Phoenix, AZ Homeowners Insurance

Explore how to save on home insurance in Phoenix.

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Find cheap home insurance in Phoenix

 

Home insurance is an important part of owning a home. Along with your personal belongings, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. With the relative frequency of such events — and the high cost of rebuilding or repairing a home — getting homeowners coverage is a sound investment.

What you pay for homeowners 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. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils like frozen pipes, hail, windstorms, or wildfires, home insurance rates may be higher to account for the extra risk. Discover more info about what your homeowners insurance policy covers.

Finding the cheapest home insurance in Phoenix starts with shopping around and comparing policies. Have a look at the summary below comparing average Phoenix homeowners insurance costs to ensure you start your search with as much background info as possible. Remember: your homeowners insurance rates may vary based on your coverage limits and other factors.

 
Phoenix, Arizona, homeowners insurance — table of contents:
  1. Rates by insurance company
  2. Rates by coverage amount
  3. Rates by neighborhood
  4. Rates by deductible amount
  5. Bundling discounts

 

Homeowners insurance in Phoenix by insurance company

What you pay for homeowners insurance in Phoenix will depend on the insurance company you get your policy through. The most affordable home insurance in Phoenix is CSAA offering average annual rates at just $874 per year. This is considerably cheaper than the city’s average homeowners premium of $1,479.

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

 
AFFORDABLE HOME INSURANCE COMPANIES IN PHOENIX
CompanyAverage Annual Rate
CSAA$874
State Farm$1,012
Liberty$1,021
USAA$1,150
Iowa Farm Bureau$1,153

 

Average homeowners insurance costs in Phoenix by coverage level

The amount of homeowners coverage you select has an impact on your insurance rates. Homeowners in Phoenix who carry $200K in dwelling coverage pay an average of $1,374 per year, while those with coverage up to $400K pay around $2,137 per year.

 
HOMEOWNERS INSURANCE RATES IN PHOENIX — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$814
$200K Dwelling$1,374
$250K Dwelling$1,496
$400K Dwelling$2,137

 

Phoenix homeowners insurance rates by ZIP code

Depending on the part of Phoenix you live in, you may see a dramatic difference in your home insurance costs. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, the neighborhood you live in can drastically impact your home insurance rates.

If you're looking for the cheapest homeowners coverage in Phoenix, take a look at the 85087 ZIP code. In the 85087 area, homeowners coverage usually costs just $1,194 per year, which is a full $285 less than the Phoenix average. Find the best places to live in Phoenix for cheap home insurance by looking at the table below.

 
AFFORDABLE NEIGHBORHOODS FOR HOMEOWNERS INSURANCE IN PHOENIX
ZIP CodeAverage Annual Home Insurance Rate
85087$1,194
85338$1,206
85296$1,207

On the other hand, some areas of Phoenix face higher homeowners insurance costs, on average. These areas could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. One of the costliest ZIP codes for home insurance in Phoenix is 85003, with an annual average rate of $1,830.

 
EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN PHOENIX
ZIP CodeAverage Annual Home Insurance Rate
85003$1,830
85019$1,823
85017$1,818

 

Homeowners insurance deductibles in Phoenix

Homeowners have numerous choices to make when shopping for a homeowners policy, including how much their deductible should be. A deductible is an amount for which a homeowner is responsible before the insurer will cover a claim. Where you set your deductible can be a large factor in determining your insurance premiums.

When picking a deductible, keep in mind that the higher your deductible is, the lower your premiums will be. As such, if you want your insurance rates to remain low, aim for a higher deductible. Remember that your homeowners deductible should not be so high that you would struggle to pay it in the event of a loss.

Below you'll find some standard deductible options offered by most home insurance companies as well as with corresponding average insurance premiums.

 
HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE IN PHOENIX
Deductible LevelAverage Annual Home Insurance Rate
$500$1,650
$1,000$1,496
$1,500$1,421
$2,000$1,345
$5,000$1,129

 

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

If saving money is your primary concern, you might purchase insurance for your home and auto through the same insurance company. Bundling your homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in Phoenix lead to average annual savings of 16%.

 
CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN PHOENIX
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
GEICO$1,060
USAA$1,138
American Family$1,354
Progressive$1,381
State Farm$1,386
 

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.