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60623 Home Insurance Rates

Getting multiple homeowners insurance rates in 60623 is the best way to review and compare all the coverage options available for you, your home and your family. Our homeowners rates are very competitive for homeowners living in the great city of Chicago, IL. Many homeowners based out of the 60623 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because we clearly showcase the carriers that we will shop for you. We can compare up to 12 competitive home insurance rates for you all in one place. Plus, our home insurance quotes are free and our Illinois licensed home insurance professionals can provide a free consultation service to you that allows you to ask questions about which policy and coverage package is best for you. To get free home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 60623 should appear in the zip code field ready to go. For Chicago, IL Home Insurance Quotes, Click to easily get started!

60623 Homeowners Insurance Rates, Average Rating: Medium!

Your homeowners insurance policy in 60623 consists of both property and casualty insurance coverage. This type of policy will insure your home against a variety of risks, including fire, theft and windstorm damage. Additional protection is also included in most policies that offer liability coverage against accidents that may injure other people on your property in Chicago. For a basic HO-3, standard homeowners policy, the average premium per year in Illinois is around $843. By shopping your home insurance with us at GetHomeInsuranceQuotes.com, we can help you compare the most affordable rates and enhanced coverage options. Please enter your 60623 zip code today and let us help you save time and money on your homeowners insurance premium.

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60623 Home Insurance Average Premiums

Local 60623 homeowners insurance quotes comparison

$593 /yr.

Shows Zip Code: 60623 lowest rates with discounts applied on average.

For the 60623, 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)
$593 /yr.
Average Coverage:$843 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1143 /yr.

What is the average home insurance cost for a home in 60623?

  • • The average homeowners insurance premium paid annually for a home in 60623 is around $843 per year.

What does it cost on average per month for home insurance in 60623?

  • • Homeowners in 60623 pay a monthly average cost per month around $70.00.

What kind of discount could I get if I combine my home and auto insurance together in 60623?

  • • Autoowners in 60623 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 Chicago area, check out other zip codes nearby 60623.
Review average rates in another zip code:
60661 homeowners insurance rates
60653 homeowners insurance rates
60652 homeowners insurance rates
60651 homeowners insurance rates
60602 homeowners insurance rates
60654 homeowners insurance rates
60624 homeowners insurance rates
60637 homeowners insurance rates
60660 homeowners insurance rates
60649 homeowners insurance rates

Home Replacement Cost Coverage in 60623

Average Building Cost Per Square Foot in 60623: $154

Location: Chicago, Illinois (Cook County)

Average Square Footage in 60623: 1,123 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60623 before you start any project. Chicago 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 60623 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 60623 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,123 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 Chicago 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$1541,123$173,000
Additional Upgrades & Added Features$1931,123$216,250
Major Home Updates or Advancements$2311,123$259,500

It's important to understand that when you estimate your replacement cost of your home in the 60623 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 60623

Allstate Insurance - Jose D. Cardenas

Address: 2829 W Cermak #1a Chicago, IL 60623
Phone: (773)376-6300
Website:

Best Home & Auto Insurance Agencies in 60623

Diaz- Maximiliano

Address: 3316 W 26th St Chicago, IL 60623
Phone:
Website:
Info:

Allstate Insurance - Jose D. Cardenas

Address: 2829 W Cermak Rd Chicago, IL 60623
Phone:
Website:
Info:

American Family Insurance

Address: 3020 S Pulaski Rd Chicago, IL 60623
Phone:
Website: http://www.amfam.com
Info: American Family Insurance | Auto Insurance, Car Insurance, Life, Homeowners & More
American Family Insurance offers affordable car insurance, homeowners insurance, life insurance, business insurance, annuities and more. auto insurance, car insurance, life insurance, homeowners insurance, business insurance, annuities

Housing Demographics for 60623

Population Review for 60623 Zip Code

For the city of Chicago, the population within 60623 has increased to over 57,133 residents in population size. The current population total is 87,649. We have broken down the population based on race below. In 60623, there are over 42961 in male population and 44688 females.

PopulationValues
Total Population87,649
White Population8901
Black Population26198
Hispanic Population58713
Asian Population192
Hawaiian Population24
Indian Population2503
Other Population37505
Male Population42961
Female Population44688
Population Estimate57133

Household Data for 60623

The average number of homes in 60623 is around 28,000, there are an average of 3.12 per household. The average house value according to local real estate values is around $173,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode28,000
Persons Per Household3.12
Average House Value$173,000
Income Per Household$35890
Median Age32.1
Median Age Male31.7
Median Age Female32.4
60623 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code773/872/312/708
CityChicago
City Alias NameCHICAGO
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 Businesses838
Number Of Employees11634
Business First Quarter Payroll149112
Business Annual Payroll677221
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 District04|07
Congressional LandArea52.45|62.52
Delivery Residential18312
Delivery Business1593
Delivery Total20211
Preferred Last Line KeyW12401
Classification Code
Multi-County
CSA NameChicago-Naperville, IL-IN-WI
CBSA_DIV_NameChicago-Naperville-Schaumburg, IL
City State KeyW12401
Land Area5.377000
Water Area0.087000
City Alias Code
City Mixed CaseChicago
City Alias Mixed CaseChicago
Box Count264
SFDU12886
MFDU5413
State ANSI17
County ANSI031
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number161542
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 […]