Country Financial is the best insurer for the average Arizona homeowner. However, certain types of homeowners have different needs.
MoneyGeek ranked the best home insurance companies in Arizona for different types of homeowners and reviewed available coverages and discounts. For instance, if you have an expensive home, State Farm may be the best insurance company for you. But if you are more concerned about service quality than cost, Country Financial is the top option.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Arizona.
The Best Homeowners Insurance in Arizona
The Best Overall Homeowners Insurance Companies in Arizona
For some homeowners, the best home insurance in Arizona is the one that balances service quality and affordability. MoneyGeek evaluated the top providers in the state based on affordability, financial stability, customer service and claims reputation.
Based on this analysis, the top-rated companies are:
- Country Financial: MoneyGeek score of 89 out of 100
- American Family: MoneyGeek score of 87 out of 100
USAA got the highest overall score of 100 out of 100 but was not included in the analysis because its policies are only available to military families.
MoneyGeek broke down the coverage and discounts that Country Financial and American Family offer to show why these two companies got the highest ratings.
The Top Home Insurance Companies in Arizona
Country Financial consistently got high ratings across all categories. It ranked second in customer satisfaction and financial stability. It has an average annual rate of $2,587.
The company offers different coverage options. One of these is the extended reimbursement coverage, which provides protection against the costs of labor and construction materials should your home require rebuilding. You can also get rewards through its various discount programs. For example, if you make payments on time for three years, you may qualify for the responsible payment discount or a loyalty discount.
American Family has an average cost of $1,157 per year. It got relatively high ratings across categories, especially on affordability. You can also find rare coverages like paperless billing, protective device and loyalty disounts.
The protective device coverage is a rare optional offering that provides discounts on smart home sensors. You can also get hidden water damage coverage for water damage caused by a leak you can’t see. Most policies do not cover leaks caused by gradual deterioration, but this additional coverage does.
Insurance quotes gathered from across the country were balanced against property claims ratings and customer satisfaction scores from J.D. Power to determine the best home insurance nationally and in Arizona.
The cost of your home insurance policy and your customer experience may differ depending on your circumstances. Read MoneyGeek’s methodology to find out more.
The Best Homeowners Companies in Arizona for Service Quality
Some homeowners are not as concerned about the price as they are about the quality of service. MoneyGeek ranked the best home insurance companies in Arizona based almost entirely on customer satisfaction and claims experience.
The top two companies are:
- Country Financial: MoneyGeek score of 90 out of 100
- Auto-Owners Insurance Co: MoneyGeek score of 89 out of 100
Based on MoneyGeek’s scoring system, USAA got the highest rating of 100. However, it was excluded in this analysis because it is only available to military families.
MoneyGeek outlined the reasons why Country Financial and Auto-Owners Insurance Co are the best rated home insurance companies in Arizona in terms of service quality.
The Top Home Insurance Companies in Arizona for Quality Service
Country Financial got high ratings across all categories, especially in customer satisfaction where it ranked second. That means the company is regarded to have high-quality policy offerings and processes.
Country Financial offers a good customer service experience. Additionally, policyholders also have the option to expand their coverage. For instance, you can purchase a sump pump and sewer backup protection for possible expenses due to water damage from sump pump failure or a sewer backup. You can also get separate enhanced protection for your jewelry, electronics and other high-value items.
Auto-Owners Insurance Co got a high rating on claims experience, which means it is regarded to provide great service to policyholders going through the claims process.
The company offers some rare coverages for its policyholders. For instance, you can opt to buy equipment breakdown coverage. With this, you are protected against expenses due to electrical and mechanical failure of equipment you have at home. Meanwhile, the off-premises coverage covers any personal property you take with you on vacation.
The Best Homeowners Companies in Arizona on a Budget
MoneyGeek also rated insurance providers based on affordability to help homeowners on a budget find the best policy. At the same time, service quality was also factored in.
If you want to save on your monthly bills but also want stellar service, your best options are:
- State Farm: MoneyGeek score of 93 out of 100
- ASI: MoneyGeek score of 92 out of 100
Excluded from this analysis is USAA, which got the highest score of 99 out of 100. The company only caters to military families.
State Farm policies cost an average of $1,264 per year, while the average annual rate of ASI policies is $981. Aside from relatively affordable costs, MoneyGeek also reviewed unique coverages and discounts.
The Top Home Insurance Companies in Arizona on a Budget
Affordable home insurance coverage at $1,264 per year
Continuously insured, home renovation and new home discounts
MoneyGeek satisfaction rating of 4.01 out of 5
State Farm scored high across all categories and its average rate is relatively affordable compared to other insurance providers. It also offers different discount opportunities for home renovation and new homes. For instance, if you are getting newer utilities for your home renovation, you may be able to get a discount on your coverage. You can also save money if your home is newly constructed.
Additionally, the company also offers unique discounts not found with other insurers. One of these is the continuously insured discount, which is applicable to policyholders who remain loyal to State Farm.
The Best Homeowners Companies in Arizona for Expensive Homes
If you have an expensive home, you will probably need more coverage. MoneyGeek found the best home insurance companies in Arizona for $2 million homes by weighing the cost against customer satisfaction.
The top-rated companies for expensive homes in Arizona are:
- State Farm: MoneyGeek score 85 out of 100
- AAA: MoneyGeek score of 83 out of 100
USAA, which has a score of 100, is the highest-scoring company in the state. It was not included in the analysis because its policies are exclusively for military families.
MoneyGeek broke down the reasons why State Farm is the top company for expensive homes in Arizona.
The Top Home Insurance Companies in Arizona for High-Value Homes
MoneyGeek satisfaction rating of 4.09 out of 5
It ranks seventh of 12 companies in terms of affordability
Does not offer extended reimbursement and content replacement cost coverage
State Farm got a high score in terms of customer satisfaction. Despite not being one of the more affordable options, the company offers coverages that tend to be good for high-value homeowners.
- Scheduled Personal Property: State Farm policyholders can get higher coverage limits for valuable items kept in their homes.
- Cyber Event / ID Theft: You can get identity restoration and fraud loss coverage that covers expenses related to identity theft and cyber attack coverage that reimburses expenses for data recovery and system restoration.
The Best Homeowners Companies in Arizona for Veterans
MoneyGeek ranked top insurance providers in Arizona for military families. USAA got the highest score of 100 out of 100. Overall, it ranked first in customer satisfaction and financial stability and second in affordability. On average, the cost of a USAA home insurance policy in Arizona is $1,092 per year.
Additionally, the company tailors its services to military members and their families.
The Top Home Insurance Companies in Arizona for Veterans
Coverage tailored to military families
Customer satisfaction rating of 5 out of 5
MoneyGeek affordability score of 4.95 out of 5
Not available if you do not have a military background
USAA ranks well across all categories. It ranked first in customer satisfaction with a perfect score of 5.
USAA policyholders also get access to unique coverages and discounts. For example, the company’s home insurance comes with contents replacement cost coverage. It covers replacement costs for your belongings without considering depreciation. If you are renting out a room or your entire home, the company’s home rental coverage will protect you and your guests.
You can also get significant discounts. For instance, if you have protective devices in your home, you may qualify for a discount.
The Best Homeowners Companies in Arizona for Bundling
Based on MoneyGeek’s scoring system, the top companies offering home and auto insurance bundles in Arizona are:
- State Farm: MoneyGeek score of 87 out of 100
- Allstate: MoneyGeek score of 79 out of 100
Choosing to bundle your policies can help you qualify for significant discounts. At the same time, it will be more convenient for you to manage both policies.
The Top Home Insurance Companies in Arizona for Bundling
Home MoneyGeek score of 4.37 out of 5
23% bundling discount
Auto MoneyGeek score of 4 out of 5
State Farm got a score of 4 out of 5 for auto insurance. However, it rated high for home insurance. At the same time, it offers a high discount rate of 23% for bundling home and auto insurance policies.
You can also choose from the unique coverages it offers to home insurance policyholders. One of these is service line coverage, which covers replacement or repair costs for certain service lines. Another unique coverage is home rental coverage, which provides property and liability coverage for the temporary rental of the home.
If you get an auto insurance policy from State Farm, you can also add road assistance coverage. With this, your policy will pay for certain road assistance services like mechanical labor, towing, delivery of gas, oil, batter or change of tire and locksmith labor.
How to Find the Best Home Insurance in Arizona
When shopping for the best home insurance in Arizona, it’s helpful to evaluate companies based on affordability, customer service reputation and financial stability. MoneyGeek collected this information to help you find the best rated home insurance companies in Arizona. That said, you can also go through the process yourself.
Research Customer Service Reputations in Arizona
MoneyGeek ranked the best home insurance companies in Arizona using a unique scoring system that evaluates affordability, customer service reputations, financial stability and claims rating. However, you can also conduct your own research by reviewing J.D. Power satisfaction scores and NAIC complaint ratios for insurance providers serving your state. It would also help to visit the Arizona Department of Insurance and Financial Institutions website.
Compare Quotes for Yourself
For this analysis, MoneyGeek gathered insurance quotes for sample homeowner profiles in most of Arizona but not everywhere. If you want to get personalized quotes, shop around. Generally, it is best to compare quotes from at least three insurance providers to get an idea as to how much your insurance policy would cost.
Make Sure the Company Has Coverages You Want in Arizona
Not all coverages and discounts advertised by insurance companies are available in all states. To make sure that the features you are looking for are offered in your area, confirm with insurance companies first.
Double-Check Financial Stability Ratings
Financial strength rating helps you determine whether an insurer can pay for your coverage in the event of a claim. Generally, regional insurance companies in Arizona have lower ratings and large companies tend to be more financially stable.
FAQs About the Best Home Insurance in Arizona
Based on your needs and circumstances, the best home insurance companies in Arizona may vary. To help you get started, MoneyGeek answers some of the most common questions about homeowners insurance.
MoneyGeek scores for homeowners insurance in Arizona were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Arizona that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Arizona. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
About Mark Fitzpatrick