Best & Cheapest Renters Insurance In Arizona For 2025

Approximately 34% of all households in Arizona rent. The average cost of renters insurance in Arizona is approximately $276 per year, or about $23 per month. This makes it an affordable way to protect your personal belongings and liability.

However, those costs fluctuate based on many factors, primarily flash floods and severe weather, according to the Center for National Hazards.

Having had over 15 years of experience as a licensed property and casualty agent, I’ve helped many clients find the right renters insurance to suit their needs and budget. This deep industry knowledge allows me to provide insights that save you time and money while making sure you have the right coverage.

Cheapest Renters Insurance Companies In Arizona

American Family and Farm Bureau are the cheapest renters insurance companies in Arizona. American Family costs an average of $10 per month, while Farm Bureau costs around $12.

Best Renters Insurance Companies In Arizona 2025

Travelers is the best renters insurance company in Arizona, with average monthly premiums of $38.

Use the table below to view the best renters insurance companies in Arizona, and their average rates.

How Much Is Renters Insurance In Arizona?

The average cost of renters insurance in Arizona is typically around $23 per month, or about $276 annually. However, the exact cost can vary significantly depending on several factors. These include the location of the rental property, the value of your personal belongings, the coverage limits, and any additional coverage options you may choose.

Average Arizona Renters Insurance Costs – By City

Where you live in Arizona can have a significant impact on the cost of renters insurance.

Here’s a table showing the average cost of renters insurance in 10 major cities in Arizona:

What Factors Affect The Price Of Renters Insurance In Arizona?

Several factors influence the cost of renters insurance in Arizona. Understanding these can help you manage your premium:

• Location: Arizona has three active volcanic fields, and this leads to problematic soil and a high risk of landslides from severe weather, flash floods, or earthquakes. Homes in these areas are at a higher risk and therefore, cost more to insure.
• Safety Features: In addition to areas prone to natural disasters, neighborhoods with high crime rates face higher monthly premiums particularly Maricopa and Phoenix but investing in preventative safety devices like smoke detectors, security systems, and deadbolts may lower premiums.
• Value of Personal Belongings: The more valuable your possessions, the higher your coverage limits and premiums.
• Claim History: A history of claims may increase your rates.
• Deductible: A higher deductible can lower your monthly premium but increase out-of-pocket costs.
• Rental Property Type: Apartments may cost less to insure than houses.

Is Renters Insurance Required In Arizona?

In Arizona, renters insurance is not legally required by the state, but many landlords or property management companies may require tenants to have a policy in place. While the law does not mandate renters insurance, landlords often include this requirement in the lease agreement as a way to protect both the tenant and the property owner.

For tenants, having renters insurance is a wise decision, even if it’s not required by law. It helps safeguard personal property, which may be costly to replace out-of-pocket. Furthermore, renters insurance may provide coverage for temporary living expenses if the rental unit becomes uninhabitable due to a covered event.

While not mandatory, renters insurance can provide peace of mind and financial protection. It’s important to review the lease agreement and check with the landlord to see if it’s a requirement, as failure to comply could result in penalties or lease termination.

While not mandatory, renters insurance can provide peace of mind and financial protection. It’s important to review the lease agreement and check with the landlord to see if it’s a requirement, as failure to comply could result in penalties or lease termination.

Common Renters Insurance Discounts In Arizona

Renters insurance providers in Arizona offer various discounts that can reduce your premiums:

• Bundling Policies: Combining auto and renters insurance with the same company can lead to savings.
• Security Features: Installing security systems or smoke alarms can result in discounts.
• Claim-Free Discounts: If you haven’t filed claims in several years, you may qualify for lower rates.
• Property Age: Newer, well-maintained homes may qualify for discounts.
• Loyalty Discounts: Long-term customers may receive reduced rates over time.

Common Renters Insurance Claims In Arizona

The most common renters insurance claims in Arizona have to do with damage from natural disasters primarily landslides, earthquakes, floods, and seasonal fires. Beyond that, common claims in urban areas and major cities like Phoenix have to do with theft where personal belongings are at a higher risk due to higher crime. Water damage, often caused by burst pipes or appliance malfunctions, is also a common claim in urban areas.

Does Renters Insurance In Arizona Cover Landslides?

According to data collected by the Arizona Department of Transportation and the Arizona geological survey, over 6,000 Landslide features have taken place in Arizona often triggered by volcanic eruptions, heavy rains, and earthquakes.

Unfortunately renters insurance does not cover landslides as these are typically considered “earth movements”.

For this, you may need additional coverage or a separate policy like an earth movement or ground movement policy, or a “Difference in Conditions” policy.

This additional coverage can help with repairs to personal property and provide protection in case of significant damage due to a landslide.

Does Renters Insurance In Arizona Cover Earthquakes?

Arizona experiences hundreds of earthquakes annually.Arizona has a unique seismic belt that is located across the northern part of Arizona where the most significant earthquakes take place. Yuma, Safford, Tucson, and Prescott also experience earthquakes with some regularity.

Renters insurance does not cover earthquake damage. Earthquakes are considered “ground movement” or “earth movement” and these are not covered events.

You can, however, purchase separate earthquake insurance.

Does Renters Insurance In Arizona Cover Fire?

Yes, renters insurance in Arizona covers fire damage to personal property and the rental unit itself. If a fire destroys belongings or causes damage to the apartment or house you’re renting, your renters insurance policy will typically cover the cost of repairs or replacement. This includes damage from smoke, heat, and soot.

Renters insurance also provides liability coverage if the fire spreads and causes damage to neighboring units. It’s important to keep an updated inventory of belongings to ensure adequate coverage.

Does Renters Insurance In Arizona Cover Flooding?

Renters insurance in Arizona does not cover flooding caused by heavy rains, storm surges, or rising water. Flooding is considered a separate peril, and standard renters policies exclude this type of damage.

To protect against flooding, renters in Arizona must purchase separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers. This is very important given the soil conditions throughout the state and the high risk of floods and landslides co-occurring after storms and earthquakes.

Flood insurance will cover damage to personal property and the structure of the rental unit caused by rising water, ensuring comprehensive coverage in flood-prone areas.

Does Renters Insurance In Arizona Cover Wind Damage?

Yes, renters insurance in Arizona generally covers wind damage caused by events such as windstorms and hail. Wind-related damage to personal belongings, such as furniture, electronics, and clothing, is usually covered under a standard renters policy.

It’s important to review your policy to confirm that wind damage is included and to consider additional coverage if necessary for extreme weather events.

What Does Renters Insurance Cover In Arizona?

Renters insurance provides essential protection for your belongings and liability, offering financial security in the event of unexpected incidents. Understanding what is covered under a renters insurance policy helps you make informed decisions about your coverage needs. Below, we break down the key components of renters insurance coverage.

Liability Coverage

Liability protection is an essential part of renters insurance. It covers legal expenses and medical costs if someone is injured while on your property. For example, if a guest slips and falls in your home, liability coverage can help pay for their medical bills and any legal fees if you are sued.

Additional Living Expenses

If your rental becomes uninhabitable due to a covered incident, such as a fire or storm, renters insurance can cover additional living expenses. This includes the cost of temporary housing, meals, and other expenses while your home is being repaired or replaced.

Personal Property Coverage

Renters insurance typically covers personal belongings, such as furniture, clothing, electronics, and appliances, in the event of theft, fire, vandalism, or other covered disasters. It helps you replace or repair your possessions up to the policy’s coverage limit.

Medical Payments To Others

This coverage provides small, no-fault medical payments if someone is injured on your property, regardless of who is at fault. It helps cover minor medical expenses without the need for a lawsuit or liability claim.

Earthquake Coverage

Renters in Arizona can purchase separate earthquake coverage sold as an endorsement or separate policy. This is highly recommended for those who live in the Arizona seismic belt but also for those who live in other areas of the state as the earthquakes throughout Arizona can affect houses far beyond the fault lines.

Loss Of Use Coverage

If you cannot use your rental due to a covered event, loss of use coverage can help with extra costs such as hotel stays and transportation.

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