Insurance
Arizona Homeowners Insurance Calculator: Free Cost Estimator (2024)
Updated: May 22, 2024
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MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
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Jul 26, 2024
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According to MoneyGeek's analysis, ASI offers the most affordable homeowners insurance in Arizona. We researched cheap home insurance providers in Arizona to identify the most cost-effective choices for different profiles.
We also listed the top homeowners insurance companies in Arizona for various buyer and home types if you're looking for insurers that strike a mix between affordability and service quality.
How to Estimate the Cost of Your Homeowners Insurance Policy in Arizona
The cost of homeowners insurance in Arizona varies from person to person since geography, credit score, property value and other individual criteria are considered. By entering your information into the calculator below, you can get a personalized estimate for your homeowners insurance premiums.
Arizona
Your home insurance rates can vary greatly depending on where you live. For instance, insurance companies may view your property as riskier to insure and charge you a higher rate if you live in an area with a high prevalence of crimes or natural disasters. The good news is that the opposite is also true — if there are comparatively few dangers in your area, you can expect a lower rate.
Dwelling Coverage
The amount of money needed to reconstruct your home if it is destroyed is referred to as dwelling coverage. It takes into account your home's size, age, features and more. The average amount of dwelling coverage in Arizona is $250K.
Deductible
The deductible is the sum of money you must pay out of pocket prior to your insurance coverage taking effect if you file a claim under your homeowners insurance policy. To give an example, if you have a $1,000 deductible and you file a claim for $10,000, you would be responsible for paying $1,000. The remaining $9,000 of the claim will be paid by your insurance provider.
Liability
Liability insurance will cover the expenses for third-party injuries and property damage in your home as a result of your negligence. Fees for legal, repair, medical, pain, suffering and death benefit costs may be covered by liability insurance. We advise acquiring liability insurance that will fully protect all of your assets. After all, to add thousands of dollars to your coverage, you only need to pay a few dollars more.
Personal Property
Objects inside and outside of your home are considered your personal property. This section of your policy covers reimbursement in the event that your possessions are destroyed or stolen. You may determine how much personal property insurance you require with the Arizona home insurance calculator below. This can help ensure that your insurance is sufficient.
Credit Score
When determining your home insurance premiums, insurance companies take your credit score into account. Because they are more likely to make a claim, homeowners with lower credit scores are viewed as riskier by insurers.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
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Average Cost of Home Insurance in Arizona
According to MoneyGeek's analysis, Arizona is somewhat less expensive than the national average for homeowners insurance. Even though the state ranks 29th in terms of affordability, its average rates are still a bit lower than the nationwide rate. The average Arizona homeowner will pay about $2,167 per year for a policy with the suggested $250K amount of dwelling coverage, saving roughly 10% compared with the national average.
However, you may need more or less than the baseline of $250K in dwelling coverage. If so, take a look at the table below, which shows the average home insurance cost in Arizona based on dwelling coverage amounts.
Average Annual Premium in Arizona for Homeowners Insurance
| $100,000 | Average Annual Premium$1,621 |
| $250,000 | Average Annual Premium$2,167 |
| $500,000 | Average Annual Premium$4,599 |
| $750,000 | Average Annual Premium$6,537 |
| $1,000,000 | Average Annual Premium$8,877 |
| $2,000,000 | Average Annual Premium$19,845 |
| $3,000,000 | Average Annual Premium$31,064 |
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One of the most crucial components of your homeowners insurance is dwelling coverage. In the event of a total loss, you'll need enough coverage to cover the cost of rebuilding your house.
The amount of dwelling coverage you'll need will depend on several factors, including the age, shape, size and features of your home. You can estimate this with the assistance of your insurance provider or a qualified appraiser.
Always get enough dwelling insurance to pay for the expense of reconstructing your home. For an added layer of security, you can also purchase extended replacement coverage or inflation guard coverage.
Average Cost of Home Insurance in Arizona Cities
Since there are regional differences in the factors influencing homeowners insurance premiums, the cost of coverage in Arizona also varies by city. Use the table below to determine your premium costs based on where you reside in the state.
Average Annual Premium in Arizona Cities for Homeowners Insurance
| Chandler | Average Annual Premium ($100K Dwelling Coverage)$1,454 | Average Annual Premium ($250K Dwelling Coverage)$1,863 |
| Gilbert | Average Annual Premium ($100K Dwelling Coverage)$1,429 | Average Annual Premium ($250K Dwelling Coverage)$2,403 |
| Glendale | Average Annual Premium ($100K Dwelling Coverage)$1,583 | Average Annual Premium ($250K Dwelling Coverage)$2,661 |
| Mesa | Average Annual Premium ($100K Dwelling Coverage)$1,587 | Average Annual Premium ($250K Dwelling Coverage)$2,096 |
| Phoenix | Average Annual Premium ($100K Dwelling Coverage)$1,895 | Average Annual Premium ($250K Dwelling Coverage)$2,462 |
| Scottsdale | Average Annual Premium ($100K Dwelling Coverage)$1,572 | Average Annual Premium ($250K Dwelling Coverage)$2,660 |
| Tucson | Average Annual Premium ($100K Dwelling Coverage)$1,442 | Average Annual Premium ($250K Dwelling Coverage)$1,861 |
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If you have the means, Allstate is the best overall nationwide homeowners insurance provider, according to our analysis, even if it isn’t our top pick in Arizona. MoneyGeek has a thorough review of which companies are the best homeowners insurance providers based on your needs if you want to learn more.
Frequently Asked Questions About Home Insurance in Arizona
Due to the many considerations you must take into account, purchasing homeowners insurance in Arizona might not be easy. To help you understand more about the subject, MoneyGeek provided answers to some frequently asked questions.
How much does homeowners insurance cost in Arizona?
The average annual cost of homeowners insurance in Arizona is $2,167 for a $250K dwelling coverage. This is roughly 10% less than the national annual average.
How do I know how much dwelling coverage to get?
The typical baseline dwelling coverage in Arizona is $250K. To decide how much dwelling coverage to get, you must first calculate the cost of rebuilding your home, which includes finding the current costs for labor, supplies and the structure itself. You should be able to get assistance from an appraiser or your real estate company.
Insurance
Methodology
To determine the average cost of homeowners insurance in Arizona, MoneyGeek sourced pricing data from Quadrant Information Services.
MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance. This standard home profile consists of the following attributes:
- Construction year: 2000
- Construction type: Frame
- Composition roof
- Three-mile radius from the fire department
- Assumed value of other structures on the property: 10% of the dwelling coverage
- Personal property coverage: 40% of the dwelling coverage
- Liability limit: $100,000
- Deductible: $1,000
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.