Key Takeaways
- Travelers offers the cheapest home insurance rates in Arizona for most homeowners.
- USAA charges even lower homeowners insurance rates if you have military ties.
- The average cost of home insurance in Arizona comes in well below the national average.
In this article
The cheapest home insurance providers in Arizona
Travelers is the cheapest home insurance company in Arizona, charging $1,077 a year, on average.
Chubb, State Farm and Progressive also offer affordable home insurance rates to Arizona homeowners, according to our survey of the state’s top providers.
Arizona homeowners who are current or former members of the military, or are an eligible relative of someone who is, may find the lowest rates from USAA. We found USAA’s average annual premium to be $1,102 – just a few dollars a year more than Travelers.
| Insurance company | Average annual premium |
|---|---|
| Travelers | $1,077 |
| Chubb | $1,255 |
| State Farm | $1,276 |
| Progressive | $1,279 |
| Farm Bureau | $1,350 |
| Nationwide | $1,415 |
| Allstate | $2,185 |
| American Family | $2,493 |
| Farmers | $2,646 |
| USAA* | $1,102 |
| Average | $1,608 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military and their families. | |
Compare quotes and see how much you could save on home insurance
How much is home insurance in Arizona?
The average cost of home insurance in Arizona is $1,608 a year, or $134 a month.
This is 16% lower than the average cost of home insurance in the U.S. as a whole, which is $1,903 a year, or $159 a month.
What you pay for home insurance in Arizona depends on several rate factors, including:
- The age of your home
- The materials used to build it
- Your ZIP code
- Your insurance claim history
The deductible you choose for your home insurance policy plays an important role in how much it costs, too. Generally speaking, the lower your deductible, the higher your premium – as the following table shows.
| Deductible amount | Average annual premium |
|---|---|
| $500 | $1,735 |
| $1,000 | $1,608 |
| $1,500 | $1,516 |
| $2,000 | $1,420 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Your home insurance policy’s dwelling coverage amount impacts how much you pay as well. In this case, a lower dwelling coverage amount usually means a lower premium, too.
| Dwelling coverage amount | Average annual premium |
|---|---|
| $200,000 | $1,313 |
| $275,000 | $1,608 |
| $350,000 | $1,899 |
| $425,000 | $2,227 |
| $500,000 | $2,575 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Of course, you don’t want to choose a low dwelling coverage amount just to save money on home insurance costs. Most homeowners choose a dwelling coverage amount that equals the cost to rebuild their home, and that’s what you should aim for, too. (On a related note, if you have a mortgage on your house, your lender will likely require you to insure it for its replacement value. You won’t be able to choose an amount less than that even if you want to do so.)
Given all the variables that go into the cost of a home insurance policy, the best way to find one that offers you the cheapest premium for the coverage you need is to compare home insurance quotes from multiple companies.
Arizona's best home insurance companies
If all you care about is getting the lowest rate on home insurance, Travelers and USAA – if you qualify for the latter – are the best companies in Arizona for you. That said, Allstate’s discounts will help some get cheap home insurance rates, too, while Chubb is the best company for those with high-end or luxury homes.
Cheapest rates: Travelers
Arizonans looking for the lowest home insurance premium are most likely to find it at Travelers. Travelers’ average annual premium of $1,077 is by far the cheapest of the state’s top providers.
Best for military: USAA
USAA’s home insurance rates are nearly as cheap as those offered by Travelers, and for some Arizona residents they’re sure to be even cheaper.
Granted, you need to be a current or former member of the military, or a close relative of one, to buy home insurance from USAA. If that describes you, though, include USAA when you shop for a homeowners insurance policy. Along with low rates, USAA is known for providing some of the best customer service around.
Best for high-end homes: Chubb
Chubb has long been known for being the best home insurance company for high-end or luxury homes. This is mainly due to its Masterpiece plan, which offers perks such as:
- Extended replacement cost coverage: Pays to rebuild your home after a covered loss even if the cost exceeds your policy limit.
- Cash settlement: Receive a cash settlement rather than rebuild your home after it’s destroyed by a covered loss.
- Contractor choice: Choose your own contractor for home repairs rather than select from a list approved by the provider.
Combine this with Chubb’s affordable home insurance rates – the state’s second-cheapest at $1,255 a year, or $105 a month – and it’s a clear top choice for Arizona homeowners.
Best for discounts: Allstate
Allstate isn’t one of Arizona’s cheapest homeowners insurance companies, but you can make it a lot cheaper if you qualify for some of the company’s many discounts. They include:
- Policyholders who bundle auto and home insurance coverage with Allstate may earn a discount of up to 25%.
- You can shave up to 20% off your premium if you switch to Allstate with no recent history of home insurance claims.
- Allstate will knock $100 off your deductible every year you go without filing a claim after you switch to it.
- If you do file a home insurance claim at some point, Allstate’s Claim RateGuard benefit can protect you from a rate increase.
Get the best and cheapest home insurance in Arizona
How much does home insurance cost in Arizona by city?
Arizonans living in Surprise pay the lowest average home insurance rates at $1,549 a year. Peoria and Gilbert homeowners also see fairly low home insurance rates, on average.
Phoenix has the highest home insurance rates among Arizona’s 10 largest cities, with an average annual rate or premium of $1,844.
| City | Average annual premium |
|---|---|
| Chandler | $1,616 |
| Gilbert | $1,593 |
| Glendale | $1,653 |
| Mesa | $1,702 |
| Peoria | $1,572 |
| Phoenix | $1,844 |
| Scottsdale | $1,754 |
| Surprise | $1,549 |
| Tempe | $1,729 |
| Tucson | $1,575 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance companies in Phoenix
For the cheapest homeowners insurance in Phoenix, make sure you get a quote from Travelers, which offers an average annual rate of $1,150. USAA is a good option, too, if you have ties to the military.
| Insurance company | Average annual premium |
|---|---|
| Travelers | $1,150 |
| State Farm | $1,356 |
| Chubb | $1,431 |
| Progressive | $1,652 |
| USAA* | $1,284 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military and their families. | |
Cheapest home insurance companies in Tucson
Tucson homeowners will find the cheapest home insurance rates from Travelers, according to our data. Its average rate or premium is $889 a year.
| Insurance company | Average annual premium |
|---|---|
| Travelers | $889 |
| Chubb | $1,057 |
| State Farm | $1,227 |
| Nationwide | $1,248 |
| USAA* | $1,023 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military and their families. | |
Cheapest home insurance companies in Mesa
Travelers has the cheapest homeowners insurance for Mesa residents, too, at an average premium of $982 a year.
| Insurance company | Average annual premium |
|---|---|
| Travelers | $982 |
| State Farm | $1,287 |
| Chubb | $1,327 |
| Farm Bureau | $1,475 |
| USAA* | $1,159 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. *Only available to current/former military and their families. | |
Arizona's cheapest home insurance by county
Among Arizona’s 10 largest counties, Yuma has the cheapest home insurance rate of $1,380 a year, on average.
Pinal County’s average home insurance rate of $1,706 a year is the highest among Arizona’s biggest counties.
| County | Average annual premium |
|---|---|
| Apache | $1,669 |
| Cochise | $1,534 |
| Coconino | $1,555 |
| Maricopa | $1,694 |
| Mohave | $1,519 |
| Navajo | $1,582 |
| Pima | $1,561 |
| Pinal | $1,706 |
| Yavapai | $1,521 |
| Yuma | $1,380 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Frequently asked questions
On average, home insurance in Arizona costs $1,608 annually, which comes out to $134 monthly.
You might pay more or less than this due to the many factors that determine your rate, including how old your home is, where you live and whether you’ve filed previous insurance claims.
Travelers has Arizona’s cheapest homeowners insurance rates at an average of $90 a month. USAA’s average rate of $92 a month is nearly as cheap, but you must be current or former military, or an eligible family member of someone who is, to qualify.
Arizona law does not require homeowners to buy insurance. If you have a mortgage on your home, though, your lender probably will require it.
Home insurance usually is a good idea even if you don’t need to buy it considering how much it can cost to repair or replace a damaged or destroyed home. Without home insurance, you’d have to cover those costs out of your own pocket.
Methodology
We collected quotes from every ZIP code in Arizona for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Sources:
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