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Springfield Homeowners Insurance

Your Complete Guide to Homeowners Insurance in Springfield, IL

Find the right homeowners insurance policy for you.

Steve Dahl | March 18, 2020

Springfield is a vibrant city and cultural center. Located in Sangamon County, the Flower City is the sixth most populated city in the state. Not only is the unemployment rate in this city below the national average, so is the cost of living. With the median price of a house a mere $100,300, Springfield is a great place to purchase a home. Of course, you will want to protect your investment with a homeowners insurance policy tailored to your needs and budget. 

When shopping for an insurance policy, you can rely on the help of an independent insurance agent in our network. These local agents work with a variety of insurance carriers to provide customers with a selection of competitively priced policies that can meet their coverage needs. Find a member agent in your ZIP code and start comparing Springfield home insurance quotes today.

  • National yearly premium average: $1,034
  • Illinois yearly premium average: $881
  • 28th most expensive premium in the US

What Does Springfield Homeowners Insurance Cover?

Homeowners insurance covers the structure of your home and the personal property, or contents, inside the home. If you have a mortgage, your lender will require you to have a homeowners insurance policy. Once your house is paid off, this coverage becomes optional; however, a house is too large an investment to trust to chance. One catastrophe, such as a fire or a burglary, could completely wipe you out financially. New Springfield homebuyers and seasoned homeowners who are looking to purchase a different home policy should consider several things before making the final choice. Your homeowner’s insurance policy will protect your house against several things including:

  • Fire damage
  • Water damage, excluding that which is caused by floods
  • Loss or destruction of personal items
  • Personal liability claims
  • Property crimes, such as vandalism and theft
  • Total loss

It can be challenging to choose the right policy when there are so many coverage options. The policy with the lowest price may not offer the coverage you need, so it is important to look at more than just quote alone. A local agent will help you compare Springfield home insurance quotes from multiple insurers, and can also offer you advice about policy options for your home.

Springfield Homeowners Insurance Shields You from Natural Disasters

While some policies may require you to purchase separate endorsements, or riders, for certain natural disasters, most policies will cover damage caused by wind, rain, hail, and ice. Be sure to review what your policy covers before making a purchase. Some weather events, such as a tornado, have the potential to cause destruction not only to the structure of your home but to your personal belongings as well. 

Make certain that your contents coverage provides sufficient coverage in the event that you were to suffer catastrophic loss. Additionally, standard homeowners insurance does not cover damage to your home from floodwaters. You’ll need to speak to your agent about purchasing flood insurance for that particular risk. Here is some further information on catastrophe damage in Illinois:

  • National number of catastrophes: 19,033
  • Number of catastrophes in Illinois: 618
  • National number of tornadoes: 1,233
  • Number of tornadoes in Illinois: 81
  • National property damage from weather: $5,511,270,000
  • Property damage from weather in Illinois: $255,700,000

One disaster that your homeowners insurance will not cover is flooding. Flood insurance is provided through the federal government and must be purchased as a separate policy. Approximately 20 percent of flood claims come from homeowners who live outside of designated flood zones, so flood insurance is worth considering no matter where you live. A Trusted Choice agent can help you get flood insurance coverage for your home and personal property.

Springfield Homeowners Insurance Covers Property Crimes

The most common cause of property damage or loss is due to property crimes. Burglars not only steal your most valuable property; they usually cause damage to your home in the process. They may break a window or door and may also destroy personal property while rifling through your home. The following is some further information for you regarding theft in Illinois:

  • National average for burglaries: 37,814
  • Illinois number of burglaries: 58,237

Illinois has a high number of burglaries as compared with the rest of the nation. As a result, you will want to be sure to safeguard your home with deadbolt locks and secure windows. You may even want to consider installing a burglar alarm system. Doing so can even save your money on your homeowners insurance policy. If you experience a burglary in your home, first ensure that you are safe and then call your local police department. Be sure to request a copy of the police report and then contact your agent or call the insurance company directly and report the crime so that an insurance adjuster can begin working on your claim.

Vacant Home Insurance in Springfield, IL

When the real estate market is doing poorly, homeowners sometimes leave their properties vacant. Those homeowners are often surprised when their insurance provider drops their homeowner’s coverage. This happens because vacant properties present numerous liability issues. No matter how tempting it may be, avoid leaving your home vacant without notifying your insurance provider. Most homeowners insurance policies have exclusions for neglect or abandonment. A vacant exclusion usually applies after a home has been empty for 30 to 60 days. Your local agent can help you choose the best option for insuring your vacant home.

Find the Right Springfield Homeowners Insurance Policy

When shopping for an insurance policy for your home, the best way to ensure that you are getting your policy at the best rate is by comparison shopping. Most insurance experts recommend that you obtain a minimum of three insurance quotes before making a decision. When you work with an independent agent in our network, your agent can do the comparison shopping for you. Your agent help you compare multiple quotes from different insurance companies, and can even review your other insurance needs and potentially save you money by bundling policies for your home and auto. 

Find an agent in your neighborhood today to start comparing Springfield home insurance quotes.

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