The Cheapest and Best Homeowners Insurance in Tucson
The Cheapest Home Insurance Companies in Tucson
How much a homeowners insurance policy in Tucson costs is an important consideration, especially since most insurers in the city offer the same core coverages.
The top options for Tucson residents looking for cheap homeowners insurance with $250,000 in dwelling coverage are:
- ASI: $903 per year
- Nationwide: $917 per year
Homeowners insurance rates will change depending on the amount of dwelling coverage you purchase. The more dwelling coverage you buy, the higher your premium. The most affordable options for expensive homes with a dwelling coverage of $2,000,000 are:
- USAA: $3,812 per year (only available to current and former military members and their families)
- American Family: $4,714 per year
See how prices compare at different dwelling coverage limits in the table below.
The Cheapest Home Insurance in Tucson, Ranked
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The sample home insurance policies with the initial baseline dwelling coverage have personal property limits of $100,000. Policies with dwelling coverage of $2,000,000 have $800,000 personal property limits. The liability coverage amount for all policies is $100,000.
Arizona residents who live in another city in the state may benefit from learning more about home insurance in Arizona.
The Average Cost of Homeowners Insurance in Tucson for 2021
Homeowners insurance in Tucson costs $1,696 per year, on average. For comparison, that’s $286 less than the $1,982 state average. The national average is $2,103, which means Tucson homeowners typically pay $407 less for home insurance.
Calculate the Cost of Home Insurance in Tucson
While neighborhood location affects home insurance prices, it’s not the only determining factor when calculating home insurance rates in Tucson. Your premium will also be based on dwelling coverage limits, amount of personal property coverage, credit score and other individualized factors. You can compare home insurance quotes using MoneyGeek’s home insurance calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Tucson
Finding cheap homeowners insurance in Tucson shouldn’t be the only consideration when shopping for a policy. Policyholders file claims during a stressful time, so it’s important to find a provider that can process your claim quickly, fairly and courteously.
Based on MoneyGeek’s study, the best home insurance companies in the city for affordability, financial stability and customer experience are:
- Best Overall: USAA (only available to current and former military members)
- Runner-Up: Nationwide
These rankings are based on MoneyGeek’s unique scoring system, which evaluates affordability, user satisfaction and financial stability.
USAA rewards policyholders who value safety: Homeowners who have protective security systems in place and remain claims-free can receive steep reductions in their premiums. The company also looks out for landlords: if you rent out a room or your home, you can purchase home-sharing coverage.
USAA has high ratings across categories, including a perfect score in user satisfaction. Keep in mind that its policies are only available to current and former military members and their families.Read MoneyGeek's USAA home Insurance Review
Nationwide offers unique features that other companies may not have. For instance, homeowners can include Better Roof Replacement coverage in their policy. With this coverage, Nationwide will replace your roof with improved protective materials if it’s damaged due to a covered peril. Homeowners can also add identity theft coverage to cover the costs of keeping their personal data safe and secure.
High ratings across all categories make Nationwide the clear runner-up in Tucson. This company is an excellent option for homeowners who don’t qualify for a USAA policy.Read MoneyGeek's Nationwide home Insurance Review
Cheapest Home Insurance Companies in Tucson for Newly Constructed Homes
The cost to insure newly constructed homes in Tucson can be much cheaper than older homes. Since modern materials tend to be more resistant to damage, the probability of making a claim is smaller. It’s also easier for insurers to replace newer materials since they tend to be cheaper and more widely available.
The average cost of homeowners insurance in Tucson for a newly built home is $1,137 per year, or $559 cheaper than the $1,696 premium for a dwelling constructed in 2000.
Based on average rates, the most affordable insurance options for homeowners with newly constructed homes in Tucson are:
- ASI: $497 per year
- Nationwide: $587 per year
The Cheapest Home Insurance in Tucson for New Homes, Ranked
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Cheapest Home Insurance Companies in Tucson if You Have a Lot of Personal Property
Home insurance policies cover damages to personal belongings you keep at home. You can purchase higher coverage to cover more personal property, but it’ll increase the price of your homeowners insurance. It costs an average of $1,877 per year to have a standard policy with personal property limits of $250,000. Meanwhile, a standard policy with personal property coverage limits worth $100,000 costs an average of $1,696 per year.
For homeowners looking for a policy with high personal property limits, the cheapest companies are:
- Nationwide: $986 per year
- ASI: $1,025 per year
Cheap Companies in Tucson for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Tucson for High Deductibles
When making a claim, the policyholder pays a certain amount out-of-pocket, referred to as a deductible. Your deductible has a sizeable impact on your homeowners insurance Tucson rates. The higher your deductible, the lower your annual premiums because you’ll pay more out-of-pocket if you make a claim. In Tucson, the average cost of a standard policy with a $1,000 deductible is $1,696. For a policy with a $2,000 deductible, the average rate is $1,483.
If you’re looking for a homeowners insurance policy with a high deductible, your cheapest options in Tucson are:
- ASI: $771 per year
- Nationwide: $802 per year
The Cheapest Companies in Tucson for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Tucson if You Have Poor Credit
In calculating homeowners insurance quotes in Tucson, carriers consider your credit score. Those with bad credit typically pay higher annual premiums than those with good credit. The average cost of homeowners insurance for those with poor credit is $3,104 per year, which is $1,408 cheaper than the $1,696 annual average for homeowners with good credit.
MoneyGeek found that the most affordable insurance companies in Tucson for homeowners with low credit scores are:
- Nationwide: $1,540 per year
- ASI: $1,582 per year
The Cheapest Companies in Tucson for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Tucson
Most insurance companies offer online tools where you can get accurate homeowners insurance quotes in Tucson. However, you’ll need some information ready, including your:
- Home replacement cost – The insurance carrier needs to know how much it would cost to rebuild your home to determine your dwelling coverage limits. This amount is not the same as the market value of your property, so you may need to hire a building contractor or construction professional for an accurate estimate.
- Personal property value – Because homeowners insurance includes personal property coverage, it’s crucial that you accurately inform potential carriers of the value of your personal belongings.
- Personal information – Insurance carriers will ask for your address, household members' names, insurance history, and other relevant information.
- Details about your house – Information about your house, including its age, size and security features, is crucial to an accurate quote.
Homeowners Insurance in Tucson Analysis: Methodology
MoneyGeek analyzed homeowners insurance rates from 13 carriers in the city. Data used is taken in partnership with Quadrant. To calculate affordability scores, MoneyGeek gathered average rates for a home with varying coverage levels. We also collected quotes for different policy scenarios, such as newly constructed homes, higher dwelling and personal property coverage, higher deductibles and poor credit scores. Customer satisfaction ratings are based on J.D. Power surveys.
For this study, the base profile is a 2,500 square foot home built in 2000. The sample policy has $250,000 in dwelling coverage limits, $100,000 in personal property coverage limits and $100,000 in liability coverage limits.
About Mark Fitzpatrick