Prescott ,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 Prescott, 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 Prescott, AZ is $1677. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Prescott, AZ. VHome Insurance will help you navigate the world of homeowners insurance coverages in Prescott, AZ.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $671 |
| $200,000 | $1,140 |
| $300,000 | $1,409 |
| $400,000 | $2,147 |
| $500,000 | $2,700 |
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 Prescott, AZ, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,719 |
| $1000 Deductible | $1,538 |
| $1500 Deductible | $1,451 |
| $2500 Deductible | $1,308 |
| $5000 Deductible | $1,107 |
| Home Insurance Company Near Prescott, AZ | Homeowners Insurance Agency Near Prescott, AZ | Address |
|---|---|---|
| Allstate | Robin Binkley | 7749 E Florentine Rd Ste A, Prescott Valley, AZ, 86314 |
| NA | Draxler Insurance | 830 S Main St 830 S Main St, Cottonwood, AZ, 86326 |
| State Farm | Cathy Trent | 233 N Alarcon Street, Prescott, AZ, 86301-3101 |
| Allstate | Charina Dimaano | 3029 Dollar Mark Ste C, Prescott, AZ, 86305 |
| State Farm | Dennis Burks | 502 Whipple St, Prescott, AZ, 86301-1720 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Yavapai County, Arizona | $94 | $125 | $188 |
| Williamson CDP, Arizona | $101 | $135 | $203 |
| Wilhoit CDP, Arizona | $89 | $118 | $177 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Prescott, AZ | 3.8% | 14.2% |
| Yavapai County | 3.86% | 14.14% |
| Williamson | 2.88% | 11.27% |
| Wilhoit | 4.23% | 19.15% |
| Prescott Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 261 | 1.0% | $797 |
| $300 to $499 | 1,459 | 9.0% | $1247 |
| $500 to $749 | 5,020 | 32.0% | $1922 |
| $750 to $999 | 4,137 | 26.0% | $2672 |
| $1,000 to $1,499 | 3,650 | 23.0% | $3797 |
| $1,500 or more | 962 | 6.0% | $5447 |
| Streets in Prescott Area | Homeowners Insurance Cost |
|---|---|
| Lichen Ridge Ln, Iron Hawk Dr, Gumtree Ln, Prescott Lakes Pkwy, Granite Oaks Dr, E Gurley St, Alpline, N Docs Rd, E Adair Dr, Eastwood Pl | $682 |
| Thumb Butte Rd, Northern St, Heritage Cir, Stirup High Dr E, Elrod Rd, E Alpine Dr, N Bearclaw Dr, W Carriage Ln, N Kearny Dr, W Home Stretch Dr | $611 |
| Oregon Ave, S Donegal Dr, Crestview Ln, Willow Ln, Riverview Dr, Papago Way, E John Ct, Ithaca Dr, Poland Junction Rd, E Yellowglen Dr | $654 |
| E Copper Hill Dr, N Cam del Sol, Fleury St, Troy Ln, Golden Fleece, Black Elk Ct, Victory Ln, N Ridgecrest Dr, Black Dr, Tiburon Dr | $627 |
| Symphony Dr, Navajo Way, Linden Rd, Squirrel Dr, Mesa Dr, Pinion Pine Way, Cactus Wren Ln, Grafton Ct, Johnny Mullins Dr, Conner Cr | $603 |
| Hooty Ln, Boone Ct, Nicholet Trl, Bahai Ln, N Adobe Trl, E Encampment Ct, Saddle Pass, Kaibab Ln, Rolling Green Rd, E Sanddraw Cir | $679 |
| Surefire Rd, E Gurley St, W Wildhorse Run, N Granada Dr, Hope Dr, E Charolais Rd, Rill Rd, E Hillward, N Sunset Rdg, Solar View Dr | $623 |
| Circle Dr, Yavapai County Rd 62, W Phylis St, Roadrunner Ln, Bar-Circle-A Rd, Louie St, Pinon Pine Way, W Mint Wash Pass, Forest Hills Rd, E Viento St | $668 |
| N Taylor Ave, E Indian Hill Dr S, Forest Service 102 Rd, Shiloh Rd, E Chase Cir, Angelita Dr, Rock Haven, E Jaden Ln, E Carleton St, Ascott St | $648 |
| W Big Chino Rd, E Sunflower Ln, N Golden Way, Terra Verde Dr, E Tranquil Blvd, Apache Dr, Hawk Hollow Way, W Chianti, N Agua Fria Dr, E Joan Dr | $615 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Prescott | $94 to $96 |
| Yavapai County | $93 |
| Williamson | $101 |
| Wilhoit | $88 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $2,000 |
| Yearly Prescott Homeowner Insurance Premium Example | $1,000 | $800 |
| Out of Pocket Expense During Claim | $1,000 | $2,000 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,000 | $8,400 |
| Net Savings to Prescott Home Owner from High Deductible Plan | $600 | |
| Scenario | Prescott, AZ Home Replacement Value MORE than Home Value | Prescott, AZ Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $244,000 | $171,000 |
| Insurance Premium based on Replacement Value | $875 | $625 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $32,500 | Risk Exposure from Under Insuring Coverage is $40,500 |
| Premium Impact | Insurance cheaper by $150/year | Insurance costlier by $100/year |
| Insurance Company | Allstate | Chubb Group of Insurance | Nationwide Insurance |
| Monthly Premium | 36 | 59 | 95 |
| Year Built | 1991 | 1982 | 2013 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 1 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $250000-$300000 | $400000-$500000 |
| Deductible | $5000 to $10,000 Deductible | $500 Deductible | $1000-$2500 Deductible |