Best Springfield Homeowners Insurance Quotes (2025)
Westfield, Travelers, and Chubb offer the best homeowners insurance policies in Springfield, Illinois.
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Home insurance in Springfield costs $2,465 per year for a $300,000 policy with a $1,000 deductible, which is just below the national average. Illinois is prone to flooding and has a higher-than-average number of tornadoes, so although home insurance is fairly affordable, you may need additional coverage to ensure you have sufficient protection.
Standard homeowners insurance includes wind and hail coverage for storms, but it’s probably a good idea to add flood insurance, as Sangamon County has a history of flash flooding.[?]
Here’s what you need to know about finding home insurance in Springfield.
Quick Facts
Springfield homeowners pay $2,545 per year for a $300,000 policy with a $500 deductible.
You might have a separate wind/hail deductible of 1% to 5% of your coverage limit.
Chicago and Waukegan have more expensive rates than Springfield.
Best home insurance companies in Springfield
Finding the best home insurance company is a multi-step process. First, consider your priorities and situation, including your budget, home value, ZIP code, and coverage needs. Next, look at each company’s financial stability, customer service reviews, and pricing.
Here’s a look at Springfield’s leading home insurance companies to help you get started.
Best company for cheap rates: Westfield
Best company for private flood insurance: Travelers
Best company for overall experience: Chubb
Our editorial team analyzed regional and national home insurance companies that sell policies in Springfield to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance companies in Springfield
Westfield is the most affordable insurance company in Springfield, and its rates are a fraction of the city’s average insurance cost of $2,465.
You can also find cheap home insurance from the following companies.
Insurance Company  | Average Annual Premium |
|---|---|
| Westfield | $988 |
| USAA | $1,520 |
| Travelers | $1,535 |
| Allstate | $1,723 |
| Farmers | $1,733 |
| Chubb | $1,806 |
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How much is home insurance in Springfield?
Springfield home insurance costs an average of $2,465 per year, or $205 per month, for a coverage limit of $300,000 with a $1,000 deductible. With a $500 deductible, the rate increases to $2,545 per year, or $212 per month.
But insurance is personal, and your rates might be lower or higher depending on your situation. Your type of homeowners policy, claims history, and home features affect how much you pay. Comparing quotes and discounts from insurance companies can help you find the best deal and avoid overpaying.
Cost of home insurance by dwelling coverage in Illinois
Your dwelling coverage limit is the maximum amount your insurer pays when you file a claim. For example, let’s say you have a coverage limit of $100,000, and your home has $200,000 of damage due to a fire. The insurance company will cover up to $100,000 of the repairs, but you’re responsible for the rest.[?]
A higher coverage limit offers more protection, and it costs more, too. Let’s take a look at the average cost for different dwelling coverage amounts in Illinois.
Coverage Limit | Average Annual Premium |
|---|---|
| $100,000 | $1,299 |
| $200,000 | $1,918 |
| $300,000 | $2,516 |
| $400,000 | $3,088 |
| $500,000 | $3,698 |
Cost of homeowners insurance by deductible amount
Your insurance deductible is the amount you’re responsible for paying when you file a claim. Regardless of the claim size or reason, you always have to pay it.[?]
For example, let’s say your home has $5,000 in damage due to a storm, and you file an insurance claim. You have a $500 deductible, so after you pay your $500, the insurer will cover the remaining $4,500 of repairs.
A lower deductible is cheaper for you when you file a claim. But it increases your annual premium. A higher deductible saves you more day to day but is more expensive when you need to file a claim.
Deductible Amount | Average Annual Premium |
|---|---|
| $500 | $2,545 |
| $1,000 | $2,465 |
Average cost of home insurance in other cities in Illinois
Springfield is a medium-sized city in Illinois — it’s not one of the biggest or smallest areas in the state. The same is true of Springfield’s average home insurance costs.
Homeowners in some cities in Illinois have lower insurance costs, while others in different areas have higher costs. Insurers take into account crime rates, weather patterns, and how close you are to emergency services when setting rates. Springfield’s smaller size keeps rates lower, but the city’s higher-than-average crime rate offsets the potential savings.
Here’s how the cost of home insurance in Springfield compares to other cities in the state.
City | Average Annual Premium |
|---|---|
| Aurora | $2,408 |
| Berwyn | $2,520 |
| Chicago | $2,945 |
| Cicero | $2,539 |
| Des Plaines | $2,379 |
| Joliet | $2,596 |
| Naperville | $2,284 |
| Normal | $2,386 |
| Springfield | $2,465 |
| Waukegan | $2,644 |
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What to know about owning a home in Springfield
Homes in Springfield are affordable, and the cost of living is low. Home insurance costs don’t follow the same trend, though. Rates are similar to the national average.
Plus, you might need some additional coverage. This includes:[?]
Springfield home insurance FAQs
Home insurance protects your property and helps ensure you can afford repairs. The answers to these common questions can help you find the best coverage in Springfield.
Home insurance in Springfield costs an average of $205 per month for $300,000 of dwelling coverage with a $1,000 deductible. Your total cost will be higher if you buy a separate flood insurance policy from the National Flood Insurance Program or a private insurer. It’s an extra expense, but experts recommend the additional protection for homeowners in the area.
Westfield offers the cheapest homeowners insurance in Springfield. The average rate is $988 per year, or $82 per month.
The 80% rule is an insurance recommendation. It states that homeowners need a policy that covers at least 80% of their home’s total replacement cost. Insurers might deny your claim if you don’t have enough coverage.
In Springfield, it costs $2,465 per year to insure a $300,000 home with a $1,000 deductible. It’s slightly cheaper with a $500 deductible — $2,545 per year — but not much.
Comparing home insurance quotes from at least three insurers is one of the easiest ways to reduce your home insurance premium. Companies have different rates for the same coverage, and shopping around can help you find the best deal. You can also increase your deductible, bundle policies, and ask about discounts.
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