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61318 Homeowners Insurance Quotes & Coverage Options

If you are looking to lower the cost of your homeowners insurance policy you have come to the right place. We have helped thousands of shoppers in 61318 zip code find a great new policy that offers the coverage they need at a price they can afford.

GetHomeInsuranceQuotes.com makes shopping for a new policy in Compton, IL quick and easy. Our rates are super competitive and our agents can advise you on what coverages you need in 61318.

Shopping for insurance quotes on GetHomeInsuranceQuotes.com is always free and we will provide you with a free consultation to answer any questions you may have about coverages and rates.

If you are ready to start shopping for a great policy simply click the "Get Multiple Quotes Now" button, enter 61318 and start shopping.

Quickly and Easily Compare Average Rates for 61318

You can easily compare rates for your home in ZIP starting an online quoting application to "get quotes". Or search additional Compton, IL home insurance quotes in your local city and review the most competitive coverages and premiums.

Average Policy Rates in 61318

Homeowners in Compton are paying roughly $833 per year for a homeowners policy. We can help you shave up to 40 percent off of your current homeowners premium. Get started now and shop up to 12 insurance quotes from nationwide insurers right now.

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61318 Home Insurance Average Premiums

Local 61318 homeowners insurance quotes comparison

$583 /yr.

Shows Zip Code: 61318 lowest rates with discounts applied on average.

For the 61318, 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)
$583 /yr.
Average Coverage:$833 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1133 /yr.

What is the average home insurance cost for a home in 61318?

  • • The average homeowners insurance premium paid annually for a home in 61318 is around $833 per year.

What does it cost on average per month for home insurance in 61318?

  • • Homeowners in 61318 pay a monthly average cost per month around $69.00.

What kind of discount could I get if I combine my home and auto insurance together in 61318?

  • • Autoowners in 61318 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 Compton area, check out other zip codes nearby 61318.
Review average rates in another zip code:
61318 homeowners insurance rates

Home Replacement Cost Coverage in 61318

Average Building Cost Per Square Foot in 61318: $154

Location: Compton, Illinois (Lee County)

Average Square Footage in 61318: 925 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 61318 before you start any project. Compton 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 61318 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 61318 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 925 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 Compton 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$154925$142,500
Additional Upgrades & Added Features$193925$178,125
Major Home Updates or Advancements$231925$213,750

It's important to understand that when you estimate your replacement cost of your home in the 61318 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 61318

Best Home & Auto Insurance Agencies in 61318

Housing Demographics for 61318

Population Review for 61318 Zip Code

For the city of Compton, the population within 61318 has increased to over 516 residents in population size. The current population total is 620. We have broken down the population based on race below. In 61318, there are over 301 in male population and 319 females.

PopulationValues
Total Population620
White Population571
Black Population5
Hispanic Population51
Asian Population1
Hawaiian Population0
Indian Population2
Other Population11
Male Population301
Female Population319
Population Estimate516

Household Data for 61318

The average number of homes in 61318 is around 262, there are an average of 2.37 per household. The average house value according to local real estate values is around $142,500. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode262
Persons Per Household2.37
Average House Value$142,500
Income Per Household$57847
Median Age43.5
Median Age Male40.2
Median Age Female44.8
61318 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code815
CityCompton
City Alias NameCOMPTON
CountyLee
County FIPS103
State FIPS17
Time Zone6
Day Light SavingY
MSA
PMSA
CSA221
CBSA19940
CBSA_DIV
CBSA_TypeMicro
CBSA_NameDixon, IL
MSA_Name
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses11
Number Of Employees27
Business First Quarter Payroll146
Business Annual Payroll554
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population36031
CBSA Division Population0
Congressional District16
Congressional LandArea7917.49
Delivery Residential218
Delivery Business5
Delivery Total291
Preferred Last Line KeyW12492
Classification Code
Multi-County
CSA NameDixon-Sterling, IL
CBSA_DIV_Name
City State KeyW12492
Land Area33.131000
Water Area0.015000
City Alias Code
City Mixed CaseCompton
City Alias Mixed CaseCompton
Box Count61
SFDU218
MFDU0
State ANSI17
County ANSI103
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationD
Finance Number161752
Unique ZIP Name
SSA State County Code14600
Medicare CBSA Code99914
Medicare CBSA NameRural Areas in IL
Medicare CBSA TypeMicro
Market Rating Area ID5
County Mixed CaseLee

Illinois Homeowners Insurance News & Information

  • North Carolina Homeowners’ Insurance Premiums May See a 15% Increase Posted on Thursday 23rd January, 2025

    The base rate for North Carolina homeowners insurance will be headed up by an average of 15% by the middle of 2026. The rate increases are part of a settlement that was reached with the insurance industry by the North Carolina Insurance Department. The state Insurance Commissioner Mike Causey recently announced the rate increase agreement […]

  • 2025 Florida Home Insurance Rates Could Increase Posted on Tuesday 14th January, 2025

    While many state legislators, industry leaders and insurance regulators have been claiming that the insurance market in Florida has stabilized, it looks like premiums may be headed up again in the near future.  According to an analysis by the South Florida Sun Sentinel, the average statewide premium, being paid for an all-perils single-family home policy […]

  • 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 […]