Phoenix Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap home insurance in Phoenix


Home insurance is a hugely important part of owning a home. It covers your dwelling — and the personal property within it — against a variety of perils, including fire, theft, vandalism, or wind damage. With the relative frequency of such perils -- along with the high cost of rebuilding or repairing damages to a home -- having a home insurance policy is a sound investment.

The price of a homeowners insurance policy factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. The location of your home can also play a large role in home much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Learn more info about the specifics of home insurance coverage.

If you want to find cheap homeowners insurance in Phoenix, start with looking around and comparing what different companies offer. Check out the below summary of average home insurance rates in Phoenix to begin your home insurance search with as much info as you can. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.


Phoenix, Arizona, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Phoenix by insurance company

Phoenix homeowners insurance rates will vary depending on which insurance company you choose. The most inexpensive home insurance in Phoenix comes from CSAA, which offers average annual rates of just $874 per year. This is more favorable than the city’s average homeowners premium of $1,479.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Phoenix, Arizona.


CHEAP 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 home insurance costs in Phoenix by coverage level

Your chosen level of homeowners coverage determines the insurance premiums you pay . In Phoenix, carrying $200K dwelling coverage costs an average of $1,374, while carrying additional coverage up to $400K costs $2,287 per year.


HOMEOWNERS INSURANCE RATES IN PHOENIX — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,374
$400K Dwelling$2,287

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Phoenix home insurance rates by ZIP code

Homeowners insurance premiums can vary depending on what part of Phoenix 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.

If you're looking for the most affordable homeowners insurance premiums in Phoenix, take at look at the 85087 ZIP code. In the 85087 area, homeowners policies typically cost just $1,194 per year, which isa 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 AREAS 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 parts of town could be more susceptible 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



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Money-saving tip for home and auto insurance in Phoenix: bundling

If you’re looking for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling your homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. Bundling policies in Phoenix could, in fact, lead to average annual savings of 16%.


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

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. Call 855-493-9728 to speak with an insurance professional today.


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