besthome insuranceScottsdaleThe Best Cheap Homeowners Insurance in Scottsdale, Arizona for 2024: Quotes and Reviews
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besthome insuranceScottsdaleThe Cheapest and Best Homeowners Insurance in Scottsdale
The Cheapest Home Insurance Companies in Scottsdale
Policy price is a vital consideration for homeowners as most providers offer the same core coverages. For a policy with $250,000 in dwelling coverage, the cheapest home insurance carriers in Scottsdale are:
- ASI: $946 per year
- Nationwide: $1,062 per year
The amount of coverage you buy helps determine the cheapest home insurance provider. For an expensive home with dwelling coverage limits of $2,000,000, the most affordable firms in Scottsdale are:
- USAA: $3,521 per year (only available to current and former military members and their families)
- American Family: $4,949 per year
Your dwelling coverage limits greatly influence your home insurance premium. You can use the table below to check how the price changes when you alter the dwelling coverage.
The Cheapest Home Insurance in Scottsdale, Ranked
Dwelling Coverage:
$250,000
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MoneyGeek’s sample home insurance policies have an initial baseline dwelling coverage of $250,000 and personal property limits of $100,000. Personal property limits increase to $800,000 for packages with a dwelling coverage of $2,000,000. Regardless of the dwelling coverage limits, liability coverage stays at $100,000.
If you live elsewhere in the state, you can still compare home insurance rates in Arizona as a whole.
The Average Cost of Homeowners Insurance in Scottsdale for 2021
Scottsdale$1,931
Arizona$1,982
U.S.$2,103
The average price of home insurance in Scottsdale is $1,931 per year or approximately $161 per month. This is $51 lower than the state average of $1,982 and $172 less than the national average of $2,103 per year.
Calculate the Cost of Home Insurance in Scottsdale
Your home insurance cost in Scottsdale depends on multiple factors, including the amount of dwelling and personal property coverage you purchase, your neighborhood and your credit score, among others. You can try MoneyGeek’s home insurance calculator to compare home insurance quotes in Arizona.
Home Insurance Calculator
State
Arizona
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Scottsdale
In addition to pricing, you should also evaluate providers’ financial stability and customer service quality while making your choice. Do your homework and select a carrier that can pay out your claims fairly and quickly.
MoneyGeek’s data shows that the firms with the best homeowners insurance in Scottsdale are:
- Best Overall: USAA (only available to current and former military members and their families)
- Runner-up: Nationwide
MoneyGeek’s scoring formula ranks home insurance companies based on the three criteria of affordability, customer satisfaction and financial stability.
1
USAA
Score:99
For landlords who rent out a room or their entire home, USAA offers home-sharing coverage. Homeowners in Nevada, Washington and California can include earthquake coverage in their policy. Active service personnel are covered for the loss of their uniforms with no deductible applied. Homeowners can get discounts for installing security devices and by remaining claims-free.
More About USAA
USAA serves only veterans, current military members and their families. It ranks consistently as one of the best and cheapest insurers in the country, including in Scottsdale. USAA gets the top spot in Scottsdale because of its maximum points for customer satisfaction and financial stability.
2
Nationwide
Score:94
Apart from standard coverage, Nationwide presents several useful add-ons. You can easily include flood insurance in your policy. The water backup coverage feature covers multiple water-related perils. Finally, the Better Roof Replacement coverage will replace your roof with sturdier materials if it gets damaged.
More About Nationwide
Nationwide takes second place with high scores across all parameters — particularly affordability. It offers replacement cost coverage for your belongings, which means you’ll get new items of similar quality for your damaged goods.
3
State Farm
Score:93
4
Farmers
Score:92
5
Chubb
Score:91
6
American Family Insurance
Score:90
7
ASI
Score:90
8
MetLife
Score:90
9
Allstate
Score:89
10
Country Financial
Score:87
11
Travelers
Score:83
12
AAA
Score:78
13
Auto-Owners
Score:77
Cheapest Home Insurance Companies in Scottsdale for Newly Constructed Homes
Home insurance is generally cheaper for newly built houses in Scottsdale because modern materials are stronger and cannot be damaged easily. Insurers also find it cheaper and easier to replace newer materials.
Home insurance for a newly built home in Scottsdale costs $1,377 per year on average, while the rate for a home built in 2000 is $1,931 per year.
For a newly constructed home with $250,000 in dwelling coverage, the two providers that can offer you the cheapest home insurance in Scottsdale are:
- ASI: $674 per year
- Nationwide: $757 per year
The Cheapest Home Insurance in Scottsdale for New Homes, Ranked
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Cheapest Home Insurance Companies in Scottsdale if You Have a Lot of Personal Property
Home insurance includes coverage for your personal property. The higher the amount of personal property coverage you purchase, the higher the premium you’ll pay. A standard home insurance policy in Scottsdale with personal property limits of $250,000 costs $2,092 per year compared to $1,931 for a plan with personal property coverage limits of $100,000.
For Scottsdale residences that keep $250,000 in dwelling coverage and raise personal property coverage limits to $250,000, the two most affordable home insurance providers are:
- ASI: $1,025 per year
- Nationwide: $1,151 per year
Cheap Companies in Scottsdale for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Scottsdale for High Deductibles
Providers charge a deductible to process your claim. The higher the deductible, the lower will be the policy cost. For instance, a policy with a $2,000 deductible costs $1,707 on average compared to the rate of $1,931 for a policy with a $1,000 deductible.
The two firms with the cheapest home insurance in Scottsdale for homeowners with a $2,000 deductible are:
- ASI: $836 per year
- Nationwide: $939 per year
The Cheapest Companies in Scottsdale for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Scottsdale if You Have Poor Credit
In Scottsdale, providers consider your credit score while calculating your premium. Home insurance cost is higher for individuals with a poor credit score, as insurers deem these customers more likely to file claims.
For instance, a policy costs $3,390 on average in Scottsdale for those with a bad credit score compared to $1,931 for people with a good credit standing.
For homeowners with a bad credit score, the cheapest home insurance carriers in Scottsdale are:
- ASI: $1,646 per year
- Nationwide: $1,764 per year
The Cheapest Companies in Scottsdale for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Scottsdale
Home insurance companies will request the following information to give you an online quote:
- Home replacement cost – This is the price it will take to rebuild your residence using similar materials after a disaster. The replacement cost for your house impacts your dwelling coverage limits. Ideally, you should hire a building contractor or an independent appraiser to obtain an accurate estimate.
- Personal property value – Your personal possessions’ value will decide the personal property coverage limits.
- Personal information – You’ll need to provide your address, the number of people in your home, insurance history and other information.
- Details about your home – Inform the insurer about the age and size of your residence and whether you have any security devices installed.
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Homeowners Insurance in Scottsdale Analysis: Methodology
MoneyGeek used the profile of the average homeowner who has a 2,500-square-foot home built in 2000, with dwelling coverage of $250,000, personal property coverage of 100,000 and liability coverage of $100,000. All plans have deductibles worth $1,000.
MoneyGeek assessed home insurance premiums from 13 carriers in Scottsdale using the data provided in partnership with Quadrant. We calculated affordability using rates for a home with varying coverage levels. We obtained customer satisfaction ratings from J.D. Power. We captured quotes from homeowners with newly constructed homes, poor credit scores, increased dwelling or personal property coverage and higher deductibles to provide precise data for different scenarios.
About Mark Fitzpatrick
sources
- Insurance Information Institute. "Background On: Credit Scoring." Accessed April 25, 2021.