The Best Cheap Homeowners Insurance in Chandler, Arizona for 2022: Quotes and Reviews
On average, homeowners insurance in Chandler, Arizona, costs $1,770 per year, but this rate varies widely depending on the insurer.
ASI is the cheapest option, costing $944 per year, while Auto-Owners Insurance Co is the most expensive insurer at $4,997 per year. This means that you could save up to $4,053 just by shopping around.
MoneyGeek ranked the best homeowners insurance in Chandler to help you find the best option for your needs.
REVIEW HOME INSURANCE RATES
The Cheapest and Best Homeowners Insurance in Chandler
The Cheapest Home Insurance Companies in Chandler
Most insurance companies offer the same core coverages at different rates, so homeowners can save a lot of money by comparing costs.
On average, the cheapest home insurance providers in Chandler for policies with $250,000 in dwelling coverage are:
- ASI: $944 per year
- Nationwide: $1,015 per year
Residents with more expensive homes may need higher dwelling coverage to adequately protect their home from damages. The most affordable options for homeowners in Chandler looking for policies with $2 million in dwelling coverage are:
- American Family: $4,727 per year
- Nationwide: $5,590 per year
USAA was identified as an affordable option for home insurance in Chander, AZ for all dwelling coverage amounts. However, since coverage is only available to former military members and their families, it was not included in MoneyGeek’s ranking.
Check out how adjusting the dwelling coverage limit affects the price of your home insurance using the table below.
The Cheapest Home Insurance in Chandler, Ranked
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All the rates mentioned above have a liability limit of $100,000. Policies with a starting baseline dwelling coverage of $250,000 include personal property limits of $100,000, while initial baseline dwelling coverages of $2 million include $800,000 in personal property coverage.
If you live in Arizona but outside of Chandler, you may look up your rates using MoneyGeek’s top picks for the best and most affordable homeowners insurance in Arizona.
The Average Cost of Homeowners Insurance in Chandler for 2022
Homeowners in Chandler pay less for home insurance than others in the state and the rest of the country. The average cost of home insurance in Chandler is $1,770 per year, $212 less than the state average of $1,982 and $333 less than the national average of $2,103.
Calculate the Cost of Home Insurance in Chandler
Many factors determine the cost of your homeowners insurance aside from the location of your property. The dwelling coverage limit and personal property coverage that you purchase and your credit score will have an impact on your rates.
Using MoneyGeek’s homeowners insurance calculator, you can compare quotes to find the best home insurance for you.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Chandler
Chandler residents should not solely focus on premium cost, as an insurance provider’s customer service and financial stability will also determine how quickly and efficiently their claim is processed. Filing for a claim can be a stressful experience, but quality customer service can make the process fast and painless.
MoneyGeek’s research identified the companies offering the best homeowners insurance in Chandler and these are:
- Best Overall: Nationwide
- Runner-up: State Farm
MoneyGeek’s unique scoring system evaluated insurers based on affordability, user satisfaction and financial stability.
Nationwide received high scores for affordability, financial stability and customer service, making it the best overall home insurance provider in Chandler. On average, homeowners in Chandler pay $1,015 per year for a home insurance policy with Nationwide. The company offers several unique coverage options, including better roof replacement coverage and natural disaster coverage.
There are many unique coverage options offered by Nationwide. By purchasing the insurer’s optional feature called Better Roof Replacement, homeowners can have peace of mind that their roofs will be replaced by improved materials in the event of damage. Adequate protection from natural disasters is also provided by Nationwide’s earthquake damage coverage and flood protection coverage options.Read MoneyGeek's Nationwide home Insurance Review
State Farm received the second-best ranking for home insurance providers in Chandler. Homeowners pay an average of $1,215 per year for a home insurance policy. The provider offers several add-on coverage options, including home systems protection and service line coverage.
The optional home systems protection coverage available through State Farm covers your home’s electrical generation systems and heating or cooling systems. Your home is further protected through service line coverage, which covers the cost of damages to underground piping and electric or service lines. State Farm also makes it easy to increase your personal property limits for high-value items like jewelry and business property.Read MoneyGeek's State Farm home Insurance Review
Cheapest Home Insurance Companies in Chandler for Newly Constructed Homes
Typically, insurers charge lower premiums for newly constructed homes because most modern construction materials are more resistant to damage. This makes it less likely for policyholders to make a claim. Newer materials also tend to be easier to find and replace, thereby making it less costly in the event of a claim.
In Chandler, it costs an average of $1,150 per year to insure a newly constructed home, which is 65% less than the premium cost of $1,770 for a home that was built in 2000.
On average, the insurers that provide the most affordable homeowners insurance in Chandler for newly-built homes with $250,000 dwelling coverage are:
- ASI: $519 per year
- Nationwide: $614 per year
The Cheapest Home Insurance in Chandler for New Homes, Ranked
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Cheapest Home Insurance Companies in Chandler if You Have a Lot of Personal Property
Homeowners insurance policies in Chandler also cover damages to personal property within your home. You may want to increase your personal property coverage limits if you own several high-value items like jewelry or expensive artwork.
In Chandler, a standard policy with personal property limits of $250,000 costs an average of $1,959 compared to an average of $1,770 for $100,000 in personal property limits.
The most affordable homeowners insurance companies in Chandler for those who are looking to get personal property limits of at least $200,000 are:
- ASI: $1,073 per year
- Nationwide: $1,097 per year
Cheap Companies in Chandler for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Chandler for High Deductibles
Policies with higher deductibles generally have lower premiums but you will pay more money out of pocket if you make a claim.
In Chandler, a policy with a $2,000 deductible costs on average $1,552 yearly, compared to the cheapest rate of $944 per year for a $1,000-deductible policy
MoneyGeek found that the following insurers provide the cheapest options for homeowners with high deductible policies:
- ASI: $805 per year
- Nationwide: $876 per year
The Cheapest Companies in Chandler for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Chandler if You Have Poor Credit
Most home insurance providers in Chandler will look at your credit score to determine your insurance rate. Homeowners with poor credit scores will pay higher premiums than those with good credit scores. For example, the average cost of homeowners insurance for those with bad credit is $3,126 per year, while those with good credit scores pay $1,770 per year, on average.
Chandler residents with poor credit will find the cheapest home insurance policies from:
- ASI: $1,648 per year
- Nationwide: $1,687 per year
The Cheapest Companies in Chandler for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Chandler
Getting a quote online is a quick and easy process, but you will need to have a lot of information on hand. The information that’s required by most insurance companies is listed below:
- Personal information: The insurer will require you to provide personal information, such as your address, information about who lives in your home, your insurance history, among others.
- The replacement cost of your home: This refers to the cost of rebuilding your home which serves as a basis for your dwelling coverage limits. This is not the market value of your home. We recommend reaching out to a construction professional for an accurate estimate.
- The value of your personal property: This will be used to determine the personal property coverage limit that will provide you with adequate protection.
- Details about your house: This includes the age and size of your home, as well as any safety or security features that you might have installed. Additional information may be required based on the insurance provider.
Homeowners Insurance in Chandler Analysis: Methodology
MoneyGeek analyzed home insurance rates from 13 insurance companies in Chandler for homes with varying coverage levels to calculate affordability scores. Quotes were also collected for homeowners with newly constructed homes, higher dwelling or personal property coverage limits, higher deductibles and poor credit scores. Data for this analysis was provided in partnership with Quadrant and customer satisfaction ratings were obtained from J.D. Power Surveys
In this analysis, the base profile for a homeowner was for a 2,500-square-foot, built in 2000, with a dwelling coverage of $250,000, personal property coverage of $100,000 and liability coverage of $100,000. All policies had a $1,000 deductible.
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