Affordable home insurance in Arizona: what to know

 

The best way to get a cheap homeowners insurance policy in Arizona is to shop around and compare rates from a variety of insurance companies. Get an idea of homeowners insurance costs in Arizona by reviewing the below data. Individual rates may vary depending on coverage options and the value of the dwelling being insured.

 

Arizona home insurance:
  1. Rates by company
  2. Costs by city
  3. Rates by coverage amount
  4. Rates by deductible level
  5. Bundling
  6. FAQs

 

The best cheap home insurance companies in Arizona

Home insurance prices in Arizona vary depending on the insurance company you use. ACA sells the cheapest home insurance in Arizona — just $713 each year. This is less than the state average price of $1,283, offering a $569 discount on average policy costs statewide.

Begin your search for a home insurance policy by checking out the cheapest Arizona insurance companies, listed below.

 

HOME INSURANCE RATES IN ARIZONA: BY CARRIER
Insurance CompanyAverage Yearly Rate in Arizona
ACA$713
Farm Bureau$904
Safeco$955
State Farm$1,001
Travelers$1,013

 

Arizona home insurance prices: by city

Not all Arizona cities have the same home insurance rates. Rates are determined based on city-specific variables like the number of claims filed in the immediate area, meaning your ZIP code could have a major impact on how much you pay.

The cheapest home insurance rates in Arizona are in Oro Valley. The average homeowners insurance policy in Oro Valley runs only $1,078 per year — $205 less than the statewide average. The below cities have the most affordable home insurance in Arizona.

 

AFFORDABLE HOME INSURANCE BY CITY IN ARIZONA
CityAverage Yearly Home Insurance Rate
Oro Valley$1,078
Sierra Vista$1,137
Catalina Foothills$1,138
Casas Adobes$1,154
Peoria$1,207

 

Looking for info on homeowners insurance in a specific city? Check out our breakdown of populous Arizona cities:

  1. Chandler
  2. Gilbert
  3. Glendale
  4. Mesa
  5. Scottsdale
  6. Tuscon

 

Average homeowners insurance costs in Arizona by coverage level

The amount of homeowners coverage you select has an impact on your insurance premiums. In Arizona, maintaining $100K dwelling coverage costs an average of $677 per year, while carrying dwelling coverage up to $400K costs $1,737 each year.

 

HOMEOWNERS INSURANCE RATES IN ARIZONA — COMMON COVERAGE AMOUNTS
Coverage LevelAverage Annual Premium
$100,000 Dwelling$677
$200,000 Dwelling$937
$250,000 Dwelling$1,229
$400,000 Dwelling$1,737

 

Home insurance deductibles in Arizona

Arizona homeowners have a lot of decisions to make when shopping for a homeowners insurance policy, including how much their deductible should be. The deductible is the total dollar amount that the insured contributes toward a covered loss. The deductible level you choose can change how much you pay in insurance premiums.

When picking a deductible, remember that the higher your deductible is, the lower your insurance rates will be. This means that those seeking lower insurance costs will want to consider a higher homeowners deductible. Remember that your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

The chart below outlines the average rates affiliated with most deductibles.

 

HOMEOWNERS INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN ARIZONA
Deductible TierAverage Annual Homeowners Insurance Rate
$500$1,356
$1,000$1,229
$1,500$1,161
$2,000$1,090
$5,000$903

 

How to bundle home and auto insurance in Arizona

To trim a few dollars from your insurance costs, consider purchasing both your car and home insurance policies from one company. A home and car insurance bundle in Arizona can lead to substantial savings on car insurance. Purchasing bundled policies in Arizona leads to average annual savings of $156.

 

HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN ARIZONA

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,247$1,091$15614%

 

Bundling home and auto policies is a great way to save. Compare rates today!

 


 

Arizona home insurance FAQs

 

Does a homeowner in Arizona need to carry insurance?

While there is no state law, you are required by any mortgage company to keep acceptable homeowners insurance. Even if you don't, it's generally a good idea to protect your assets.

Does GEICO have homeowners insurance in Arizona?

Yes — GEICO provides home insurance in Arizona as well as renters, car, and other forms of insurance.

Who insures manufactured homes in Arizona?

There are a lot of companies that sell insurance for manufactured homes in Arizona. Find a company that offers a multi-policy discount if you have any other insurable interests. 

 


 

Home insurance and fires in Arizona

Fire damage is covered by every standard home insurance policy in the state of Arizona. If a fire destroyed your home, your homeowners insurance company would cover the damage to your property up to your policy limits. The prevalence of wildfires in Arizona underlines the importance of sufficient homeowners insurance: 8% of Arizona households are considered at risk of suffering damage from a wildfire, and 165, 356 acres were burned in the state in 2018.*

In addition to paying for damages — up to your policy limits — your home insurance policy may cover additional living expenses if your home is deemed unlivable. Fire-related damages that will not be covered by your home insurance provider is intentional damage (arson) or damage to a vacant home. It's worth contacting your insurance company to confirm it covers wildfire-related damage, especially if you live in a high-risk area.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-wildfires)

Compare home insurance prices in Arizona.

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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com and Kin Insurance.

About The Zebra

The Zebra is not an insurance company. We’re an independent, unbiased partner for consumers, on a mission to help you compare insurance options apples-to-apples, so you can make a truly informed decision. We’re proud because: