Illinois families are feeling financial pressures as the cost of everyday life keeps climbing. From groceries to utilities to property taxes, expenses are on the rise. Homeowners’ insurance is not immune to this trend. More frequent severe weather events, rising construction costs and broader inflationary pressures have pushed claims and damages up across the country – not just in Illinois.

Fortunately, Illinois’ insurance market has helped blunt those cost pressures for families by keeping coverage available and competitive. For more than 50 years, Illinois has benefited from one of the most open and competitive insurance markets in the nation. More than 200 insurers actively compete for business here, which has kept prices stable by giving consumers choices. Indeed, homeowners’ insurance rates in Illinois remain competitive nationally even as Illinois sees more hail damage claims than any state except Texas.