Phoenix Renters Insurance

The Zebra
July 23, 2019

Phoenix, Arizona renters insurance


It's important to carry renters insurance if you’re renting an apartment or house. Renters insurance covers your dwelling and most property within it against a variety of harms, such as theft, fire, vandalism, or wind damage. As these circumstances are fairly common, the affordability of a renters policy, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

The cost of renters insurance comes down to a variety of factors, including your building's age, the material from which it’s made, its geographic location, and the pricing guidelines of your insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the extra risk.

The average annual price of renters insurance in Phoenix is $170.

Finding affordable renters insurance in Phoenix should start with a thorough review of the top renters insurance companies. Consult our analysis of Phoenix renters insurance premiums to commence your purchase process with as much background info as possible. Remember: renters insurance costs may vary based on your coverage limits and other factors.


Phoenix renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Car and renters insurance discounts

Renters insurance premiums in Phoenix — top companies

How much you pay for renters insurance in Phoenix depends on the insurance company providing the quote. For instance, USAA offers the most affordable renters insurance in Phoenix, at just $100 per year. That's less expensive than the city's average cost of $170, providing a $69 discount on the city's normal rates.

Begin your search for a renters insurance policy by reviewing the cheapest companies in Phoenix.


CHEAP RENTERS INSURANCE COMPANIES IN PHOENIX
CompanyAverage Annual Rate in Phoenix
USAA$100
American Family$129
Travelers$133
ACA$145
State Farm$146

Phoenix renters insurance premiums by coverage level

The cost of your renters insurance depends on the amount of coverage you opt to carry. The most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Phoenix, the difference in annual premium between these two tiers is approximately $59. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.

Coverage LevelAverage Annual Rate in Phoenix
$25K Property$140
$50K Property$199

Tip: bundle your renters and car insurance

If you’re trying to save, purchase your renters and auto policies from a single company. Bundling renters and car insurance in Phoenix can lead to substantial savings. In fact, bundling renters and auto insurance leads to average savings of 7.9% on car insurance premiums. The auto insurance company with the cheapest bundled rate is GEICO, followed by Progressive and American Family.


AUTO AND RENTERS INSURANCE BUNDLING DISCOUNTS IN PHOENIX
Annual Bundle SavingsBundle Savings %
$1307.9%

Need renters insurance? Talk to an expert today.