The Best Homeowners Insurance In Arizona For 2024

State Farm offers the best homeowners insurance in Arizona, with an average annual premium of $915.

min read
Updated: 15 March 2024
Written by
Bob Phillips
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Arizona has some beautiful weather, but as homeowners know, it can also experience extreme weather—the kind that damages and destroys homes and property. This is a state with a wide variety of weather events, such as thunderstorms, dust storms, and sometimes there is snowfall in high elevations. In addition, Arizona does get the occasional tornado, but they aren’t normally all that bad.

We’ve put time and effort into compiling information and data about insurance related topics.  If you’re checking out home insurance, our findings might be helpful to you.

I’ve found that State Farm is the best overall homeowners insurance company in Arizona.

Best Home Insurance Companies In Arizona, 2024

Best Home Insurance, Arizona, 2024

Compare The Best Home Insurance Companies In Arizona

Overall Rating Best For A.M Best Rating J.D Power Rating Online Experience Get A Quote
State Farm
4.9

Best Overall

A++

829

9/10

Instant Quote
Farmers
4.4

Policy Perks

A

792

9/10

Instant Quote
Nationwide
4.6

Coverage Options

A+

815

8/10

Instant Quote
Chubb
4.8

Cheap Rates

A+

809

7/10

Instant Quote
Allstate
4.7

Discounts

A++

816

9/10

Instant Quote
Scroll to see comparisons

Our Methodology

When researching home insurance companies and deciding which ones seem to be the best, our choice hinges on data from impartial sources such as J.D. Power and AM Best. In addition, we look at online customer ratings to see what they have to say about a company, along with other data.

AM Best is where we get the lowdown on an insurer's financial standing. J.D. Power is the source to find out about policyholder satisfaction. Customer reviews reveal problems, if any, that an insurer has with its customers.

58

Quotes Analyzed

17

Brands Reviewed

15+

Years Of Experience

30+

Research Hours

The Best Homeowners Insurance Companies In Arizona


Best Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
10/10 Coverage Level

Why We Like Them

State Farm was our number one selection for homeowners insurance in Arizona. It has a stable, strong financial foundation and gets the top most rating from AM Best of A++. J.D. Power also gives State Farm a very good rating–829 of 1000–in customer satisfaction, due to  its numerous positive online reviews from satisfied policyholders. There are numerous local offices, agents and claim representatives in Arizona, State Farm can be counted on to provide fast, convenient service.

This insurer has much to recommend it with multiple positive features and affordable premiums. You get coverage from events such as Identity Protection and credit card fraud, for example. HOA members who must follow rigid codes may find themselves in violation of these codes if they have to rebuild their home after a covered loss. State Farm will provide you with legal assistance if necessary, and the cost of purchasing new materials needed to be in compliance with your HOA. These features and others are examples of the loss protection State Farm provides.

If you decide that State Farm is the insurer you want to go with for your homeowner insurance, it’s quick and easy to go online and get started. You can take the preliminary steps on the internet, but State Farm doesn’t allow you to purchase coverage online, so you’ll have to meet with one of their agents for that. Once you’re a policyholder, you’ll have access to your State Farm account online either via the app or website. Many busy people see online service as a big plus because of its time and hassle free convenience. You’ll be able to enroll in autopay, pay your premium, choose paperless billing, or even file claims online. The website also offers a resource library that has much good information about insurance.

Benefits & Drawbacks

Benefits
  • Multiple coverage options
  • Many local offices and agents in Arizona
  • Highest rating from AM Best for its financial strength
Drawbacks
  • Can't go through an independent agent to purchase a policy

Best For Policy Perks

Overall Rating
4.4

Key Statistics

9/10 Affordability
6/10 Customer Reviews
7/10 Claims
9/10 Coverage Level

Why We Like Them

Customers award Farmers high ratings for policy perks and online experience, too. These positive ratings for online experience may be because of this company’s user-friendly explanations of their policy perks, along with how they might affect your coverage and also have a bearing on how much premium you pay. If you need homeowners insurance, Farmers’ policy perks may influence your decision about which carrier you select.

  • Discount if Claim Free: Being claim-free for three years or more means you might get a discount
  • Deductible Declines: You’ll get $50 taken off the amount of your deductible for each year your policy is active
  • Claim Forgiveness: iNo claims for a minimum of 5 years and your premium won’t increase if you do have to file a claim
  • Replacement Cost Guaranteed: No matter the price, you will receive the entire cost of rebuilding or repairing your home because of a covered loss
  • Multi Line Policies: Insuring multiple types of coverage, such as auto and homeowners, and get a discount of up to 34%

J.D. Power rates Farmers highly with a score of 9.3/10. This rating would probably be  better if not for the higher than average negative reviews from policyholders

Benefits & Drawbacks

Benefits
  • Over twelve discounts available
  • A lot of local offices and agents throughout Arkansas
  • Guaranteed replacement cost is standard in all policies
Drawbacks
  • Lower than usual customer satisfaction ratings

Best Coverage Options

Overall Rating
4.6

Key Statistics

8/10 Affordability
6/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

AM Best gives Nationwide the highest rating of A++ for its financial strength. Customer satisfaction reviews aren’t quite as high, but this insurer is a top company with a lot to recommend it. The many local offices, agents, and claims adjusters ensure convenient, quick service.

If you prefer to have policy options available, you’ll like the extra options provided by Nationwide, some of which aren’t offered in standard home insurance coverage from similar carriers. You’ll get reimbursement for ID theft and credit card fraud, for example. If you find yourself at the mercy of your HOA and must repair or rebuild your home with extremely rigid codes due to a covered loss, Nationwide will provide you with the service of an attorney to help you get in compliance. It gives you extra coverage for labor and materials necessary, too.

Better Roof Replacement provides added coverage if you must purchase new roofing materials after a covered loss.

Brand New Belongings is a helpful option made available by Nationwide. You get reimbursed for the loss or damage to your belongings, minus depreciation. You just buy replacements for  those items, send your receipts to Nationwide, and receive reimbursement minus the difference between what you paid for the replacements and their depreciation.

Benefits & Drawbacks

Benefits
  • Highest A++ rating from AM Best due to its financial stability and strength
  • Numerous coverage options offered
  • Many offices and agents locally in Arizona
  • High marks from AM Best because of its financial strength
Drawbacks
  • More than average negative reviews online from customers
  • AirBnb or other short-term rentals aren't coverage

Best For Cheapest Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
8/10 Coverage Level

Why We Like Them

Chubb is tops in affordable rates, especially for high-end homes. Its premium costs about  $1,435.00 annually, which is less than the average rate of  $1,530.00 a year in Arizona.

Arizona homeowners have good things to say about Chubb overall. They seem to like its affordable rates and features not often present in standard home insurance. If your house is damaged or destroyed by a covered loss, for example, Chubb won’t force you to rebuild.

You can opt to receive a cash settlement instead. Other features like individualized claims, property management services for a second home, high-tech property inspections, and more are helpful to many people. Besides its features, Chubb also has add-ons, such as options available besides its standard homeowners insurance.

Coverage for replacement of home and personal belongings, breakdown of equipment, water backup, and other incidents. You’ll get additional coverage for the extended replacement cost of your home and property, even if the value has depreciated since it was purchased.

Benefits & Drawbacks

Benefits
  • High value homes can obtain special coverage
  • Numerous options and special features available
  • Among the most affordable rates in Arizona
Drawbacks
  • No scheduled personal property
  • Unable to obtain a rate quote online

Best For Discounts

Overall Rating
4.7

Key Statistics

8/10 Affordability
7/10 Customer Reviews
8/10 Claims
8/10 Coverage Level

Why We Like Them

While the average number of discounts for home insurance nationwide is seven, Allstate offers eleven. Discounts are important because they’re a way for you to save money on your premium. Allstate has an excellent reputation within the insurance industry and with customers in Arizona and across the United States. I, along with a lot of home insurance analysts, believe Allstate to be one of the best companies around.

Allstate’s discounts include:

Automatic Payment: If you enroll in auto-pay where your premiums are deducted from your checking account automatically, you get a 5% discount

  • Bundle: Purchasing more than one line of coverage—such as auto and home- and get as much as a 25% discount
  • New Home Buyer: Buying a new home might mean getting a discount
  • Responsible Payment: Pay your premium on time to build a good payment record and get rewarded with discount
  • Deductible Reward: When you buy an Allstate insurance policy, you’ll get $100 taken off your existing deductible
  • Loyalty: Renew your Allstate policy and get a ten percent discount
  • Claims Forgiveness: Allstate has optional coverage that will prevent your premiums from increasing after a claim
  • New Home: A newly built home may be eligible for a discount
  • Claims Free: Go a year without any claims and get a discount of 5% when you renew your policy
  • Early Payment: If you purchase a new policy within one week of the renewal of your old policy, you get a ten percent discount
  • Protective Device: The installation of protective theft and fire devices could get you a discount

Allstate has more than the U.S. average number of home insurance policy discounts, with 11 available. In addition to the more basic options such as Identity Theft and credit card fraud, Allstate has other, less common discounts for its customers. For example, you receive coverage for such outdoor things as riding mowers and landscaping.

Benefits & Drawbacks

Benefits
  • Financially strong and stable
  • A lot of local offices with agents across Arizona
  • 11 discounts as opposed to the national industry average of 7
Drawbacks
  • Above average number of policyholder complaints online

Average Cost Of Home Insurance In Arizona

Insurer Annual Rate
State Farm $915
Travelers $1,013
USAA $1,085
Chubb $1,435
Arizona Average Rate $2,033
Allstate $1,500
Farmers $1,508
Nationwide $1,605
Kin $1710

Cheapest Cities For Homeowners Insurance In Arizona

City Annual Rate
Oro Valley $1,008
Sierra Vista $1,137
Catalina Foothills $1,138
Casa Adobes $1,154
Peoria $1,207

Most Expensive Cities For Homeowners Insurance In Arizona

City Highest Rate
Glendale $1,670
Scottsdale $1,685
Phoenix $1,895
Yuma $1,990

Home Insurance Premiums By Deductible In Arizona

Deductible Average Annual Rate
$500 $1,356
$1,000 $1,229
$1,500 $1,161
$2,000 $1,090
$5,000 $903

Home Insurance Prices By Coverage Level In Arizona

Coverage Level Average Annual Rate
$100,000 Dwelling $677
$200,000 Dwelling $937
$250,000 Dwelling $1,229
$400,000 Dwelling $1,737

The Most Affordable Areas For Homeowners Insurance In Arizona

Premiums in Arizona range from Oro Valley at $1,078.00 in zip code 85755, to as much as $1,830.00 in Phoenix, zip code 85109 . The lowest rates according to zip codes are:

ZIP Code City Lowest Rate
85755 Oro Valley $1,078
85613 Sierra Vista $1,137
85704 Casa Adobes $1,154
85303 Peoria $1,207

How To Find The Best Home Insurance Company For You

If you need to get information about home insurance, you’ll be glad to hear that the internet has simplified this task. Nowadays, you can get online and research to learn all you want and need to know about anything, including homeowners coverage. You’ll need to log in some time online, but it’s a good use of your time since if you’re like most Americans, your home is probably your most valuable asset. That  means it is important for the financial security of  your family to safeguard and protect your home in the event of a covered loss.

Here are 5 easy steps to assist you in deciding which homeowners insurance company is best for your needs:

  1. Begin by learning all you can about home insurance companies in Arizona. There is a lot of information available online about this and more pertaining to home and property coverage. Weed out the carriers that don’t appear suitable for you until you’re down to three
  2. Then put pencil and paper or a calculator to it and determine the amount of coverage you’ll need. You might want to  consult an agent about this
  3. Next, get quotes from those three companies
  4. Look at each insurer’s rates, as well as the rates of each insurer, along with each one’s coverage amounts, financial condition, and reviews from policyholders

Most home insurance companies will allow you to get a quote online, but not all. For the ones who won’t, you will need to have a face to face meeting with an agent.

How To Get A Home Insurance Quote Online In Arizona

It’s usually easy to get a quote online from a homeowners insurer. But, you’ll come across a few that won’t and if that happens, you’ll have to meet with an agent. So to begin, you’ll need to visit insurance company websites.

Look at what policyholders have to say about them, including their customer service and coverage. You will also need to check out the rating each carrier receives from J.D. Power and AM Best. Narrow your choices down to three companies that appear to be suitable for your particular needs.

Then eliminate two of those three and make an application for coverage from that company. Below are three simple steps to get your rate quotes and then make an application for coverage:

  1. You’ll see quite a few questions on the form. Answer them all. The questions will be regarding the worth of your home and your personal belongings, your home’s contents, its size in square feet, its age, and others along those lines
  2. When you’ve answered all of the questions, submit the form to get quotes
  3. Once you have the quotes, determine which company seems best for you and submit an application to that company

You’ll need to meet with an agent for companies that don’t allow online quotes or applications for coverage

Factors That Impact The Cost Of Your Home Insurance Policy In Arizona

What you pay for home insurance premiums in Arizona depends on a variety of factors, including:

  • The age of the home – Your insurance premiums could run up to 75% higher for a home that is 30 or more years old than for a more recently constructed home. This is due to things like more stringent rules and regulations on newer homes, so it’s more expensive to be in compliance with current building codes
  • Your claim history – If you have filed property insurance claims in the past, you can count on paying more for coverage
  • Deductibles and amount of coverage—If you pay a smaller deductible, you’ll pay a larger premium. That’s just how it works. As far as coverage, the more you paid for your home, the more coverage it will take to replace it. Consequently, your premium will be higher since the insurer will be out more money for your home if they have to rebuild it
  • Close to flood zones – Homeowners insurance will cost more if your home is situated in a place that’s prone to flooding
  • The zip code of your home – If you live where extreme weather events like floods, tornadoes, or ice and snow storms occur, you’ll pay higher rates for coverage

Home Insurance Discounts In Arizona

When meeting or talking to an insurance agent, be sure to inquire about the type of discounts that are available from their company. Discounts can save you a lot of money, so it’s nice to know they’re offered. You can normally get more than one type of discount. Here are a few discounts you may get:

  • Bundle: If you insure your home along with your vehicle with the same insurance company, you might receive up to a 25% discount
  • Automatic Payment: Enrolling in autopsy and having your premium automatically drawn from your checking account can entitle you to a discount
  • Responsible Payment: You might get a discount if you consistently pay your insurance premiums on time
  • New Home: The purchase of a new home can net you a discount
  • Claims Free: Don’t file a claim for a minimum of twelve months and get a discount of up to 25%

Early Payment: You could receive a discount if you purchase a new policy within a week of renewing your old policy

Arizona Home Insurance Laws To Know

Arizona law doesn’t require you to have home insurance. However, your lender will stipulate that you insure it if there is a mortgage. This state does not have Bad Dog laws that limit the breed of dog a homeowner is allowed to have at his/her residence.

FAQs

Is home insurance more expensive in Arizona?

No. The yearly rate for home insurance in Arizona is $2,033.00, which is lower than a lot of other states

How much per month is a million-dollar home insurance policy in Arizona?

Your cost for homeowners insurance in Arizona is based on various things. For instance, your home’s value, the value of your belongings, your home’s location, its age, its outside composition, the amount of your deductible, your carrier, and more. Two of the least expensive home insurance rates in Arizona are Chubb and State Farm, with yearly premium rates of $1,435.00 for Chubb and $915.00 for State Farm.

What is the average monthly cost of home insurance in Arizona?

Rates are calculated on factors such as your home’s value, the value of its contents along with personal valuables, where your home is situated, the amount of your deductible, the age of your home, and more. The average Arizona home valued at $300,000 will usually cost around $130 a month to insure.

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