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These are annual estimates. Get a personalized quote to determine your costs.
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.
TABLE OF CONTENTS
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.
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.
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.
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 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.
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.
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.
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
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
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.
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
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