Best Insurance Companies in Illinois 2022 – Top Insurance Companies

October 20, 2021by Grace0
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Are you searching for the best car, business, health and homeowners insurance companies in Illinois?

Do you want the very best insurance providers in Illinois to help you indemnify or guarantee coverage against loss? 

If you’re tired of paying all the bills when an accident happens, then you need insurance.

In this guide we have listed the top insurance companies in Illinois that will handle any kind of insurance you seek. 

Your business is inclusive.

In addition, we have specified the insurance rates and policies of these providers. 

We base our research according to the analysis done by J.D Powers and AM Best ratings. 

Also, you will find out the best insurance providers you can work for.

5 Best Small Business Insurance Companies in Illinois

With business insurances, insurance providers can bear the cost of property damage, lawsuits, lost business income, and other specific risks involved when running a business. 

Finding the right coverage for your business will depend on the kind of business you do. 

Also, factors such as number of employees, location, and industry should be put into perspective when choosing an insurance policy.

Before listing the best business insurance companies in Illinois, here’s a list of the types of insurance policy for you business; 

  • Umbrella Insurance    
  • Disability Insurance    
  • Malpractice Insurance     
  • Worker’s Compensation    
  • Cyber Liability Insurance    
  • Commercial Auto Insurance
  • General Liability Insurance    
  • Product Liability Insurance    
  • Business Owner’s Policy (BOP)    
  • Business Interruption Insurance    
  • Professional Liability Insurance
  • Commercial Property Insurance
  • Key-Person Coverage financial insurance
  • Employment Practices Liability Insurance (EPLI)    

As we stated earlier, the type of insurance you choose will depend on the kind and size of your business.

However, we recommend businesses in Illinois to go for general liability business insurance companies.

Our top picks for the 5 best business insurance companies in Illinois include;

1. The Hartford – Best comprehensive option

Hartford provides varieties of business insurance policies for over 51 professions.  

That means regardless of what you do, Hartford has coverage for your business. 

In addition to this, Hartford offers amazing discounts for bundling policies. 

But the sad news is that you cannot file business claims on the app. 

Which means you have to go to their office in Illinois to get an insurance plan.

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2. Nationwide – Best for general liability insurance

If you’re looking for a business insurance plan that has a full coverage then Nationwide is your best bet.

Besides general liability, Nationwide offers BOP, cybersecurity advice and social media guides to their customers.

Many people choose Nationwide because of its flexible general liability coverage.

But the not-so-good feature of this business insurance provider is that they have no online chat support. 

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3. StateFarm – Best for commercial liability insurance

Next on our list of companies that offer business insurance in Illinois is StateFarm.

StateFarm is also one of the best insurance companies in Florida. 

Getting StateFarm to insure your business comes with so many advantages. It’s insurance policies are highly customizable. 

Also, regardless of your profession, you can get insurance with StateFarm. 

They offer business coverage to over 300 professions including restaurants.

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4. Progressive – Best for commercial auto insurance

Progressive is the second-largest business auto insurer in the USA. 

An insurance with progressive comes with a discount for bundling multiple business insurance policies. 

Also, this insurance provider covers varieties of risks and vehicle types 

Majority of the insurance policy progressive offers includes, physical damages, liability, uninsured motorist, medical payments, hired auto, and non-owned coverage. 

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5. CyberPolicy – Best business insurance marketplace

CyberPolicy offers insurance on lessor’s risk only (LRO), fidelity and crime, employment practices liability and liquor liability.

Also, it offers discounts for bundling multiple business policies. 

One of the reasons why many trust CyberPolicy is that they provide a convenient, one-stop shopping experience. 

Also, they are known to have many partnerships.

This insurance provider partners with Chubb, Hiscox, Liberty Mutual, Nationwide, and BiBERK.

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Other insurance companies we considered good for your business include;

  • CNA
  • Mylo
  • Geico
  • Chubb
  • Thimble
  • Hiscox
  • Travelers
  • Embroker
  • CoverWallet
  • Simply Business
Best Insurance Companies in Illinois 2022
Best Insurance Companies in Illinois 2022

5 Best Auto Insurance Companies in Illinois

Are you looking for the best car insurance providers in Illinois? 

Do you want a company that will bear the cost of repairs and maintenance of your car?

Search no more!!!

Below is a list of the best auto insurance companies in Illinois. 

We came up with this list based on the company’s customer satisfaction score, average annual premium and an individualized Bankrate Score

Now, the list includes;

1. Auto-Owners

Just the name suggests, they are the No 1 auto insurance company in Illinois. 

Auto-Owners tops the chart due to its outstanding network of independent agents. 

Unlike other car insurance companies, you can only get an Auto-Owners insurance policy, by working with an agent in your area.

Also, you can save on your insurance premium through the numerous discounts Auto-owners offer.

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2. Country Financial

If your insurance needs are “extraordinary” then you need a Country financial insurance plan. 

An insurance with Country Financial comes with numerous and customizable coverage options. 

Also, there is an opportunity to save on your premium through the discount the company offers.

Hence the reason it’s among the best auto insurance companies in Illinois.

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3. Geico

Geico is also one of the best insurance companies in California.

If you do not quite have much for car insurance, Geico may be a good choice. 

Geico offers low premiums and a mouthwatering discount that helps you save more. 

However, discounts only come from being a member of the military, safe driver, federal employee or if you have vehicle safety equipment. 

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4. Travelers

Next on our list of best auto insurance companies in Illinois is the Travelers.

Many choose Travelers because of its low average full coverage premium in Illinois.

Travelers afford its customers an opportunity to add numerous endorsements to their insurance policy.

Such endorsements include new car replacement and ridesharing coverage. 

Sadly, Travelers receive the lowest average J.D. Power score claims satisfaction.

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5. USAA

Although USAA receives high J.D Power scores, it’s one of the auto insurance companies in Illinois that’s not for all. 

USAA only sells insurance to current and past military members and their immediate families. 

Hence the reason why it’s not officially ranked in the list of Illinois best companies. 

But if you’re a military personnel, this is one of the best auto insurance companies in Illinois you can consider.

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4 Best Homeowners Insurance Companies in Illinois

All Illinois homeowners SHOULD HAVE insurance for their homes.

Why?

So many uncertainties beguile the state of Illinois. 

Depending on your location, you may experience “homewrecking”  tornadoes. 

Some parts of Illinois on the other hand do face damage from underground mining tunnels.

In some areas, flood is the “homewrecking” factor. And in Illinois, flood is not part of the coverage in your insurance plan. 

To that regard homeowners may have to buy flood insurance from the National Flood Insurance Program to safeguard their homes.

In the face of all these, getting homeowners insurance couldn’t be less important. 

Here’s a list of the best homeowners insurance companies in Illinois;

1. Country Financial: Best for most people

Country Financial is one of the homeowners insurance companies in Illinois with cheap policies and high customer satisfaction.

Also, Country offers a lot of discounts. 

And according to the National Association of Insurance Commissioners (NAIC), this insurance provider has less complaints compared to others in Illinois. 

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2. Auto Club Group (AAA): Best for bundling

The best way to enjoy the AAA insurance program is to bundle. With a multiple bundle you can access the company’s membership club.

Also, insurance with AAA comes with discounts. You can even qualify for a discount if you’re claim-free or retired.

Also, you can equally get a discount if you have recently renovated or purchased your home.

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3. USAA: Best for military families

Here’s one of the best insurance companies in Illinois for homeowners. 

But you can only consider it best for military personnels and their families 

USAA’s insurance for homeowners comes with replacement cost coverage at no extra cost. 

Also, NAIC considers USAA an insurance company with fewer customer complaints. 

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4. Farmers: Best for eco-conscious consumers

Farmers is one of homeowners insurance companies that is not just the best in Illinois but also in Georgia.

It’s one of the best insurance companies Illinois homeowners go for due to its flexibility plan.

Also, Farmers’ allow her clients to upgrade their policy by adding an Eco-Rebuild endorsement

If you seek a homeowners insurance provider in Illinois that customers recommend, Farmers is one.

Other good homeowners insurance companies in Illinois include;

  • State Farm   
  • Travelers
  • Allstate
  • Metropolitan

5 Best Health Insurance Companies in Illinois.

Medical care is one of the important insurances anyone should get. 

Below is the list of health insurance companies in Illinois that is affordable. 

Some of the insurance providers offer individual and family health insurance.

There are many health insurance companies in Illinois but only 6 made it to our list.

The list includes;

1. Ambetter of Illinois

Ambetter is one of Illinois’ best health insurance companies.  

It’s health coverage spans towards dental health and emergencies. 

Also, they are one of the affordable insurance companies in Illinois. 

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2. Blue Cross and Blue Shield of Illinois

Blue cross blue shield is not just one of the best in Illinois, it’s one of the best insurance companies in the USA at large.

It’s customer satisfaction is rated 70% according to NAIC.

And research says they are affordable.

But the cost depends on factors such as who is being insured.

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3. Bright Health

It’s one of the best health insurance companies Illinois  residents go for due to their flexible insurance plan.

Also, Bright health allows her customers to upgrade their policy by adding other endorsement options. 

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4. Celtic Insurance Company

Next on our list of best insurance companies in Illinois for health is Celtic.

Many Illinois residents choose Celtic because of its low premium.

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5. Cigna Healthcare

Cigna is one of the insurance companies in Illinois that offers you something extraordinary when it comes to health insurance plans.

An insurance with Cigna comes with numerous coverage options including dental health. 

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6. Health Alliance Medical Plans, Inc.

If you want health coverage at a minimal cost, the. Health Alliance is the insurance company for you.

Also, there is an opportunity to save on your premium through the discount the Health Alliance offers.

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Other health insurance companies in Illinois include;

  • Quartz
  • WellFirst Health
  • MercyCare Health Plans

Frequently Asked Questions About Best Insurance Companies in Illinois

What’s the cost of insurance in Illinois?

The cost of insurance in Illinois will depend on many factors such as;

  • Insurance company
  • What or who is being insured.
  • Age of the insured property.
  • How long you will want to keep the property insured.
  • Location in the state of Illinois etc.

Different companies offer different insurance cost depending on the above factors. 

However, from research, we found out from different companies the general perspective for the average cost of car, health, business and homeowners insurance.

Here’s what we found out;

Car Insurance Cost

According to Quadrant Information Services, the average cost of car insurance in Illinois per year is $1,485 for a full coverage policy.

This is against the $1,674 for the US in general.

Homeowners Insurance Cost

Homeowners insurance cost in Illinois is about $1,405 per year.

Business Insurance Cost

Small business insurance approximately costs $46-$125 monthly or $552-$1,500 per year.

Health insurance cost

For the 2021 plan year, the average monthly health insurance premium across all metal tiers for a 40-year-old is $517. 

What are the Best Insurance Companies I Can Work For In Illinois?

If it’s been your dream to work in an insurance company in Illinois, that dream is at the verge of reality.

By virtue of considering so many factors, we have put together the best insurance companies you can work for in Illinois.

We base our list on factors such as employee reviews, job satisfaction, salary and company relationship with employees.

And sadly, most of the top insurance companies do not make it to the list.

Below, is a list of the best 20 insurance companies you can work for in Illinois; 

  • Aon
  • RLI
  • Kemper
  • Allstate
  • Assurance
  • Alera Group
  • Clearcover
  • Horace Mann
  • CNA Financial
  • Hub International
  • Combined Insurance
  • Ryan Specialty Group
  • Arthur J. Gallagher & Co.
  • Risk Placement Services
  • Atlas Financial Holdings
  • Old Republic International
  • Illinois Casualty Company
  • Encompass Insurance Company
  • Modern Woodmen of America
  • Magid Glove and Safety Manufacturing Company

Editors Recommendation

References

  • https://money.com/best-business-insurance/?amp=true 
  • https://www.bankrate.com/insurance/car/illinois/ 
  • https://www.zippia.com/company/best-insurance-companies-illinois/ 
  • https://www.valuepenguin.com/best-cheap-homeowners-insurance-illinois 
  • https://www.ehealthinsurance.com/health-insurance-companies/illinois-carriers 
  • https://www.valuepenguin.com/best-cheap-health-insurance-illinois 

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