The Best Cheap Renters Insurance in Illinois (2024)

State Farm has the cheapest renters insurance in Illinois, at $10 per month for $30,000 of personal property coverage on average. That's less than half the cost of the Illinois state average.

State Farm has a strong reputation for customer satisfaction. The company gets fewer complaints than an average company its size according to the National Association of Insurance Commissioners (NAIC). State Farm also scored above average on a recent J.D. Power survey that measured customer satisfaction for renters insurance customers.

State Farm lets you customize your renters insurance policy with several coverage add-ons. For example, you can buy extra coverage to protect yourself against water backup and flooding. You can also increase your liability limits, increase coverage limits for valuable items like art and jewelry, and add coverage for identity theft.

However, the company only offers a few discount opportunities. You can take advantage of a bundling discount when you buy two types of insurance, such as renters and auto. You can also qualify for a discount by installing smoke and burglar alarms.

Lemonade has the cheapest rates for renters insurance in Chicago, at $12 per month on average for $30,000 of coverage for your stuff. Lemonade is also a good choice if you only need basic coverage and speed and convenience rank high on your list of priorities. You can buy a policy or file a claim in just minutes.

Lemonade has a digital-first approach to selling insurance and filing claims. That makes it a good choice if you want a fast and convenient experience but only need basic coverage. However, you may be better off with a competitor if you prefer working with a local insurance agent.

Lemonade has a mixed record for customer service. The company scored above average on customer satisfaction for renters insurance according to a recent J.D. Power survey. However, Lemonade gets far more complaints than an average company its size. Your experience will depend on how you feel about working with an online-first company.

Amica gets 67% fewer complaints than an average company its size. That makes Amica the best company for customer service in Illinois. Choosing a company with a strong reputation for customer satisfaction can save you a headache when you file a claim.

In Illinois, you'll pay Amica an average of $17 per month for $30,000 of coverage to replace your personal property. That's 26% below the state average. You can lower your monthly rate even further by taking advantage of one or more discounts.

You can save by bundling your renters and auto insurance, setting up automatic payments and agreeing to get your policy and billing information online. Amica also offers discounts if you keep your policy for two years and you go at least three years without filing a claim.