Macomb, IL Home Insurance Quotes!

It's not uncommon for Macomb homeowners to desire a fast "get it done" approach when it comes to shopping for a basic Illinois homeowners insurance policy. We realize time is always an important factor, sometimes as much as cost. If you are shopping today for an affordable home insurance coverage for your home in Macomb, IL, then you have arrived at the right place, at the right time. An IL home insurance policy is designed to protect you from a major financial set back. When talking about a homeowners insurance policy, financial risk or loss can occur if your home was ever damaged by a fire, lightning, hurricane, theft or falling objects like a tree. So as you can see a standard homeowners insurance policy is not complicated, but sometimes comparing multiple coverage options and rates at the same time can be. Here at GetHomeInsuranceQuotes.com, we provide a quick way for you to compare the most affordable Macomb home insurance quotes by using our online quoting system. You can easily start this process by entering your zip code at the top of the page.

Compare Multiple Macomb Home Insurance Quotes

Here is how the process works in three easy steps:

Enter your zip code to start the online Illinois home insurance quoting application. If this is a new home purchase in Macomb, IL, please make sure you include the correct zip code and street address for the home you would like to receive comparative rates for.
The online quoting application is designed to limit your time completing a long form, just to review rates. This is why we have scaled down our information request so that we can process only the required home details in order to process multiple quotes faster. We will need important property information like the square footage of your home and what year your home was built.
Finally, you can sit back and relax. Just click "Get Home Insurance Quotes" and we will shop up to 12 home insurance carriers that are all very competitive in the city of Macomb. We will also assign one Illinois home insurance professional to help answer any questions you may have. Our quoting process is secure and hassle free. We look forward to helping you compare the most affordable Macomb, IL rates.

Understanding more about your Macomb homeowners insurance is a huge advantage to getting the right coverage. It's not always about the cheapest price, sometimes paying a little more for better coverage with a brand name like Nationwide, Travelers or Liberty Mutual can help you gain the coverage you need when you depend on your home insurance company the most. Our Illinois agents are easily accessible by phone or online. You can start by entering your zip code for the home you would like to insure in Macomb, IL and let us generate the multiple quotes for you for free or call us at 1-855-976-2656. We will work with you to provide the best coverage and cost savings option. Start your Macomb home insurance quote today!

Macomb, IL Demographics & Home Value Data

The housing data listed below is for the Macomb, IL (MCDONOUGH County) location.

Macomb Total Population: 19,288
# of Residents Living With Single Family Homes: 8,655
Average Real Estate Price of a Home Per Zip Code in Macomb: $108,500

Average Macomb, IL Home Insurance Rates

Homeowners living nearby or within the city of Macomb are paying around $1,144 per year on average. We have helped customers save more by shopping the best rates and coverages, smaller size homes in terms of square footage are seeing rates as low as $595 per year in Macomb. Higher-end homes that cost more to rebuild or replace include more coverage in the policy and premiums are around $1,145. On average, homeowners in Macomb pay around $845 per year or $70 per month for great quality coverage and price you can afford to protect the home you love. These average home insurance rates reflect the cost of a basic single family home insurance policy which includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage.

To receive free home insurance quotes, please start the quoting process online by simply enter your zip code or give us a call now at 1-855-976-2656.

Compare Homeowners Insurance Rates in Macomb, IL!

Get up to 12 competitive Macomb, IL homeowners insurance rates all in one place!

Average Rates Nearby Macomb

Are you looking for homeowners insurance in a city near Macomb? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Macomb, IL

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Macomb.

61455,

Macomb, IL Home Insurance Average Premiums

Local Macomb, IL home insurance quotes comparison

$595 /yr.

Shows Macomb's lowest average rates with discounts applied.

For the city of Macomb, 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)	$595 /yr.
Average Coverage:	$845 /yr.
2600 sq. ft. or higher (all discounts applied)	$1145 /yr.

What is the average home insurance cost for a home in Macomb, IL?

• The average homeowners insurance premium paid annually for a home in Macomb is around $845 per year.

What does it cost on average per month for home insurance in Macomb, IL?

• Homeowners in Macomb pay an average cost per month around $70.00 for insurance coverage.

Macomb, IL - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$96,298	$90,130
February	$96,604	$91,497
March	$96,913	$92,507
April	$96,732	$92,721

Homeowners insurance will help cover the cost to repair or replace your Macomb home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Macomb
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Macomb, IL homeowners insurance rates all in one place!

Saving Money Tips on Macomb Home Insurance

A great way to save money on Macomb homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Macomb area? Check out what homeowners are paying on average for Illinois homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
633 ft.	This is the average home elevation in Macomb, IL	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Illinois flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Macomb, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Mcdonough County.

Illinois Homeowners Insurance News & Information

$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 […]
I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024
According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]
How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024
Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm. Understanding the different coverages that are available to homeowners is key to making sure you […]
Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024
According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high. “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]
Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]

Macomb, IL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Macomb so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Macomb, IL?

- The average square footage in Macomb is around 705 Sq. Ft. which would cost you around $108,500 to replace the home if you base the home on the price to build per square foot of $154.

Minimum Replacement Cost Total: $108,500

Location: Macomb, Illinois (Mcdonough County)

Average Building Cost Per Square Foot in Macomb: $154 (low end)

Average Square Footage in Macomb: 705 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$154	$108,500
Some Additional Upgrades	$193	$135,625
Major Home Updates or Advancements	$231	$162,750

Calculate Your Macomb, IL Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($154) in Macomb, Illinois times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $481,250 (Media price to build of $193 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.