Gilbert ,AZ Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Gilbert, AZ homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Gilbert, AZ is $1716. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Gilbert, AZ. VHome Insurance will help you navigate the world of homeowners insurance coverages in Gilbert, AZ.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $686 |
| $200,000 | $1,167 |
| $300,000 | $1,441 |
| $400,000 | $2,196 |
| $500,000 | $2,763 |
Home insurance costs in Gilbert can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 085234 | $1,631 |
| 85233 | $1,607 |
| 85296 | $1,623 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Gilbert, AZ, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,759 |
| $1000 Deductible | $1,574 |
| $1500 Deductible | $1,484 |
| $2500 Deductible | $1,338 |
| $5000 Deductible | $1,133 |
| Home Insurance Company Near Gilbert, AZ | Homeowners Insurance Agency Near Gilbert, AZ | Address |
|---|---|---|
| NA | Veros Insurance Group, Llc | 2855 E Brown Rd Ste 2, Mesa, AZ, 85213 |
| Travelers | All-Lines Insurance Agency | 2201 S MCCLINTOCK DR STE 1, TEMPE, AZ, 85282 |
| Liberty Mutual Independent | Lafayette Barr & Assoc Inc | 1550 E Missouri Ave Ste 104, Phoenix, AZ, 85014 |
| Travelers | Pinnacle Insurance Group | 17933 E SANOQUE BLVD, GILBERT, AZ, 85298 |
| State Farm | Randy Eller | 7050 W Chndlr Blvd Ste 4, Chandler, AZ, 85226-3242 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Chandler CCD, Maricopa County, Arizona | $95 | $127 | $191 |
| Mesa city, Arizona | $92 | $123 | $185 |
| Queen Creek town, Arizona | $95 | $127 | $191 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Gilbert, AZ | 2.9% | 11.5% |
| Chandler | 2.97% | 12.74% |
| Mesa | 3.47% | 12.97% |
| Queen Creek | 2.53% | 11.66% |
| Gilbert Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $500 to $749 | 1,520 | 8.0% | $1916 |
| $750 to $999 | 3,453 | 18.0% | $2666 |
| $1,000 to $1,499 | 8,212 | 44.0% | $3791 |
| $1,500 or more | 5,024 | 27.0% | $5441 |
| Streets in Gilbert Area | Homeowners Insurance Cost |
|---|---|
| S Bay Dr, E Andre Ave, E Betsy Ct, S San Benito Dr, W Hackamore Ave, S Islands Dr, S 174th Pl, N Larkspur St, E Sycamore Dr, W Starfish Dr | $643 |
| Tonto Dr, E Raven Way, E Rainbow Dr, E Tyson Ct, E Santa Fe Ln, S Honeysuckle Ln, E Towne Ln, E Pickett Ct, N Kiowa Ave, 300 W | $654 |
| E Merrill Ave, E Gondola Ln, S Faun Ct, W Sands Ct, E Baars Way, E Cotton Ct, E Campbell Rd, E Vosler Cir, E Los Altos Rd, W Golden Key St | $652 |
| S Spartan Cir, N Cole Dr, E Breckenridge Way, N Elizabeth Dr, St Paul, S Redrock St, W Horseshoe Ave, Sinova Ct, E Lafayette Ave, W Houston Ave | $635 |
| N San Angelo Ave, S Oakwood Way, Swan Dr, E Cll de Flores, S Owl Dr, W Amoroso Dr, S 138th St, S Maple, S 176th Way, E Blue Spruce Ln | $646 |
| S Posse Trl, S Bridgegate Dr, S Honeysuckle Ln, E Dogwood Dr, S Bridalvail Dr, E Flamingo Way, E Bartlett Dr, Sunset Bay Dr, S Somerset, N Cottonwood St | $655 |
| E Aloe Pl, N Explorer Dr, N Porter Pl, N Explorer Dr, S 141st St, N Golden Key St, W Seaweed Dr, W Silver Creek Rd, E Macaw Ct, S Pablo Pass Ct | $643 |
| W Shamrock St, S Maverick Ct, W Ensueno St, E Gail Ct, W Vaughn Ave, S Nielson St, N Sierra Ave, S Sahuaro St, Tucana Ln, E Locust | $662 |
| S Seawynds Blvd, E Kyle Ct, E Mariposa Pl, N la Arboleta St, Harmony, S Sandal, Malabar Ln, E Mayberry Ct, E Olney Ct, N Sinova Ct | $633 |
| S Pheasant Dr, S Creston, E Isaiah Ave, E Century Ave, S Larkspur St, S Kolb St, E North Shore, E Ironhorse Rd, S Clubhouse Dr, N Marble St | $622 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Gilbert | $95 to $97 |
| Chandler | $95 |
| Mesa | $92 |
| Goodyear Village | $90 |
| Home value ($) | Construction type | Coverage | Company | Average homeowners insurance premium ($) | ||
|---|---|---|---|---|---|---|
| Other structure coverage ($) | Contents coverage ($) | Additional living expenses coverage ($) | ||||
| 500,000 | Frame | 50,000 | 375,000 | 100,000 | American Automobile Ic | 1,488 |
| 500,000 | Masonry | 50,000 | 375,000 | 100,000 | American Summit Ic | |
| 300,000 | Masonry | 30,000 | 225,000 | 60,000 | Century-National Ic | 912 |
| 300,000 | Masonry | 30,000 | 225,000 | 60,000 | Encompass P&C Co | 754 |
| 300,000 | Masonry | 30,000 | 225,000 | 60,000 | Farmers Ins Exchange | 813 |
| 100,000 | Frame | 10,000 | 75,000 | 20,000 | First American P&C Ic | 337 |
| 500,000 | Masonry | 50,000 | 375,000 | 100,000 | Pacific Specialty Ic | 1,428 |
| 300,000 | Frame | 30,000 | 225,000 | 60,000 | Pekin Ic | 638 |
| 300,000 | Frame | 30,000 | 225,000 | 60,000 | Union Ic Of Providence | 1,115 |
| 500,000 | Masonry | 50,000 | 375,000 | 100,000 | Union Ic Of Providence | 1,808 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $2,600 |
| Yearly Gilbert Homeowner Insurance Premium Example | $800 | $600 |
| Out of Pocket Expense During Claim | $1,600 | $2,600 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $8,000 | $7,400 |
| Net Savings to Gilbert Home Owner from High Deductible Plan | $600 | |
| Scenario | Gilbert, AZ Home Replacement Value MORE than Home Value | Gilbert, AZ Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $392,000 | $290,500 |
| Insurance Premium based on Replacement Value | $975 | $725 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $36,000 | Risk Exposure from Under Insuring Coverage is $65,500 |
| Premium Impact | Insurance cheaper by $150/year | Insurance costlier by $100/year |
| Insurance Company | State Farm | Amica Mutual Insurance Company | Liberty Mutual |
| Monthly Premium | 52 | 90 | 77 |
| Year Built | 2009 | 1990 | 2011 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $300000-$350000 | $350000-$400000 | $400000-$500000 |
| Deductible | $5000 to $10,000 Deductible | $500 Deductible | $5000 to $10,000 Deductible |