Gilbert Homeowners Insurance

How to find cheap homeowners insurance in Gilbert


Home insurance should be a critical consideration for every homeowner. Along with your personal belongings, homeowners insurance covers your dwelling in the event of many perils, including theft, fire, wind damage, and vandalism. Events like this occur often. When paired with the high cost of repairing or rebuilding a house, investing in an expansive homeowners policy can seem like a great move.

The cost of home insurance depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. Your home's location can also impact how much you pay, as some locations are more prone to destructive hazards. If your area is at risk of being affected by hail, strong winds, fire, frozen pipes, or volcanic activity, then your premiums could be substantially higher than average. Find out more info about what your homeowners insurance policy covers.

If you want to find cheap home insurance in Gilbert, start with shopping around and comparing different policies. Check out the below summary of average Gilbert homeowners insurance premiums to ensure you start your search with as much background info as possible. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.


Gilbert, Arizona, homeowners insurance — table of contents:
  1. Rates by insurer
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Rates by deductible amount
  5. Insurance bundle discounts

Homeowners insurance in Gilbert by company

What you pay for homeowners insurance in Gilbert will depend on the insurance company you get your policy through. The most inexpensive home insurance in Gilbert comes from CSAA, which offers average annual rates of just $743 per year. This is more favorable than the city’s average homeowners premium of $1,224.

Begin your search for a home insurance policy by reviewing the cheapest companies in Gilbert, Arizona, listed below.


AFFORDABLE HOME INSURANCE COMPANIES IN GILBERT
CompanyAverage Annual Rate
CSAA$743
Iowa Farm Bureau$874
USAA$884
Liberty$926
State Farm$952

Average homeowners insurance prices in Gilbert by coverage limit

How much you pay for home insurance coverage is greatly impacted by the level of coverage you choose. In Gilbert, carrying $200K dwelling coverage costs an average of $912, while carrying additional coverage up to $400K costs $1,652/year.


HOMEOWNERS INSURANCE RATES IN GILBERT — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$649
$200K Dwelling$912
$250K Dwelling$1,169
$400K Dwelling$1,652

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Gilbert homeowners insurance rates by ZIP code

Homeowners insurance costs can vary depending on what area of Gilbert in which you live. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

The cheapest home insurance rates in Gilbert are available in 85296. In 85296, the typical home insurance policy costs $1,196 per year — $28 less than the citywide average in Gilbert. The below table shows the best places to live in Gilbert if you’re looking for affordable homeowners insurance.


AFFORDABLE NEIGHBORHOODS FOR HOMEOWNERS INSURANCE IN GILBERT
ZIP CodeAverage Annual Home Insurance Rate
85296$1,196
85297$1,203
85142$1,208

Other areas of Gilbert, however, face homeowners rates that are higher than the city average . These parts of town could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. An average annual rate of $1,300 makes 85206 the most expensive ZIP code in Gilbert for homeowners insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN GILBERT
ZIP CodeAverage Annual Home Insurance Rate
85206$1,300
85233$1,236
85295$1,226

Homeowners insurance deductibles in Gilbert

Among the many decisions homeowners face when buying homeowners insurance is how high or low to set the deductible. The deductible is the total dollar amount that the insured must contribute toward a covered loss. Where you set your deductible can play a large part in how much you pay for insurance.

On the whole, choosing a low deductible means that your insurance premiums will be higher. As such, if you want your insurance rates to stay low, aim for a higher deductible. Keep in mind that your deductible should only be set as high as you can reasonably pay if you suffer a loss.

The chart below displays the average premium costs associated with deductibles offered by most home insurers.


HOMEOWNERS INSURANCE COSTS BY DEDUCTIBLE TIER IN GILBERT
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$1,289
$1,000$1,169
$1,500$1,109
$2,000$1,041
$5,000$868

Looking for a money-saving tip for insurance in Gilbert? Try bundling

One way to save on insurance costs is to think about bundling your homeowners and auto insurance policies through the same company. Bundling your homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Gilbert leads to average annual savings of 16%.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN GILBERT
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
GEICO$911
USAA$1,055
Progressive$1,137
State Farm$1,158
American Family$1,179

Bundling your homeowners and auto policies can be a great way to save some money on insurance.


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Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a masters degree from Royal Holloway, University of London. He has been quoted by Kin Insurance, Safety.com, and autoinsuranceEZ.com.