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 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 the rank of American states in terms of spending 30% or more on rent and utilities.

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 for 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 the cost to your insurance package. You can also request for additional coverage if you want to cover the full value of your valuables. It also covers additional living expenses that may arise as a result of severe damage to your home, which prevents you from using it, such as hotel bills and food.

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 od 4 out of 5, an AM Best Rating of A++ and 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.