Best & Cheapest Renters Insurance In Arizona 2026

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.

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 2026

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? 2026 Rates

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:

Average Cost Of Renters Insurance In Arizona By Company

Renters insurance rates in Arizona can vary depending on which company you choose. The table below shows the average annual cost from some of the state’s top insurers to help you compare prices and find the best deal.

Average Cost Of Renters Insurance In Arizona By Coverage Level

Your renters insurance premium in Arizona depends on how much personal property and liability coverage you select. The table below shows the average annual cost for different coverage levels to help you estimate what you might pay.

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.

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