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What You Should Know
- Some companies that have the best renters insurance in AZ include Allstate, American Family, State Farm, and Travelers
- The average monthly renters insurance rates in AZ are $17 per month
- Renters insurance in AZ generally includes coverage for state-specific risks such as hurricanes and wildfires
If you rent an apartment, condo, or other property in Arizona, you might want to consider finding protection for your home and belongings. Renters insurance in AZ allows you to ensure financial security in case your rental property or possessions are damaged or destroyed.
Read more below about the best renters insurance in AZ, the average cost of renters insurance in AZ, and more.
You can also enter your ZIP code into our free quote comparison tool above to compare rental insurance companies in Arizona now.
Which companies have the best renters insurance in AZ?
Renters insurance is already an affordable type of insurance, but you still want to ensure that you're getting cheap coverage combined with excellent customer service. Below are some companies that offer the best renters insurance in AZ.
Allstate
Allstate has very affordable renters insurance rates in AZ. On average, monthly renters insurance rates from Allstate are $14. Allstate also provides discounts to save even more, such as home protection discounts, claim-free discounts, and bundling discounts.
In addition, Allstate offers discounts for retirees over 55, which may benefit older renters.
Optional coverages for renters insurance include personal umbrella insurance, flood insurance, identity theft insurance, and scheduled personal property coverage. These optional coverages make it easy to customize your policy for your exact needs.
American Family
The average annual cost of renters insurance from American Family is $121 per year.
There are also plenty of add-on coverages and separate policies that you can bundle with your renters insurance to have added protection, including bicycle insurance, home-based business coverage, travel insurance, pet insurance, and identity theft coverage.
In addition, American Family is highly-rated in its customer service and financial strength.
State Farm
The average monthly rate for State Farm renters insurance in Arizona is $12. Compared to the state average, this could equal savings of up to 30%.
In addition, State Farm has excellent customer service and a solid financial reputation.
Additional coverages from State Farm include incidental liability insurance, additional business property insurance, earthquake insurance, identity theft coverage, and additional liability insurance.
Travelers
The average monthly rate for Travelers renters insurance in AZ is $17. While this is slightly higher than some of the other renters insurance companies available to AZ residents, it is still on par with the average rates in AZ.
In addition, Travelers offers some perks that are especially beneficial for long-term renters. For example, you can add coverages such as extended liability, equipment breakdown coverage, and water backup insurance that may be challenging to find with other companies.
However, you must buy Travelers renters insurance policies in one-year increments.
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What does renters insurance cover?
Renters insurance protects policyholders who rent their residence plus their belongings. Some of the basic coverages included in renters insurance include:
- Personal property - Covers damages to the policyholders belongings such as furniture or clothing
- Medical payments - Covers medical expenses and funeral costs for someone injured on the policyholder's property
- Loss of use - Covers living expenses if the policyholder cannot use the property due to a covered loss
- Personal liability - Covers damage or injury caused by the policyholder on their property
While these are generally included in a basic renters insurance policy, each company has its add-on coverages and extra benefits that may be included or optional with your policy. In addition, companies may tailor their policies to the risks associated with a specific location.
How much is renters insurance in AZ?
The average monthly rate for renters insurance in AZ is $17 per month. However, this can vary by company and city. For example:
- Renters insurance in Phoenix, AZ costs $19 per month on average
- Renters insurance in Tucson, AZ costs $18 per month on average
- Renters insurance in Mesa, AZ costs $17 per month on average
- Renters insurance in Scottsdale, AZ costs $18 per month on average
| City | Average Monthly Renters Insurance Rates | Percentage Difference from AZ Average |
|---|---|---|
| Apache Junction | $16 | -4.3% |
| Avondale | $18 | 6.5% |
| Buckeye | $17 | -1.2% |
| Bullhead City | $16 | -7.5% |
| Casa Grande | $22 | 27.7% |
| Chandler | $16 | -5.7% |
| Flagstaff | $16 | -9.0% |
| Gilbert | $16 | -6.7% |
| Glendale | $17 | -0.2% |
| Goodyear | $17 | 0.2% |
| Kingman | $16 | -5.0% |
| Lake Havasu City | $16 | -7.9% |
| Maricopa | $22 | $27.7 |
| Mesa | $17 | -1.4% |
| Oro Valley | $16 | -5.7% |
| Peoria | $17 | -1.4% |
| Phoenix | $19 | 12.9% |
| Prescott | $16 | -3.8% |
| Prescott Valley | $16 | -6.6% |
| Scottsdale | $18 | 2.3% |
| Sierra Vista | $16 | -9.1% |
| Surprise | $17 | -1.9% |
| Tempe | $17 | -1.3% |
| Tucson | $18 | 5.9% |
| Yuma | $16 | -4.8% |
The good news is that you should find cheap renters insurance in most AZ cities. But be sure to take your time comparing companies based on other factors, such as discounts and how to customize your policy.
What should I know about renters insurance in AZ?
Renters insurance in Arizona is similar to renters insurance in other states. However, some companies tailor their coverage options based on the specific risks of a location.
For example, renters in Arizona may risk having their homes and belongings damaged during certain weather conditions and natural disasters, such as hurricanes or wildfires. Therefore, many Arizona renters insurance policies will cover damages caused by these events.
If you're looking for cheap renters insurance in AZ, enter your ZIP code into our free quote comparison tool below.