In Arlington Heights, IL, Home Insurance Rates Differ by up to $1,080
By: Ramu Garuda November. 06, 2018
Gavop’s recent analysis of home insurance premiums in Arlington Heights, Illinois, shows that a typical home in the city costs $343,500, the median home insurance premium is $1,580, and the savings between the 25th and 75th percentile of insurance premiums is $1,080. In comparison, a typical home in the state of Illinois costs $190,800, the median home insurance value is $1,030, and residents can save $720 between the 25th and 75th percentile of insurance premiums.
Arlington Heights lies 25 miles northwest of downtown Chicago. Gavop’s analysis covers insurance premiums of homes typically ranging between $148,600 and $429,900. It lists typical home values, median insurance rates, and savings between the 25th and 75th percentile of home insurance premiums for select locations within a 50-mile radius of Arlington Heights. Lyons shows the highest potential savings of $1,060 for a typical home value of $288,300 and a median home insurance cost of $1,410. Ela has the second highest savings of $970, a typical home value of $429,900, and a median home insurance of $1,330. Ranking third is Itasca with a savings of $850, a typical home value of $314,800, and a median home insurance cost of $1,200. McHenry County shows the next highest savings in insurance premiums at a value of $750. The typical home value and median insurance premium here are $233,400 and 1,000 respectively. Twin Lakes in nearby Wisconsin is fifth on the list, offering a potential savings of $710. The typical home value in Wisconsin is $187,400, and the median premium is $1,010.
The graph below compares the median insurance rates and the 25th and the 75th percentiles of home insurance premiums for the above-mentioned locations.
The following table lists the typical home values, median home insurance prices, the 25th and 75th percentile of insurance premiums, and the potential savings between the two for 10 places within a 50-mile radius of Arlington Heights, Illinois. It also lists the values for the county and the state.
| Place | Typical Home Value | Median Home Insurance Costs | 25th Percentile | 75th Percentile | Potential Savings & Difference between 25th & 75th Percentile |
|---|---|---|---|---|---|
| Illinois | $190,800 | $1,030 | $700 | $1,420 | $720 |
| Cook County, IL | $244,900 | $1,200 | $800 | $1,670 | $870 |
| Arlington Heights, IL | $343,500 | $1,580 | $1,150 | $2,230 | $1,080 |
| Lyons, IL | $288,300 | $1,410 | $940 | $2,000 | $1,060 |
| Ela, IL | $429,900 | $1,330 | $920 | $1,890 | $970 |
| Itasca, IL | $314,800 | $1,200 | $820 | $1,670 | $850 |
| McHenry County, IL | $233,400 | $1,000 | $670 | $1,420 | $750 |
| Twin Lakes, WI | $187,400 | $1,010 | $730 | $1,440 | $710 |
| Maywood, IL | $167,200 | $850 | $580 | $1,200 | $620 |
| Round Lake Park, IL | $154,200 | $860 | $630 | $1,230 | $600 |
| Greenwood, IL | $192,000 | $790 | $570 | $1,120 | $550 |
| Blue Island, IL | $148,600 | $670 | $460 | $950 | $490 |
For more information on Arlington Heights, Illinois, home insurance, click on this link
ABOUT THE AUTHOR
Ramu Garuda
Ramu is a research analyst with over 9 years of analytics & research experience. Prior to joining the company, he worked with some of the prominent consulting and market research firms in India, including Pride Technology (Supporting consulting projects to PWC), RR Donnelly, and The Hackett Group. His skills include company profiling, benchmarking, data and trend analysis, industry analysis, and report writing across the industries. Ramu holds a Master’s degree in Finance and Marketing. He also has a bachelor’s degree in Biotechnology.
