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Best homeowners insurance in Arizona for 2023

Bankrates’s research found that State Farm, Chubb, Auto-Owners, Nationwide and ASI-Progressive offer some of the best homeowners insurance in AZ.

Updated May 25, 2023
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Compare the best homeowners insurance companies in Arizona

We used data provided by Quadrant Information Services to determine the average rates of Arizona's largest insurance companies by market share. But we didn't stop there. AM Best rankings are a good indication of financial strength, while J.D. Power's Insurance Study shows how well each company manages their interactions with their policyholders. 

We also looked for companies that offer a wide range of optional coverages and a robust list of discounts to keep costs down. Finally, we reviewed each company's website and mobile app for ease of use. Based on this data, we gave each company a Bankrate score, between 0.0 and 5.0, to help homeowners decide which one can best serve their needs.

Chubb
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
AM Best
A++
J.D. Power
825
/1,000
Average monthly premium
$97
Average annual premium
$1,164
Get a quote
Auto-Owners
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A++
J.D. Power
801
/1,000
Average monthly premium
$82
Average annual premium
$987
Get a quote
Nationwide
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A+
J.D. Power
Not rated
Average monthly premium
$67
Average annual premium
$801
Get a quote
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
AM Best
A++
J.D. Power
816
/1,000
Average monthly premium
$181
Average annual premium
$2,171
Read review
ASI Progressive
Rating: 2.8 stars out of 5
2.8
Bankrate Score
Info
AM Best
A+
J.D. Power
Not rated
Average monthly premium
$64
Average annual premium
$764
Get a quote
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

The top five home insurance companies in Arizona

Chubb

Best for complimentary services

Rating: 3.5 stars out of 5
3.5 Bankrate Score
JD Power: 825 AM Best: A++

Average annual premium

$ 1,164 for $250k dwelling
Chubb Review Get a personalized quote

Why Chubb made our list: Chubb offers homeowners unique complimentary services that could be ideal for some homeowners, such as HomeScan, which can signal potential leaks and electrical hazards, and where more insulation may be needed for maximum home efficiency. The carrier also provides wildfire defense services and a risk consultant who will evaluate homes to ensure you have the coverage and protection you need. Chubb includes water backup coverage and replacement cost on contents in its standard home insurance policies without an additional cost, which is rare for an insurance carrier. Chubb works primarily with high-value homeowners, so it may not be the right fit for everyone. However, its average rates are still below the Arizona average for the $250K dwelling coverage.

Who Chubb may be good for: If you are looking for a full-service homeowners insurance company that offers more than a few bells and whistles, it may benefit you to consider Chubb. Although Chubb markets itself mainly to owners of high-end homes, it could be a good fit for anyone looking for robust coverage with all the extras.

Auto-Owners

Best for optional coverages

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 801 AM Best: A++

Average annual premium

$ 987 for $250k dwelling
Auto-Owners Review Get a personalized quote

Why Auto-Owners made our list: In addition to a more competitive average rate than the Arizona average, Auto-Owners has a robust list of potential discounts homeowners can use to keep their premiums low. Auto-Owners also offers an excellent collection of add-on coverage options, such as guaranteed home replacement cost, water backup of sewers or drains, special personal property, ordinance or law coverage and its signature Homeowners Plus program. However, Auto-Owners scored below average in the 2022 J.D. Power U.S. Insurance Digital Experience Study for service, so homeowners who want to handle their policies online or on their smartphone might want to keep this in mind.

Who Auto-Owners may be good for: If you want a policy that you can customize to fit your specific needs rather than a cookie-cutter policy that doesn't necessarily match your situation, Auto-Owners may be worth a look. You'll be able to add to your policy from the company's extensive list of endorsements, or riders, to end up with customized coverage for your home.

Nationwide

Best for property claims satisfaction

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: Not rated AM Best: A+

Average annual premium

$ 801 for $250k dwelling
Nationwide Review Get a personalized quote

Why Nationwide made our list: Although Nationwide doesn't have the highest possible Bankrate Score, it still has an impressive amount of policy customizations available. If you want your roof to better withstand high winds, consider Nationwide’s Better Roof Replacement, which helps pay to rebuild your roof with stronger and safer materials after a covered claim. Nationwide also ranks fifth in the J.D. Power U.S. 2022 Property Claims Satisfaction Study. However, Arizona homeowners looking for robust online options may be dissatisfied with Nationwide, as the company ranked second-to-last in the J.D. Power U.S. 2022 Insurance Digital Experience Study.

Who Nationwide may be good for: For many homeowners, one of the most important factors for a home insurance company is how well it pays out on claims. That’s one area where Nationwide excels, according to its policyholders, and if it's the most important factor on your list of desirable traits, you may want to consider what Nationwide has to offer.

State Farm

Best for customer satisfaction

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 816 AM Best: A++

Average annual premium

$ 2,171 for $250k dwelling
State Farm Review Get a personalized quote

Why State Farm made our list: Although State Farm is the most expensive option on our best Arizona homeowners insurance list, it has a lot of perks to offer to homeowners. State Farm has over 19,000 agents nationwide, with local agents available in multiple Arizona cities offering personalized service to the local communities. State Farm may be a good provider for any Arizona homeowner looking for easy policy management. The company offers highly-rated mobile apps and online resources to help you file a claim or manage your policy. Potential discounts for multiple policies, home security systems and even roofing materials could help you earn a lower rate.

Who State Farm may be good for: If you prefer to do your insurance business with a real person rather than an app or a website, State Farm might be good for you. The insurance company offers a network of knowledgeable agents across Arizona who can answer your questions and help you craft a policy that works for your needs.

ASI Progressive

Best for affordable average rates

Rating: 2.8 stars out of 5
2.8 Bankrate Score
JD Power: Not rated AM Best: A+

Average annual premium

$ 764 for $250k dwelling
ASI Progressive Review Get a personalized quote

Why ASI Progressive made our list: ASI Progressive may be a good choice if you are looking for the cheapest homeowners insurance in Arizona. This carrier does not have much optional coverage but could be the right fit for homeowners who need basic coverage. Paying in full, getting an advanced quote and going paperless are some ways homeowners may save even more with ASI Progressive. While ASI Progressive ranked above average in the J.D. Power Insurance Digital Experience and Property Claims Satisfaction Studies, it ranked below average in the organization’s Home Insurance Study and has the lowest Bankrate Score on our best Arizona homeowners insurance list. On average, its rates are the most competitive in Arizona for $250K in dwelling coverage.

Who ASI Progressive may be good for: If you're pinching pennies after purchasing your home, ASI Progressive may offer a homeowners insurance policy that won't stretch your resources. It may also be worth considering for young first-time homebuyers, who may still be working to get on solid financial ground.

How Bankrate chose the best home insurance companies in Arizona

Our choices for the best Arizona homeowners insurance companies were made based on multiple factors, which were combined with data from Quadrant Information services and resulted in a Bankrate Score that is designed to make purchasing your home insurance easy and efficient. 

The Bankrate Score is a five-point scale that is based on our evaluation of multiple factors including average prices for Arizona policies and the number of endorsements and discounts each company offers. We also looked at third-party rankings for financial strength and customer service. Insurers with higher Bankrate Scores are more likely to be able to write you a solid policy for your property at a rate that is competitive in the market.

Clock Wait
46
years of industry expertise
Search
122
carriers reviewed
Location
20.7K
ZIP codes examined
Dollar Coin
1.2M
quotes analyzed

How much is homeowners insurance in Arizona?

The average cost of home insurance in Arizona for $250,000 in dwelling coverage is $1,268 per year, less than the national average of $1,428 per year. Arizona’s average is surprisingly more expensive than neighboring Southwest states like California, at $1,225 per year, and Nevada and Utah, at $889 per year and $696 per year, respectively. 

Average home price and overall cost of materials affect total insurance costs and considerations in these neighboring states. Arizona’s widely varying weather may be a factor in the high cost of insurance. The risk of natural disasters like wildfires, landslides, earthquakes and water damage may be driving up the average rates in the state.

$150K
$1,539
$250K
$2,171
$350K
$2,648
$450K
$3,274
$750K
$5,109
$150K
$775
$250K
$1,164
$350K
$1,536
$450K
$1,910
$750K
$2,983
$150K
$743
$250K
$987
$350K
$1,300
$450K
$1,623
$750K
$2,572
$150K
$579
$250K
$801
$350K
$1,030
$450K
$1,255
$750K
$2,010
$150K
N/A
$250K
$764
$350K
N/A
$450K
N/A
$750K
N/A
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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Your location has a strong effect on the rate you pay for your homeowners insurance. If you live in an area where there are less than the average number of claims, you may pay less for your coverage. Insurers look at each region and even each ZIP code to determine how many claims are being submitted, and adjust rates accordingly based on these statistics. These cities in Arizona have insurance averages that are below the state average:

  • Dewey $1,196 – 6 percent below statewide average
  • Nogales $1,196 – 6 percent below statewide average
  • Tubac $1,196 – 6 percent below statewide average
  • Camp Verde $1,198 – 6 percent below statewide average
  • Hotevilla $1,198 – 6 percent below statewide average

Likewise, if your region is prone to natural disasters such as wildfires or flooding, you may pay more for your premium. The increased risks associated with living in such an area mean that insurers must charge more to cover the higher number of claims they pay out. Here are some of the cities with insurance that is higher than the state average:

  • Wikieup $1,338 – 6 percent above statewide average
  • Casa Grande $1,335 – 5 percent above statewide average
  • Phoenix $1,335 – 5 percent above statewide average
  • Apache Junction $1,325 – 4 percent above statewide average
  • Pomerene $1,325 – 4 percent above statewide average

How to find the best cheap home insurance in Arizona

No one wants to pay more than is necessary for their home insurance, of course, and Arizona homeowners may be pleased to know that there are tactics they can take to keep costs down. Here are a few strategies you can consider when looking for cheap home insurance in Arizona:

  1. Shop around: Don't settle on the first quote you receive for your coverage. You may be surprised at the range of options you'll have if you ask for quotes from several different insurers.
  2. Work on your credit score: Most states allow insurance companies to factor in your credit-based insurance score when calculating your rate. In turn, you are more likely to receive a favorable rate if you have a high credit score, since you have a documented history of paying your bills in full and on time. Lower scores may indicate difficulties with paying your bills, so insurers may charge more to cover their risk.
  3. Bundle policies: purchasing more than one policy from the same company may earn you a better rate for both policies. Consider bundling your auto insurance with homeowners insurance to take advantage of this.
  4. Maintain your roof: An old or poorly maintained roof could be the cause of a costly claim. Insurers may lower your rate if your roof is on the newer side.
  5. Increase your deductible: if you can afford it, raising your deductible is likely to lower your premium rate. You should typically only do this, however, if you could afford to pay the increased amount in the event of a claim.

Common home insurance discounts in Arizona

You may be able to lower the cost of your homeowners insurance policy by taking advantage of any discounts that apply to you. Almost all insurers offer at least a few discounts for homeowners. Here are a few that are common in Arizona:

Types of home insurance in Arizona

When you buy home insurance in Arizona, your policy will likely have several standard coverage types like dwelling, personal property and liability. Beyond that, you can tailor your coverage to your needs with endorsements and separate policies. Arizona homeowners may want to consider adding the following coverage options for greater financial protection:

  • Flood insurance: Flood damage is not covered by standard home insurance policies. Often, you will need to purchase a separate flood insurance policy, although a few companies may offer flood coverage as an endorsement. Because of Arizona’s high risk of flash floods, flood insurance may be well worth considering. This coverage may be optional, but if you live in a flood zone and have a mortgage, you could also be required to have a flood insurance policy.
  • Water backup coverage: The same sudden, heavy rains that can lead to flash floods can also overwhelm your sewer and drain lines, causing them to back up into your house. Water backup coverage is a common endorsement and is designed to pay for the damages caused by water backing up into your home.
  • Wildfire coverage: Homeowners insurance generally covers fire damage as a common peril, but if you live in an especially high-risk area, you may need a separate policy for higher limits or more extensive coverage against fire damage.
  • Replacement cost coverage: Some carriers offer replacement cost as part of the standard coverage package, while others consider it an add-on coverage for which you pay extra. Consider including replacement cost on your dwelling and contents (if available), which will compensate for new building materials and belongings without factoring in depreciation or wear and tear after a covered loss.

Because Arizona is at high risk for weather-related damage, working with a licensed agent to choose coverage could be prudent. An agent who is familiar with the area may be able to help you decide what coverage offerings will most benefit you.

Frequently asked questions

Written by
Mary Van Keuren
Insurance Contributor

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Insurance Editor