Whether you are a first-time buyer or have owned your home for 30 years, one of your main goals is likely to protect your financial investment. As a homeowner, certain repairs or maintenance concerns will be left up to you to take care of. However, if a catastrophic event severely damages your home, you may want to have a homeowners insurance policy to restore your home to its previous state. On average, homeowners in Glendale pay $1,217 per year for $250,000 of dwelling coverage.
When searching for the right homeowners insurance policy, it could pay off to select a company with good rates and important policy inclusions. Affordability is often important when selecting an insurance company, but a reputable company that pays out claims reliably is likely just as important. All these factors, and more, are often taken into consideration when searching for the best homeowners insurance policy.
Bankrate researched policy offerings and premiums from the top, cheap home insurance companies in Glendale, Arizona. By considering customer satisfaction scores and 2021 quoted rates, we have narrowed down the best options for your consideration.
Best home insurance companies in Glendale
J.D. Power is a well-trusted third-party organization that ranks and scores different companies. It uses customer ratings to showcase the best companies for consumers in the market. Based on its 2020 Home Insurance Study, 2021 rates we gathered from Quadrant Information Services and research conducted into each company’s policy offerings, the best home insurers in Glendale are as follows:
|Home insurance company||Average annual premium for $250K liability||J.D. Power score|
|*USAA||$567||*889 / 1,000|
|AAA||$727||825 / 1,000|
|Nationwide||$733||808 / 1,000|
|Progressive||$744||797 / 1,000|
|State Farm||$956||829 / 1,000|
*Due to membership eligibility restrictions, USAA is considered rank-ineligible by J.D. Power.
With the highest customer satisfaction score, USAA is the best of the best when it comes to homeowner policies. However, it only provides coverage for former and current military members and their families. While USAA policies have exclusive membership, those who do qualify can enjoy the fact that USAA policyholders typically have premiums lower than the national average.
In addition to low rates, USAA scores exceptionally well for its claims services. Military families in Glendale searching for homeowners insurance might take USAA into strong consideration for its combination of low rates and great claims experience. As an additional bonus, military uniforms that are damaged are covered for active or deployed service members.
When compared to the average homeowners premium for Glendale residences, AAA policyholders pay a substantially lower premium on average. What makes it stand out as a company is that it is able to find policyholders at the best rate by outsourcing its home policies to different companies. This way, AAA is able to find the most competitive policy for you.
AAA requires policyholders to have a membership, but there are exclusive products and services available as a member. You could also personalize your home insurance policy by choosing different coverage options and endorsements.
Nationwide is amongst the rankings for best home insurance companies because of its rates and scores for customer satisfaction and claims experience. With an average city premium of $733 a year, Glendale residents could enjoy a reputable company at a competitive price. What sets Nationwide apart from most of the competition is that it has multiple local agents available to service the Glendale area. Local agents often make insurance related concerns easier to address because they are able to meet customers face-to-face. This might be comforting for policyholders who are faced with a catastrophic claim.
Progressive is ranked as one of the best insurance companies because of its generally low rates, due in part to its popular discounts available to insureds. And while Progressive is an affordable provider, it also has impressive financial stability. Its A+ rating with AM Best helps prove that it is capable of paying costly claims promptly. Progressive also has servicing insurance agents and brokers in Glendale
Another reputable company, State Farm is highly worth consideration for homeowners in search of insurance in Glendale. Not only does State Farm have one of the highest J.D. Power ratings above, but it also offers many discounts. There are a range of losses covered for homeowners as well as local agents ready to assist. With its large market share and trusted name, State Farm is likely to be found in the top rankings for many Glendale homeowners.
Home insurance coverage options in Glendale
Homeowners insurance may not be required in Glendale unless you have a mortgage. This is because the lending company has an invested interest in the home and will likely want to ensure that it will easily be repaired or rebuilt if something happens to it. However, with or without a mortgage, insuring your home is generally advisable for any homeowner.
Most companies allow you to select a policy that is tailored to your home and even your budget. Coverage amounts may vary, and there are other options and endorsements you can add as seen fit.
- Additional living expenses: If a policyholder’s home is being repaired due to an open claim, this coverage helps an insured with their normal living routine outside of the home. It can also cover the cost of lodging and food.
- Wildfire coverage: For residents in Glendale, wildfires could be a serious threat. This endorsement pays out for fire-related claims as a result of wildfires.
- Flood coverage: Due to monsoon season, flooding is a common issue for Glendale residents. Insurance companies do not usually cover flood damage directly, but homeowners could purchase a flood policy through FEMA.
Home insurance discounts in Glendale
Insuring your home is a responsible move, but the cost of insurance along with other financial responsibilities might seem like a lot. Luckily, you may be able to take advantage of multiple discounts that you qualify for. Most companies offer discounts that may be available to you. These discounts can add up to equal a decent amount of savings on your policy.
- Multi-line discount: This is usually available to insureds who bundle two or more policies. Home and auto bundles are the most common.
- Claims-free discount: If you have never had to file a homeowners claim before, you may be eligible for a claims-free discount. This shows that you are a low risk, and the company may reward you by lowering your premium by the appropriate discount percentage.
- Safety device discount: Whether you have just a fire alarm, or the addition of a burglar alarm, you could receive a discount from most companies for having safety equipment installed. This discount is cumulative, so the more safety devices you have, the greater discount you could receive.
Each company works differently, and some may offer discounts that others do not. The amount of the discount can differ between companies as well. Most Glendale companies will offer the multi-line discount, which is good news for homeowners in the city as it usually significantly lowers premiums. Not only does it usually save a substantial amount on home insurance premiums, but you could end up saving a great deal on the auto insurance as well. Together, home and auto can be the most costly bills for some people. Saving on both of them may be a win-win for the insured.
In addition to the discounts mentioned above, others are offered for being a loyal customer or choosing to set up an automatic payment plan. Whichever insurance company you decide on for your Glendale home, consider comparing rates, coverages and discounts before purchasing a policy. Homeowners policies are not one size fits all, so taking the time to research companies is important to find the right policy for you.
Frequently asked questions
What is the best home insurance company?
The best home insurance company can differ based on what coverages you need and what discounts you are eligible for. Looking at multiple quotes from different insurance companies is usually ideal to find the best home insurance company and price for you.
How much does home insurance in Glendale cost?
While the average cost of home insurance in Glendale is $1,217 per year, this varies from one policyholder to the next. The insurance company will look at your home, your claims records and many other factors in determining your rates.
How much home insurance do I need in Glendale?
The amount of coverage you need for your home is based on your actual home. Some homes cost more to rebuild, and some owners have more personal property than others. These coverages are specific to each policyholder and their needs.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should be used for comparative purposes only. Your quotes will differ.