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Illinoisans Are Seeing Property Insurance Rate Hikes

by | Oct 26, 2023 | Uncategorized

Home insurance rates in Illinois are increasing at a pace comparable to hurricane- and wildfire-prone states.
Premiums in Illinois ↑ 20% to 30% since the beginning of 2022, making it one of the top states with significant rate hikes.
Illinois is vulnerable to tornadoes and hailstorms, but the rate increases don’t align with the relatively lower claims costs for insurers.

Written By Tara Lubin

About Tara Lubin

Tara Lubin, a seasoned REALTOR and Broker Associate, is renowned for her exceptional service and deep knowledge of the Chicago real estate market. With a focus on luxury as a service level rather than a price point, Tara provides unparalleled guidance and support to her clients. Partner with Tara and experience the difference in your real estate endeavors.

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