Best and Cheapest Renters Insurance in Arizona for 2024

Sometimes renters are required by their landlord to have renters insurance. But even if you aren't required, it's still helpful and important coverage to have. A common misconception is that your landlord's insurance policy covers your apartment and your belongings that's only half true. While the structure of your apartment or building is covered by a separate policy, your own personal belongings and liability issues aren't covered without your own renters insurance policy. If your apartment becomes uninhabitable due to fire, water damage, or something else, affordable renters insurance can also offer additional living expenses.

So if you want proper personal property coverage while renting, it's important to find one of the best Arizona renters insurance companies. But where do you start? How do you know which company will provide the personal property coverage you need? If you want more than property damage coverage, is the right choice different? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company the insurer's Clearsurance score is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Arizona renters insurance rankings.

Interested in learning more about one of the companies on the list of the best renters insurance companies in Arizona? You can visit the company's profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.

On this page:

• Arizona renters insurance rates
• Average cost of renting in Phoenix
• Renters insurance for Arizona college students
• Arizona property crime statistics

Who offers the best Arizona renters insurance rates?

Prices for renters insurance depend on the insurance company you choose. Out of the most popular renters insurance companies in Arizona, USAA offers the cheapest Arizona renters insurance rates. USAA is only available to active and former military members and their families. For those who aren't eligible for USAA renters insurance, American Family provides the next cheapest rates on a renters insurance quote. American Family provides some of the most affordable rates in Arizona, compared to the national average cost of renters insurance.

In Arizona, renters insurance coverage rates vary based on factors specific to you as well as the company you choose. Some companies may offer renters insurance in Arizona for a cheaper rate than others.

In the table below, you can see average Arizona renters insurance rates from some of the largest companies in the state.

*USAA is only available to former and active military members and their families.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. 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.

How much does rent cost in Phoenix?

The average cost of rent in Phoenix, Arizona, is $956 per month, but the cost can vary based on your location and the size of your apartment. Phoenix is the capital city of Arizona and is surrounded by mountains on all sides. It’s the most populous city in Arizona with more than 1.5 million people living in it. While the average cost of monthly rent for an apartment in Phoenix is $956, the average cost differs by the area of Phoenix the apartment is located in. Units in Desert View average $1,211 per month while units in Estrella Village average $769 per month. It's no surprise that the size and type of the apartment also affect the cost of monthly rent. A studio apartment in Phoenix costs an average of $702 monthly and one-bedroom apartments cost an average of $881 monthly while a larger three-bedroom apartment costs an average of $1,316 monthly. While renting in Phoenix, Arizona, you should consider purchasing a renters insurance policy to provide you financial protection against damage or loss to your personal belongings in the event of peril.

It's no surprise that the size and type of the apartment also affects the cost of monthly rent. A studio apartment in Phoenix costs an average of $702 monthly and one-bedroom apartments cost an average of $881 monthly while a larger three-bedroom apartment costs an average of $1,316 monthly. While renting in Phoenix, Arizona, you should consider purchasing a renters insurance policy to provide you financial protection against damage or loss to your personal belongings in the event of peril.

Do college students need affordable renters insurance?

Arizona is home to the big universities of Arizona State University and the University of Arizona, but there are also many other schools scattered across the state. Arizona has hundreds of thousands of college students that live in dorms or rent apartments. There are a few things for college students renting housing in Arizona to consider in order to protect their personal belongings.

Typically, college students who live in dorms located on the college campus are covered by their parents homeowners insurance policy. That's usually only the case for students who live on campus, though. Arizona college students who rent apartments off campus should consider a renters insurance policy because their items won't be covered under their parents' policy, and without a renters insurance policy, they won't have any protection.

College students will most likely have roommates in the apartment they rent. It's not advised that students share renters insurance policies with roommates. Rather, each student should have their own renters insurance policy to protect their own belongings.

What do Arizona property crime statistics indicate?

Theft and vandalism or malicious mischief are among the 16 perils a standard renters 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

How Can You Save Money on Your Renters Insurance in Arizona?

How can you save money on your renters insurance in Arizona?

While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your Arizona renters insurance premium and have some extra spending money? Here are the top 5 ways to save on your renters insurance:

• Raise your deductible
• Ask about potential discounts on renters insurance
• Bundle your policies
• Determine the value of your personal property
• Pay in full by check

How does Clearsurance rate and rank the best renters 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.

Renters Insurance Guide

As we mentioned above, there's common misconceptions regarding what is and isn't covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in Arizona, it's important to understand what your policy covers. For example, did you know that many renters insurance policies include liability coverage in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, a renters insurance company may cover your expenses as you find temporary housing.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.

Who offers the best Arizona renters coverage rates?

Out of the most popular renters insurance companies in Arizona, USAA offers the cheapest Arizona renters insurance rates. USAA is only available to active military and former military members and their families. For those who aren't eligible for USAA renters insurance, American Family is the next cheapest option. Of course, the cost of renters insurance may vary based on location, coverage, and more. So you should always run a few quotes to get the cheapest renters insurance.

How much does rent cost in Phoenix?

The average price of rent in Phoenix, Arizona, is $956 per month. The cost can vary based on your location and the size of your apartment. A renters policy could assist with many costs if your home becomes uninhabitable for a period of time. Once you choose a company, your insurance agent can review options with you for more individualized coverage if needed.