Grayslake, IL Homeowners Insurance Rate Quotes!

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Shopping for Grayslake homeowners insurance is never fun but if you are in the market for a new policy, we can help make the process quick, simple and stress-free. GetHomeInsuranceQuotes.com has licensed agents just waiting to help you find a great homeowners policy at an affordable price.

In Illinois, we provide premium quotes from 12 different nationwide insurers so you can easily compare coverage levels as well as the cost. All of the insurance companies that we work with are well-reviewed national companies that are highly ranked by A.M. Best. You can be confident that they will be there in you time of need.

Grayslake is a small but lovely town, roughly 216,336 people live here which breaks down to 13,638 households. The median home price in Grayslake is a very affordable $219,400. Homeowners insurance is a bargain in Illinois with the average annual premium for a standard homeowners policy coming in around $1,144 putting it below the national average of $1,311.

GetHomeInsuranceQuotes.com allows you to shop for a new policy without leaving the comfort of your Grayslake home. We shop up to 12 companies and evaluate the quotes to help you find not only the lowest price but also the best coverage for your needs. We make sure that all discounts or credits that you are qualified for are applied to your policy.

Our online quoting process is hassle free, we are able to compare the most competitive companies which helps you finalize a new homeowners policy quickly and easily online or over the phone.

All of our policies not only protect your home but your possessions as well. Our standard policies also protect any detached structures on your property such as sheds, barns, detached garages and other outbuildings. Liability, loss of use and medical payments are also covered with our homeowners insurance.

If the cost of your homeowners insurance has been headed up over the last few years it may be time to shop your coverage. Thousands of homeowners like you use our quoting process to help find the best rate or coverage and we will make sure that you have a complete understanding of your new policy and what it covers. . We will also do a full discount review to make sure you are receiving all available discounts.

For additional help, please visit our homeowners insurance blog for helpful articles, tips and customer related questions. If you are ready to start shopping for a new policy, simply enter your zip code now and we can get started on comparing coverage. If you prefer to call us, please call 1-855-976-2656

Compare Homeowners Insurance Rates in Grayslake, IL!

Enter your Zip Code:    

Get up to 12 competitive Grayslake, IL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Grayslake, IL rates all in one place!

Average Rates Nearby Grayslake

Are you looking for homeowners insurance in a city near Grayslake? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Grayslake, IL

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Grayslake.

60030,     

Grayslake, IL Home Insurance Average Premiums

Local Grayslake, IL home insurance quotes comparison

$605 /yr.

Shows Grayslake's lowest average rates with discounts applied.

For the city of Grayslake, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$605 /yr.
Average Coverage:$855 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1155 /yr.

What is the average home insurance cost for a home in Grayslake, IL?

  • • The average homeowners insurance premium paid annually for a home in Grayslake is around $855 per year.

What does it cost on average per month for home insurance in Grayslake, IL?

  • • Homeowners in Grayslake pay an average cost per month around $71.00 for insurance coverage.

Grayslake, IL Coastal Wind, Hail & Flood Information

Grayslake is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.

Flood Zone Notice: The beautiful coastal city of Grayslake is know for it's beautiful beaches and waterways. Because Lake County (FIPS: 17097) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in Grayslake, IL.

Grayslake, IL - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $299,648 $281,392
February $299,357 $285,494
March $299,867 $290,458
April $300,762 $295,067

Homeowners insurance will help cover the cost to repair or replace your Grayslake home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

  • Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Grayslake
  • Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
  • Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
  • Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
  • Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Enter your Zip Code:    

Get up to 12 competitive Grayslake, IL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Grayslake, IL rates all in one place!

Saving Money Tips on Grayslake Home Insurance

A great way to save money on Grayslake homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

  • Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
  • Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
  • Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
  • Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Grayslake area? Check out what homeowners are paying on average for Illinois homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
796 ft. This is the average home elevation in Grayslake, IL

» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Grayslake, Illinois.

A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.

Call Now for Flood Insurance Quotes: 888-620-1954!

Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.

It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.

To get online quotes on your home and compare rates on home insurance premiums in Grayslake, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Lake County.

Illinois Homeowners Insurance News & Information

  • How Do Renovations Impact Home Insurance? (2024 Guide) Posted on Friday 15th March, 2024

    Making renovations to your home can have a major impact on your insurance coverages as your risk profile changes. Adding square footage, putting in a swimming pool, outbuilding or upgrading your electrical may change the value of your home which could leave your underinsured.  Major upgrades such as adding square footage to your home or […]

  • Florida Lawmakers May Allow Takeout Offers to Citizens’ Policyholders Posted on Wednesday 13th March, 2024

    Lawmakers in Florida are moving closer to allowing specific insurer types to make offers to policyholders currently with Citizen’s Property to insure their vacation or second home.  SB 1716 this week cleared the Senate’s Fiscal Policy Committee for the takeout offers after the Senate’s Banking and Insurance Committee approved the measure earlier this month.  This […]

  • Florida has 7 New Home Insurance Companies Entering the Market Posted on Friday 1st March, 2024

    Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute.  The Insurance Information Institute is hopeful that the new insurance […]

  • 2024 Average Homeowners Insurance Rate at $2,777 per year  Posted on Tuesday 20th February, 2024

    A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]

  • NC Residents Speak Against 42% Rate Increase Requested by Rate Bureau Posted on Tuesday 13th February, 2024

    During a recent public comment session held by the North Carolina Department of Insurance, dozens of North Carolina residents spoke out against an average rate increase of 42% that the North Carolina Rate Bureau is requesting.  The Rate Bureau represents insurance companies in the state and earlier this year requested average rate increases of 42%. […]

Grayslake, IL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Grayslake so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Grayslake, IL?

- The average square footage in Grayslake is around 1,425 Sq. Ft. which would cost you around $219,400 to replace the home if you base the home on the price to build per square foot of $154.

Minimum Replacement Cost Total: $219,400

Location: Grayslake, Illinois (Lake County)

Average Building Cost Per Square Foot in Grayslake: $154 (low end)

Average Square Footage in Grayslake: 1,425 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$154$219,400
Some Additional Upgrades$193$274,250
Major Home Updates or Advancements$231$329,100

The dwelling coverage is calculated by the average cost per square foot ($154) in Grayslake, Illinois times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $481,250 (Media price to build of $193 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.