Average Costs and Cheapest Homeowners Insurance Companies in Arizona

The average cost of homeowners insurance in Arizona is $1,982 per year. MoneyGeek’s research shows that ASI offers the most affordable homeowners insurance in Arizona at an average cost of $981 per year. These numbers are for a representative policy of $250,000 and home. We analyzed insurance costs for different types of homes and people with different backgrounds in Arizona for this guide.

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Last Updated: 6/25/2022
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While ASI is overall the cheapest homeowners insurance company in Arizona, American Family offers the lowest rates for expensive homes and Nationwide has the most affordable policy if you own a swimming pool.

In this guide, MoneyGeek analyzed thousands of quotes in Arizona to calculate average rates and find the cheapest company for you.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in Arizona.

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The Cheapest Homeowners Insurance in Arizona

The Cheapest Homeowners Insurance Quotes in Arizona

MoneyGeek analyzed thousands of quotes from insurance companies in Arizona to find the cheapest insurer offering different dwelling coverages. We found out that ASI offers the most affordable home insurance in the state for a baseline dwelling coverage of $250,000 at an average cost of $981 per year.

We also researched the following cheapest companies based on dwelling coverages:

  • Cheapest for $100,000: Nationwide
  • Cheapest for $250,000: ASI
  • Cheapest for $500,000: American Family

If you have a military background and are looking for a policy with $500,000 in dwelling coverage, USAA’s policies may be the best option for you.

You can look at the table below to get an idea of the cost of dwelling coverages that suit you. How much dwelling coverage you need will depend on the replacement cost of your home.

CHEAPEST HOMEOWNERS INSURANCE BY DWELLING COVERAGE

Dwelling Coverage:

$250,000

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How Much Homeowners Insurance Costs in Arizona on Average

In Arizona, the cost of homeowners insurance can vary depending on how much dwelling coverage you add to your policy. The average cost of home insurance for a baseline dwelling coverage of $250,000 is $1,982 per year.

The dwelling coverage limit in your policy signficantly impacts your rates. Buying more dwelling coverage offers more protection, but it also costs more.

For example, buying $100,000 worth of dwelling coverage costs $1,178 annually on average, while a policy with $3,000,000 in dwelling coverage costs $25,022 per year. There’s a cost difference of $23,844.

AVERAGE COST OF HOMEOWNERS INSURANCE BY DWELLING COVERAGE

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  • Dwelling Coverage
    Average Annual Premium
  • $100,000
    $1,178
  • $250,000
    $1,982
  • $500,000
    $3,391
  • $750,000
    $4,877
  • $1,000,000
    $6,745
  • $2,000,000
    $15,780
  • $3,000,000
    $25,022

Find the Cheapest Homeowners Insurance in Arizona With MoneyGeek’s Calculator

Area-related elements and individual situations can influence your homeowners insurance cost. Providers compute homeowners insurance in Arizona based on an array of factors, including a home’s age, dwelling value, credit score, roof quality, personal property, deductibles and frequency of claims.

You can adjust your dwelling coverage limits, deductible and other limits to see how average costs in Arizona will change depending on your needs.

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Home Insurance Calculator

State

Arizona

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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on average

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These are annual estimates. Get a personalized quote to determine your costs.

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The Cheapest Homeowners Insurance Companies for Expensive Homes

MoneyGeek researched thousands of insurance quotes and found that the following companies offer cheap home insurance in Arizona if you own an expensive home and are looking for a policy with $2,000,000 in dwelling coverage:

  • American Family: $4,788 per year
  • Nationwide: $5,829 per year

While USAA offers the cheapest policy in the state for expensive homes, it was not listed because it only provides policies for military families.

Homeowners’ insurance rates can vary greatly for expensive homes, making it essential to shop around and compare quotes from different companies to find the best deal.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HIGH-VALUE HOMES

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The Cheapest Homeowners Insurance Companies for Newer Homes

MoneyGeek analyzed thousands of insurance quotes in Arizona by using a sample home built in 2015 to find the most affordable home insurance companies for newer homes:

  • ASI: $543 per year
  • Nationwide: $600 per year

We also found out that homeowner insurance rates can vary by as much as $506 cheaper for homes built in 2015 than for older homes built in 2000.

These rates for 2000 homes differ from the first section due to a different ZIP code collection process.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR OLDER HOMES

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The Average Cost of Homeowners Insurance in Arizona for Newer Homes

MoneyGeek’s research shows that you can save as much as $506 per year in home insurance costs if you own a home built in 2015. Older homes wers built with expensive materials that are difficult to repair today and tend to have more wear and tear. This is why insurance companies consider it risky to insure older homes and charge higher rates for them.

AVERAGE COST OF HOMEOWNERS INSURANCE BY HOME AGE

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  • Year of Construction
    Average Annual Premium
  • 2015
    $970
  • 2000
    $1,476

The Cheapest Homeowners Insurance Companies in Arizona if You Have a Pool

MoneyGeek researched thousands of homeowners insurance quotes in Arizona for individuals who have a swimming pool at their homes and are looking for a policy with $250,000 in coverage. We found that the following companies offer cheap homeowners insurance in the state for such individuals:

  • Nationwide: $983 per year
  • ASI: $994 per year

Having a pool in your home increases the risk of pool-related injuries and incidents like drowning. Because of this, insurance companies consider it risky to insure homes with pools and require you to add higher liability coverage in your policy.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HOMES WITH A POOL

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The Average Cost of Homeowners Insurance in Arizona for Pool Owners

Homeowners insurance costs can vary significantly depending on whether you have a swimming pool at your home or not. MoneyGeek’s research shows that insurers charge an average of $1,514 per year to insure a house with a swimming pool. At the same time, it costs an average of $1,476 per year to buy a policy for a home that does not have a pool.

AVERAGE COST OF HOMEOWNERS INSURANCE WITH AND WITHOUT POOL

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  • Have a Pool?
    Average Annual Premium
  • With Pool
    $1,514
  • No Pool
    $1,476

Cheapest Home Insurance in Arizona if You Have Poor Credit

If you have a low credit score in Arizona, MoneyGeek found the following insurance companies in the state offer affordable homeowners insurance policies with a baseline dwelling coverage of $250,000:

  • ASI: $1,726 per year
  • Nationwide: $1,748 per year

Since individuals with a poor credit score are more likely to file claims and fall behind on insurance premium payments, insurers consider them high-risk and charge higher rates.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR POOR CREDIT

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The Average Cost of Homeowners Insurance in Arizona by Credit Score

In Arizona, homeowners insurance costs can change significantly depending on your credit history. MoneyGeek’s research shows that individuals with a low credit score pay an average of $3,395 per year for homeowners insurance, while it costs an average of $1,907 per year for a policy with a good credit score. That’s a difference of $1,488.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CREDIT SCORE

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  • Credit Score
    Average Annual Premium
  • Poor
    $3,395
  • Below Fair
    $2,803
  • Fair
    $2,314
  • Good
    $1,907
  • Excellent
    $1,545

Cheap Homeowners Insurance Quotes in Your Arizona City

The cost of a homeowners insurance policy in Arizona can change depending on your location in the state. MoneyGeek found that Phoenix is the most expensive city for a home insurance policy with an average cost of $2,355 per year. The cheapest city for homeowners insurance is Gilbert, with an average cost of $1,746 per year. Our research also shows that ASI offers the cheapest policies across all cities in Arizona.

Click your city to learn more about costs and rates.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CITY

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How to Get Cheap Homeowners Insurance Quotes in Arizona

To get homeowners insurance in Arizona, you’ll need to provide personal information like your name, Social Security number, address and phone number. You should also be aware of the worth of your home and its contents, as well as any additional features you might have like a pool or solar energy panels.

If you often entertain guests, you may also consider medical costs coverage in case a guest suffers an injury at your home. You need to provide this information to get a binding home insurance quote estimate from an insurance company.

If you want an anonymous quote, you can use MoneyGeek’s home insurance calculator, which was compiled using thousands of quotes.

FAQs About Home Insurance Costs in Arizona

In Arizona, the cost of a home insurance policy depends on your personal situation and the company offering the policy. MoneyGeek researched the following frequently asked questions to help you understand homeowner insurance costs in the state.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 13 of 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 the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.