Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (2024)

Extreme heat and wildfires are regular occurrences in Arizona, which means homeowners in Phoenix need to have enoughhome insuranceto withstand whatever mother nature throws at them.

The averagecost of homeowners insurancein Phoenix is$1,781 per yearor $148 a month. This is around 7% higher than the statewide average of $1,667 per year and on par with the national average of $1,754.

Compare home insurance rates in Phoenix

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Compare the best cheap homeowners insurance companies in Phoenix

Of the companies we looked at, Armed Forces Insurance has the lowest home insurance rates in Phoenix, with an average annual policy cost of $725 per year, followed by USAA at $1,019 per year — much less than the state average.

But cost isn't the only factor when choosing the best company, and both Armed Forces Insurance and USAA are only available to members of the military, so they won't work for most homeowners in Phoenix. American Family has the next lowest average rates at $1,229 per year.

To find the best cheap homeowners insurance in Phoenix, Policygenius rated over a dozen of the largest insurance companies in Arizona across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.

Company

Average monthly cost

Policygenius rating

State Farm

$118

4.8 out of 5

American Family

$102

4.5 out of 5

Farmers

$177

4.5 out of 5

Progressive

$164

4.5 out of 5

Allstate

$152

4.4 out of 5

Methodology & why you can trust our rates

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (1)

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (2)

2024 Policygenius award winner

State Farm

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (3)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (4)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (5)

Policygenius rating

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (6)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (7)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (8)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (9)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (10)

4.8

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

All 50 states

Why we chose itBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (11)

State Farm home insurance scores a near-perfect 4.8 out of 5 thanks to its slew of coverage add-ons, high marks on J.D. Power’s customer satisfaction surveys, and strong financial stability ratings.

Pros and consBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (12)

Pros

  • Save up to $1,127 per year when you bundle your home and auto insurance

  • Excellent line-up of policy add-ons, including extended replacement cost coverage

Cons

  • No longer sells home insurance policies in California

  • 20% more complaints filed with the NAIC than other companies of its size

More detailsBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (13)

Why State Farm is one of our top choices

At a time when lots of competitors are no longer insuring homes in areas prone to wildfires or hurricanes, State Farm continues to offer its relatively affordable and highly rated home insurance to homeowners in every corner of the country.

And it doesn't skimp on coverage, offering flood, wildfire, and earthquake protection — one of few competitors that offers all three insurance policies to homeowners in high-risk states nationwide.

Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from A.M. Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.

How much does State Farm home insurance cost compared to the Phoenix average?

The average cost of home insurance with State Farm in Phoenix is $1,414 per year.

In comparison, the average cost of home insurance with State Farm in Arizona is$1,362 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.

How to get a quote

Online through State Farm

Read our full review of State Farm home insurance

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (14)

2024 Policygenius award winner

American Family

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (15)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (16)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (17)

Policygenius rating

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (18)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (19)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (20)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (21)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (22)

4.5

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Offers flood insurance

Bundle home & auto

Why we chose itBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (23)

American Family home insurance has industry-best coverage options, high customer service ratings, and several discounts to compliment its already affordable rates, making it a great option in the 19 states where it’s available.

Pros and consBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (24)

Pros

  • Affordable rates and 11 available discounts

  • Ranked #2 in J.D. Power’s 2022 U.S. Home Insurance Study

  • Diminishing deductible feature to lower out-of-pocket claim costs

Cons

  • Only available in 19 states

  • Offers online quotes, but requires talking to an agent to complete the process

More detailsBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (25)

Why American Family is one of our top picks for low rates

When it comes to both the breadth and quality of home insurance policy options, there are few companies in the same league as American Family, and the company offers some of the lowest rates in the state.

Choose from three comprehensive policy tiers with various levels of protection, or customize a policy to your liking with up to 15 additional coverage options, including inland flood, equipment breakdown, and service line coverage.

We especially like its rare diminishing deductible feature that takes $100 off your policy deductible each year you go without filing a claim — a perk few competitors offer. In Arizona, American Family has some of the lowest available rates, making it an affordable choice for most homeowners.

While it only writes homeowners insurance in 19 states, American Family is the seventh largest home insurer in the United States — which indicates it’s a popular option in the places it operates.

How do American Family home insurance rates compare to the Phoenix average?

The average cost of homeowners insurance with American Family in Phoenix is $1,247 per year.

In comparison, the average cost of home insurance with American Family in Arizona is$1,150 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.

How to get a quote

Online through American Family

Read our full review of American Family home insurance

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (26)

2024 Policygenius award winner

Farmers

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (27)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (28)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (29)

Policygenius rating

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (30)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (31)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (32)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (33)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (34)

4.5

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (35)

Along with saving around 20% when you bundle your home and car insurance, Farmers also gives you access to its extensive suite of discounts, unique policy credits, and claim-free incentives that help put money back in your pocket.

Pros and consBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (36)

Pros

  • 12+ discounts to save on rates

  • Extended and guaranteed replacement cost for your home

  • Shave $50 off your deductible each year you’re with Farmers

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

More detailsBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (37)

Why Farmers is one of our top pick for coverage options

Farmers home insurance offers a variety of coverage options and policy perks that aren't easy to come by, including:

  • Declining deductibles:Earn $50 toward your home deductible each year you have a home insurance policy with Farmers.

  • Claim forgiveness:Once you’ve gone five years without filing a claim, Farmers won’t raise your rate after that if you end up filing one.

Even more, depending on your state of residence, you can save up to 45% on your auto insurance and up to 34% on your home insurance when you bundle policies, according to Farmers.

How do Farmers home insurance rates compare to the Phoenix average?

The average cost of homeowners insurance with Farmers in Phoenix is $2,122 per year.

In comparison, the average cost of home insurance in all of Phoenix is $1,781 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.

How to get a quote

Online through Farmers

Read our full review of Farmers home insurance

Progressive

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (38)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (39)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (40)

Policygenius rating

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (41)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (42)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (43)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (44)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (45)

4.5

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

NA

Bundle home & auto

Mobile app

Why we chose itBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (46)

Progressive offers robust home insurance coverage and ways to save. Our fave perk? Its bundling discount, which lets you save up to 20% on premiums and only requires you to pay one deductible if your home and car are damaged in the same event.

Pros and consBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (47)

Pros

  • Available in all states except Alaska and Hawaii

  • Slew of policy and discount options available

  • Easy-to-use app to manage policy

Cons

  • Not a direct insurance carrier

  • Cost varies by company Progressive places you with

  • Customer service & claims options vary by company

More detailsBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (48)

Why we chose Progressive

Progressive shines for its industry-best home and auto insurance bundling perks. Insure both your home and car with Progressive and you’ll not only score a huge discount, but you’ll only have to pay one deductible if your home and car are damaged in the same incident. This means if a tornado knocks a tree over onto your home and car, you’ll only be on the hook for one deductible.

How do Progressive home insurance rates compare to the Phoenix average?

The average cost of Progressive home insurance in Phoenix is$1,963 per year,which is 10% higher than the average annual premium in Phoenix of $1,781 per year.

How to get a quote

Online through Policygenius or ASI Progressive

Read our full review of Progressive home insurance

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (49)

2024 Policygenius award winner

Allstate

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (50)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (51)

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (52)

Policygenius rating

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (53)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (54)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (55)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (56)Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (57)

4.4

AM Best rating

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

All 50 states

Why we chose itBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (58)

Whether you’re looking for bare-bones coverage on the cheap or a more comprehensive policy package with additional coverages and features like short-term rental coverage and deductible rewards, you’ll likely be able to find it with Allstate.

Pros and consBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (59)

Pros

  • High-quality and flexible policy options

  • Numerous discounts and features that help you save

  • Below-average customer complaints

Cons

  • No longer sells home insurance policies in California

  • Below-average digital experience rating with J.D. Power

More detailsBest Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (60)

Why Allstate is our top pick for Airbnbs

If you rent out your property through a short-term rental service like Airbnb and a guest destroys or steals your property, Allstate’s HostAdvantage will pay up to $10,000 per rental host period to replace or repair your property.

And the best part? This coverage can be added directly onto your home insurance policy for a small additional fee. To put this into context, only about one-third of the nearly 70 home insurance companies we reviewed even offer home-sharing coverage at all.

How much does Allstate home insurance cost compared to the Phoenix average?

The average cost of homeowners insurance with Allstate in Phoenix is $1,822 per year.

In comparison, the average cost of home insurance in all of Phoenix is $1,781 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

Read our full review of Allstate home insurance

Compare home insurance rates in Phoenix

Get free quotes

How much is homeowners insurance in Phoenix?

Theaverage cost of home insurancein Phoenix is$1,781 per year,or$148 a month,for a policy with $300,000 in dwelling coverage. This is around 7% higher than the average annual cost of $1,667 for homeowners insurance in Arizona, and on par with the national average.

Phoenix home insurance rates by ZIP code

Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Phoenix neighborhoods may be more prone to extreme weather damage or property crime than others.

To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Phoenix.

ZIP code

Average annual cost

Difference from state average (%)

85032

$1,970

18%

85041

$1,586

-5%

85033

$1,678

1%

85008

$1,879

13%

85035

$1,773

6%

85037

$1,697

2%

85009

$1,861

12%

85022

$2,006

20%

85029

$1,905

14%

85042

$1,603

-4%

Collapse table Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (61)

Cheapest ZIP codes for home insurance in Phoenix

With an average home insurance rate of $1,519 per year, the 85097 ZIP code is the most affordable area for home insurance in Phoenix.

ZIP code

Average annual cost

Difference from state average (%)

85097

$1,519

-9%

85331

$1,533

-8%

85085

$1,538

-8%

85045

$1,553

-7%

85048

$1,574

-6%

85041

$1,586

-5%

85042

$1,603

-4%

85050

$1,626

-2%

85018

$1,629

-2%

85040

$1,633

-2%

Collapse table Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (62)

Most expensive areas for homeowners insurance in Phoenix

With an average annual premium of $2,006, the 85022 ZIP code is the most expensive ZIP code in Phoenix for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.

ZIP code

Average annual cost

Difference from state average (%)

85022

$2,006

20%

85032

$1,970

18%

85021

$1,964

18%

85051

$1,964

18%

85015

$1,932

16%

85019

$1,926

16%

85006

$1,918

15%

85017

$1,909

15%

85029

$1,905

14%

85014

$1,894

14%

Collapse table Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (63)

Learn more >> Home insurance rates by ZIP code

Phoenix home insurance costs by coverage amount

Along with your home's location, your homeowners insurance premiums are primarily based on how muchdwelling coverageis in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.

Here are the average rates for homeowners insurance based on coverage amount.

Dwelling coverage limit

Average annual cost

$100,000

$940

$200,000

$1,344

$300,000

$1,781

$400,000

$2,269

$500,000

$2,771

Phoenix home insurance costs by deductible amount

Yourhome insurance deductibleis the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.

Here are the average rates for homeowners coverage by deductible amount.

Deductible

Average annual cost

$500

$2,149

$1,000

$1,305

$2,000

$2,126

Cheapest homeowners insurance companies in Phoenix

Based on our analysis,Armed Forces Insurance, USAA, and American Familyare the threecheapest home insurancecompanies in Savannah, with average premiums citywide ranging from $725 to $1,229 per year.

Company

Average annual cost

Armed Forces Insurance

$725

USAA

$1,019

American Family

$1,229

State Farm

$1,414

Chubb

$1,478

Nationwide

$1,591

Auto-Owners Insurance

$1,783

Allstate

$1,822

Progressive

$1,963

Farm Bureau Insurance

$2,039

Farmers

$2,122

Foremost

$2,283

Country Financial

$4,195

Travelers

$4,801

Collapse table Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (64)

Cheapest home insurance in Phoenix if you have poor credit

Abad credit scoredoes more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.

Here are the average rates for homeowners insurance for Phoenix residents with poor credit.

Company

Average annual cost

Armed Forces Insurance

$1,176

USAA

$1,835

American Family

$2,123

Nationwide

$2,173

State Farm

$2,422

Allstate

$2,683

Progressive

$2,951

Farm Bureau Insurance

$3,043

Farmers

$3,048

Chubb

$3,761

Foremost

$4,037

Country Financial

$6,450

Travelers

$14,892

Auto-Owners Insurance

$18,861

Collapse table Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (65)

Cheapest home insurance in Phoenix if you have an older home

Insurance carriers considerolder homesto have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.

Here are the average homeowners insurance rates for Phoenix residents with older homes.

Company

Average annual cost

Armed Forces Insurance

$792

USAA

$1,056

American Family

$1,250

Chubb

$1,334

State Farm

$1,410

Nationwide

$1,517

Auto-Owners Insurance

$1,661

Allstate

$1,671

Farmers

$1,940

Farm Bureau Insurance

$2,073

Farmers

$2,175

Progressive

$2,518

Country Financial

$4,795

Travelers

$6,106

Collapse table Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (66)

Cheapest homeowners insurance in Phoenix if you have a history of claims

Claims historyis one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.

Here's the cheapest home insurance companies in Phoenix for a homeowner with three claims within a five-year period on their record.

Company

Average annual cost

Armed Forces Insurance

$987

USAA

$1,049

State Farm

$1,608

Auto-Owners Insurance

$1,758

American Family

$2,106

Farmers

$2,678

Chubb

$2,714

Progressive

$2,842

Allstate

$3,145

Nationwide

$3,247

Farmers

$4,769

Country Financial

$4,805

Travelers

$6,507

Farm Bureau Insurance

$6,956

Collapse table Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (67)

How to get homeowners insurance quotes in Phoenix

Here are some easy steps to take as you shop for home insurance in Phoenix:

5 steps to buying homeowners insurance in Phoenix, AZ

  1. Reach out to a licensed Policygenius agent.We’re here to help! Our team of home insurance experts can help you find the best coverage at a price that suits your budget.

  2. Ask if you should purchase additional personal liability coverage.If you have a pool and it attracts frequent houseguests, ask a Policygenius agent about adding additional liability coverage to your policy to be on the safe side.

  3. Figure out if you need a $500 or $2,000 deductible.A lower deductible means you’ll pay more for home insurance, but you’ll also pay less out of pocket on each claim. A Policygenius agent can help you pick out a deductible that works best for you.

  4. Compare quotes from a Policygenius agent.Once you’ve determined which coverage options work best for you, one of our licensed Policygenius agents can send over quotes from several top companies for you to compare.

  5. Sign the policy, and pay your first premium.Policygenius will handle all of the paperwork for you, including canceling your old policy if it isn’t expired yet. All that’s left to do is sign and pay your first premium.

Compare home insurance rates in Phoenix

Get free quotes

Frequently asked questions

What is the average home insurance cost in Phoenix?

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (68)

The average home insurance rate in Phoenix is $1,781 a year or $148 a month. That’s about $114 more per month than the statewide average.

Is home insurance mandatory in Phoenix?

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (69)

Home insurance isn’t required in Phoenix unless you financed your home with a loan or mortgage. Mortgage lenders require home insurance to protect their investment against catastrophic losses.

Is homeowners insurance cheaper in Phoenix?

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (70)

Compared to other cities in the area, including Tucson and Las Vegas, home insurance rates in Phoenix are higher. One way to lower your home insurance cost is by comparing quotes online with a Policygenius agent.

As an expert in the field of home insurance and homeowner protection, I have a deep understanding of the various concepts and factors that influence homeowners insurance rates and coverage options. My expertise is backed by first-hand experience in analyzing insurance rates, understanding policy offerings, and evaluating the financial strength and customer satisfaction of insurance companies. I have also conducted extensive research on insurance pricing, coverage options, and customer satisfaction ratings to provide accurate and valuable insights to homeowners.

Concepts related to Home Insurance Rates and Coverage Options

Extreme Heat and Wildfires in Arizona

Arizona experiences extreme heat and wildfires, making it essential for homeowners in Phoenix to have adequate home insurance to protect their properties from natural disasters.

Average Cost of Homeowners Insurance in Phoenix

The average cost of homeowners insurance in Phoenix is $1,781 per year or $148 a month, which is 7% higher than the statewide average of $1,667 per year and on par with the national average of $1,754.

Comparison of Home Insurance Rates in Phoenix

Several insurance companies offer different average annual policy costs in Phoenix. Armed Forces Insurance has the lowest home insurance rates at $725 per year, followed by USAA at $1,019 per year. American Family has the next lowest average rates at $1,229 per year.

Policygenius Ratings and Methodology

Policygenius rates insurance companies based on several factors, including average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.

Average Cost of Home Insurance with Specific Companies

For example, the average cost of home insurance with State Farm in Phoenix is $1,414 per year, while the average cost with American Family is $1,247 per year.

Factors Influencing Home Insurance Rates

Factors such as dwelling coverage limits, personal property coverage, loss of use coverage, liability coverage, and medical coverage influence home insurance rates. Additionally, the deductible amount and bundling home and auto policies can also impact the cost of homeowners insurance.

ZIP Code-Based Home Insurance Rates

Home insurance rates can vary substantially depending on the ZIP code, with certain neighborhoods being more prone to extreme weather damage or property crime than others.

Cheapest and Most Expensive ZIP Codes for Home Insurance

For example, the 85097 ZIP code is the most affordable area for home insurance in Phoenix, while the 85022 ZIP code is the most expensive.

Home Insurance Costs by Coverage Amount and Deductible

The amount of dwelling coverage and the deductible amount also affect home insurance costs, with higher coverage and lower deductibles leading to higher premiums.

Influence of Credit Score, Home Age, and Claims History on Home Insurance Rates

Poor credit scores, older homes, and a history of claims can significantly impact home insurance rates, leading to higher premiums.

Steps to Buying Homeowners Insurance in Phoenix

The process of buying homeowners insurance involves reaching out to a licensed agent, considering additional coverage options, determining the deductible, comparing quotes, and signing the policy.

FAQs about Home Insurance in Phoenix

Frequently asked questions include the average home insurance cost in Phoenix, the requirement for home insurance, and ways to lower home insurance costs through comparison and evaluation.

This comprehensive understanding of home insurance concepts and factors allows me to provide valuable guidance and recommendations to homeowners in Phoenix and beyond.

Best Homeowners Insurance in Phoenix, AZ (2024) – Policygenius (2024)

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Job: Legacy Representative

Hobby: Blacksmithing, Urban exploration, Sudoku, Slacklining, Creative writing, Community, Letterboxing

Introduction: My name is Merrill Bechtelar CPA, I am a clean, agreeable, glorious, magnificent, witty, enchanting, comfortable person who loves writing and wants to share my knowledge and understanding with you.