Tempe ,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 Tempe, 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 Tempe, AZ is $1682. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Tempe, AZ. VHome Insurance will help you navigate the world of homeowners insurance coverages in Tempe, AZ.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $673 |
| $200,000 | $1,144 |
| $300,000 | $1,413 |
| $400,000 | $2,153 |
| $500,000 | $2,708 |
Home insurance costs in Tempe 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 |
|---|---|
| 085284 | $1,691 |
| 85283 | $1,588 |
| 85282 | $1,575 |
| 85281 | $1,569 |
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 Tempe, AZ, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,725 |
| $1000 Deductible | $1,542 |
| $1500 Deductible | $1,455 |
| $2500 Deductible | $1,312 |
| $5000 Deductible | $1,110 |
| Home Insurance Company Near Tempe, AZ | Homeowners Insurance Agency Near Tempe, AZ | Address |
|---|---|---|
| Travelers | Bennett Insurance Group Inc | 24654 N Lake Pleasant Pkwy # 103-575, Peoria, AZ, 85383 |
| Travelers | Burski Insurance Agency Llc | 7347 N 43RD LN, GLENDALE, AZ, 85301 |
| Allstate | Don Stoll | 3030 S Rural Rd Ste 104, Tempe, AZ, 85282 |
| Travelers | Lebaron & Carroll Llc | 1350 E SOUTHERN AVE, MESA, AZ, 85204 |
| Liberty Mutual | Rebecca Kossmann | 4505 E. Chandler Blvd. Ste 145, Phoenix, AZ, 85048 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Guadalupe town, Arizona | $89 | $119 | $179 |
| Phoenix CCD, Maricopa County, Arizona | $92 | $123 | $185 |
| Paradise Valley town, Arizona | $129 | $172 | $258 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Tempe, AZ | 3.4% | 12.2% |
| Guadalupe | 5.26% | 14.67% |
| Phoenix | 3.39% | 12.31% |
| Paradise Valley | 1.79% | 7.17% |
| Tempe Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 852 | 2.0% | $1246 |
| $500 to $749 | 7,891 | 23.0% | $1921 |
| $750 to $999 | 11,330 | 33.0% | $2671 |
| $1,000 to $1,499 | 10,091 | 29.0% | $3796 |
| $1,500 or more | 3,582 | 10.0% | $5446 |
| Streets in Tempe Area | Homeowners Insurance Cost |
|---|---|
| S Research Dr, S Shafer Dr, E Cír S Hernandez B, S Indian Bend Rd, E Bohl St, E 13th St, W Madero Ave, E Hopi St, E Cll de Caballos, S 48th Pl | $624 |
| E Caroline Ln, E Aspen Dr, S Pvt, S Tonopah Dr, W Morino Ct, N May, S Butte St, W Warner Ranch Dr, E Biehn St, E Stephens Dr | $666 |
| E Country Club Way, Anozira S Pkwy, W 14th St, E Alta Mesa Ave, S Sierra Vista Dr, W Osage Cir, E Circle Juan Tavena, W Detroit Ct, E Mesquite Cir, W Plata Ave | $615 |
| W Onza Cir, N Champlain Ave, Terrace Cir, N Center Pkwy, W Magdalena Dr, S Cll Moctezuma, S Poplar Dr, E Weber Dr, E Papago Dr, E Keresan St | $618 |
| E Ellis Dr, N Brandon Dr, E Cornell Dr, E Sandpiper Dr, W Bolero Dr, N Gene Ave, S Lebanon Ln, W Des Moines Cir, W Greentree Dr, W Project Dr | $639 |
| E Spence Ave, S 45th Ct, S Monterey Ave, E Sesame St, S Don Luis, E Zia St, S Pecan Grove Cir, S Torre Molinos Cir, N la Rosa Dr, E Corral Rd | $631 |
| W Cll de Arcos, S Shafer Dr, E la Diosa Dr, Shannon Dr, S Orm Dr, S Towers St, S 50th St, S Morrow St, W Kiva Ave, E Chelsea Manor | $642 |
| S Birchett Dr, W Sunburst Ln, S Golf Dr, W Dixon St, E Maldonado Dr, S Michele Dr, E Gemini Dr, W del Rio Ct, W 15th St, W Jibsail Loop | $699 |
| E Oxford Cir, E Stanford Dr, W Westcourt Way, W Hudson Ln, W 17th St, E Don Carlos Ave, S Albert St, W Willow St, E Circle Dr, S Minton Dr | $598 |
| E Knight Ln, S Craver Pl, N Judd Pl, W Erie Dr, E Miami Ave, W Red Mountain Acc, Coconino St, W Kelly Ln, E Alexander Blvd, W Fremont Dr | $671 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Tempe | $94 to $96 |
| Guadalupe | $89 |
| Phoenix | $92 |
| Paradise Valley | $129 |
| Home value ($) | Construction type | Coverage | Company | Average homeowners insurance premium ($) | ||
|---|---|---|---|---|---|---|
| Other structure coverage ($) | Contents coverage ($) | Additional living expenses coverage ($) | ||||
| 300,000 | Frame | 30,000 | 225,000 | 60,000 | Aca Ic | 510 |
| 500,000 | Frame | 50,000 | 375,000 | 100,000 | Farmers Ins Exchange | 1,159 |
| 500,000 | Frame | 50,000 | 375,000 | 100,000 | Great Northwest Ic | 1,277 |
| 500,000 | Masonry | 50,000 | 375,000 | 100,000 | Hartford Fire Ic | 1,547 |
| 300,000 | Masonry | 30,000 | 225,000 | 60,000 | Nationwide Ic Of America | 946 |
| 100,000 | Frame | 10,000 | 75,000 | 20,000 | Praetorian Ic | 393 |
| 100,000 | Frame | 10,000 | 75,000 | 20,000 | Secura Supreme Ic | 345 |
| 300,000 | Frame | 30,000 | 225,000 | 60,000 | Unigard Ic | 673 |
| 500,000 | Masonry | 50,000 | 375,000 | 100,000 | Union Ic Of Providence | 1,808 |
| 300,000 | Masonry | 30,000 | 225,000 | 60,000 | Universal North America Ic | 794 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $500 | $1,500 |
| Yearly Tempe Homeowner Insurance Premium Example | $800 | $600 |
| Out of Pocket Expense During Claim | $500 | $1,500 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $6,900 | $6,300 |
| Net Savings to Tempe Home Owner from High Deductible Plan | $600 | |
| Scenario | Tempe, AZ Home Replacement Value MORE than Home Value | Tempe, AZ Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $432,000 | $271,000 |
| Insurance Premium based on Replacement Value | $1,075 | $675 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $72,000 | Risk Exposure from Under Insuring Coverage is $89,000 |
| Premium Impact | Insurance cheaper by $225/year | Insurance costlier by $175/year |
| Insurance Company | Nationwide Insurance | Allstate | Travelers |
| Monthly Premium | 43 | 35 | 45 |
| Year Built | 2008 | 1986 | 1994 |
| Home Details | 2 Beds, 1 Baths | 4 Beds, 1 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $250000-$300000 | $200000-$250000 |
| Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $2500-$5000 Deductible |