ZIP 60611 Insurance Data

Data Snapshot: ZIP 60611 (Chicago, IL)

ZIP 60611 (Chicago, IL) shows an average homeowners insurance premium of $5,978 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 13,562 reported policies. That is 237% above the national average of $1,776 per year, placing this ZIP in the 99th percentile nationally. Compared to the Illinois state average of $1,631, this ZIP runs 266% above, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 60611 is 35.0%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 8.17%, and the average claim severity (amount paid per claim) is $25,584. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 1.92% in this ZIP, a rise of 9.6% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 60611 have risen by 30.5%, ranging from $4,581 to $6,317 with a five-year average of $5,474 — an annualized rate of +6.9% per year. FIO data aggregates voluntary reporting from the 40 largest homeowners insurers, covering roughly 80% of the U.S. market, so figures represent market averages rather than individual policy quotes; your own premium will vary with dwelling value, deductible, coverage limits, construction type, and insurer-specific underwriting. This page is educational research only and is not insurance advice — homeowners should request quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.