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62688 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 62688? There are over 278 occupied homes in the 62688 area. With a population size of 652, it's not uncommon for residence of Tallula, IL to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Illinois is around $855 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 62688 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Tallula, IL Home Insurance Rate Quotes

62688 Home Insurance Average Premiums

Local 62688 homeowners insurance quotes comparison

$605 /yr.

Shows Zip Code: 62688 lowest rates with discounts applied on average.

For the 62688, 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)		$605 /yr.
Average Coverage:$855 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1155 /yr.

What is the average home insurance cost for a home in 62688?

  • • The average homeowners insurance premium paid annually for a home in 62688 is around $855 per year.

What does it cost on average per month for home insurance in 62688?

  • • Homeowners in 62688 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 62688?

  • • Autoowners in 62688 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 Tallula area, check out other zip codes nearby 62688.
Review average rates in another zip code:
62688 homeowners insurance rates

Home Replacement Cost Coverage in 62688

Average Building Cost Per Square Foot in 62688: $154

Location: Tallula, Illinois (Menard County)

Average Square Footage in 62688: 570 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 62688 before you start any project. Tallula 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 62688 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 62688 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 570 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 Tallula 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$154570$87,800
Additional Upgrades & Added Features$193570$109,750
Major Home Updates or Advancements$231570$131,700

It's important to understand that when you estimate your replacement cost of your home in the 62688 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 62688

Best Home & Auto Insurance Agencies in 62688

Housing Demographics for 62688

Population Review for 62688 Zip Code

For the city of Tallula, the population within 62688 has increased to over 723 residents in population size. The current population total is 652. We have broken down the population based on race below. In 62688, there are over 323 in male population and 329 females.

PopulationValues
Total Population652
White Population605
Black Population6
Hispanic Population5
Asian Population0
Hawaiian Population0
Indian Population3
Other Population2
Male Population323
Female Population329
Population Estimate723

Household Data for 62688

The average number of homes in 62688 is around 278, there are an average of 2.35 per household. The average house value according to local real estate values is around $87,800. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode278
Persons Per Household2.35
Average House Value$87,800
Income Per Household$68438
Median Age45.9
Median Age Male46.3
Median Age Female45.6
62688 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code217/447
CityTallula
City Alias NameTALLULA
CountyMenard
County FIPS129
State FIPS17
Time Zone6
Day Light SavingY
MSA7880
PMSA
CSA522
CBSA44100
CBSA_DIV
CBSA_TypeMetro
CBSA_NameSpringfield, IL
MSA_NameSpringfield, IL MSA
PMSA_Name
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses7
Number Of Employees9
Business First Quarter Payroll50
Business Annual Payroll255
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population210170
CBSA Division Population0
Congressional District15
Congressional LandArea14695.67
Delivery Residential308
Delivery Business14
Delivery Total335
Preferred Last Line KeyW15239
Classification Code
Multi-County
CSA NameSpringfield-Jacksonville-Lincoln, IL
CBSA_DIV_Name
City State KeyW15239
Land Area44.982000
Water Area0.000000
City Alias Code
City Mixed CaseTallula
City Alias Mixed CaseTallula
Box Count0
SFDU305
MFDU0
State ANSI17
County ANSI129
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorN
Carrier Route Rate SortationC
Finance Number167638
Unique ZIP Name
SSA State County Code14730
Medicare CBSA Code44100
Medicare CBSA NameSpringfield, IL
Medicare CBSA TypeMetro
Market Rating Area ID10
County Mixed CaseMenard

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 […]