Find the Best Homeowners Insurance in Phoenix, AZ

How to choose homeowners insurance in Phoenix

In Phoenix, annual home insurance rates vary based on location and the amount of dwelling coverage. Homes in more suburban areas, like Chandler (85225) and Ahwatukee (85044), have lower insurance rates because the homes are newer than those in central Phoenix (85003). Crime rates, including burglary, tend to be lower in suburban areas as well.

Average home insurance rates in Phoenix

Note: Based on dwelling coverage above with a constant $1,000 deductible and $100,000 liability.

The averages in this chart put Phoenix below the national average cost of home insurance by almost 30 percent. In fact, Arizona is ranked as the eighth lowest state for home insurance costs. The oldest Phoenix homes only date back to the 1920s to 1940s, and suburban areas have many homes built in the 1980s or later, making insurance costs more affordable in Phoenix.

Homeowners in Arizona are not required to purchase home insurance, although most mortgage companies will require home insurance as a condition of the mortgage loan.

Many homeowners insurance companies offer discounts. Homeowners can often bundle home insurance with vehicle insurance to save on the total cost. Progressive and State Farm offer discounts for home security alarms while Allstate gives discounts to retirees.

Flood and liability homeowners insurance options in Phoenix

It's important to understand what is covered and not covered by home insurance. Arizona is susceptible to sudden rain, high-speed winds and dust storms in the summer months (called Monsoon season) that can damage homes. This sort of natural disaster damage is typically covered by home insurance.

However, once storm waters hit the ground, they are considered flood waters and not usually covered by Phoenix homeowners insurance. Similarly, if damage occurs to your swimming pool, home insurance won't usually cover that. To avoid liability from injuries to family or guests on your property, such as in the pool, make sure to add enough liability coverage to your homeowners insurance policy.