Cheapest Homeowners Insurance In Arizona - Arizona home insurance costs an average of $1,614 per year, but cost is one of the main factors that determine the best home insurance policy. We've collected thousands of quotes in hundreds of zip codes from Arizona's top home insurance companies to determine how they compare in cost, customer service, reliability, and coverage benefits.
The median annual home insurance rate in Arizona is $1,614. Rates in Arizona as a whole are 6.5% higher than the national average of $1,516.
Cheapest Homeowners Insurance In Arizona
With a savings of 34% compared to the statewide average, State Farm is the top insurance choice for most Arizona homeowners.
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State Farm offers average annual rates under $1,000 and includes all the standard coverage you'd expect in a home insurance policy, including personal property and liability protection.
State Farm also has excellent customer service ratings, and customers file complaints at a lower than average rate compared to other home insurance companies. With the benefits of national insurance and State Farm's commitment to providing high cost, flexibility, and service, it's a safe choice for most homeowners.
While State Farm doesn't offer many discounts, its affordable basic coverage rates leave room in the budget if you want to add additional coverage for:
When it comes to customer service, Farm Bureau is the top company in Arizona. If you need to make a claim, please contact your own agent directly. This makes the claim process more convenient, faster and easier. You can also file a single claim if you bundle insurance and storm or other accidental damage to your car, home, or other property.
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Farm Bureau doesn't offer many coverage options or special discounts, but for a small extra charge you can add umbrella coverage for added liability protection, as well as earthquake or flood insurance. If you value personal service, reasonable rates and comprehensive coverage, Farm Bureau is an excellent choice.
Chubb offers affordable policies with a number of unique benefits, including a free home appraisal, risk advisory, and a cash payment option if you'd rather walk away from the total loss of your home.
Chubb's main differentiating benefits are its comprehensive replacement cost coverage, which ensures that your home is repaired or rebuilt to its original condition, even if the cost exceeds the limits of your original policy. This coverage also protects you from the cost of upgrades to comply with new building codes in your area.
For Arizona homeowners concerned about wildfires, another important feature of Chubb is the Wildfire Defense Services (WDS) program. WDS provides risk assessment and active defense using private fire professionals if wildfire threatens your property. This service is free for Chubb home insurance customers who choose to sign up. However, due to additional coverage and customized services, many customers looking for general home insurance find Chubb's monthly cost too high.
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Most homeowners with ties to the military can get special coverage through USAA. Standard policies offered through USAA provide replacement cost coverage, protecting the value of your property even if its value has declined over time.
USAA's strong reputation is supported by several statistics. In Arizona, USAA has a NAIC Complaint Index of 0.14, meaning that its customers file complaints about one-sixth times as often as comparable insurers.
USAA is also affordable compared to the competition, with an average premium of $973 per year in Arizona. This pays coverage for replacement costs, as well as unique military benefits such as a deductible exemption for your uniform while on active duty and personal property protection that extends to war zones. The company has an excellent reputation as a financial services provider for members of the armed forces and their families; however, one of the main drawbacks of USAA is that it is only offered to military personnel or their families, so it is not available to most civilians.
Our analysis of housing costs in Arizona also gives us insight into price differences by location. The table below shows the average annual cost for homeowners in each city, as well as how it compares to the statewide average of $1614. Phoenix, the largest city in Arizona, has an average rate of $1798 per year, 11% above the state average. Tucson, the second largest city, has rates that are 6% cheaper than the national average.
Compare Homeowners Insurance Quotes For 2022
The cheapest city in Arizona for home insurance is Avenue B and C at $1,314 per year, while Bapcule is the most expensive at $2,253 per year.
Both Farm Bureau and USAA scored high marks from our editors for their combination of cheap quotes, great coverage options, and highly rated customer support.
Arizona has the fourth highest exposure to potential wildfire losses of the 50 states, according to data from Verisk Wildfire Risk Analytics. According to the same data, nine percent of Arizona homes -- 242,000 homes in all -- are at risk of wildfires.
While exposure to wildfires in Arizona is not nearly as severe as that in California, the threat is still high for homeowners who live closer to scrub and undeveloped areas. Fortunately, fire is a core coverage in standard HO-3 home insurance, so you're probably covered against the threat of your house burning down.
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Arizona's last major state-level flood occurred in January 1993, when unusually heavy rainfall caused severe damage around the Salt, Gila, and Verde River watersheds. While such a 100-year flood is unlikely to occur regularly, homeowners in Arizona should keep a few important facts in mind:
No location has zero risk of flooding. According to floodsmart, between 2014 and 2018, more than 40% of all flood claims filed were from homeowners outside high-risk areas. If you live in an area where flooding can cause significant damage to your property, consider purchasing separate flood insurance.
The average cost of homeowners insurance in Arizona is $1,614 per year, making the average monthly premium about $134 per month. This rate is slightly higher than the national average cost of home insurance, $1,516.
State Farm offers the lowest prices for Arizona residents, at about $76 per month, which is 57% cheaper than the state average of $134.
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Farm Bureau is best for most homeowners because of their low prices, strong customer service, and good overall coverage.
While most home insurance companies cover wildfire damage, you may want to invest in additional wildfire-specific coverage, especially if you have valuable items you want to protect.
To get the best coverage possible, consider adding extended replacement coverage, wildfire protection, and replacement costs to replace old, damaged items with new ones. If you live in an area with a high risk of wildfires, consider loss of use coverage, which pays for expenses such as hotel, laundry, and pet costs if you need to evacuate.
To find the best homeowners insurance in Arizona, we've gathered quotes from the top 10 companies in the state.
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We're comparing quotes for a typical home built in 1990 valued at $225,500, which is the median age and value of owner-occupied homes in Arizona, according to the latest US Census data.
's analysis used insurance cost data from Quadrant Information Services. Quadrant rates are generally derived from insurer filings and are used for comparison purposes only.
Home insurance reviews based on a combination of complaint data from the National Association of Insurance Commissioners (NAIC), JD Power's customer satisfaction survey, and its own editorial reviews.
To get an insurance quote over the phone, call: (855) 596-3655 | Agents are available 24 hours a day, 7 days a week! Keeping your home safe and sound is affordable. But in some states, you can take advantage of the cost of your home insurance premium.
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Finding the ideal home is more than just buying the perfect home. Many homeowners who want to protect their personal property from disasters such as theft or damage from weather-related events know the importance of finding a good home insurance policy. However, home insurance is not always cheap. According to the National Association of Insurance Commissioners, homeowners insurance rates rose 1.6% from 2016 to 2017, reflecting an upward trend in home insurance costs. Despite this upward trend, there are some states that manage to keep their premium costs relatively cheap.
Insurance companies determine your homeowner's insurance policy using many variables. Determining a home's responsibility based on its occupants and environment means that the cost of home insurance can vary depending on the area's typical weather conditions, the likelihood of theft, or other property damage such as vandalism. To dig deeper into the analysis of homeowners' insurance rates and geographic demographics, the data science team examined homeowners' insurance data to identify the ten states with the cheapest home insurance rates.
The data science and research team at , a site to compare homeowners' insurance policies, studied homeowners' data from the Insurance Institute Institute to determine the country with
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