Home Home insurance Average home insurance cost New York Phoenix, NY How much is homeowners insurance in Phoenix, NY Homeowners insurance typically costs $1,387 annually in Phoenix, according to Insure.com’s rate analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite 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. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: March 24, 2025 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. As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Phoenix is $1,387 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,117 less than the national average of $2,504.Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Phoenix depend on several factors, including:Size of your home Age of your home Amount of coverage you need Location Your credit score American Family is the cheapest homeowners insurance company in Phoenix with an average annual premium of $763 per year. This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Phoenix. Keep reading to learn about the monthly cost of homeowners insurance in Phoenix, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Phoenix. Key Takeaways The average cost of homeowners insurance in Phoenix is $1,387 per year.American Family is the cheapest homeowners insurance company in Phoenix with an average annual premium of $763.If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $354 more a year for home insurance. How much is homeowners insurance in Phoenix per month Residents of Phoenix pay an average of $116 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $32 less than the state average of $148 and $93 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Phoenix may change based on location, property value, and selected coverage options. How much is homeowners insurance for a $200,000 house in Phoenix Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $1,033 per year in Phoenix, NY. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums. It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurancecoverage. How much is homeowners insurance for a $300,000 house in Phoenix Based on a rate analysis conducted by Insure.com, Phoenix residents pay an average of $1,387 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $354 per year for home insurance. Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area. How much is homeowners insurance in Phoenix by company Among the carriers analyzed, American Family is the cheapest homeowners insurance company in Phoenix. It’s average annual rate for Phoenix homeowners is $763, while NYCM Insurance ranks second. Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Phoenix and prepared a list of the cheapest home insurance providers. You can find below the Phoenix home insurance companies and their average annual premium. Home insurance company Annual rate American Family$763NYCM Insurance$1,028Travelers$1,132AIG$1,193State Farm$1,209Nationwide$1,292Chubb Ltd$1,315Heritage Insurance Holdings$1,401Allstate$1,440Farmers$2,371 TIPBundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company. Common natural disasters in New York that may affect home insuranceLiving in New York comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in insurance claims. Understanding which natural disasters are most prevalent in your area is key to choosing the right home insurance policy.Ice storm is the most common natural disasters in New York that could impact your home insurance rates.How home insurance protects you against natural disastersHome insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are often excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.Home insurance helps pay for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.Methodology Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Phoenix for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment. How much is home insurance in other citiesAppletonAtlantaBloomingtonDenverHamiltonMemphisNew YorkPhiladelphiaStaffordShivani GiteContributing 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. In case you missed it What is condo (HO-6) insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2025 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2025 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2025 How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates How much does dog liability insurance cost and do you need it? Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles Renters insurance calculator: How much renters insurance costs by state and city in 2025 By Shivani Gite Cost of living calculator By Nupur Gambhir Mobile home insurance cost and coverage in 2025 By Chris Kissell Best renters insurance companies in 2025 By Shivani Gite How to prevent tornado damage By Ashlee Tilford Does homeowners insurance cover code upgrades? By Nupur Gambhir On this page How much is homeowners insurance in Phoenix per month How much is homeowners insurance for a $200,000 house in Phoenix How much is homeowners insurance for a $300,000 house in Phoenix How much is homeowners insurance in Phoenix by companyCommon natural disasters in New York that may affect home insuranceHow home insurance protects you against natural disastersMethodology ZIP Code Please enter valid ZIP See rates