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61742, IL Homeowners Insurance Rates

With a population size of 1,186 and with 429 occupied homes in the 61742 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Goodfield, IL are around $853 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Goodfield, Illinois. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!

It's important to know that if your Illinois home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Goodfield, IL.

For Illinois home insurance information, including average Goodfield home insurance rates, coverage options or the different homeowners insurance types, please select Goodfield, IL Home Insurance Quotes Now!

61742 Home Insurance Average Premiums

Local 61742 homeowners insurance quotes comparison

$603 /yr.

Shows Zip Code: 61742 lowest rates with discounts applied on average.

For the 61742, 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)
$603 /yr.
Average Coverage:$853 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1153 /yr.

What is the average home insurance cost for a home in 61742?

  • • The average homeowners insurance premium paid annually for a home in 61742 is around $853 per year.

What does it cost on average per month for home insurance in 61742?

  • • Homeowners in 61742 pay a monthly average cost per month around $71.00.

What kind of discount could I get if I combine my home and auto insurance together in 61742?

  • • Autoowners in 61742 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 Goodfield area, check out other zip codes nearby 61742.
Review average rates in another zip code:
61742 homeowners insurance rates

Home Replacement Cost Coverage in 61742

Average Building Cost Per Square Foot in 61742: $154

Location: Goodfield, Illinois (Woodford County)

Average Square Footage in 61742: 1,422 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 61742 before you start any project. Goodfield 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 61742 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 61742 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,422 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 Goodfield 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$1541,422$219,000
Additional Upgrades & Added Features$1931,422$273,750
Major Home Updates or Advancements$2311,422$328,500

It's important to understand that when you estimate your replacement cost of your home in the 61742 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 61742

Best Home & Auto Insurance Agencies in 61742

Housing Demographics for 61742

Population Review for 61742 Zip Code

For the city of Goodfield, the population within 61742 has increased to over 1,104 residents in population size. The current population total is 1,186. We have broken down the population based on race below. In 61742, there are over 575 in male population and 611 females.

PopulationValues
Total Population1,186
White Population1136
Black Population5
Hispanic Population23
Asian Population1
Hawaiian Population0
Indian Population1
Other Population6
Male Population575
Female Population611
Population Estimate1104

Household Data for 61742

The average number of homes in 61742 is around 429, there are an average of 2.76 per household. The average house value according to local real estate values is around $219,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode429
Persons Per Household2.76
Average House Value$219,000
Income Per Household$98125
Median Age38.6
Median Age Male40.1
Median Age Female37.8
61742 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code309
CityGoodfield
City Alias NameGOODFIELD
CountyWoodford
County FIPS203
State FIPS17
Time Zone6
Day Light SavingY
MSA6120
PMSA
CSA427
CBSA37900
CBSA_DIV
CBSA_TypeMetro
CBSA_NamePeoria, IL
MSA_NamePeoria-Pekin, IL MSA
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses51
Number Of Employees987
Business First Quarter Payroll16216
Business Annual Payroll78864
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population379186
CBSA Division Population0
Congressional District16
Congressional LandArea7917.49
Delivery Residential400
Delivery Business42
Delivery Total534
Preferred Last Line KeyW13143
Classification Code
Multi-CountyY
CSA NamePeoria-Canton, IL
CBSA_DIV_Name
City State KeyW13143
Land Area6.165000
Water Area0.012000
City Alias Code
City Mixed CaseGoodfield
City Alias Mixed CaseGoodfield
Box Count63
SFDU373
MFDU0
State ANSI17
County ANSI203
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number163192
Unique ZIP Name
SSA State County Code14992
Medicare CBSA Code37900
Medicare CBSA NamePeoria, IL
Medicare CBSA TypeMetro
Market Rating Area ID7
County Mixed CaseWoodford

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 […]