Cheapest Homeowners Insurance in Arizona (2024 Rates)


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Updated: May 22, 2024

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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.

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2024

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Why Trust MoneyGeek? MoneyGeek used information from the Arizona Department of Insurance and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in Arizona as of 2024.

Overall Cheapest Homeowners Insurance in Arizona

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
State FarmAnnual Premium$710
NationwideAnnual Premium$754
Auto-Owners InsuranceAnnual Premium$859
American FamilyAnnual Premium$914
FarmersAnnual Premium$1,171
AllstateAnnual Premium$1,349
TravelersAnnual Premium$2,974

Compare Arizona Home Insurance Quotes Online

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.

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Rates updated:

Jul 15, 2024

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Cheapest Home Insurance in Arizona for High-Value Homes

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
American FamilyAnnual Premium$2,803
State FarmAnnual Premium$2,949
Auto-Owners InsuranceAnnual Premium$3,640
AllstateAnnual Premium$4,269
NationwideAnnual Premium$4,351
FarmersAnnual Premium$4,592
TravelersAnnual Premium$9,534

Cheapest Home Insurance in Arizona for New Homes

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.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
NationwideAnnual Premium$336
State FarmAnnual Premium$426
American FamilyAnnual Premium$553
FarmersAnnual Premium$590
Auto-Owners InsuranceAnnual Premium$691
AllstateAnnual Premium$709
TravelersAnnual Premium$1,100

Cheapest Home Insurance in Arizona for Low Credit Scores

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.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
NationwideAnnual Premium$1,230
State FarmAnnual Premium$1,597
American FamilyAnnual Premium$1,967
FarmersAnnual Premium$2,295
AllstateAnnual Premium$2,760
TravelersAnnual Premium$9,679
Auto-Owners InsuranceAnnual Premium$25,196

Cheapest Home Insurance in Arizona With a Claims History

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.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
State FarmAnnual Premium$810
Auto-Owners InsuranceAnnual Premium$859
NationwideAnnual Premium$1,073
American FamilyAnnual Premium$1,169
FarmersAnnual Premium$1,387
AllstateAnnual Premium$1,836
TravelersAnnual Premium$3,198

Cheapest Home Insurance in Arizona by Home and Roof Materials

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.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
State FarmAnnual Premium$710
NationwideAnnual Premium$859
Auto-Owners InsuranceAnnual Premium$874
American FamilyAnnual Premium$910
FarmersAnnual Premium$1,258
AllstateAnnual Premium$1,418
TravelersAnnual Premium$3,225

Cheapest Home Insurance in Arizona by Deductible

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.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
NationwideAnnual Premium$649
State FarmAnnual Premium$654
Auto-Owners InsuranceAnnual Premium$816
American FamilyAnnual Premium$868
AllstateAnnual Premium$1,067
FarmersAnnual Premium$1,081
TravelersAnnual Premium$2,607

Cheapest Home and Auto Bundle Insurance in Arizona

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 FarmAnnual Premium$2,043
Auto-Owners Insurance CoAnnual Premium$2,331
ProgressiveAnnual Premium$2,557
FarmersAnnual Premium$2,769
AllstateAnnual Premium$3,274
NationwideAnnual Premium$3,339
TravelersAnnual Premium$5,049

Cheapest Home Insurance in Arizona by City

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.

ArvadaCheapest CompanyAuto-Owners InsuranceAnnual Premium$868
AuroraCheapest CompanyAuto-Owners InsuranceAnnual Premium$904
BoulderCheapest CompanyAuto-Owners InsuranceAnnual Premium$872
CentennialCheapest CompanyAuto-Owners InsuranceAnnual Premium$868
Colorado SpringsCheapest CompanyAuto-Owners InsuranceAnnual Premium$985
DenverCheapest CompanyAuto-Owners InsuranceAnnual Premium$889
Fort CollinsCheapest CompanyAuto-Owners InsuranceAnnual Premium$732
GreeleyCheapest CompanyAuto-Owners InsuranceAnnual Premium$858

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.