The Best Cheap Homeowners Insurance in Gilbert, Arizona for 2022: Quotes and Reviews

Homeowners insurance in Gilbert, Arizona, costs an average of $1,746 annually or $146 monthly. This rate can vary greatly depending on the insurer. You could realize savings of up to $4,075 by choosing a USAA policy, which costs $819 per year, compared to signing up for an Auto-Owners Insurance Co policy for $4,894 annually. USAA policies, however, are available only to members of the military. MoneyGeek has ranked the best homeowners insurance in Gilbert which strikes a balance between affordability and service quality.

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Last Updated: 9/25/2022
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The Cheapest and Best Homeowners Insurance in Gilbert

The Cheapest Home Insurance Companies in Gilbert

While most homeowners insurance companies offer similar core coverages, the price points tend to vary greatly. It’s worth your while to shop around.

Based on MoneyGeek’s analysis, the cheapest insurance providers in Gilbert for home insurance with $250,000 in dwelling coverage are:

  • ASI: $901 per year
  • Nationwide: $945 per year

Although USAA offers the cheapest policy at $819 per year, it’s available only to military families.

For more expensive homes in Gilbert, the cheapest homeowners insurance with $2,000,000 in dwelling coverage are:

  • American Family: $4,556 per year
  • Nationwide: $5,126

USAA offers the cheapest policy here, as well, but it’s available only to military families.

You can use the table below to see how prices change depending on dwelling coverage limits.

The Cheapest Home Insurance in Gilbert, Ranked

Dwelling Coverage:

$250,000

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Insurance Rates

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Coverage with a baseline dwelling amount of $250,000 includes personal property coverage of up to $100,000. The personal property coverage limit increases to $800,000 in policies with initial baseline dwelling coverage of $2,000,000. All these policies include a liability limit of $100,000.

Arizona residents living outside of Gilbert can explore rates for the best homeowners insurance in Arizona.

The Average Cost of Homeowners Insurance in Gilbert for 2022

Gilbert$1,746
Arizona$1,982
U.S.$2,103

Your property’s location can impact your premium rates. Fortunately for residents of Gilbert, the average cost of homeowners insurance is $1,746, which is cheaper than the state average of $1,982, as well as the national average of $2,103.

Calculate the Cost of Home Insurance in Gilbert

Location is not the only factor that drives the cost of your premiums. Other considerations, such as your chosen dwelling coverage limit, personal property coverage and credit score, can also affect your rates.

Use MoneyGeek’s homeowners insurance calculator to compare quotes.

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Home Insurance Calculator

State

Arizona

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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low end

on average

high end

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

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The Best Home Insurance Companies in Gilbert

Although it is tempting to shop around based solely on cost, you should also consider other factors, such as customer service quality and the insurer’s financial stability. You want to purchase a policy from a company that provides reliable and efficient service when you need to file a claim.

Based on MoneyGeek’s study, the best companies offering homeowners insurance in Gilbert are:

  • Best Overall: USAA
  • Runner-up: Nationwide

Please note that USAA policies are only available to current and former military personnel and their families.

MoneyGeek took into account affordability, user satisfaction and financial stability to determine these top picks.


1
USAA
Score:100

5/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

If you have a military background or are part of a military family, USAA is your best option for its affordability and customer service. It has the highest scores for customer satisfaction and affordability and offers easily customizable policies and unique coverages and discounts.

More About USAA

USAA offers a rental coverage add-on option for those who rent a part or the entirety of their home. This covers costs associated with being a landlord. The company also offers discounts for having home security systems and for remaining claim-free.

Read MoneyGeek's USAA home Insurance Review
2
Nationwide
Score:93

4.9/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Homeowners who value both affordability and excellent customer service should consider whether a policy from Nationwide fits their needs. Nationwide offers a host of unique coverage options, which makes it an attractive option for Gilbert homeowners.

More About Nationwide

Policyholders can purchase a roof replacement option where damaged roofs are replaced with improved protective materials. The company’s replacement cost option ensures your personal items are replaced with items of similar quality in the event of damage or loss.

Read MoneyGeek's Nationwide home Insurance Review

Cheapest Home Insurance Companies in Gilbert for Newly Constructed Homes

Most insurers consider newly constructed homes less risky to insure, which means premiums are significantly lower for new homes than for older ones. Owners of newly built homes benefit, because modern construction materials are more resistant to damage, and newer materials are easier to find and replace in the event of damage or loss.

Homeowners insurance costs an average of $1,245 per year for a newly constructed home in Gilbert, compared to $1,746 for a home built in 2000.

The companies that provide the cheapest homeowners insurance with $250,000 in dwelling coverage for newly constructed homes in Gilbert are:

  • ASI: $642 per year
  • Nationwide: $674 per year

While USAA is the cheapest, we did not include it here, because it’s only available to veterans and military families.

The Cheapest Home Insurance in Gilbert for New Homes, Ranked

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Cheapest Home Insurance Companies in Gilbert if You Have a Lot of Personal Property

The personal property you keep in your home is also covered by your homeowners insurance policy. If you have a large amount of personal property or possess high-value items, you might want to consider increasing your personal property coverage limits.

A standard policy with personal property limits of $250,000 costs an average of $1,892 in Gilbert, compared to an average of $1,746 for a policy with $100,000 in personal property limits.

In Gilbert, you will find the most affordable homeowners insurance companies offering policies with higher personal property limits from:

  • ASI: $976 per year
  • Nationwide: $1,024 per year

While USAA is the least expensive, it’s only available to current and former military members and their families.

Cheap Companies in Gilbert for Extra Personal Property Coverage

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Cheapest Home Insurance Companies in Gilbert for High Deductibles

Your policy’s deductible amount can greatly affect your premium rates. With a higher deductible, you will pay less premium, but you will shoulder more out-of-pocket costs if you make a claim.

It costs an average of $1,544 to purchase a policy with a $2,000 deductible in Gilbert, compared to the average rate of $1,746 for a policy with a $1,000 deductible.

Homeowners with high deductible policies who are looking to save on their premiums should consider the following companies:

  • ASI: $797 per year
  • Nationwide: $835 per year

USAA is the cheapest, at $724 per year, but the company offers policies only to current and former military members and their families.

The Cheapest Companies in Gilbert for High Deductibles, Ranked

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Cheapest Home Insurance Companies in Gilbert if You Have Poor Credit

This might seem unfair, but homeowners with lower credit scores are typically charged higher insurance premiums. Most insurers in Gilbert will factor in your credit score when calculating your annual or monthly rates. In Gilbert, the average cost of homeowners insurance for persons with bad credit is $3,060 per year, while homeowners with better credit scores pay an average of $1,746 per year.

The cheapest home insurance providers in Gilbert for those with poor credit are:

  • ASI: $1,564 per year
  • Nationwide: $1,571 per year
The Cheapest Companies in Gilbert for Poor Credit, Ranked

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Getting Online Homeowners Insurance Quotes in Gilbert

If you want to get a homeowners insurance quote online in Gilbert, you will need to provide information, such as:

  • Personal information: Insurers will generally ask you to provide your address, the number of people who live in your home, your insurance record and more.
  • Details about your house: You should know when your house was built, how big it is and whether you have any safety or security devices.
  • The replacement cost of your home: The cost of rebuilding your home will determine your dwelling coverage limits. This is not the same as the market value of your home. You can get an estimate from a building contractor.
  • The value of your personal property: The total value of the personal belongings within your home will determine your personal property coverage limit.
Insurance Rates

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Homeowners Insurance in Gilbert Analysis: Methodology

MoneyGeek analyzed home insurance rates from 13 insurance companies in Gilbert. Data for this analysis was provided in partnership with Quadrant. Quotes were collected for homes with varying coverage levels to calculate affordability scores.

In this analysis, the base profile for a homeowner was for a home with 2,500 square feet, built in the year 2000 with dwelling coverage of $250,000, personal property coverage of $100,000, liability coverage of $100,000, and a $1,000 deductible.

Quotes were also collected for homeowners with newly constructed homes, higher dwelling or personal property coverage limits, higher deductibles and poor credit scores.

Customer satisfaction ratings were drawn from J.D. Power surveys.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.