Find the Best Homeowners Insurance Rates and Companies in Arizona
The median home price in Arizona is nearly $400,000. If you own a home in Arizona, chances are your home is your most important asset. You’ll want to protect it from threats like fire, theft, vandalism, and severe weather. What’s more, you’ll want to protect your assets from the costs of lawsuits if you are sued for something that happens on your property. You can do this with homeowners insurance in Arizona.
An independent insurance agent can help you find the best home insurance in Arizona. Independent agents can help you get quotes from multiple insurance companies so that you can make the best choice for your needs and budget.
Best Homeowners Insurance Companies in Arizona
Several insurance companies in Arizona offer home, car, and business insurance. The following are some of the best homeowners insurance companies in Arizona. They are highly rated for their mix of valuable coverage offerings and competitive pricing.
- Travelers offers highly-rated homeowners insurance in Arizona. It can meet your additional personal insurance needs with a full line of products including auto, boat, identity theft, umbrella, and other coverages.
- Progressive is based in Ohio but offers homeowners insurance across all 50 states, including Arizona. Arizona residents can look to Progressive for most of their personal insurance needs.
- West Bend
- West Bend is a relationship-based company with core values that emphasize excellence, integrity, and responsibility. The company offers highly-rated homeowners insurance and other personal insurance in Arizona.
- Nationwide provides homeowners insurance and other popular types of insurance coverage in Arizona. The company is headquartered in Columbus, OH, and is represented by independent insurance agents in 50 states, including Arizona.
- Safeco has been protecting individuals and families since 1923. The company offers homeowners insurance in Arizona, as well as a comprehensive range of other personal insurance policies. Working through independent agents, Safeco makes it easy to get the best mix of coverage and pricing.
An independent insurance agent in your area can help you learn more about these and other AZ homeowners insurance companies. A local agent can help you get competitive quotes for the coverage that fits your Arizona insurance needs.
What Homeowners Insurance in Arizona Can Cover
Having homeowners insurance in Arizona is the smart way to protect yourself from the worst things that can happen.
In Arizona, you face potential threats to your property all the time, including a variety of natural disasters. There have been 98 disasters declared in Arizona since 1953. If you live in Arizona, the most common disasters that threaten your home are:
- Wildfires and residential fires
- Flooding and water damage
- Severe storms and lightning
- Burglary and other property crimes
- Hurricanes and tropical storms
These and many other day-to-day events can damage your home or personal property. What’s more, if you own a dog or have a swimming pool, which is common in Arizona, you face an increased risk of lawsuits. But with homeowners insurance in Arizona, you’ll be prepared to tackle a lawsuit without losing everything.
Homeowners insurance in Arizona covers a wide range of perils that could potentially damage your home, your belongings, or certain other structures on your property. Technically, if you don’t have a mortgage, you can go without homeowners insurance in Arizona. But that is not a great idea. If something happens to your home, like a fire, a tornado, a burst pipe, or a burglary, you’d have to pay for repairs and for replacing lost or damaged belongings on your own.
A homeowners insurance policy typically categorizes coverage and coverage limits as follows. If you don’t have homeowners insurance, you put all of this at risk:
- Dwelling coverage: Covers your house and attached structures. It also covers items like plumbing, heating, permanently installed air-conditioning systems, and electrical wiring.
- Other structures coverage: Protects other structures on the property such as detached garages, tool sheds, retaining walls, and so on.
- Personal property coverage: Protects the contents of your home and other personal belongings owned by you or family members who live with you.
- Loss of use coverage: Helps you with additional living expenses if your home is damaged by a covered peril (e.g., a fire) and you cannot live in your home while repairs are being made. It typically covers expenses like housing, meals, storage, and more, as long as they are in line with your usual living expenses.
- Personal liability coverage: Provides coverage if you or a resident of your household is responsible for causing property damage or an injury to someone else.
You can also customize your policy to cover other risks. You can add coverage for identity theft, sewer, and water backup, scheduled personal property, business property, and more.
A local independent insurance agent can help you find homeowners insurance in Arizona.
What Homeowners Insurance in Arizona Will Not Cover
Homeowners insurance in Arizona does not cover everything that can go wrong with your home or on your property.
First, the liability coverage in your homeowners insurance policy has certain limitations. If you hurt someone because of an intentional act, your liability coverage will not cover you. You can find all the exclusions to your liability coverage in your policy documents.
Moreover, your property coverage will not cover every type of property damage you might encounter. Almost all homeowners insurance policies in AZ exclude coverage for property damage caused by the following:
- Ordinance or law (e.g., demolition or construction required to bring your house up to code)
- Earth movement (e.g., earthquakes, sinkholes, landslides)
- Water damage due to floods, sewer backups, and water that seeps through the foundation
- Power failure
- Nuclear hazard
- Intentional acts
- Governmental action (e.g., destruction, confiscation, or seizure of covered property by any governmental or public authority)
- Loss to property resulting from faulty zoning, bad repair or workmanship, faulty construction materials, and defective maintenance
To avoid any surprises down the road, be sure to understand what your home insurance in Arizona does and does not cover when you decide to purchase a policy.
Flood Damage in Arizona
Flooding can be a significant concern for many homeowners, but homeowners insurance in Arizona does not cover flood damage.
Flooding can be a problem in some areas of Arizona. In fact, it is one of the top five risks for homeowners in the state. Some areas of the state will have a higher likelihood of flooding than others.
It’s important to discuss your need for supplemental flood insurance with your independent insurance agent.
If necessary, your agent can help you purchase flood insurance from the National Flood Insurance Program (NFIP), a program established by the federal government to help homeowners recover after a flood event.
Average Cost of Homeowners Insurance in Arizona
Arizona is the 46th most expensive state for homeowners insurance in the US. The average home insurance cost in Arizona is less than the national average.
- National average annual homeowners insurance premium: $1,211
- Arizona average annual homeowners insurance premium: $825
Your home insurance rates in Arizona may be higher or lower than average, depending on your home’s unique characteristics (size, location, age, value, etc.) and other risk factors (crime rate, severe weather risk) in your neighborhood.
Expect to pay more if your property's location has more weather or disaster hazards than most. You will also pay more if your home costs more to repair or rebuild than others, or if you live in a high-crime ZIP Code.
A local independent insurance agent can help you get home insurance quotes in Arizona.