Cheapest Homeowners Insurance in Arizona (2024 Rates)

For instance, American Family is cheapest for those with high-value homes, while Nationwide is cheapest for those with newly constructed homes. Depending on your claims history, Auto-Owners may also be a cheap option. MoneyGeek analyzed thousands of quotes to find the cheapest option for your home.

Looking for affordable home insurance in Arizona? Look no further than State Farm, offering the cheapest rate for $100K Dwelling Coverage at just $710 per year. Home insurance rates can vary significantly based on your dwelling coverage. Here's a quick look at the most affordable options in Arizona:

• Cheapest for $100,000: State Farm $710 per year
• Cheapest for $250,000: State Farm $1,315 per year
• Cheapest for $500,000: State Farm $2,138 per year

Explore cheap home insurance with MoneyGeek's table to see how costs change by dwelling coverage.

To discover cost-effective home insurance options in Arizona, it's recommended to solicit quotes from different insurance companies, a task that usually involves personal data. Streamline this process with MoneyGeek’s straightforward home insurance calculator, offering Arizona quotes without immediate personal information disclosure.

Searching for the best home insurance for high-value homes in Arizona? American Family offers the most affordable rate for $750K Dwelling Coverage at just $2,803 per year. Dwelling coverage is the biggest driver of home insurance costs, and high-value homes often pay more as a result. Here's a glance at the most economical options:

• Cheapest for $750,000: American Family $2,803 per year
• Cheapest for $1MM: American Family $3,455 per year

It's wise for homeowners to buy dwelling coverage for the replacement cost of their home, distinct from property value. Explore the cost of home insurance with MoneyGeek's table to see how costs change by dwelling coverage.

Looking for home insurance for new homes in Arizona? Nationwide offers the most affordable rate for $100K Dwelling Coverage at just $336 per year. Newer homes in Arizona tend to be cheaper to insure due to updated building codes and modern safety features. Here's a quick look at the most affordable options:

• Cheapest for $100,000: Nationwide $336 per year
• Cheapest for $250,000: Nationwide $551 per year
• Cheapest for $500,000: Nationwide $932 per year

Explore MoneyGeek's table to see how costs change for a newly constructed home by dwelling coverage.

In Arizona, Nationwide offers the most affordable home insurance for those with poor credit for '$100K Dwelling Coverage'. Credit score is a major factor affecting home insurance rates, as insurers use it to gauge the risk of a policyholder defaulting on payments.

• Cheapest for $100,000: Nationwide $1,230 per year
• Cheapest for $250,000: Nationwide $2,510 per year
• Cheapest for $500,000: American Family $4,626 per year

The impact of a poor credit score is evident when comparing the average cost of home insurance for those with poor credit ($6,389 per year) versus those with good credit ($1,247 per year) for $100K Dwelling Coverage. You can look at MoneyGeek's table to see how costs change for different credit scores by dwelling coverage.

State Farm is the cheapest home insurance company in Arizona for those with a claims history of one claim in the past five years and coverage of $100K Dwelling / $50K Personal Property / $100K Liability. Homeowners who have made claims in the past tend to pay more for claims in the future.

• Cheapest for $100K Dwelling Coverage: State Farm $810 per year
• Cheapest for $250K Dwelling Coverage: Auto-Owners $1,349 per year
• Cheapest for $500K Dwelling Coverage: State Farm $2,439 per year

The impact of filing more claims is evident when comparing the average cost of home insurance for those claim-free in the past five years ($1,247) versus those with two claims ($1,548) for $100K Dwelling and home construction year of 2000.

Home construction type and roof materials significantly affect the cost of home insurance. For example, the cheapest home insurance company in Arizona for a Frame construction type and shake-treated roof is State Farm, with an annual premium of $710. These factors often make home insurance more expensive due to the increased risk associated with certain materials.

• Cheapest for $100,000: State Farm $710 per year
• Cheapest for $250,000: State Farm $1,315 per year
• Cheapest for $500,000: State Farm $2,138 per year

The impact of roof and home materials is evident when comparing the frame construction and shake-treated roof ($1,322) to superior construction with a tile roof ($1,137), showing a difference of $185 in annual premiums.

Changing your deductible can potentially save you hundreds of dollars per year. For instance, in Arizona, the cheapest home insurance company for a $2000 deductible is Nationwide with an annual premium of $649. This contrasts with the cheapest for a $500 deductible, which is State Farm at $765 annually.

For the $100K Dwelling Coverage, the cheapest companies in Arizona for each deductible level are:

• Cheapest for $2000 deductible: Nationwide $649 per year
• Cheapest for $1500 deductible: State Farm $681 per year
• Cheapest for $1000 deductible: State Farm $710 per year
• Cheapest for $500 deductible: State Farm $765 per year

In home insurance, a deductible is the amount you pay out of pocket before your insurance covers the rest. The difference in average cost across all insurers for a $500 deductible compared to a $2000 deductible is $226.

The cheapest company for a home and auto bundle policy in Arizona is State Farm, offering an annual premium of $2043. Major discounts can be obtained by bundling home and auto insurance together, making it a cost-effective option.

• State Farm $2043 per year
• Auto-Owners $2331 per year

Beyond savings, bundling has the benefits of convenience in handling both policies with the same insurer. This simplifies the insurance process, allowing customers to manage their policies more efficiently and communicate with a single point of contact. Learn more about the best Arizona insurance bundle to explore these advantages.

State Farm is the cheapest home insurance provider in most Arizona cities, offering rates from $678 to $761. The variation in cost across cities is due to factors like local building codes, crime rates, and weather risks. For example:

• Tucson has the lowest annual premium for its cheapest company, Auto-Owners, at $647.
• Phoenix has the most expensive annual premium for its cheapest company, State Farm, at $761.

Shopping around is essential, as insurers may have unique calculations for rates in different geographic areas, leading to potential savings.