Average homeowners insurance cost in Arizona

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Arizona homeowners insurance costs $2,468 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Arizona.

Key Takeaways

Homeowners insurance costs an average of $2,468 a year, based on Insure.com 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

The average cost of homeowners insurance in Arizona is $2,468 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $3,038 per year for homeowners insurance in Arizona for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Arizona for dwelling coverage 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

Homeowners insurance companies in Arizona decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no 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 wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Arizona using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Arizona. Based on the analysis, American Family received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher 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 has the cheapest homeowners insurance rates in Arizona. Its average annual cost for Arizona homeowners is $1,573. American Family and Nationwide also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Arizona with $300,000 in dwelling coverage, $100,000 in liability coverage, 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

Insurance companies in Arizona assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Arizona. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

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

In Arizona, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 85931 ZIP pay the highest insurance rates in Arizona, with an average annual premium of $3,911.

Below is a list of 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.