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The yearly premiums for homeowners insurance is on the rise in Illinois. This is most especially true in the Windy City of Chicago where the metropolitan’s high real estate rates are often accompanied by skyrocketing insurance premiums. Looking for the best homeowners insurance quotes in Illinois, especially in Chicago, can take you only take you so far in terms of getting a great deal.

Save Money With the Best Homeowners Insurance Quotes in Illinois

If you want to save big bucks on the best homeowners insurance quotes in Illinois from you have got to be proactive about the whole affair. Below are some tips to keeping your yearly premiums to a minimum

Find an Insurance Broker

Going door to door into all these insurance companies’ offices to find the best homeowners insurance quotes in Illinois is not only impractical and exhausting it will also yield you really high premium rates. Finding a good Insurance Broker will give you access to the best deals and because they can represent several companies you will get a pick from several insurance proposals until you find one that perfectly suits you. Not only will you save money, you will save time and energy too.

Keep an Eye for Floaters

Floaters are parts of your property, usually personal belongings that could increase your premium but are now are of little to no value to you. Floaters can be anything from valuable artwork that has already been sold or expensive appliances that you no longer use. Basically anything that is driving up your premiums for no reason. Make sure you aren’t over insured and remove the floaters from your list of assets that need to be protected. Which leads us to our next tip:

Review Your Coverage Annually

This is crucial for two reasons. One, it helps you keep in an eye on floaters preventing you from wasting any more money from unnecessarily high premiums. Second, an annual review of your assets could actually lead you to increase your coverage making sure you are fully covered should anything untoward happen.

Maintain Good Credit

Whether you like it or not, your credit scores are openly available to all insurance companies. Not only is this legal (check out The Fair Credit Reporting Act) it also speaks volume of your eligibility as a homeowner. Your credit behavior is a great indicator of whether you would be a risk to insure or not. Credit ratings greatly influence whether an insurance company would like to offer you a policy or whether they should increase your premiums. Keep your premiums down by cleaning up your credit report.


Now that you’re armed with some basic tips on how to keep your premiums as low as possible you can be sure that when you’re on the hunt for the best homeowners insurance quotes in Illinois you will be able to get the best deal possible.

February 9, 2017 / admin