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Arizona Homeowners Insurance Quotes
Arizona has it all.
It doesn't matter if you are looking for a bustling city or a quiet day in the mountains, the Grand Canyon state has you covered. Our landscapes range from hot deserts to snow covered mountain peaks. Combine all of this natural beauty with world-class shopping and trendy restaurants and you start to understand what makes Arizona so special.
When its time to get outside Arizona has dozens of state parks and of course, one of the most beautiful National Parks in the country, The Grand Canyon.
Arizona also has plenty of family activities. We have zoos, the Arizona Science Center, wildlife parks and tons of water activities. Swimming, rafting and boating are just a few things that you can do at Lake Powell or Lake Mead.
All of this makes Arizona not just a great place to visit, but a lovely place to put down some roots and raise a family.
Arizona Homeowner Facts
Arizona is a big state that covers a significant amount of land. It is the sixth largest state in the country and has the 14th largest population in the country, with an estimated 6,828,065 people calling Arizona home. This is a 6.82 percent increase since the 2010 Census.
In Arizona there are roughly 4,277 households per zip code and an average of 3 people per household. In 2014, the average household income was $50,068. This puts it slightly under the national median of $53,657.
According to Zillow, the median price for a home in Arizona is currently a very affordable $204,500. This is an increase of 7.4 percent over last year and Zillow predicts home prices are headed up an additional 3 percent in the coming year.
Like most states, home costs vary dramatically depending on where you decide to put down roots. Homes in Scottsdale, an upscale section of Phoenix average a whopping $ 410,000 while Tucson is much more affordable at $148,000.
Homeowners Insurance in Arizona
Homeowners insurance in Arizona is extremely affordable with a yearly premium coming in at $695, which is 31 percent less than the national average of $952 according to Value Penguin.
It is possible to push the cost of homeowners insurance even lower. Bundling your coverages, your home and auto insurance with the same insurer can result in a discount of up to 20 percent. Replacing an aging roof, adding a monitored security system or putting in a sprinkler system can all result in a huge discount.
We can help you find the best policy for your needs. Use our site to compare multiple quotes from numerous insurers after filling out our quick and easy quoting application. Get up to 12 home insurance quotes to review and compare today!
Factors to Consider in Arizona
Crime rates in Arizona run just a hair above average with a rate of 4 violent crimes per 1,000 residents. The national average is 3.8. When it comes to property crimes, Arizona has a total of 31.98 crimes per 1,000 residents versus the national average of 26.
Crime rates will impact homeowner premiums so when you are considering neighborhoods be sure to check out the local crime rates. If crime is high, consider another neighborhood.
Luckily, Arizona is not prone to many natural disasters, which is one of the reasons that homeowners insurance is so reasonable. Earthquakes are rare, as are tornadoes and obviously hurricanes do not occur in Arizona. While natural disasters are rare, that doesn't mean they are non-existent. Wildfires occur fairly often in the forested areas of the state, severe thunderstorms, dust storms and flash floods are also frequent occurrences.
Depending on where you decide to live, flood insurance may be necessary if flash floods happen on a regular basis. Flood damage is not covered by a regular homeowners policy so in order to be fully protected a separate flood policy may be your best bet. Before purchasing a home, call your local insurance agent and request a quote about any potential properties so there are no costly surprises when it comes time to close on your new home.
It doesn't matter if you are moving to Phoenix, Tucson, Flagstaff or Tempe, if you are making Arizona your home, you will need a new homeowners policy. Our home insurance shopping service is free and easy to use. Save time and compare up to 12 competitive Arizona home insurance rates so you can find great coverage at an affordable price.
Average Homeowners Insurance Premiums in Arizona
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Arizona homeowners are paying on average. Did you know that the average homeowners insurance premium in Arizona is $866? Arizona is now ranked 46 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Arizona is 33.94% less than the national average.
| Year | Average Annual Premium | Average Monthly Premium | State Rank (Overall) |
|---|---|---|---|
| 2020 | $866 (1.9%) | $ 72 | 46 |
| 2019 | $850 (0.8%) | $ 71 | 46 |
| 2018 | $843 (2.16%) | $ 70 | 46 |
| 2017 | $825 (2.7%) | $ 69 | 46 |
| 2016 | $803 (-0.87%) | $ 67 | 46 |
When we combine the state averages over the last decade, the Arizona overall average is estimated to be around $822.60. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Arizona current state rank compare to the rest of the country is #46. Consider shopping your Arizona home insurance with us so we can help you save up to 40% or more on your policy.
Arizona Homeowners Insurance News & Information
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Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024
While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states. In most states, insurers are allowed to consider credit scores when setting […]
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The Best Way to Check the Financial Strength of Home Insurance Companies Posted on Wednesday 3rd April, 2024
If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it. A.M. Best is a credit rating […]
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Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024
A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase. Currently, a Broward commissioner is asking Congress to pass legislation he claims […]
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North Carolina Coastal Home Insurance Rates Posted on Friday 29th March, 2024
North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]
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How Do Renovations Impact Home Insurance? (2024 Guide) Posted on Friday 15th March, 2024
Making renovations to your home can have a major impact on your insurance coverages as your risk profile changes. Adding square footage, putting in a swimming pool, outbuilding or upgrading your electrical may change the value of your home which could leave your underinsured. Major upgrades such as adding square footage to your home or […]
Arizona Housing & Real Estate Data
| Details: | Staticstics |
|---|---|
| Total Housing Units | 2844526 |
| Occupied Housing Units | 2380990 |
| Vacant Housing Units | 463536 |
| Vacant Housing Units for Rent | 120490 |
| Vacant Housing Units Rented Not Occupied | 5449 |
| Vacant Housing Units For Sale | 64407 |
| Vacant Housing Units Sold Not Occupied | 10550 |
| Vacant Housing Units For Seasonal Occasional Use | 184327 |
| Vacant Housing Units All Other Vacants | 78313 |
| Housing Units Homeowner Vacancy Rate Percent | 3.9 |
| Housing Units Rental Vacancy Rate Percent | 12.9 |
| Housing Tenure Occupied Units | 2380990 |
| Housing Tenure Occupied Units Owner Occupied | 1571687 |
| Housing Tenure Occupied Units Owner Occupied Population | 4134117 |
| Housing Tenure Occupied Units Owner Occupied Averge Household Size | 2.63 |
| Housing Tenure Occupied Units Renter Occupied | 809303 |
| Housing Tenure Occupied Units Renter Occupied Population | 2118516 |
| Housing Tenure Occupied Units Renter Occupied Average Household Size | 2.62 |
Understanding Arizona Homeowners Insurance
When shopping for Arizona homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for Arizona renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in Arizona, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Arizona rates and coverage options.