The Best Cheap Homeowners Insurance in Mesa, Arizona for 2022: Quotes and Reviews
In Mesa, Arizona, the average cost of homeowners insurance is $1,944 per year or $162 per month. The rates, however, vary from one company to another. At $981 yearly, ASI provides the cheapest average home insurance quote in Mesa. The most expensive policy is from Auto-Owners, which costs $5,617 annually. This implies that homeowners can save up to $4,636 yearly by shopping around for the best prices. MoneyGeek ranked the best and cheapest homeowners insurance companies in Mesa to assist those looking for quality service at the best rates.
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The Cheapest and Best Homeowners Insurance in Mesa
The Cheapest Home Insurance Companies in Mesa
When comparing quotes from different companies, you will notice that the majority of them have similar core coverages. Cost is an important aspect to consider when selecting a home insurance policy in Mesa.
For a home insurance policy with $250,000 dwelling coverage, the two cheapest home insurance companies in Mesa are:
- ASI: $981 per year
- Nationwide: $1,064 per year
The cheapest insurance providers for expensive homes covered by a $2 million dwelling coverage are:
- USAA: $3,515 per year (only serving current and former military members and their families)
- American Family: $4,816 per year
The dwelling coverage limits you choose also help determine your home insurance rates. Check out the table below to see how changing your dwelling coverage limit affects your insurance rates.
The Cheapest Home Insurance in Mesa, Ranked
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The insurance plans considered for the study have an initial baseline dwelling coverage of $250,000 and personal property coverage of $100,000. The personal property limit increases to $800,000 for plans with a $2 million dwelling coverage limit. Regardless of the dwelling coverage amounts, the liability limit on all policies is $100,000. You can also compare statewide home insurance rates with various companies if you live in another part of Arizona.
The Average Cost of Homeowners Insurance in Mesa for 2021
Home insurance in Mesa costs an average of $1,944 per year or $162 per month. This is lower than Arizona's yearly state average of $1,982 and the national average of $2,103.
Calculate the Cost of Home Insurance in Mesa
While your location impacts the cost of your home insurance policy, other factors, such as the amount of dwelling and personal property coverage you buy and your credit score, also play a role. MoneyGeek's home insurance calculator will assist you in comparing rates from various Arizona insurers.
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These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Mesa
When it comes to choosing a homeowners insurance company in Mesa, price is a critical factor. But you should also consider the customer service experience and financial stability ratings of the companies you’re comparing. Since you're more likely to file a claim during a difficult period, a financially secure insurer will be able to cover your valid claim reasonably and quickly, providing you with peace of mind.
According to a MoneyGeek analysis, the best home insurance companies in Mesa are:
- Best Overall: USAA (only serving current and former military members and their families)
- Runner-up: Nationwide
MoneyGeek ranked the best homeowners insurance companies in Mesa based on customer satisfaction, affordability and financial stability.
Discounts are available to USAA policyholders who have installed home security systems in their homes. Furthermore, the company provides claim-free discounts to those who have not made a claim in the last few years. The insurer also covers any loss of uniforms for active service personnel without considering the deductible.
MoneyGeek's top pick for Mesa is USAA, which earned a score of 99.4 out of 100. It received top ratings in various categories, including J.D. Power's customer service and AM Best's financial stability. However, the company only insures the homes of active and retired military members.Read MoneyGeek's USAA home Insurance Review
Most home insurance plans don't offer flood damage coverage. By including Nationwide's flood insurance add-on, you can cover the costs incurred by flood-related damages. Nationwide's water backup coverage is another feature that allows you to protect your home from water-related perils. Its identity theft compensation coverage assists homeowners in covering the costs of restoring their personal identification documents.
Nationwide is the runner-up, ranking highly in several categories, including MoneyGeek's affordability ranking. The Better Roof Replacement add-on will help replace damaged roofs of homes with improved materials.Read MoneyGeek's Nationwide home Insurance Review
Cheapest Home Insurance Companies in Mesa for Newly Constructed Homes
In Mesa, newly built homes are significantly less expensive to insure than older homes. Since they are constructed from new and modern materials, new homes are more resistant to damages. Since those who own new homes are less likely to file claims, and because it is easier to replace newer products, insurers provide them with lower-cost home insurance.
The average cost of home insurance in Mesa for a newly constructed home is $1,252 per year, compared to $1,944 for a home built in 2000.
The following are the two cheapest homeowners insurance providers in Mesa that have $250,000 in dwelling coverage for newly built homes:
- ASI: $533 per year
- Nationwide: $638 per year
The Cheapest Home Insurance in Mesa for New Homes, Ranked
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Cheapest Home Insurance Companies in Mesa if You Have a Lot of Personal Property
The home insurance policy you purchase will cover both your home’s structure and the personal property you want to insure. The more personal property you insure, the higher the premium. A standard home insurance policy with personal property limits of $250,000 will cost Mesa residents an average of $2,151 per year. A $100,000 personal property coverage limit, on the other hand, will cost you $1,944 per year on average.
For homes with a $250,000 dwelling coverage and high personal property limits, the two cheapest home insurance providers in Mesa are:
- USAA: $1,110 per year (only for military personnel and their families)
- ASI: $1,115 per year
Cheap Companies in Mesa for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Mesa for High Deductibles
The deductible on your homeowners insurance policy is the amount of money you must spend out of pocket before your insurer will pay your claim. The policy deductible also helps determine the cost of your homeowners insurance premium. The insurance premium will be lower if you choose a higher deductible.
A home insurance policy with a $2,000 deductible costs $1,704 on average in Mesa, while a policy with a $1,000 deductible costs $1,944, a difference of $240.
For homes with a $2,000 deductible in their insurance policies, the following two companies provide the cheapest homeowners insurance in Mesa:
- ASI: $836 per year
- USAA: $910 per year (only serving current and former military members and their families)
The Cheapest Companies in Mesa for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Mesa if You Have Poor Credit
To calculate the insurance quotes for your home, insurance companies in Mesa also consider your credit score. An individual with a low credit score is considered highly likely to file a claim.
If you have a poor credit history, a standard home insurance policy in Mesa would cost you an average of $3,420 per year. On the other hand, those with good credit will pay $1,296 less per year for the same policy, at $1,944.
The following are the most affordable homeowners insurance providers in Mesa for those with a poor credit rating:
- ASI: $1,723 per year
- Nationwide: $1,768 per year
The Cheapest Companies in Mesa for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Mesa
To obtain online home insurance quotes in Mesa, homeowners must provide a few specifics, including the items mentioned below.
- Home replacement cost: This is an estimation of the cost of returning your home to its best state after being damaged by a covered peril. Insurers also use this estimate to evaluate the dwelling coverage for your home insurance policy.
- Personal property value: The value of the personal possessions you want to insure determines the personal property coverage limit for your home insurance policy.
- Personal information: To receive online home insurance quotes, you must provide personal information, such as your home address, insurance claim history, credit score and the number of people residing in your home.
- Home details: To present you with a more accurate home insurance quote, insurers will need to know the age of your home, its size and any built-in safety features, among other items.
Homeowners Insurance in Mesa Analysis: Methodology
MoneyGeek used Quadrant data to perform this analysis on 13 insurance companies from Mesa. For the affordability ratings, we considered a home with varying amounts of coverage. We also used J.D. Power's surveys to determine each company's level of customer satisfaction.
The baseline profile was an average homeowner with a 2,500-square-foot home built in 2000. The home was insured for $250,000 in dwelling coverage, $100,000 in personal property coverage and $100,000 in liability coverage. Regardless of coverage level, all plans under consideration had a $1,000 deductible.
Profiles of homeowners with newly built houses, higher deductibles, poor credit and increased dwelling or personal property coverage were also used.
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