Best and Cheapest Homeowners Insurance in Arizona for 2024

It may seem unlikely that you'll have to file a homeowners insurance claim but there are many things that can cause you to have to. From unexpected natural disasters to theft or vandalism, homeowners insurance comes in handy in many cases. In the event you may need to file a claim, don't you want to feel confident you've protected your home with one of the best Arizona homeowners insurance companies?

To help you be more confident in your homeowners insurance company, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best companies in Arizona. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each insurer you'll find the company's rating, which is based exclusively on the reviews and ratings provided by customers. Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the best Arizona homeowners insurance rankings.

If you're looking for additional information on one of the best homeowners insurance companies in Arizona, you can visit the company's profile page where you'll learn about the company, additional coverages and potential homeowners insurance discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company. This information should help the average homeowner, or person seeking to purchase their first home, make an educated decision without feeling as overwhelmed by the amount of options available.

On this page:

• Best homeowners insurance rates in Arizona for a $200K dwelling
• Best homeowners insurance rates in Arizona for a $400K dwelling
• Arizona property crime statistics
• Arizona disaster statistics

What types of coverage are included in a homeowners policy?

Different homeowners policies will include different types of coverage, but most include the following:

Dwelling coverage – This is coverage for your house itself, and usually contains protection from perils like fire, smoke, lightning, vandalism and malicious mischief, and more. Other structures coverage – This covers any additional structures you have on your property, like sheds, garages, and carports. Personal property coverage – This is coverage for the property inside your home. It pays for the repair or replacement of items that are damaged or stolen. Personal liability coverage – Liability coverage protects you in case someone is injured on your property, i.e., if someone trips and falls or your dog bites someone.

Additional coverage options are usually available to add to your policy as well. Additional living expenses coverage pays for the cost of hotels and food if you are unable to live in your home as a result of damages.

People living in high-risk areas should ask their homeowners insurance company if they need to purchase a separate policy to cover the appropriate perils, such as flood insurance or earthquake insurance.

Who offers the best homeowners insurance rates in Arizona for a $200K home?

Among the five largest homeowners insurance companies in Arizona, USAA a military only insurance company offers the cheapest home insurance rates on average for a $200K home. State Farm offers the cheapest homeowners insurance rates for non-military members of the five companies.

In the table below, you can compare the average cost of homeowners insurance rates from the five largest companies in the state by market share for an Arizona home worth about $200K.

These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Arizona will differ. Rate data is provided by Quadrant Information Services.

Who offers the best homeowners insurance rates in Arizona for a $400K home?

USAA offers the cheapest insurance coverage options in Arizona for a home worth about $400K among the five largest home insurance companies.

The table below shows the average homeowners insurance rates for a $400K dwelling from the five companies.

These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Arizona will differ. Rate data is provided by Quadrant Information Services.

What are the Arizona property crime statistics?

Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Arizona compare to other states around the country? The FBI published the following statistics on crime in Arizona for 2016:

• Property crime - 206,432
• Burglary - 37,736
• Larceny theft - 150,275

All three statistics for Arizona, when compared to the national average rate per 100,000 inhabitants, rank higher than the national average. This means that homeowners in Arizona are at-risk for property damage due to criminal activity more than homeowners living in many other states. People who are looking to purchase a home near a state border may want to consider the option of living in the state with lower crime rates in order to get a better price on their insurance policy.

What are the Arizona disaster statistics?

Weather-related incidents are typically among the costliest property damage claims for homeowners. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Arizona federally declared disasters since 1953:

• Fire - 42
• Flood - 13
• Severe storm - 10
• Freezing - 1
• Hurricane - 1

How are homeowners insurance rates calculated in Arizona?

Ever wonder why you pay what you do for home insurance in Arizona? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance may not be as obvious. Here's a list of some of the things most insurance companies consider when quoting you a rate for this type of insurance product:

• The level of coverage required
• The size of your mortgage
• Your credit score
• The square footage of your home
• The geographic location of your home in Arizona
• The condition of your home
• The age of your home
• The proximity of your home to a fire station
• Your previous claims record
• The amount of your deductible
• Optional add-ons or extra coverage like umbrella insurance

Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value.

How does Clearsurance rate and rank the best homeowners insurance companies in Arizona?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Where can I find a homeowners insurance guide?

Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Arizona homeowners insurance companies. But beyond just picking a company, it's crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in an insurance policy? What do you do if you want additional coverage?

At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!