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Best homeowners insurance in Arizona in 2022
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It can be overwhelming to shop for home insurance, especially with so many companies in your state. Bankrate compared and analyzed dozens of insurance companies offering coverage in Arizona to help homeowners more easily and efficiently navigate this process. These top five best Arizona homeowners insurance companies offer broad coverage options and discounts to keep costs low. Based on our analysis, State Farm, Chubb, Auto-Owners, Nationwide and ASI Progressive may be worth considering when shopping for the best Arizona home insurance.
- The average cost of homeowners insurance in Arizona is $1,216 per year for $250,000 in dwelling coverage.
- Bankrate’s five best Arizona homeowners insurance companies include State Farm, Chubb, Auto-Owners, Nationwide and ASI Progressive.
- Arizona homeowners may want to consider optional coverage or policies for water backup, floods and wildfires.
How Bankrate chose the best home insurance companies in Arizona
Best home insurance companies in Arizona
|Home insurance company||Bankrate Score||Average annual premium*||J.D. Power customer satisfaction score||AM Best rating|
|State Farm||4.7||$1,593||835/1,000||A++ (Superior)|
|ASI Progressive||3.7||$740||821/1,000||A+ (Superior)|
Best for customer satisfaction
Best for complimentary services
Best for optional coverages
Best for property claims satisfaction
Best for affordable rates
How much is homeowners insurance in Arizona?
Home insurance in Arizona
Common causes of loss in Arizona
- 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
- 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.