Get multiple home insurance quotes in 62523. Our licensed 62523, IL agents are ready to serve you.

62523 Online Home Insurance Rates

Comparing a bunch of different rates for your home in 62523 is very time consuming. At GetHomeInsuranceQuotes.com, we help you shop and compare up to 12 major top-rated A.M. Best companies, to present the most affordable rates for homeowners living in Decatur, IL. Not only do we provide free comparitive rates, but we also answer any questions you have and offer a free consultation process to help you decide which coverage option is best for you. Most of the time, we can add up to 40% more in savings by applying all the discounts and credits, like a home/auto package, security alarm, new roof upgrade or even deadbolts. It's easy to shop with us, we have already partnered with the most competitive home insurance companies in the 62523 area. If you enter your zip code, you can easily begin the online quoting process, it only takes a few minutes. If you would like to give us a call now at 1-855-976-2656 we will be happy to hear from you.

If you would like to review more information on home insurance premiums in Illinois, like average Decatur homeowners insurance rates, coverage options or home insurance types, please select Decatur, IL Home Insurance Rates Online!

62523 Home Insurance Average Premiums

Local 62523 homeowners insurance quotes comparison

$634 /yr.

Shows Zip Code: 62523 lowest rates with discounts applied on average.

For the 62523, 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)
$634 /yr.
Average Coverage:$884 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1184 /yr.

What is the average home insurance cost for a home in 62523?

  • • The average homeowners insurance premium paid annually for a home in 62523 is around $884 per year.

What does it cost on average per month for home insurance in 62523?

  • • Homeowners in 62523 pay a monthly average cost per month around $74.00.

What kind of discount could I get if I combine my home and auto insurance together in 62523?

  • • Autoowners in 62523 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 Decatur area, check out other zip codes nearby 62523.
Review average rates in another zip code:
62522 homeowners insurance rates
62526 homeowners insurance rates
62521 homeowners insurance rates
62523 homeowners insurance rates

Home Replacement Cost Coverage in 62523

Average Building Cost Per Square Foot in 62523: $154

Location: Decatur, Illinois (Macon County)

Average Square Footage in 62523: 1,071 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 62523 before you start any project. Decatur 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 62523 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 62523 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,071 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 Decatur 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$1541,071$165,000
Additional Upgrades & Added Features$1931,071$206,250
Major Home Updates or Advancements$2311,071$247,500

It's important to understand that when you estimate your replacement cost of your home in the 62523 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 62523

Best Home & Auto Insurance Agencies in 62523

Campbell Ins Agcy

Address: 225 S Main St Decatur, IL 62523
Phone:
Website:
Info:

Housing Demographics for 62523

Population Review for 62523 Zip Code

For the city of Decatur, the population within 62523 has increased to over 518 residents in population size. The current population total is 886. We have broken down the population based on race below. In 62523, there are over 607 in male population and 279 females.

PopulationValues
Total Population886
White Population442
Black Population398
Hispanic Population24
Asian Population10
Hawaiian Population1
Indian Population7
Other Population4
Male Population607
Female Population279
Population Estimate518

Household Data for 62523

The average number of homes in 62523 is around 348, there are an average of 1.42 per household. The average house value according to local real estate values is around $165,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode348
Persons Per Household1.42
Average House Value$165,000
Income Per Household$11712
Median Age40.3
Median Age Male39.0
Median Age Female48.7
62523 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code217/447
CityDecatur
City Alias NameDECATUR
CountyMacon
County FIPS115
State FIPS17
Time Zone6
Day Light SavingY
MSA2040
PMSA
CSA
CBSA19500
CBSA_DIV
CBSA_TypeMetro
CBSA_NameDecatur, IL
MSA_NameDecatur, IL MSA
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses212
Number Of Employees2712
Business First Quarter Payroll44167
Business Annual Payroll171350
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population110768
CBSA Division Population0
Congressional District13
Congressional LandArea5793.65
Delivery Residential365
Delivery Business366
Delivery Total777
Preferred Last Line KeyW12606
Classification Code
Multi-County
CSA Name
CBSA_DIV_Name
City State KeyW12606
Land Area0.447000
Water Area0.000000
City Alias Code
City Mixed CaseDecatur
City Alias Mixed CaseDecatur
Box Count0
SFDU39
MFDU326
State ANSI17
County ANSI115
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number162004
Unique ZIP Name
SSA State County Code14660
Medicare CBSA Code19500
Medicare CBSA NameDecatur, IL
Medicare CBSA TypeMetro
Market Rating Area ID10
County Mixed CaseMacon

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 […]