Phoenix, AZ homeowners insurance is roughly $526 to $711, about $43-$59/month. Our comprehensive research reveals consumers can save as much as $247 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
The average cost of home insurance in Phoenix, AZ, is $752. Home insurance is one of the most important types of insurance to have. It protects your home and belongings in the event of a covered loss. Home insurance in Phoenix, AZ, is typically very affordable, and comparing rates and coverage options is crucial before purchasing a policy. There are many different home insurance policies available, and choosing the one that best fits your needs is essential. Basic home insurance policies usually cover damage from fire, wind, hail, lightning, theft, and vandalism. More comprehensive policies may also cover flooding, earthquakes, and other types of damage. Home insurance is an important way to protect your home and belongings.
The price of home insurance coverage in Phoenix, Arizona, varies depending on several things. The age and condition of the house, the building materials used to build it, its location, the amount of coverage, and the physical qualities of the land are some of the most prevalent aspects. This article goes on to explain a few additional variables.
Choosing a Higher Deductible
Insurance companies typically charge higher rates in areas where claims are more common. By assuming more of the risk yourself, you can offset some of the increased cost of premiums. While a higher deductible means you have to pay more out of pocket before your coverage kicks in, you also have lower premiums. This is because you are assuming more risk, so the insurance company is assuming less. Homeowners in Phoenix, Arizona, pay $742.98 and $632.73 in premiums, respectively, for deductibles of 500 and 1500. Owners of homes with deductibles of 2000 and 2500 each pay $574.38 and $539.94, respectively. Therefore, in Phoenix, Arizona, the higher the deductible, the lower the home insurance premiums. You should never choose a deductible that you cannot afford to pay. If you have to file a claim, you don't want to be stuck with a huge bill you cannot pay. But if you can afford a higher deductible, it can be a great way.
Installing Security Features
Security features such as burglar alarms, security cameras, and deadbolt locks can help to deter burglars and other criminals from breaking into your home. This, in turn, can help to reduce the cost of your homeowners insurance. A homeowner's likelihood of filing an insurance claim decreases if these security features are installed in their homes. For example, in Phoenix, Arizona homes with deadbolts spend $676.08 for homeowner's insurance.
Maintaining a Zero Claims History
Maintaining a zero claims history is one of the best ways to reduce homeowners insurance costs in Phoenix, AZ. Homeowners' insurance companies offer discounts to policyholders who have no claims on their records. The longer you go without making a claim, the more discounts you will receive. In addition, maintaining a zero claims history shows that you are a responsible homeowner and are less likely to file a claim in the future. For instance, in Phoenix, Arizona, homeowners must pay a premium of $646.72 with no prior claims. On the other hand, homeowners in Phoenix, Arizona, must pay between $797.12 and $842.24 for their home insurance if they have one or two claims.
Phoenix, AZ Home Value | Total Homes | % of Total | Average Phoenix, AZ Homeowners Insurance |
---|---|---|---|
Less than $50,000 | 55,611 | 9.0% | $86 |
$50,000 to $59,999 | 12,865 | 2.0% | $185 |
$60,000 to $69,999 | 16,032 | 2.0% | $229 |
$70,000 to $79,999 | 18,098 | 3.0% | $266 |
$80,000 to $89,999 | 23,760 | 4.0% | $297 |
$90,000 to $99,999 | 21,584 | 3.0% | $334 |
$100,000 to $124,999 | 64,502 | 11.0% | $389 |
$125,000 to $149,999 | 53,304 | 9.0% | $482 |
$150,000 to $174,999 | 68,503 | 11.0% | $575 |
$175,000 to $199,999 | 47,342 | 8.0% | $662 |
$200,000 to $249,999 | 77,493 | 13.0% | $798 |
$250,000 to $299,999 | 54,452 | 9.0% | $971 |
$300,000 to $399,999 | 60,764 | 10.0% | $1238 |
Home Insurance Company Near Phoenix, AZ | Homeowners Insurance Agency Near Phoenix, AZ | Address |
---|---|---|
Farmers | Allan Connor | 5950 S Cooper Rd Ste 2b, Chandler, AZ, 85249 |
State Farm | Lisa Ro Ross | 14071 W Bell Rd Ste 105, Surprise, AZ, 85374-2454 |
Liberty Mutual | Shane R. Lizama | 21448 N. 75Th Ave. Suite 2, Glendale, AZ, 85308 |
Farmers | Wayne Leavitt | 7254 E Southern Ave Ste 105, Mesa, AZ, 85209 |
Travelers | Wesselmann Insurance Network Group Llc | 4203 E INDIAN SCHOOL RD STE 301, PHOENIX, AZ, 85018 |
Streets in Phoenix Area | Homeowners Insurance Cost |
---|---|
W Signal Butte Cir, S Rico Cir, E 3rd Dr, S Sarnac, E Doris St, N 13th Way, E Graythorn Way, N Hillridge, E Cactus Wren Dr, S Hall Cir | $673 |
S 166th Dr, N Forest Ave, E Todd Dr, S 111th Pl, E Myrtle St, E Savannah Dr, N Granite Pointe, S Playa, N Horseshoe Ln, N Desert Ave | $705 |
N Gardens, W Hansan Dr, 120th Ave, Tara Ln, W Quail Creek, N Desert Flower Dr, S Obispo Ave, E Shadow Rock Rd, E Cll Redonda, E Mc Kellips St | $623 |
E Brentrup Dr, N 172nd Ln, W Emelita, S 104th St, N 56th Way, 112th Ave, E Ranch Circle Dr N, N 62nd, S 79th Ave, E Clubhouse Dr | $626 |
400 W, S 158th Dr, N Gallatin, W Mediterranean Dr, E Valley View Dr, W Frito Ave, W South Fork Dr, E Cowan Cir, W Duluth Ave, W Elm Way | $593 |
S Hunt Dr, W San Pedro St, W Chilton Ave, S Daley, N Mountview Rd, E Royal View Dr N, N Arden Cir, S 86th Ave, N 76th Cir, S Lewis | $715 |
W Apollo Ave, S Almar Cir, W Palm Ridge Dr, N 11th Way, N Buckaroo Ln, S 21st Dr, S 45th Ave, S 101st St, E Boulder Dr, E Powderhorn Dr | $625 |
S Revolta Cir, Lincoln Dr, Northern Ave, N Martingale Rd, W Kumquat Ct, S 72nd Dr, W Erie Dr, E Thunderbird Trl, E Joan D Arc Ave, N Morris | $603 |
E Laguna Dr, E Venue St, W Taro Dr, E Floriade Dr, W Picerne Dr, W Pineaire Dr, N Bonow Dr, N 171st Ave, S 22nd Dr, E Sheridan Ave | $580 |
W Willowbrook Dr, S 74th Ln, N Bluejay Dr, S Sierra Heights Cir, S 113th Way, N Forest, E Shoeman Ln, S Westcourt Way, N Via Serena Cir, W Shangri la Ave | $593 |
Place | Savings For Senior Occupied Homes |
---|---|
Phoenix | $92 to $94 |
Paradise Valley | $129 |
Glendale | $92 |
Tempe | $94 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
Paradise Valley town, Arizona | $129 | $172 | $258 |
Glendale city, Arizona | $92 | $122 | $183 |
Tempe city, Arizona | $95 | $126 | $189 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Phoenix, AZ | 3.4% | 12.3% |
Paradise Valley | 1.79% | 7.17% |
Glendale | 3.51% | 12.01% |
Tempe | 3.39% | 12.15% |
Phoenix Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
$200 to $299 | 4,653 | 1.0% | $804 |
$300 to $499 | 18,042 | 4.0% | $1254 |
$500 to $749 | 102,640 | 24.0% | $1929 |
$750 to $999 | 120,983 | 28.0% | $2679 |
$1,000 to $1,499 | 125,640 | 29.0% | $3804 |
$1,500 or more | 45,229 | 10.0% | $5454 |
Zip Code | Median Home Value | Median Homeowners Insurance |
---|---|---|
85040 | $97,700 | $600 |
85019 | $90,600 | $600 |
85017 | $88,100 | $590 |
85033 | $81,900 | $600 |
85035 | $80,500 | $590 |
85031 | $79,600 | $590 |
85009 | $74,300 | $590 |
85012 | $384,400 | $690 |
85054 | $367,400 | $690 |
85018 | $360,800 | $680 |
85045 | $353,700 | $680 |
85048 | $313,300 | $660 |
85028 | $301,100 | $660 |
85085 | $287,800 | $670 |
85003 | $275,000 | $660 |
85086 | $272,500 | $660 |
85004 | $267,800 | $660 |
85050 | $249,200 | $650 |
85044 | $237,400 | $650 |
85021 | $225,000 | $630 |
85016 | $215,600 | $640 |
85007 | $213,900 | $640 |
85024 | $210,500 | $630 |
85020 | $204,200 | $630 |
85013 | $197,700 | $630 |
85022 | $196,800 | $630 |
85014 | $188,400 | $630 |
85023 | $172,900 | $630 |
85032 | $168,100 | $620 |
85053 | $142,000 | $610 |
85008 | $127,700 | $610 |
85034 | $127,200 | $610 |
85043 | $125,400 | $610 |
85029 | $125,300 | $610 |
85015 | $120,400 | $610 |
85041 | $119,000 | $610 |
85006 | $118,900 | $610 |
85051 | $117,200 | $610 |
85037 | $112,000 | $600 |
Home value ($) | Construction type | Coverage | Company | Average homeowners insurance premium ($) | ||
---|---|---|---|---|---|---|
Other structure coverage ($) | Contents coverage ($) | Additional living expenses coverage ($) | ||||
100,000 | Masonry | 10,000 | 75,000 | 20,000 | American Security Ic | 483 |
300,000 | Masonry | 30,000 | 225,000 | 60,000 | Farm Bureau P&C Ic | 1,183 |
100,000 | Masonry | 10,000 | 75,000 | 20,000 | Homesite Ind Co | 413 |
500,000 | Masonry | 50,000 | 375,000 | 100,000 | Horace Mann Ic | 952 |
300,000 | Masonry | 30,000 | 225,000 | 60,000 | Pacific Ind Co | 1,683 |
300,000 | Frame | 30,000 | 225,000 | 60,000 | Pharmacists Mutual Ic | 756 |
100,000 | Frame | 10,000 | 75,000 | 20,000 | Praetorian Ic | 393 |
300,000 | Frame | 30,000 | 225,000 | 60,000 | Privilege Underwriters Reciprocal Exchange | 1,944 |
100,000 | Frame | 10,000 | 75,000 | 20,000 | United Heritage P&C Co | 497 |
300,000 | Frame | 30,000 | 225,000 | 60,000 | Universal North America Ic | 832 |
Scenario | Phoenix, AZ Home Replacement Value MORE than Home Value | Phoenix, AZ Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $ | $ |
Insurance Premium based on Replacement Value | $ | $ |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $ | Risk Exposure from Under Insuring Coverage is $ |
Premium Impact | Insurance cheaper by $/year | Insurance costlier by $/year |
Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
---|---|---|---|---|---|---|---|---|---|
1986 | 125,000 | Asphalt Shingles Roof | 1,150 | 2 | $500 Deductible | 230 | 7 | Stone Siding | yes |
2001 | 195,000 | Membrane Roof | 1,670 | 3 | $500- $1000 Deductible | 190 | 4 | Vinyl siding | yes |
2006 | 405,000 | Asphalt Shingles Roof | 4,850 | 5 | > $10,000 Deductible | 320 | 6 | Vinyl siding | No |
1999 | 255,000 | Slate Shingles Roof | 2,900 | 5 | $1000-$2500 Deductible | 480 | 10 | Wood siding | No |
2004 | 270,000 | Tile Roof | 2,740 | 5 | $500- $1000 Deductible | 660 | 8 | Fiber-Cement Siding | No |
1987 | 210,000 | Membrane Roof | 1,950 | 3 | $500- $1000 Deductible | 180 | 4 | Brick siding | No |
2003 | 160,000 | Metal Roof | 1,540 | 2 | $1000-$2500 Deductible | 210 | 6 | Brick siding | No |
1988 | 125,000 | Asphalt Shingles Roof | 1,140 | 2 | $1000-$2500 Deductible | 270 | 9 | Vinyl siding | yes |
2014 | 230,000 | Composition Roof | 1,920 | 3 | > $10,000 Deductible | 40 | 1 | Stone Siding | No |
2013 | 100,000 | Slate Shingles Roof | 1,210 | 2 | $1000-$2500 Deductible | 140 | 8 | Brick siding | yes |
2005 | 325,000 | Asphalt Shingles Roof | 3,270 | 4 | > $10,000 Deductible | 530 | 12 | Fiber-Cement Siding | yes |
2014 | 225,000 | Wood Shake Roof | 2,300 | 3 | $500 Deductible | 200 | 5 | Wood siding | No |
2012 | 245,000 | Shingles Roof | 2,370 | 3 | $1000-$2500 Deductible | 220 | 3 | Vinyl siding | No |
2013 | 375,000 | Membrane Roof | 3,190 | 5 | $1000-$2500 Deductible | 230 | 3 | Brick siding | No |
1984 | 175,000 | Membrane Roof | 2,020 | 5 | $5000 to $10,000 Deductible | 230 | 7 | Wood siding | yes |
1987 | 530,000 | Slate Shingles Roof | 4,360 | 5 | $1000-$2500 Deductible | 850 | 9 | Stone Siding | No |
1993 | 285,000 | Wood Shake Roof | 2,590 | 4 | $5000 to $10,000 Deductible | 130 | 4 | Brick siding | No |
1991 | 310,000 | Shingles Roof | 2,900 | 5 | $5000 to $10,000 Deductible | 140 | 3 | Stone Siding | yes |
1999 | 115,000 | Tile Roof | 1,300 | 2 | $500- $1000 Deductible | 180 | 5 | Stucco siding | yes |
2000 | 135,000 | Asphalt Shingles Roof | 1,240 | 2 | $500- $1000 Deductible | 70 | 2 | Vinyl siding | yes |
2012 | 90,000 | Membrane Roof | 1,120 | 2 | $1000-$2500 Deductible | 200 | 12 | Brick siding | yes |
1996 | 145,000 | Metal Roof | 1,330 | 2 | $500- $1000 Deductible | 300 | 7 | Brick siding | No |
2014 | 310,000 | Metal Roof | 3,110 | 4 | $5000 to $10,000 Deductible | 370 | 8 | Stucco siding | yes |
1999 | 125,000 | Composition Roof | 1,080 | 2 | $2500-$5000 Deductible | 250 | 12 | Wood siding | yes |
2012 | 120,000 | Wood Shake Roof | 980 | 2 | $2500-$5000 Deductible | 50 | 2 | Fiber-Cement Siding | No |
1997 | 90,000 | Shingles Roof | 930 | 2 | $500 Deductible | 40 | 2 | Stucco siding | No |
2011 | 335,000 | Composition Roof | 3,140 | 5 | $500- $1000 Deductible | 590 | 7 | Fiber-Cement Siding | No |
2011 | 470,000 | Tile Roof | 4,600 | 5 | $1000-$2500 Deductible | 680 | 7 | Wood siding | No |
2003 | 215,000 | Asphalt Shingles Roof | 1,880 | 3 | > $10,000 Deductible | 270 | 10 | Fiber-Cement Siding | No |
2005 | 165,000 | Composition Roof | 1,124 | 2 | $2500-$5000 Deductible | 40 | 1 | Stone Siding | No |