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Compare multiple home insurance rates for your home in Mount Prospect just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 21,949 neighbors looking to save on their home insurance policy in the local 60056 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 60056. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Illinois rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Mount Prospect, IL home insurance rates today!
For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Mount Prospect, IL
60056 Home Insurance Average Premiums
For the 60056, 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) | $568 /yr. |
Average Coverage: | $818 /yr. |
2600 sq. ft. or higher (all discounts applied) | $1118 /yr. |
What is the average home insurance cost for a home in 60056?
- • The average homeowners insurance premium paid annually for a home in 60056 is around $818 per year.
What does it cost on average per month for home insurance in 60056?
- • Homeowners in 60056 pay a monthly average cost per month around $68.00.
What kind of discount could I get if I combine my home and auto insurance together in 60056?
- • Autoowners in 60056 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.
For shopping home insurance rates within the Mount Prospect area, check out other zip codes nearby 60056.
Review average rates in another zip code:
60056 homeowners insurance rates
Home Replacement Cost Coverage in 60056
Average Building Cost Per Square Foot in 60056: $154
Location: Mount Prospect, Illinois (Cook County)Average Square Footage in 60056: 2,182 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 60056 before you start any project. Mount Prospect homeowners pay on average around $154 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 60056 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Here is how you determine your replacement cost. If we take an average home in 60056 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,182 sq. ft. and the average cost to rebuild the home in this area is around $154 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Mount Prospect area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.
Home Improvement Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
---|---|---|---|
Basic Home Features | $154 | 2,182 | $336,100 |
Additional Upgrades & Added Features | $193 | 2,182 | $420,125 |
Major Home Updates or Advancements | $231 | 2,182 | $504,150 |
It's important to understand that when you estimate your replacement cost of your home in the 60056 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.
Best Homeowners Insurance Agencies in 60056
Allstate Insurance - Larry J. Wasmund
Address: 601 West Golf Road Suite 102 Mount Prospect, IL 60056Phone: (847)718-9400
Website:
Allstate Insurance - Michael Ratajczak
Address: 259 E Rand Road #100 Mount Prospect, IL 60056Phone: (847)255-3609
Website: www.allstatetoolkit.com/clicks_rate.asp?MB_ID=5847
Best Home & Auto Insurance Agencies in 60056
Steve O'Neill-Farmers Insurance
Address: 950 N Elmhurst Rd Mt Prospect, IL 60056Phone:
Website: http://www.farmersagent.com/soneill/
Info:
Farmers Insurance Group
Address: 800 W Central Rd, #118 Mt Prospect, IL 60056Phone:
Website: http://www.farmers.com
Info: Auto Insurance Quotes | Home, Life & Car Insurance | Farmers Insurance
Home, life and auto insurance quotes from Farmers Insurance Group. With discounts on car insurance and fast claim service its no wonder over 4000 customers a day switch to Farmers. Farmers Insurance group, auto insurance quotes, car insurance, auto insurance, automobile insurance, rate quote, business insurance, financial insurance, home insurance, mutual funds, life insurance, motorcycle insurance, farmers agent, renters insurance,
Joseph D'Angelo-Farmers Insurance
Address: 950 N Elmhurst Rd, Ste 101 Mt Prospect, IL 60056Phone:
Website:
Info:
Allstate Insurance Companies - Mount Prospect- Sales Offices
Address: 259 E Rand Rd, #100 Mt Prospect, IL 60056Phone:
Website: http://www.allstate.com
Info: Allstate Car Insurance Quotes, Home Insurance, Financial Products and More
Allstate auto insurance quotes and anonymous ballpark estimates to help protect you, your family and your automobile. Insurance and financial products include car insurance, home insurance, business insurance, life insurance, IRAs and annuities. car insurance, auto insurance quote, vehicle insurance, free online insurance quotes, rate quote, life insurance, annuities, mutual funds, IRAs, allstate insurance agent, allstate.com
Farmers Insurance
Address: 15 N Elmhurst Ave Mt Prospect, IL 60056Phone:
Website: http://www.farmers.com
Info: Auto Insurance Quotes | Home, Life & Car Insurance | Farmers Insurance
Home, life and auto insurance quotes from Farmers Insurance Group. With discounts on car insurance and fast claim service its no wonder over 4000 customers a day switch to Farmers. Farmers Insurance group, auto insurance quotes, car insurance, auto insurance, automobile insurance, rate quote, business insurance, financial insurance, home insurance, mutual funds, life insurance, motorcycle insurance, farmers agent, renters insurance,
Housing Demographics for 60056
Population Review for 60056 Zip Code
For the city of Mount Prospect, the population within 60056 has increased to over 59,329 residents in population size. The current population total is 57,177. We have broken down the population based on race below. In 60056, there are over 28089 in male population and 29088 females.
Population | Values |
---|---|
Total Population | 57,177 |
White Population | 37973 |
Black Population | 1517 |
Hispanic Population | 9191 |
Asian Population | 8327 |
Hawaiian Population | 28 |
Indian Population | 386 |
Other Population | 4553 |
Male Population | 28089 |
Female Population | 29088 |
Population Estimate | 59329 |
Household Data for 60056
The average number of homes in 60056 is around 21,949, there are an average of 2.60 per household. The average house value according to local real estate values is around $336,100. Please review the following demographics below for average income and media age.
Housing / Income Data | Values |
---|---|
Households Per Zipcode | 21,949 |
Persons Per Household | 2.60 |
Average House Value | $336,100 |
Income Per Household | $92736 |
Median Age | 40.7 |
Median Age Male | 39.5 |
Median Age Female | 42.1 |
60056 Details | Values |
---|---|
State | IL |
State Full Name | Illinois |
City Type | P |
City Alias Abbreviation | MT PROSPECT |
Area Code | 847/224/630/708/773 |
City | Mount Prospect |
City Alias Name | MOUNT PROSPECT |
County | Cook |
County FIPS | 031 |
State FIPS | 17 |
Time Zone | 6 |
Day Light Saving | Y |
MSA | 1602 |
PMSA | 1600 |
CSA | 176 |
CBSA | 16980 |
CBSA_DIV | 16984 |
CBSA_Type | Metro |
CBSA_Name | Chicago-Naperville-Elgin, IL-IN |
MSA_Name | Chicago-Gary-Kenosha, IL-IN-WI CMSA |
PMSA_Name | Chicago, IL PMSA |
Region | Midwest |
Division | East North Central |
MailingName | Y |
Economic & Growth Review | Values |
---|---|
Number Of Businesses | 1523 |
Number Of Employees | 16286 |
Business First Quarter Payroll | 233100 |
Business Annual Payroll | 1010147 |
Business Employment Flag | |
Growth Rank | 0 |
Growth Housing Units 2003 | |
Growth Housing Units 2004 | |
Growth Increase Number | 0 |
Growth Increase Percentage | 0.0 |
Metropolitan Details | Values |
---|---|
CBSA Population | 9461105 |
CBSA Division Population | 7147982 |
Congressional District | 03|05|08|09 |
Congressional LandArea | 237.18|95.71|205.52|105.35 |
Delivery Residential | 22819 |
Delivery Business | 1181 |
Delivery Total | 24397 |
Preferred Last Line Key | W14041 |
Classification Code | |
Multi-County | |
CSA Name | Chicago-Naperville, IL-IN-WI |
CBSA_DIV_Name | Chicago-Naperville-Schaumburg, IL |
City State Key | W14041 |
Land Area | 10.866000 |
Water Area | 0.005000 |
City Alias Code | |
City Mixed Case | Mount Prospect |
City Alias Mixed Case | Mount Prospect |
Box Count | 202 |
SFDU | 13493 |
MFDU | 8238 |
State ANSI | 17 |
County ANSI | 031 |
ZIP Intro | |
Alias Intro | |
Facility Code | P |
City Delivery Indicator | Y |
Carrier Route Rate Sortation | D |
Finance Number | 165382 |
Unique ZIP Name | |
SSA State County Code | 14141 |
Medicare CBSA Code | 16984 |
Medicare CBSA Name | Chicago-Naperville-Evanston, IL |
Medicare CBSA Type | Metro |
Market Rating Area ID | 1 |
County Mixed Case | Cook |
Illinois Homeowners Insurance News & Information
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Economists Top 5 Housing Predictions for 2025 Posted on Monday 6th January, 2025
Housing costs are currently sky-high, regardless of whether you are renting or in the market to buy a home. According to the latest data from the U.S Cenus, the median sales price for a single-family home was $437,300, which is up from $426,800 a month prior. On the rental front, the median price for rent […]
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Do homeowners insurance policies have loopholes? Posted on Monday 30th December, 2024
Homeowners insurance is a necessity to help protect your home, but there can be coverage gaps that you may not be aware of which can leave you unprotected. Flood and earthquake damage along with mold and other issues are excluded from most standard homeowners insurance policies. Here are some common exclusions that could leave you […]
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2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024
According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges. Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]