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Best homeowners insurance companies in Arizona for 2024

Updated Jun 01, 2024
Bankrate's research found that State Farm, Chubb, Auto-Owners, Nationwide and ASI Progressive offer some of the best homeowners insurance in Arizona.

Compare the best homeowners insurance companies in Arizona

With the average cost of home insurance in Arizona standing at $2,000 annually, homeowners should prioritize finding a provider that delivers both value and comprehensive protection. To guide this search, we analyzed data sourced from Quadrant Information Services, focusing on Arizona's predominant insurance providers by market share. Our evaluation extended beyond mere numbers. We factored in AM Best financial strength ratings and customer satisfaction insights from J.D. Power's 2023 U.S. Home Insurance Study.

Furthermore, we considered the breadth of coverage options and the availability of discounts as a means to optimize affordability. We also scrutinized the user-friendliness of each company's digital platforms, including websites and mobile applications. Then, we assigned each insurer a Bankrate Score, ranging from 0.0 to 5.0, to assist Arizona homeowners in pinpointing the provider best aligned with their individual needs.

Insurance company J.D. Power Average monthly premium Average annual premium
834
/1,000
$123
$1,480
801
/1,000
$129
$1,553
812
/1,000
$106
$1,273
829
/1,000
$108
$1,301
Progressive
Not rated
$79
$947
*Premiums are for $300K in dwelling coverage **USAA not officially ranked by J.D. Power due to eligibility restrictions

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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.

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Bankrate's trusted insurance industry expertise

Read our full methodology

The home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

The top 5 home insurance companies in Arizona

Best for optional coverages

Auto-Owners

4.6

Rating: 4.6 stars out of 5

Avg. premium for $300K dwelling

$123/mo

Avg. premium for $300K dwelling

$1,480/yr

Customer satisfaction

834/1,000

Best for complimentary services

Chubb

4.3

Rating: 4.3 stars out of 5

Avg. premium for $300K dwelling

$129/mo

Avg. premium for $300K dwelling

$1,553/yr

Customer satisfaction

801/1,000

Best for property claims satisfaction

Nationwide

4.3

Rating: 4.3 stars out of 5

Avg. premium for $300K dwelling

$106/mo

Avg. premium for $300K dwelling

$1,273/yr

Customer satisfaction

812/1,000

Best for customer satisfaction

State Farm

4.2

Rating: 4.2 stars out of 5

Avg. premium for $300K dwelling

$108/mo

Avg. premium for $300K dwelling

$1,301/yr

Customer satisfaction

829/1,000

Best for affordable average rates

Avg. premium for $300K dwelling

$79/mo

Avg. premium for $300K dwelling

$947/yr

Customer satisfaction

Not rated

Additional Arizona home insurance companies to consider

USAA

USAA

Who this may be best for

Homeowners looking for insurance products tailored to military families

USAA, celebrated for consistently high marks in customer satisfaction, offers insurance products tailored to military families, ensuring both affordability and specialized benefits. Its 2023 J.D. Power rating is 881/1,000, surpassing the industry average of 819. However, its exclusive availability to active-duty and retired military and their qualifying family members means it's not for everyone.

Allstate

Allstate

Who this may be best for

Homeowners looking for multifaceted coverage

A 2024 Bankrate Award winner for Best Homeowners Insurance Company Overall (tied with USAA) and Best for Bundling Home and Auto Insurance, Allstate is noted for its multifaceted coverage spectrum spanning home, auto and life insurance. This allows policyholders the simplicity of centralizing their diverse insurance needs with a singular provider. For those valuing consolidation and variety, Allstate may present a fitting choice.

American Family

American Family

Who this may be best for

Homeowners looking for distinctive add-on coverage types

Founded in 1927, this seasoned Wisconsin-based insurer is celebrated for its distinctive add-on coverage types, offering homeowners more than just standard protections and catering to those seeking personalization. AmFam is also recognized for its competitive pricing. However, potential policyholders might want to note its limitations in state availability.

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.

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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.

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Cheapest home insurance companies in Arizona

While searching for affordable coverage, obtaining multiple home insurance quotes in Arizona can lead homeowners to discover the most cost-effective options. It's important to note that while price is a significant factor, ensuring the policy meets all your needs should remain a priority. As the home insurance market in Arizona continues to evolve, so does the competition among providers, making it even more important for homeowners to compare offerings.

Carrier Monthly premium for 3000k coverage Annual premium for $300k coverage Savings vs state avg. for $300k coverage
Armed Forces
$56
$667
- $1,333
$85
$1,016
- $984
$94
$1,126
- $874
$106
$1,273
- $727
$108
$1,301
- $699

How to get cheap Arizona home insurance

Naturally, no one wants to overpay for home insurance. Fortunately for Arizona homeowners, there are strategies available to help manage costs. Consider the following tactics when seeking affordable 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: 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. You should typically only do this, however, if you can afford to pay the increased amount in the event of a claim.

Best 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:

Insurers may offer you a discount if you install devices or systems that make your home safer, such as sprinkler systems or burglar alarms.
Paying your bill on time, as well as paying in full at the beginning of your policy's term, may earn you a discount with some insurers.
Many insurers will offer a discount to customers who go for a certain time without filing any claims.
Some insurers offer a small discount if you purchase your policy online rather than through an in-person agent.
Did you buy a new home or purchase one that was built within the last few years? That could earn you a discount from some insurance companies.
Shopping ahead of time may save you money, as some insurers will offer a discount if you receive your quote at least 10 days before the policy starts.

How to save on home insurance policy renewals in Arizona

While the Arizona landscape is beautiful, it can present homeowners with unique challenges. Nevertheless, several strategies can be employed to potentially reduce premium costs upon policy renewal:

  • Enhance energy efficiency: Arizona's scorching temperatures can lead to high energy bills during the summer months. Implementing energy-efficient home improvements, such as installing solar panels, energy-efficient windows or better insulation, can sometimes qualify homeowners for insurance discounts. Not only do you save on utilities, but you may also reduce your premium by showcasing a commitment to sustainable living and home maintenance.
  • Upgrade home security: While Arizona cities like Phoenix have seen fluctuations in property crime rates, bolstering home security can be a prudent move. Installing security systems or surveillance cameras can often lead to discounts. Inform your insurance provider of any such enhancements, as they might adjust your rate favorably.
  • Regularly review and adjust coverage: As home values and personal belongings change, it's vital to revisit your policy. Over-insuring can lead to higher premiums, while under-insuring can leave you vulnerable. Annual policy reviews ensure you're adequately covered without paying extra.
  • Bundle policies: Many insurance companies in Arizona offer multiple policy types. By bundling home insurance with auto or life insurance, for instance, you might be eligible for significant discounts. It simplifies the insurance process and can lead to cost savings.

How much is home insurance in Arizona?

The average cost of home insurance in Arizona for $300,000 in dwelling coverage is $2,000 per year, 10 percent less than the national average of $2,230 per year. Arizona’s average is surprisingly more expensive than neighboring Southwest states like California, at $1,453 per year, and Nevada and Utah, at $1,138 per year and $1,182 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.

Insurance company $150K $300K $350K $450K $750K
$893
$1,553
$1,763
$2,182
$3,331
$991
$1,480
$1,707
$2,127
$3,141
$792
$1,273
$1,431
$1,735
$2,648
$896
$1,301
$1,424
$1,673
$2,345
N/A
N/A
N/A
N/A
N/A

Arizona homeowners insurance rates by city

In Arizona (and other states), homeowners insurance rates aren't uniform across cities. Various factors, such as local weather patterns, crime rates and proximity to emergency services, can influence the pricing dynamics within different municipalities. As you explore the map and searchable data table below, you'll discover how these rates fluctuate across the diverse landscapes and communities of Arizona.

  • Surprise: $1,616 per year — 19 percent below state average
  • Sun City West: $1,620 per year — 19 percent below state average
  • Vail: $1,632 per year — 18 percent below state average
  • Green Valley: $1,645 per year — 18 percent below state average
  • San Luis: $1,653 per year — 17 percent below state average
  • Parks: $2,655 per year — 33 percent above state average
  • Munds Park: $2,599 per year — 30 percent above state average
  • Gray Mountain: $2,573 per year — 29 percent above state average
  • Forest Lakes: $2,560 per year — 28 percent above state average
  • Greer: $2,526 per year — 26 percent above state average

*Rates are for $300,000 in dwelling coverage.

What does home insurance cover in Arizona?

In the sun-kissed state of Arizona, homeowners face a unique set of challenges that their insurance needs to address. While every policy can differ slightly, most standard homeowners insurance packages cover a certain range of perils. Knowing what's commonly covered can help you gauge if you might want to consider additional coverage specific to Arizona's climate and environmental conditions.

  • Dwelling protection: This covers the physical structure of your home — the walls, roof and built-in appliances. It covers damage from various events, such as windstorms or hail.
  • Personal property coverage: This aspect of your policy covers your belongings inside the home (like furniture, electronics and clothing) in the event of theft or damage.
  • Liability protection: Should someone get injured on your property or if you or a family member causes damage to someone else's property, this part of the policy can help cover legal fees and damage costs.
  • Medical payments coverage: If a guest gets injured on your premises, this can help cover their medical bills, irrespective of who was at fault.
  • Additional living expenses: In the event that your home becomes uninhabitable due to a covered peril, this helps cover the extra costs you might incur for temporary housing and meals.

Additional home insurance coverage types 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.

Related content:

Common Arizona home insurance problems

Arizona homeowners often find that while the state boasts beautiful landscapes and sunsets, it presents its own set of challenges when it comes to securing home insurance. Several factors unique to the region can influence the insurance landscape, making it sometimes tricky for residents to find the ideal coverage.

  • Climbing rates: Inflation impacts the cost of labor and building materials needed for home repairs or rebuilding. Coupled with supply chain disruptions, these rising costs can sometimes be reflected in insurance premiums.
  • Environmental challenges: The state's arid climate can lead to certain natural events like dust storms or extreme heat waves, which might not always be covered by standard policies.
  • Pest infestations: Arizona's warm climate can be a magnet for certain pests, such as termites or scorpions. Damage from these pests often isn't covered by standard home insurance, adding an extra layer of consideration for homeowners.
  • Urban development: As cities like Phoenix continue to expand, there's an increased risk of urban-related perils, such as theft or vandalism, which might affect premiums and coverage options.

New

Recent news in Arizona homeowners insurance market

A concerning trend is emerging in Arizona's home insurance landscape. Particularly in the northern regions of the state, homeowners are facing unexpected challenges in maintaining consistent insurance coverage. This disruption primarily stems from insurance companies either declining renewals or completely withdrawing their services from the state, with increasing wildfire risks being a significant factor. Here's what you need to know.

  • Coverage drop mid-policy: Some homeowners, even without prior claims or evident wildfire risks, are finding themselves suddenly dropped from their insurance mid-policy.
  • Skyrocketing policy costs: For those whose policies are not renewed, securing alternative insurance often comes with a steep price hike, sometimes quadrupling the original amount.
  • Close encounters with wildfires: A number of homeowners relayed instances of their residences being in the vicinity of recent wildfires. This proximity, even without any direct damage or claims, has led to non-renewals of their insurance.
  • Insurance firms retracting: Observations from local insurance agents highlight a growing number of companies pulling their services out of Arizona. The spiraling costs of rebuilding homes after wildfires, considering the escalating prices of construction materials and labor, are cited as major contributors.
  • Major insurance companies remain tight-lipped: Efforts to gain insights from leading insurance companies on their position concerning Arizona have yielded little response. Nonetheless, the state's Department of Insurance and Financial Institutions is aware of these shifts, stressing the value of offering consumers a variety of insurance choices.

Homeowners are encouraged to stay updated and actively explore all available home insurance quotes in Arizona to ensure continuous protection amidst these industry changes.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze June 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
  • Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
  • Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
  • Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
  • Coverage E, Liability: $500,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 
5
Rating: 5 stars out of 5
Overall Score
  • Cost & ratings 50%
  • Coverage & savings 30%
  • Support 20%
Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.
Written by
Ashlyn Brooks

Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.

Edited by Editor, Insurance