Illinois Title Insurance Cost: What an Owner's and Lender's Policy Costs
An owner's title insurance policy on a $314,200 Illinois home costs about $2,235, and the lender's policy issued with it about $575, under the filed rate schedule. The owner's policy premium comes from the rate table in the filed manual (a fixed dollar amount per price bracket, minimum $1,995).
Illinois title insurance by purchase price
| Purchase price | Owner's policy | Lender's policy (issued together) | Both policies |
|---|---|---|---|
| $150,000 | $1,995 | $575 | $2,570 |
| $200,000 | $1,995 | $575 | $2,570 |
| $250,000 | $2,095 | $575 | $2,670 |
| $300,000 | $2,195 | $575 | $2,770 |
| $350,000 | $2,295 | $575 | $2,870 |
| $400,000 | $2,395 | $575 | $2,970 |
| $450,000 | $2,495 | $575 | $3,070 |
| $500,000 | $2,595 | $575 | $3,170 |
| $600,000 | $2,820 | $575 | $3,395 |
| $700,000 | $3,020 | $575 | $3,595 |
| $800,000 | $3,220 | $575 | $3,795 |
| $1,000,000 | $3,620 | $575 | $4,195 |
Illinois uses filed rates: each underwriter files its own rate manual with the state insurance department, so premiums differ by a few hundred dollars from one title company to another. The schedule below is one underwriter's filed rate. Schedule shown: Old Republic Title.
Illinois title insurance calculator
Enter a purchase price to see the owner's and lender's policy premiums from the filed Illinois rate schedule.
Who pays for the owner's policy
In Illinois the seller customarily pays for the owner's policy, so the figure below is usually the seller's cost; the buyer still pays the lender's policy. Reported as commonly cited Illinois custom (Illinois's standard residential contract forms typically have the seller furnish and pay for an owner's title commitment/policy); not confirmed against a primary official source, same caveat as data/closing/illinois.json.
When the owner's and lender's policies are issued together at closing, the lender's policy is charged at the reduced simultaneous-issue rate (a flat $575); that is the lender figure used on this page.
Title insurance at the county median price
The rate schedule is statewide; what changes from county to county is the home price. The ten most populous counties are shown; every Illinois county is in the list below.
| County | Median home price | Owner's policy |
|---|---|---|
| Champaign County | $205,100 | $2,015 |
| Cook County | $305,200 | $2,215 |
| DuPage County | $374,100 | $2,355 |
| Kane County | $303,000 | $2,215 |
| Lake County | $326,600 | $2,255 |
| Madison County | $167,900 | $1,995 |
| McHenry County | $286,900 | $2,175 |
| St. Clair County | $168,800 | $1,995 |
| Will County | $298,000 | $2,195 |
| Winnebago County | $155,100 | $1,995 |
All 102 Illinois counties
- Adams County
- Alexander County
- Bond County
- Boone County
- Brown County
- Bureau County
- Calhoun County
- Carroll County
- Cass County
- Champaign County
- Christian County
- Clark County
- Clay County
- Clinton County
- Coles County
- Cook County
- Crawford County
- Cumberland County
- De Witt County
- DeKalb County
- Douglas County
- DuPage County
- Edgar County
- Edwards County
- Effingham County
- Fayette County
- Ford County
- Franklin County
- Fulton County
- Gallatin County
- Greene County
- Grundy County
- Hamilton County
- Hancock County
- Hardin County
- Henderson County
- Henry County
- Iroquois County
- Jackson County
- Jasper County
- Jefferson County
- Jersey County
- Jo Daviess County
- Johnson County
- Kane County
- Kankakee County
- Kendall County
- Knox County
- Lake County
- LaSalle County
- Lawrence County
- Lee County
- Livingston County
- Logan County
- Macon County
- Macoupin County
- Madison County
- Marion County
- Marshall County
- Mason County
- Massac County
- McDonough County
- McHenry County
- McLean County
- Menard County
- Mercer County
- Monroe County
- Montgomery County
- Morgan County
- Moultrie County
- Ogle County
- Peoria County
- Perry County
- Piatt County
- Pike County
- Pope County
- Pulaski County
- Putnam County
- Randolph County
- Richland County
- Rock Island County
- Saline County
- Sangamon County
- Schuyler County
- Scott County
- Shelby County
- St. Clair County
- Stark County
- Stephenson County
- Tazewell County
- Union County
- Vermilion County
- Wabash County
- Warren County
- Washington County
- Wayne County
- White County
- Whiteside County
- Will County
- Williamson County
- Winnebago County
- Woodford County
Title insurance in Illinois cities
| City | Median home price | Owner's policy |
|---|---|---|
| Chicago | $315,200 | $2,235 |
| Aurora | $260,400 | $2,135 |
| Joliet | $248,600 | $2,095 |
| Naperville | $509,900 | $2,640 |
| Rockford | $120,900 | $1,995 |
| Elgin | $252,400 | $2,115 |
| Springfield | $155,200 | $1,995 |
| Peoria | $149,500 | $1,995 |
| Waukegan | $177,600 | $1,995 |
| Champaign | $199,700 | $1,995 |
What the two policies cover
The owner's policy protects your equity against title defects that predate your purchase: undisclosed liens, forged deeds, missing heirs, recording errors. The lender's policy protects only the mortgage lender for the loan amount and is required by nearly every lender. Premiums are one-time and paid at closing. Because underwriters file competing rates, getting two quotes at your purchase price is worth a few hundred dollars.
Frequently asked questions
How much is title insurance in Illinois?
On a $314,200 home, the Illinois median, an owner's title policy costs about $2,235 under the filed rate schedule, and the lender's policy issued with it costs $575, so both policies together are about $2,810. The premium rises with the purchase price; the table on this page shows it from $150,000 to $1,000,000.
Who pays for title insurance in Illinois?
In Illinois the seller customarily pays for the owner's policy, so the figure below is usually the seller's cost; the buyer still pays the lender's policy. Reported as commonly cited Illinois custom (Illinois's standard residential contract forms typically have the seller furnish and pay for an owner's title commitment/policy); not confirmed against a primary official source, same caveat as data/closing/illinois.json.
Is title insurance a one-time cost?
Yes. Both the owner's policy and the lender's policy are paid once at closing and cover the property for as long as you (or your lender) hold an interest in it. There are no annual premiums.
Can I shop for title insurance in Illinois?
Yes. Illinois underwriters file their own rate manuals, so premiums differ by company; ask two or three title companies for a quote at your price and compare their settlement fees as well.
Sources
Rates as filed or promulgated, checked September 22, 2026. Premiums are computed from the schedule above and rounded to the dollar; endorsements, settlement fees and search fees are separate. All sources.
See all Illinois buyer closing costs →
Premiums are computed from the rate schedule cited above and rounded to the dollar; your title company's quote may add endorsements, search and settlement fees. This is general information, not financial advice.
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