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Best homeowners insurance in Arizona for 2022

Updated Nov 15, 2022
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How Bankrate chose the best home insurance companies in Arizona

To find the best Arizona homeowners insurance companies, Bankrate analyzed and compared data provided by Quadrant Information Services. Rates are based on the same coverage limits and deductibles for 40-year-old homeowners with good credit and a clean claims history. Although these rates may differ from your personalized rates, they can be useful to gauge how much companies charge, on average, compared to competitors. Bankrate also created the Bankrate Score to help homeowners determine which company best reflects their personal needs and desires for an insurance experience. The Bankrate Score, based on a five-point scale, factors in each carrier’s coverage options, financial strength ratings, online and mobile policy management tools, location availability and third-party customer satisfaction and experience scores.

Best home insurance companies in Arizona

The average cost of home insurance in Arizona is $1,216 per year for $250,000 in dwelling coverage. Based on data collected from Quadrant Information Services, the J.D. Power 2022 U.S. Home Insurance Study and the attributes reflected in the Bankrate Scores, we determined the top three Arizona homeowners insurance carriers are State Farm, Chubb and Auto-Owners. These data could help you see where a company might fit your needs and where it may fall short. Each company is different, and each homeowner has a unique circumstance, so reviewing several company metrics might help you determine which insurer could be worth a quote.

During your search for the best Arizona home insurance, you may want to compare quotes from three or more of these homeowners insurance companies:

State Farm
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
J.D. Power
829
/1,000
AM Best
A++
Average monthly premium
$133
Average annual premium
$1,593
Read review
Chubb
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info Hover for more
J.D. Power
809
/1,000
AM Best
A++
Average monthly premium
$98
Average annual premium
$1,178
Get a quote
Auto-Owners
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info Hover for more
J.D. Power
825
/1,000
AM Best
A++
Average monthly premium
$88
Average annual premium
$1,054
Get a quote
Nationwide
Rating: 4.1 stars out of 5
4.1
Bankrate Score
Info Hover for more
J.D. Power
816
/1,000
AM Best
A+
Average monthly premium
$63
Average annual premium
$759
Get a quote
ASI Progressive
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info Hover for more
J.D. Power
801
/1,000
AM Best
A+
Average monthly premium
$62
Average annual premium
$740
Get a quote
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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.

*Premiums are for $250K in dwelling coverage

Best home insurance company for customer satisfaction

J.D. Power:
829 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,593
State Farm Insurance review

Explore Bankrate's review

Best home insurance company for complimentary services

J.D. Power:
809 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,178
Chubb Insurance review

Explore Bankrate's review

Best home insurance company for optional coverages

J.D. Power:
825 /1,000
AM Best:
A ++
Avg. annual premium for 250k dwelling
$ 1,054
Auto-Owners Insurance review

Explore Bankrate's review

Best home insurance company for property claims satisfaction

J.D. Power:
816 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 759
Nationwide Insurance review

Explore Bankrate's review

Best home insurance company for affordable average rates

J.D. Power:
801 /1,000
AM Best:
A +
Avg. annual premium for 250k dwelling
$ 740
ASI Progressive Insurance review

Explore Bankrate's review

How much is homeowners insurance in Arizona?

The average cost of home insurance in Arizona for $250,000 in dwelling coverage is $1,216 per year, less than the national average of $1,383 per year. Arizona’s average is surprisingly more expensive than neighboring Southwest states like California, at $1,084 per year, and Nevada and Utah, at $874 per year and $668 per year, respectively. However, 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. As you will see in the table below, rates can vary in certain cities. ;

Home insurance in Arizona

Every state has unique home insurance considerations. First, understanding the common causes of damage and the potential for natural disasters in Arizona and even in your ZIP code might help you take preventative measures to lessen the risk or extent of the damage. Once you understand what damage can be done to your home, you can choose appropriate coverage types from each insurance company for your financial protection.

 

Common causes of loss in Arizona

Arizona is a beautiful state but is also at risk for natural disasters. Some common causes of damage include:
  • Flooding: Most of Arizona is at a higher-than-average risk for flooding. The state’s typically dry climate means it is at a high risk for flash floods when heavy rains happen. The ground cannot absorb the moisture quickly enough, causing forceful flows of water.
  • Water damage: The same heavy rainfalls that can cause flash floods can also cause other water damage. Rain can find its way into your home via your roof, siding or windows and cause serious damage. Water damage can also happen when sewer and drain lines back up or pipes burst.
  • Wildfires: The state of Arizona is highly susceptible to wildfires. In 2021, the Insurance Information Institute estimated that 242,200 properties in Arizona were at-risk of damage caused by a wildfire, an increase from the 2019 projection of 237,900 properties.

Home insurance coverage options 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
Carol Pope
Insurance Writer

Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance.

Edited by Insurance Editor
Reviewed by Senior wealth manager, LourdMurray