Average Cost of Homeowners Insurance in Arizona (2024)

The average cost of homeowners insurance in Arizona in 2024 is $1,991. This rate falls $432 below the national average of $2,423.

Aside from the amount of coverage you get on your home, credit rating has the largest impact on premiums of the factors that were analyzed. In Arizona, the difference in premiums due to credit rating can reach $8,175 on average.

If your rates have recently increased, we've also analyzed the cheapest policies in Arizona. The insurance provider you choose can also influence your premium costs.

In Arizona, the average homeowners insurance premium is $1,991 for policies with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage. This amount is less than the national average of $2,423.

When choosing how much coverage you need, consider the full cost to rebuild your home and replace personal property. A policy offering $100K in dwelling coverage averages an annual premium of $1,214. If your property is larger and requires $500K in dwelling coverage, the annual premium increases to $3,206. Coverage amounts are directly tied to the value of the property insured.

Homeowners in Arizona can expect insurance premiums to vary significantly across providers for comparable coverage. While one insurer may offer a policy at a lower rate, another might quote a substantially higher premium for the same level of protection.

For those shopping around, there are plenty of great providers in Arizona. Differences in underwriting, such as how a company evaluates risk, can influence the cost of your homeowners insurance policy.

Homeowners with poor credit in Arizona pay an average annual premium of $9,384 for homeowners insurance, which is $7,393 more than the state average of $1,991. Conversely, those with excellent credit pay $1,209 annually, saving $782 below the state average. Credit scores directly influence insurance rates, reflecting the insurer's assessment of risk associated with extending coverage.

While immediate improvement of credit scores isn't always feasible, gradual steps can lead to lower insurance costs over time. In the interim, homeowners can explore options to find more affordable rates. Comparing insurers can reveal significant savings, and it takes less than 15 minutes to discover which provider will save you the most.

The material of your roof can influence your homeowners insurance premium in Arizona. Tile roofs, known for their durability, may result in lower premiums. On average, homes with tile roofing could see premiums around $1,894, a slight savings compared to homes with shake-treated roofs, which can average $2,112.

Similarly, the construction material of your home can affect insurance costs. Superior construction materials, which are more resistant to certain perils like fire, can lead to lower insurance rates. For instance, homes built with superior construction materials might have an average premium of $1,930, while standard frame construction homes could see an average rate of $1,991.

Use the table below to see how premiums change based on your home's materials.

Insuring a newly constructed home in Arizona generally costs less than an existing one due to modern materials and adherence to current building standards. The average annual premium for new homes is $929, which is $1,062 below the average for older homes. The table below displays the premium differences for varying coverage levels.

In Arizona, homeowners who have not filed a claim in over five years can expect to pay an average annual premium of $1,991 for their insurance. However, those with one claim within the past five years typically see their premiums rise to an average of $2,323, while two claims in the same period may push the average cost up to $2,434 annually. This represents an increase of $332 and $443, respectively, from the baseline average premium for claim-free homeowners.

For the cities we analyzed, we found premiums range from $1,743 to $2,143 annually. In Phoenix, homeowners pay around $2,143, while Surprise residents pay about $1,743. Location impacts premiums due to varying risks like crime and weather. City-based premium differences can be significant but are just one of many factors affecting rates.

Shopping for home insurance in Arizona doesn't have to be overwhelming. In fact, with the right approach, snagging a sweet deal on your policy is well within reach. Think of it as a treasure hunt, where you're just a few savvy moves away from uncovering a gem that protects your home without breaking the bank. Here's how to find the best deal for you.

In Arizona, homeowners can unlock savings by bundling their home and auto insurance policies. Our analysis at MoneyGeek shows that the average percent savings from such a multi-policy bundle is approximately 11%. Specifically, Arizona residents might see savings ranging from $127 to $426 on the combined cost of their auto and home insurance premiums. For a detailed look at the best and most affordable home and auto insurance bundles in Arizona, explore MoneyGeek's Best and Cheapest Home and Auto Bundle Companies in Arizona analysis.

In Arizona, homeowners insurance discounts are readily available. Here are three to consider:

• Protective Devices: Installing smoke detectors, burglar alarms or other security systems.
• Impact-Resistant Roof: If your home has a roof designed to withstand severe weather.
• Claims-Free History: Lower rates for homeowners without recent insurance claims.

To explore more about how these discounts can lower your premiums, visit our in-depth guide on how to save with discounts. Remember, you can unlock potential savings when you inquire about available discounts when requesting a quote.

For those navigating the world of homeowners insurance in Arizona, a wealth of resources is available to help you make informed decisions. Whether you're looking for official regulations, cost-effective options or specific coverage details, these resources can provide clarity and assistance:

• Arizona Department of Insurance: Official state resource for insurance regulations.
• Affordable Home Insurance in Arizona: Find cost-effective options for your home.
• Arizona Homeowners Insurance Calculator: Estimate your potential insurance costs.
• High-Risk Home Insurance Coverage: Understand insurance for homes in high-risk areas.
• Top Home Insurance Options in Arizona: Compare the best insurance providers.
• Personal Property Coverage Essentials: Guide to personal property insurance needs.
• Report Insurance Fraud: Online system for reporting insurance fraud.