Best Life Insurance Companies in Tucson, AZ, for 2023

You can provide your beneficiaries with financial support if you pass away by purchasing a life insurance policy. Our goal at MoneyGeek is to help you find the most affordable and suitable policy for your lifestyle by shopping around and comparing prices in Tucson using our guide.

Compare Tucson life insurance companies using MoneyGeek's comparison of average rates for your age, gender and smoking history.

Depending on your gender and policy limit, insurers charge different premiums. In the city of Tucson, MassMutual charges an average of $10 per month for $250K of coverage for men and $8 per month for women.

Despite being more affordable, a $250K policy may not be enough for your beneficiaries. Based on state-specific factors such as income, debt, age and cost of living, state-average recommended amounts can be used to benchmark a life insurance policy. The state of Arizona allocates $708K for this purpose.

The cheapest life insurance policy for Arizona is offered by Nationwide for $17 a month for males and $12 a month for females.

You can expect life insurance to cost more or less depending on your gender. The cost of life insurance in Tucson is 16% lower than the average in Arizona for women, and 11% lower for men.

A $250K policy costs females on average $13 a month, while a male policy costs $18 a month. However, if you use the U.S. Bureau of Economics' recommended coverage amount, which takes into account per capita income, average mortgage debt, average personal debt and average age, these rates change significantly.

Based on Arizona's recommended $708K coverage amount, the average monthly premium for women is $24 and for men is $35.

It might also be a good idea to purchase a term insurance policy. Women pay an average of $16 per month for a 10-year term policy, regardless of the coverage limit, while men pay $23 per month.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Tucson using average buyer profile statistics, including the average age of 30, the average weight of 197 pounds for males and 156 pounds for females, and an average coverage need of $708,000.

With market shares of 7%, 6%, and 5%, respectively, Prudential Financial, Northwestern Mutual and Lincoln Financial dominate Arizona's insurance market. A total of 35% of Arizona's market share is accounted for by the seven most popular companies.

Following is a table that shows the market shares of Arizona's top life insurance companies.

A Tucson life insurance policy can cost between $14 and $40 a month for a younger adult. For young people in Tucson, MoneyGeek found the following two insurers to be most affordable:

• MassMutual: $14 per month
• AAA: $15 per month

Below is a table of cheap life insurance for young people in Tucson offered by other providers.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Tucson who is 5 feet 10 inches and 168 pounds that purchases a 20-year term contract at the average coverage need of $240,000. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Life insurance rates for Tucson seniors range between $34 and $71. Seniors can find affordable life insurance in Tucson with the following companies:

• MassMutual: $34 per month
• Mutual of Omaha: $39 per month

More information about the best and cheapest insurers for seniors can be found in the table below.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Tucson who is 5 feet 10 inches and 197 pounds that purchases a 10-year term contract at the average coverage need of $73,000.

Those who smoke in Tucson can expect to pay between $87 and $191 per month for life insurance. In Tucson, MoneyGeek found the following companies to be the cheapest for smokers:

• Transamerica: $87 per month
• MassMutual: $103 per month

A list of Tucson insurance providers that offer more affordable coverage for smokers can be found below.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Tucson who is 5 feet 10 inches and 197 pounds that purchases a 20-year term contract at the average coverage need of $708,000.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economics, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.