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Are you paying too much for homeowners insurance in 60074? If the answer is yes, you are not alone. Luckily, we can help you find a great policy in Palatine, IL that provides all of the protection you need at a price that is affordable.

Our service doesn’t end with sending you quotes from 12 of the nations top insurance companies, our Illinois licensed agents will also advise you on every step of the process. They can review your coverage levels to make sure you are fully protected, answer any questions you have and perform a discount review.

Discounts are a major factor when shopping for insurance and can dramatically reduce your costs. Most insurers offer a variety of homeowners insurance discounts but here are few of the most common discounts in 60074?

  • Bundling: Buying home, auto and life from one insurer will result in a big discount. Details vary but expect savings of up to 25 percent.
  • Security System: Have a security system in your home or are installing one? You should qualify for a discount. Notify your insurer and ask for a home security system discount.
  • Paperless Policy: Getting your policy and bills via email instead of in the mail reduces cost for your insurer and they pass some of the savings on to you.

Our service is always free so get started today. Free 60074 home insurance quotes are just a click away. Simply click the "Get Multiple Quotes Now" button, verify your 60074 and get ready to save.

3 Easy Ways To Save Money In 60074

These three links will help you explore home insurance quotes in 60074 zip code as well as provide data about the average cost of a policy in your particular area. This information can be used to verify you are getting a great price on your new policy.

Get Your 60074 Home Insurance Costs Rated: medium!

The average price for a homeowners insurance policy in Palatine is roughly $862. This average is for a standard HO-3 policy, which is the industry standard for a single family home. While an HO-3 policy will protect your home and possessions while also offering liability coverage, it does not protect against flood or earthquake damage.

If you live in a flood zone, a separate flood insurance policy will be required. Our quoting process, combined with our agents local knowledge ensures that you will have the protection you need for your home.

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60074 Home Insurance Average Premiums

Local 60074 homeowners insurance quotes comparison

$612 /yr.

Shows Zip Code: 60074 lowest rates with discounts applied on average.

For the 60074, 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)
$612 /yr.
Average Coverage:$862 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1162 /yr.

What is the average home insurance cost for a home in 60074?

  • • The average homeowners insurance premium paid annually for a home in 60074 is around $862 per year.

What does it cost on average per month for home insurance in 60074?

  • • Homeowners in 60074 pay a monthly average cost per month around $72.00.

What kind of discount could I get if I combine my home and auto insurance together in 60074?

  • • Autoowners in 60074 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 Palatine area, check out other zip codes nearby 60074.
Review average rates in another zip code:
60067 homeowners insurance rates
60074 homeowners insurance rates

Home Replacement Cost Coverage in 60074

Average Building Cost Per Square Foot in 60074: $154

Location: Palatine, Illinois (Cook County)

Average Square Footage in 60074: 1,642 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60074 before you start any project. Palatine 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 60074 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 60074 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,642 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 Palatine 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 StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1541,642$252,800
Additional Upgrades & Added Features$1931,642$316,000
Major Home Updates or Advancements$2311,642$379,200

It's important to understand that when you estimate your replacement cost of your home in the 60074 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 60074

Allstate Insurance - Paul R Dasso

Address: 35 S Northwest Hwy Palatine, IL 60074
Phone: (847)359-1010
Website:

Allstate Insurance - Patrick M. Mc Hugh

Address: 448 E Dundee Rd Palatine, IL 60074
Phone: (847)934-9480
Website:

Best Home & Auto Insurance Agencies in 60074

John James Ins Agcy Inc - State Farm Insurance Agent

Address: 436 E Northwest Hwy Palatine, IL 60074
Phone:
Website:
Info:

American Family Insurance - Michael C Szarek

Address: 800 E Northwest Hwy, Ste 324 Palatine, IL 60074
Phone:
Website: http://www.insurance-agency.amfam.com/IL/michael-c-szarek/default.aspx?sourceid=yp3
Info:

Illinois State Insurance

Address: 1717 N Rand Rd Palatine, IL 60074
Phone:
Website: http://www.illinoisstateinsurance.com/
Info:

Allstate Insurance - Paul R Dasso

Address: 35 S Northwest Hwy Palatine, IL 60074
Phone:
Website:
Info:

Country Insurance & Financial Services

Address: 2070 Rand Rd Palatine, IL 60074
Phone:
Website: http://www.countryfinancial.com
Info:

Housing Demographics for 60074

Population Review for 60074 Zip Code

For the city of Palatine, the population within 60074 has increased to over 38,592 residents in population size. The current population total is 37,705. We have broken down the population based on race below. In 60074, there are over 18690 in male population and 19015 females.

PopulationValues
Total Population37,705
White Population21137
Black Population1495
Hispanic Population11601
Asian Population3645
Hawaiian Population8
Indian Population531
Other Population6271
Male Population18690
Female Population19015
Population Estimate38592

Household Data for 60074

The average number of homes in 60074 is around 14,851, there are an average of 2.54 per household. The average house value according to local real estate values is around $252,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode14,851
Persons Per Household2.54
Average House Value$252,800
Income Per Household$70999
Median Age37.9
Median Age Male36.5
Median Age Female39.2
60074 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code847/224
CityPalatine
City Alias NamePALATINE
CountyCook
County FIPS031
State FIPS17
Time Zone6
Day Light SavingY
MSA1602
PMSA1600
CSA176
CBSA16980
CBSA_DIV16984
CBSA_TypeMetro
CBSA_NameChicago-Naperville-Elgin, IL-IN
MSA_NameChicago-Gary-Kenosha, IL-IN-WI CMSA
PMSA_NameChicago, IL PMSA
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses743
Number Of Employees8289
Business First Quarter Payroll76711
Business Annual Payroll343830
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population9461105
CBSA Division Population7147982
Congressional District05|08
Congressional LandArea95.71|205.52
Delivery Residential15194
Delivery Business618
Delivery Total18453
Preferred Last Line KeyW14358
Classification Code
Multi-CountyY
CSA NameChicago-Naperville, IL-IN-WI
CBSA_DIV_NameChicago-Naperville-Schaumburg, IL
City State KeyW14358
Land Area7.103000
Water Area0.110000
City Alias Code
City Mixed CasePalatine
City Alias Mixed CasePalatine
Box Count0
SFDU5919
MFDU6482
State ANSI17
County ANSI031
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number166024
Unique ZIP Name
SSA State County Code14141
Medicare CBSA Code16984
Medicare CBSA NameChicago-Naperville-Evanston, IL
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseCook

Illinois Homeowners Insurance News & Information

  • 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 […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]