According to Value Penguin, the average cost of renters insurance in Illinois is $171 a year. This breaks down to $14.25 a month. However, the price of a renters insurance policy will vary. This depends on several factors, including the coverage and deductible selected.

Factors that will affect the price of your insurance policy are but is not limited to:


Insurance Navy will run your ZIP code to determine the crime rate in your area. We will then use it to determine the risk of theft. The higher the risk, the higher your insurance cost.


Renters insurance is for apartments priced lower than renters insurance for houses and condominiums. This is because apartments are statistically less prone to theft. Insurance for larger buildings is also lower than insurance for buildings with only a few units.


If you own a dog, make sure your insurance policy covers animal liability. If your dog bites someone, they are likely to sue you. Some breeds can increase your insurance costs. While some companies will even refuse to insure you if you own certain breeds.


Increasing coverage amounts or adding endorsements will increase the cost of the policy.

Deductible amount

A higher deductible will decrease your insurance premium. A deductible is the out-of-pocket expense the policyholder agrees to pay before the insurance company pays the rest of the claim.