Best and Cheapest Renters Insurance in Scottsdale, AZ (2024)

The best and cheapest renters insurance company in Scottsdale, Arizona is Auto-Owners, with a MoneyGeek score of 88 and an annual premium of $114. Depending on your needs, other providers may be best, such as Travelers for service quality with an annual premium of $257.
MoneyGeek also looked into the best and cheapest renters insurance in Arizona for those who live elsewhere in the state.

The best renters insurance in Scottsdale, Arizona, is Auto-Owners, with a MoneyGeek score of 88 out of 100 and an annual premium of $114. The following providers are the top two best renters insurance providers in Scottsdale for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• Auto-Owners: MoneyGeek score of 88 out of 100 ($114 per year)
• American Family: MoneyGeek score of 87 out of 100 ($152 per year)

The best provider in the state balances both cost and affordability. Auto-Owners Insurance has perfectly balanced customer satisfaction and affordability with an affordability score of 55 out of 55.

Auto-Owners offers the cheapest renters insurance in Scottsdale, Arizona, at $114 per year for $20,000 in personal property coverage. The following providers are the top two cheapest providers in Scottsdale for $20,000 in personal property coverage and a $1,000 deductible, rated with minimal consideration for customer service by MoneyGeek:

• Auto-Owners: $114 per year
• Allstate: $119 per year

Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings. Personal property coverage protects your belongings such as furniture, electronics, and clothing from damages or theft.

In Scottsdale, Arizona, Auto-Owners offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $112. The following providers are the top two cheapest providers in Scottsdale for $20,000 in personal property coverage and a $2,000 deductible:

• Auto-Owners: $112 per year
• Allstate: $119 per year

A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It’s important to balance both to ensure you’re adequately covered if you need to file a claim. Renters should consider their financial situation and risk tolerance when choosing a deductible.

In Scottsdale, Arizona, Travelers is the best renters insurance company for service quality, with an annual premium of $257. The following providers are the top two best providers in Scottsdale, Arizona, for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

• Travelers: MoneyGeek score of 85 out of 100 ($257 per year)
• Nationwide: MoneyGeek score of 84 out of 100 ($151 per year)

Great customer service is important for renters looking for insurance because it ensures a smooth and stress-free experience when making claims. For example, when you file a claim, a provider with excellent customer service will handle your case efficiently and keep you informed throughout the process.

American Family offers the best renters insurance for those in Scottsdale, Arizona needing high personal property coverage, with an annual premium of $222 for $100,000 coverage. High personal property coverage means a higher limit to protect your belongings. For $100K in personal property coverage, the top two providers in Scottsdale are:

• American Family: MoneyGeek score of 92 out of 100 ($222 per year)
• Nationwide: MoneyGeek score of 89 out of 100 ($302 per year)

Renters with numerous possessions often require higher personal property coverage, which is designed to cover the cost of your belongings in case they're lost or damaged. As coverage increases, so does the cost. High-value items like jewelry or art might not be fully covered under standard policies and may necessitate additional coverage.

USAA is the top-ranked renters insurance company in Scottsdale, exclusively serving those with military backgrounds. The following providers are the top two best providers in Scottsdale for veterans for a policy with $20,000 in personal property coverage.

• USAA: MoneyGeek score of 100 out of 100 ($113 per year)
• Auto-Owners Insurance: MoneyGeek score of 88 out of 100 ($114 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. It is also the cheapest provider in Scottsdale for military members, making it a valuable option to consider.

The best renters insurance company for those with poor credit in Scottsdale is Nationwide, with an annual premium of $239 for a policy with $20,000 in personal property coverage. The following providers are the top two best providers in Scottsdale for those with poor credit for the same type of policy:

• Nationwide: MoneyGeek score of 91 out of 100 ($239 per year)
• American Family: MoneyGeek score of 91 out of 100 ($267 per year)

Rates in Scottsdale for those with poor credit are typically higher because these individuals are considered higher-risk by providers. Renters with poor credit can work on improving their credit scores to lower their rates and should look for discounts that may help reduce their premiums.

The average cost of renters insurance in Scottsdale, Arizona is $195 annually, which is about $16 monthly. This matches the state average but is higher than the national average of $145. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Scottsdale may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of damage or theft. Use the calculator below to see how prices change based on the value of your personal property.

Various factors can influence the cost of renters insurance in Scottsdale, Arizona. For instance, your location and the amount of coverage you choose can significantly affect your premiums. Understanding these factors is crucial when selecting a policy, as it helps you make informed decisions and find the best coverage for your needs. Below are some key factors that impact renters insurance costs:

• Location: Areas with higher crime rates or natural disaster risks typically have higher insurance premiums. Insurers charge more to cover the increased risk of theft or damage.
• Coverage Amount: Higher coverage limits generally result in higher premiums. More coverage means the insurer is taking on more risk.
• Deductible: A higher deductible can lower your monthly premiums. However, this means you'll pay more out-of-pocket in the event of a claim.
• Credit Score: Insurers may use your credit score to determine your premium. A higher credit score often results in lower insurance costs.
• Claims History: A history of frequent claims can lead to higher premiums. Insurers view frequent claims as a higher risk, which they compensate for with higher costs.

Renters insurance covers personal property, liability, and additional living expenses. It protects against theft, fire, and certain natural disasters. Purchasing renters insurance is important for financial protection and peace of mind. It ensures you are covered in case of unexpected events, safeguarding your belongings and your finances. Let's break down what renters insurance covers:

• Personal Property Coverage: This covers your belongings in case of theft, fire, or other perils. For example, if your apartment in Arizona is burglarized, your renters insurance can help replace stolen items.
• Personal Liability Coverage: This protects you if someone is injured in your rental or if you accidentally damage someone else's property. For instance, if a guest slips and falls in your Arizona apartment, this coverage can help with medical expenses and legal fees.
• Loss Of Use Coverage: This helps with additional living expenses if your rental becomes uninhabitable due to a covered event. If a fire makes your Arizona apartment unlivable, loss of use coverage can pay for hotel stays and other extra costs.

Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.

• Natural Disasters: Standard renters insurance often does not cover damage from earthquakes or floods.
• Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
• High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
• Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
• Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
• Car Theft: While personal property stolen from your car may be covered, the theft of the car itself is not.

The best renters insurance provider for you in Scottsdale ultimately depends on your needs and circumstances.
Below, we address some frequently asked questions to help you make an informed decision.