Home Insurance in Inverness, Illinois
With a median home value of $715,600, Inverness is 121% higher than the Cook County median.
The typical home in Inverness was built around 1984. About 16% of homes were built before 1960, about 33 points below Cook County's 49%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Inverness breaks down to 98% single-family homes.
In Inverness, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Inverness has an owner-occupancy rate of 98% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
In Inverness, 89% of homes are primarily heated with natural gas.
Cook County had 11,554 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). See the full Cook County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Illinois, the statewide average premium for a standard HO-3 homeowners policy is $1,480 per year (NAIC, 2023 data).
Key figures
| Median home value | $715,600 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 98% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Cook County | 11,554 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
- Barrington
- South Barrington
- Deer Park
- Rolling Meadows
- Kildeer
- Barrington Hills
- Lake Zurich
- Schaumburg
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)