Home Home insurance Condo insurance Best condo insurance Best condo insurance companies in Arizona Best condo insurance companies in Arizona Based on our analysis, the best condo insurance company in Arizona is State Farm. However, there are a lot of things to consider when choosing an insurance company, including your budget and coverage needs. View Carriers Please enter valid zip Compare top carriers in your area Written by Chris Kissell Chris Kissell Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more. Reviewed by Leslie Kasperowicz Leslie Kasperowicz Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at Insurance.com. Expert insight from David Wojtusik David Wojtusik Vice president and director, private client and professional athlete group at the Insurance Office of America.Go to comment Posted on: July 29, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. State Farm is the best insurance company in Arizona for condo insurance, earning a top score of 5 in the Insure.com analysis of rates and third-party ratings. This insurer charges an average of $509 per year, or $42 a month.The cheapest condo insurance company in Arizona, on average, is State Farm. Of course, State Farm might not be the best insurance company for you. To find the right policy at the best price, it is important to shop around and compare quotes from a number of providers.In addition, you want to choose an insurance company that has a strong reputation and that is financially stable. Key Takeaways Our analysis found State Farm to be the best choice overall for condo insurance in Arizona.State Farm has the cheapest average condo insurance rates in Arizona.Shop around and compare companies to find the best condo insurance company for your needs. Compare the best condo insurance companies in ArizonaHere is a list of the best insurance companies in Arizona based on Insure.com’s analysis of rates and third-party ratings from AM Best and the National Association of Insurance Commissioners (NAIC).Company Annual premiumAM Best ratingNAIC ratingInsure.com ratingState Farm$509A++0.955.00Allstate$847A+0.904.80Nationwide$773A+0.874.39Farmers$1,004A0.543.23American Family$984A0.372.85Travelers$1,565A++0.542.67How much does condo insurance cost in Arizona?The average cost of condo insurance in Arizona is $892.However, that is just an average. How much you pay will depend on the insurance company you choose, your own insurance needs and other factors, including where you live and where your condo is located.It is also important to avoid skimping on insurance just to save money. Talk to someone in your condo unit owners association so you understand exactly what the condo’s master policy covers and what you are responsible for insuring, says David Wojtusik, vice president and director, private client and professional athlete group at the Insurance Office of America.“[Talking to the association] is a critical step in the process of securing insurance that most unit owners overlook,” Wojtusik says. “Without it, they may end up heavily underinsured and at risk of losing money in the event of a loss.”Most affordable condo insurance companies in ArizonaThe price of condo insurance varies from company to company. On average, here are the insurers that offer the most affordable coverage in Arizona.CompanyAverage annual premium Average six months premiumAverage monthly premiumAllstate$847$424$71American Family$984$492$82Farmers$1,004$502$84Nationwide$773$387$64State Farm$509$254$42Travelers$1,565$782$130USAA$840$420$70Average cost of condo insurance in Arizona by cityThe city in which you live also impacts the price of condo insurance. Here is the average price for condo insurance in some of the largest cities in Arizona.CityAverage annual premium Average six months premium Average monthly premium Chandler$936$468$78Gilbert$880$440$73Glendale$884$442$74Mesa$956$478$80Peoria$838$419$70Phoenix$1,058$529$88Scottsdale$1,015$507$85Surprise$798$399$66Tempe$992$496$83Tucson$841$421$70Average cost of condo insurance in Arizona by coverage levelThe level of coverage you choose will help determine how much you will pay for condo insurance in Arizona. Here is how much you can expect to pay depending on the amount of coverage you choose:Building property limit Annual premium$40,000$790$60,000$892$80,000$984$1,00,000$1,071How to get the best cheap condo insurance in ArizonaShopping around for the right policy is the best way to get cheap condo insurance. Compare quotes from several providers to get the best deal.Also, ask insurance companies about discounts they offer and whether you are eligible for them. Wojtusik says to tell the insurance agent about any protective features your unit has, such as central-station fire and burglar alarms, water shut-off systems, and fire protective devices.Any or all of these features might help you get a discount on your coverage.“Be sure to ask the condominium association or management company for a copy of the latest wind mitigation inspection, and provide this to the agent as well,” he says.Wojtusik also recommends raising your deductible if you can afford to do so. This can lower your premium costs.The bottom line: Best Arizona condo insurance providers in 2024Although State Farm earned the highest rating for condo insurance in Arizona, the best insurance company for you is the one that provides the coverage you need at the best possible price.So, shop around and compare quotes from a number of providers to make sure you get the best possible deal.MethodologyInsure.com commissioned condo insurance rates from Quadrant Data Services for all 50 states and Washington. D.C. with coverage levels of $40,000, $60,000, $80,000 and $100,000 for personal property, $300,000 for liability and a $1,000 deductible. Rates were fielded across 34,588 ZIP codes from 145 companies.To rank companies, we considered average annual rates at a coverage level of $60,000 for personal property (35% of score) as well as AM Best ratings for financial stability (30% of score) and NAIC ratings for customer complaints (35% of score).What our expert says Q: What should you know before buying condo insurance? David WojtusikVice president and director, private client and professional athlete group at the Insurance Office of America. "Talking to the association is a critical step in the process of securing insurance that most unit owners overlook. Without it, they may end up heavily underinsured and at risk of losing money in the event of a loss." Best condo insurance in other statesAlabama$655/YearAlaska$930/YearArkansas$801/YearCalifornia$767/YearColorado$883/YearConnecticut$646/YearDelaware$407/YearFlorida$962/YearGeorgia$872/YearHawaii$413/YearIdaho$499/YearIllinois$614/YearIndiana$590/YearIowa$435/YearKansas$482/YearKentucky$476/YearLouisiana$1,093/YearMaine$362/YearMaryland$642/YearMassachusetts$669/YearMichigan$651/YearMinnesota$423/YearMississippi$765/YearMissouri$485/YearMontana$486/YearNebraska$542/YearNevada$620/YearNew Hampshire$502/YearNew Jersey$484/YearNew Mexico$408/YearNew York$656/YearNorth Carolina$882/YearNorth Dakota$373/YearOhio$573/YearOklahoma$1,071/YearOregon$633/YearPennsylvania$657/YearRhode Island$581/YearSouth Carolina$569/YearSouth Dakota$389/YearTennessee$616/YearTexas$1,007/YearUtah$668/YearVermont$289/YearVirginia$548/YearWashington$616/YearWashington, D.C.$503/YearWest Virginia$373/YearWisconsin$527/YearWyoming$272/YearShow moreChris KissellContributing Researcher  . .Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more. 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