Homeowners Insurance in Arizona

The A to Z guide to discovering the best Arizona homeowners insurance quotes.

Finding the Best Homeowners Insurance in Arizona

The best homeowners insurance in Arizona has a combination of reasonable price and excellent value coverage. The Grand Canyon state is a beautiful place to live with its scenic views and desert landscapes. Arizona broad range of geological settings, which ranges from high, snow-covered mountains to arid plans, combined with its unpredictable weather, makes it smart to have a homeowners insurance policy. The homeownership rate is nearly 65%. Cheap homeowners insurance Arizona is a reality in the Copper State. Arizona's basic homeowners' policy cost $803 annually, making it the 46th most expensive state out of 50 states in the United States for homeowners insurance as of 2017. Today, Arizona's homeowners' insurance cost is $1,528, making it the 18th most expensive state in the U.S for homeowners insurance. Arizona gets only about 12 inches of rain annually. But the standard homeowners' insurance claim in the state is the flash flood in its southern desert areas. Other claims include fire, lightning, wind and hailstorms. Fire and lightning are the most expensive claims in the state. A typical homeowners insurance policy does not include flood damage. You have to obtain a separate policy from the National Flood Insurance Program.
Arizona Homeowners Insurance Cost Broken DownRates
Yearly Cost of Homeowners Insurance in Arizona$1,093.00
Costs Per Month for Homeowners Insurance in Arizona$91.08

How Much is Homeowners Insurance in Arizona

The homeowners' insurance rate in Arizona is above the national average rate in the United States. It is more expensive than 32 states in the United States. Arizona is the 18th most expensive states in the United States for homeowners insurance. The average cost of homeowners insurance rates in the United States is $1,445. The average cost of homeowners insurance rates in Arizona is $1,528. The cost of homeowners insurance in the Great Canyon state is not fixed for location. It varies from one homeowners insurance companies to another and from location to location. The higher than the average national homeowners' insurance rate is a result of natural risks such as wildfires, wind and hailstorms and lightning. The cheapest city for homeowners insurance in Arizona is Oro Valley, with an annual rate of $1,333, which is 13% lower than the state average. The costliest city for homeowners insurance in Arizona is Phoenix, with an annual rate of $1,839, which is 21% higher than the state average. In the Great Canyon State, the average annual price of homeowners insurance is $1,528. The average monthly price of homeowners insurance in Arizona is $127.3. The percentage of homeowners occupied units spending 30% or more on rent and utilities in Arizona is 44.8. It is the 17th in American states' rank in terms of spending 30% or more on rent and utilities.

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Arizona Homeowners Insurance Laws

What are Arizona homeowners insurance requirements? Arizona homeowners insurance laws do not require homeowners to have a homeowners insurance policy. There are no legal sanctions for not having homeowners insurance in Arizona. There is no need to worry about being legally compliant, whether you owe a homeowner insurance or not; the law also for free rein. Put in simpler terms, homeowners insurance are not compulsory. Homeowners may decide to take it up, or they may decide to leave it out. Generally, some regulations guide the insurance industry, including the homeowners' insurance policy. Many mortgage banks will insist on you having a homeowners insurance policy before they can grant you loans. What mortgage companies are doing is merely protecting their assets until you fully pay off your mortgage. There could be damages caused by natural disasters that are not your fault, homeowners insurance cover some of these perils. Not all mortgage companies do so, though. Without an iota of doubt, homeowners insurance is beneficial to homeowners. It protects your home and belongings from damages when it occurs. What this means is that if damages cover your home as a result of the covered perils in the homeowners' insurance policy, the homeowners' insurance company will foot the bill for such damages.

What Does Homeowners Insurance Cover in Arizona

The best homeowners insurance policy covers dwelling coverage, personal property, additional living expense and personal liability. Dwelling coverage refers to the cost of repairing or replacing your home. If a disaster happens and causes damage to your floors, walls, ceiling and other structural elements, the dwelling coverage covers it. It covers damage caused by perils such as fire, lightning and hail. Some homeowners insurance policy covers detached structures such as a shed or detached garages. The personal property coverage covers your belongings. If damage happens to your home, definitely your belongings will also be affected. A typical home insurance policy covers the cost of damages to personal items such as furniture and clothes. It also covers theft. Homeowners' insurance policy can also cover expensive items like art and jewellery, although it may not cover the full value depending on your insurance package's cost. You can also request additional coverage if you want to cover the full value of your valuables. It also covers additional living expenses that may arise due to severe damage to your home, which prevents you from using it, such as hotel bills and food.

Top Rated Homeowners Insurance Companies in Arizona Based on Ratings

Companies offering homeowners insurance in Arizona include Allstate, Farm Bureau, Farmers, Liberty Mutual, State Farm, Hippo, Nationwide, Travelers, USAA, MetLife, CSAA, Chubb, American Family, Auto-Owners and AmFam. This Arizona homeowners insurance companies list is comprehensive and needed more. The best homeowners insurance companies in Arizona are State Farm, Nationwide, Chubb and USAA. State Farm is the best homeowner insurance company for most homeowners. Nationwide is the best for low homeowners insurance rates. Chubb is the best for premium homeowners insurance coverage, and USAA is the best homeowners insurance company for military families. State Farm homeowners insurance in Arizona has the best rating from our findings. State Farm has a J.D Power ranking of 4 out of 5, an AM Best Rating of A++ and a Consumer Reports rating of 85. Allstate came second with a J.D Power Rating of 3 out of 5, AM Best Ranking of A+ and Consumer Report Rating of 82. Farmers came third with a J.D. Power Rating of 3 out of 5, AM Best Rating of A and Consumer Report Rating of 82.

How to Lower Homeowners Insurance in Arizona

Finding Arizona homeowners insurance discounts requires a more in-depth search. Sometimes, homeowners insurance companies make it easier for you when they run their massive advertisement for their products, but other things, you need to find some tricks yourself on how to lower homeowners insurance in Arizona. The default way to lower homeowners insurance in Arizona is to shop around, compare different homeowners insurance providers in the state and find the one which best suits you. This method saves you money, but it can take some time to complete. Contact the Arizona insurance department for some helpful information in this regard. You can also talk to the customer support and ask them for a discount. Try it, and you may get one. Another way to lower homeowners insurance in Arizona significantly is to raise your deductibles. They are the sum you pay before your homeowners' insurance company starts paying your claim. The recommended sum is $500, but if you can raise it to $1,000, you can save as much as 25 per cent. If you buy your homeowners insurance and auto insurance from the same insurance company, you enjoy as much as 13 per cent off the premium price for both.

Compare Homeowners Insurance in Arizona Before Buying

You can easily compare homeowners insurance to find affordable homeowner insurance in Arizona. Shopping for homeowners insurance in Alaska has to be done with a plan and criteria set to prevent you from just buying any homeowners insurance. First, define what type of homeowners insurance do you want. Are you looking for an affordable plan or one with the best coverage? What do you want to insure against? The next step is to know what the homeowners' insurance companies cover and what they do not. Then you can now consider the price to the value they provide. It is possible to get affordable homeowner insurance in Arizona despite its high cost compared with other states. You have to do some research and review those that offer discounts. Also, consider both consumer ratings from authority sources such as J.D. Power, AM Best and NAIC Value.