Chicago, IL

Anderson Point Apartments: Renters Insurance Guide & What It Actually Costs

Last updated Apr 16, 2026

Looking for the best renters insurance for Anderson Point Apartments in Chicago? We break down what the lease requires, what coverage actually costs here (~$14/mo), the 5 discounts that may apply, and how the major carriers compare for your zip.

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Renters Insurance at Anderson Point Apartments

We found a few insurance details on Anderson Point Apartments's website. Your lease may have additional requirements — treat these as a starting point.

Lease Requirements

Interested party* Add property to policy
See how your options compare. Get a quote

* An "interested party" is the property management company listed on your insurance policy. It doesn't give them any claim rights — it just means they get notified if your policy lapses, which is how the leasing office verifies you stay insured.

One thing to watch for: when you purchase your policy, most carriers have a field where you add the property as an interested party — skip that step and your proof may get rejected. It takes 30 seconds during checkout. Start a quote to see which carriers handle this automatically.

What Affects Your Premium Here

Every building is different. These factors specific to Anderson Point Apartments can push your insurance cost up or down:

Controlled Access

Electronic/key fob entry — reduces unauthorized entry risk

Theft Reports

3 mentions in Google reviews

FEMA Flood Zone

Zone X — minimal flood risk

FBI UCR

Property crime rate: 3028/100K (92% above national average)

What You'll Likely Pay

$14

Est. Monthly

$165

Est. Annual

$13

With Discounts/mo

$15

State Avg/mo

How Much Coverage Makes Sense

Renters insurance has two main pieces: personal property coverage, which pays to replace your belongings if they're stolen or damaged (think furniture, electronics, clothes), and liability coverage, which protects you if someone gets hurt in your unit or you accidentally damage someone else's property. Here's what we'd recommend for Anderson Point Apartments based on the rent level and building features.

Personal Property

What your stuff is worth

$30,000 recommended

If you own less

$20,000

If you own more

$50,000

Liability

Covers accidental harm & lawsuits

$100,000 recommended

Standard minimum for most lease requirements in Illinois

How Carriers Compare for This Area

Not all carriers price the same zip code equally. Here's how the major options stack up near Anderson Point Apartments:

Carrier Monthly Annual
Lemonade $9/mo $108/yr
USAA $10/mo $122/yr
State Farm $14/mo $162/yr
Progressive $15/mo $176/yr
Safeco $15/mo $176/yr
Travelers $16/mo $189/yr
Allstate $17/mo $203/yr
Nationwide $17/mo $203/yr
Farmers $18/mo $216/yr
Liberty Mutual $20/mo $243/yr

Discounts You May Qualify For

Controlled access
-3%
Claims-free (if applicable)
-10%
Pay-in-full annual
-7%
Paperless/autopay
-3%
Multi-policy bundle
-10%

Next Step

See if you can beat $13/mo

5 discounts may apply here. Real quotes show your actual price — estimates can't.

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Property Crime & Theft Risk

Renters insurance pricing is driven by property crime — theft, burglary, and vehicle break-ins — not violent crime. Here's what the FBI's Uniform Crime Reporting data shows for Chicago.

Chicago property crime rate

3,028

per 100K residents

92% above U.S. avg

U.S. avg is 1,578 per 100K

Breakdown per 100K residents

Burglary
237 / 200
Larceny / theft
2,111 / 1,172
Vehicle theft
680 / 206

U.S. average

Higher-than-average property crime is why insurance carriers charge more in this zip code — your premium reflects the claims frequency for the area. Anderson Point Apartments also has on-site security features (Package service, Controlled access, Covered parking) that insurers recognize with discounts.

Source: FBI UCR Program, Chicago (2024-12 to 2025-11)

What Residents Are Saying

Based on Google reviews, here are the issues residents mention most often — and the ones that matter when choosing your coverage. Longer bars indicate more frequent discussion.

Maintenance Issues Common topic
Theft Common topic
Water Damage Mentioned

On-Site Security

Package service Controlled access Covered parking

Flood Risk

Standard renters insurance does not cover flood damage. FEMA maps every property into a flood zone — here's what that means for Anderson Point Apartments.

FEMA Zone X (Area Of Minimal Flood Hazard) — Minimal flood risk

Flood insurance optional but inexpensive in this zone.

Flood zone data from FEMA National Flood Hazard Layer (NFHL). Zones can change — verify at FEMA Flood Map Service.

5700 N Ashland Ave, Chicago, IL 60660

Andersonville

Built 2021 9 stories 155 units
3.1/5 ·33 reviews Google
2 reviews Apt. Finder
$1,595 – $3,095 /month

Monthly Cost Breakdown at Anderson Point Apartments

The listed rent isn't the whole number. Here's what Anderson Point Apartments actually costs each month once you add required fees and insurance.

Total Monthly Cost $2,309 – $3,809
Base Rent $1,595 – $3,095
Required Monthly Fees $700
Est. Renters Insurance $14/mo

Fees Beyond Rent

These are the additional charges beyond base rent at Anderson Point Apartments. Some are monthly, some are one-time — all of them affect your actual cost of living here.

Required Fees

Utility Bundle

Includes water, wastewater, trash, gas, heat, and Internet (minimum of 100 mbps). Charged per unit.

$175 / mo

Application Fee Per Applicant

Charged per applicant.

$65

Resident Onboarding Charge

Charged per unit.

$500

Pets Fees

Monthly Pet Fee

Charged per pet.

$25 / mo

Parking Fees

Parking Fee

Max of 1. Charged per vehicle.

$225 / mo

Garage Lot

Underground heated garage parking spots available!

Addons Fees

Renter's Insurance

Renter's Insurance is required and residents may choose their preferred supplier. Price listed is an estimate and will vary. Charged per unit.

$11

Pet Policy

Bringing a pet? Here's what Anderson Point Apartments allows. Standard renters insurance typically covers pet-related incidents, so you usually won't need any add-on coverage for a cat.

Pet policies are negotiable.

About Anderson Point Apartments

Year Built: 2021
Stories: 9 stories
Units: 155
Phone: (224) 408-5429

From the property listing:

Enjoy an Elevated Lifestyle at Anderson Point! Brand new rehab project with a new park being constructed right behind the building as well! APARTMENT FINISHES: Quartz Counters in Kitchen and Bathrooms, Soft Close Cabinets, Stainless Steel Appliances In-Unit Washer / Dryers, Grey Plank Flooring Throughout Unit, Solid Core Interior Doors, Ample Closet Space, Keyless Entry System BUILDING AMENITIES: Garage Parking, Secured Entry, Elevators, Rooftop Party Deck with Downtown Views, On Site Gym Coming Soon: Business Lounge

Frequently Asked Questions

Does Anderson Point Apartments require renters insurance?
We found specific coverage details on Anderson Point Apartments's website — these likely reflect lease requirements, but confirm with the leasing office. Even if it's not required, a policy typically runs under $20/month and covers you against theft, fire, and liability.
How much is renters insurance at Anderson Point Apartments?
For this zip code and building type, expect to pay around $14/month ($165/year). Anderson Point Apartments has security features that qualify for discounts — with those applied, you could pay as little as $13/month. For context, the statewide average is $15/month, so this building is right around average.
What will I actually pay per month at Anderson Point Apartments?
Plan for $2,309 to $3,809/month all-in. That's base rent ($1,595 – $3,095), plus $700/month in required fees (trash, utilities, etc.), plus roughly $14/month for renters insurance. Most apartment listing sites don't include those last two — so the sticker price can be misleading.
Does Anderson Point Apartments allow pets?
Pet policies at Anderson Point Apartments are handled on a case-by-case basis — contact the leasing office for details.
How safe is the area around Anderson Point Apartments?
Property crime in Chicago runs noticeably higher than the national average — 3,028 incidents per 100,000 residents versus the U.S. average of 1,578. That's the metric insurance carriers care about most for renters coverage, since property crime (theft, burglary, vehicle break-ins) drives most claims. Burglary specifically is 237/100K here. On the property itself, you'll find package service, controlled access, covered parking — features that can qualify for premium discounts.
What floor plans does Anderson Point Apartments offer?
There are 2 floor plans to choose from, spanning 1-bedroom, studio layouts. Rent ranges from $1,595 – $3,095. Your unit size can affect your insurance cost too — a larger unit typically means more belongings to cover.

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Disclaimer

The information on this page — including rent prices, fees, floor plans, amenities, insurance requirements, and safety data — is collected from publicly available sources and may not reflect the most current details. Apartment communities may update their offerings, policies, and pricing at any time. Always confirm details directly with the leasing office or the community's official website before making any decisions.

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