Average homeowners insurance cost in Arizona

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Arizona costs an average of $2,468 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Arizona by insurance company and ZIP code.

Key Takeaways

Homeowners insurance costs an average of $2,468 a year, based on our analysis.
Of all the ZIP codes in Arizona, 85349 has the most affordable home insurance rates at around $1,922 annually.
In Arizona, State Farm provides the most affordable home insurance at an average annual premium of $1,573.

Average home insurance cost in Arizona by coverage level

In Arizona, the annual homeowners insurance cost is $2,468, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $3,038 in Arizona, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Arizona based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,887	$157
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,906	$159
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,468	$206
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,490	$208
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,038	$253
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,063	$255
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$4,461	$372
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$4,494	$375
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$6,900	$575
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$6,944	$579

In Arizona, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Arizona

It’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in Arizona by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, American Family received the lowest NAIC score and an AM Best rating of A. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
American Family	$1,757	A	0.37	5
Travelers	$5,940	A++	0.54	4.83
Farmers	$3,178	A	0.54	4.2
Nationwide	$1,826	A+	0.87	3.95
State Farm	$1,573	A++	0.95	3.93
Allstate	$2,468	A+	0.9	3.7

Average homeowners insurance cost by company in Arizona

State Farm provides the most affordable homeowners insurance in Arizona, with an average annual premium of $1,573. American Family and Nationwide also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Arizona with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
State Farm	$1,573	$131
American Family	$1,757	$146
Nationwide	$1,826	$152
Allstate	$2,468	$206
Farmers	$3,178	$265
Travelers	$7,191	$599
USAA*	$1,942	$162

*USAA is only available to military community members and their families.

Arizona homeowners insurance rates by ZIP code

In Arizona, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Arizona. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Arizona

Homeowners insurance costs in Arizona can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 85349 area has the most affordable insurance rates, at $1,922 annually or $160 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Arizona.

ZIP code	Average annual rate	Average monthly rate
85349	$1,922	$160
85350	$1,935	$161
85364	$1,949	$162
85367	$1,983	$165
85365	$2,019	$168
85356	$2,035	$170
85614	$2,047	$171
85622	$2,062	$172
85328	$2,101	$175
85325	$2,103	$175

Most expensive ZIP codes for home insurance rates in Arizona

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Arizona, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Arizona, 85931 has the highest homeowners insurance rates, at $3,911 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Arizona for homeowners insurance:

ZIP code	Average annual rate	Average monthly rate
85931	$3,911	$326
86018	$3,689	$307
86017	$3,622	$302
85927	$3,520	$293
86016	$3,482	$290
85073	$3,417	$285
85923	$3,351	$279
85190	$3,350	$279
85930	$3,330	$277
85911	$3,285	$274

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Arizona by city

See rates in your city

Home insurance rate trend in Arizona

We analyzed home insurance rate trends in Arizona and found that homeowners insurance rates experienced an overall increase of 27% or $521, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,761	$1,947	$2,468

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Arizona.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.