Rickabus | 2655 Yeager Rd 47906-1337 |
765-463-3554 | |
| Dale Priester | 249 E State Street 47906-3222 |
765-743-9595 | |
| Jim Wiggins | 302 Council Street 47918 |
||
| David Chavez | 601 North Earl Avenue www.chavezagency.com 47904-2712 |
800-303-6294 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Kristie Pearson | 406 E Springfield Road 61910 |
| Homeowners Insurance Agents | Agent Address | Contact Details | |
|---|---|---|---|
| Tara Egglinger | 427 E Main Attica 47918 |
Email:taegglinger@geico.com |
| Progressive | Travelers | Liberty Mutual | |
| Median Home Value ($) | 78,310 | 78,310 | 78,310 |
| Construction year | 1968 | 1941 | 1960 |
| Home Coverage ($) | $300000-$350000 | $200000-$250000 | $250000-$300000 |
| Total Premium ($) | $1040 | $1325 | $1016 |
Vermilion County, IL Multi Policy Discounts by Home Insurance Companies
| Home Insurance Company | Multi Policy Discount (%) |
|---|---|
| Travelers | upto 10% |
| Liberty Mutual | upto 15% |
| GEICO | upto 19% |