Extreme heat and wildfires are regular occurrences in Arizona, which means homeowners in Phoenix need to have enough home insurance to withstand whatever mother nature throws at them.
The average cost of homeowners insurance in Phoenix is $1,781 per year or $148 a month. This is around 7% higher than the statewide average of $1,667 per year and on par with the national average of $1,754.
Compare the best cheap homeowners insurance companies in Phoenix
Of the companies we looked at, Armed Forces Insurance has the lowest home insurance rates in Phoenix, with an average annual policy cost of $725 per year, followed by USAA at $1,019 per year — much less than the state average.
But cost isn't the only factor when choosing the best company, and both Armed Forces Insurance and USAA are only available to members of the military, so they won't work for most homeowners in Phoenix. American Family has the next lowest average rates at $1,229 per year.
To find the best cheap homeowners insurance in Phoenix, Policygenius rated over a dozen of the largest insurance companies in Arizona across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$118 | 4.8 out of 5 | ||
$102 | 4.5 out of 5 | ||
$177 | 4.5 out of 5 | ||
$164 | 4.5 out of 5 | ||
$152 | 4.4 out of 5 |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
All 50 states
Why we chose it
State Farm home insurance scores a near-perfect 4.8 out of 5 thanks to its slew of coverage add-ons, high marks on J.D. Power’s customer satisfaction surveys, and strong financial stability ratings.
Pros and cons
Pros
Save up to $1,127 per year when you bundle your home and auto insurance
Excellent line-up of policy add-ons, including extended replacement cost coverage
Cons
No longer sells home insurance policies in California
20% more complaints filed with the NAIC than other companies of its size
More details
Why State Farm is one of our top choices
At a time when lots of competitors are no longer insuring homes in areas prone to wildfires or hurricanes, State Farm continues to offer its relatively affordable and highly rated home insurance to homeowners in every corner of the country.
And it doesn't skimp on coverage, offering flood, wildfire, and earthquake protection — one of few competitors that offers all three insurance policies to homeowners in high-risk states nationwide.
Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from A.M. Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.
How much does State Farm home insurance cost compared to the Phoenix average?
The average cost of home insurance with State Farm in Phoenix is $1,414 per year.
In comparison, the average cost of home insurance with State Farm in Arizona is $1,362 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.
How to get a quote
Online through State Farm
2023 Policygenius award winner
American Family
4.5
Offers extended replacement cost
Offers flood insurance
Bundle home & auto
Why we chose it
American Family home insurance has industry-best coverage options, high customer service ratings, and several discounts to compliment its already affordable rates, making it a great option in the 19 states where it’s available.
Pros and cons
Pros
Affordable rates and 11 available discounts
Ranked #2 in J.D. Power’s 2022 U.S. Home Insurance Study
Diminishing deductible feature to lower out-of-pocket claim costs
Cons
Only available in 19 states
Offers online quotes, but requires talking to an agent to complete the process
More details
Why American Family is one of our top picks for low rates
When it comes to both the breadth and quality of home insurance policy options, there are few companies in the same league as American Family, and the company offers some of the lowest rates in the state.
Choose from three comprehensive policy tiers with various levels of protection, or customize a policy to your liking with up to 15 additional coverage options, including inland flood, equipment breakdown, and service line coverage.
We especially like its rare diminishing deductible feature that takes $100 off your policy deductible each year you go without filing a claim — a perk few competitors offer. In Arizona, American Family has some of the lowest available rates, making it an affordable choice for most homeowners.
While it only writes homeowners insurance in 19 states, American Family is the seventh largest home insurer in the United States — which indicates it’s a popular option in the places it operates.
How do American Family home insurance rates compare to the Phoenix average?
The average cost of homeowners insurance with American Family in Phoenix is $1,247 per year.
In comparison, the average cost of home insurance with American Family in Arizona is $1,150 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.
How to get a quote
Online through American Family
2023 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Along with saving around 20% when you bundle your home and car insurance, Farmers also gives you access to its extensive suite of discounts, unique policy credits, and claim-free incentives that help put money back in your pocket.
Pros and cons
Pros
12+ discounts to save on rates
Extended and guaranteed replacement cost for your home
Shave $50 off your deductible each year you’re with Farmers
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
More details
Why Farmers is one of our top pick for coverage options
Farmers home insurance offers a variety of coverage options and policy perks that aren't easy to come by, including:
Declining deductibles: Earn $50 toward your home deductible each year you have a home insurance policy with Farmers.
Claim forgiveness: Once you’ve gone five years without filing a claim, Farmers won’t raise your rate after that if you end up filing one.
Even more, depending on your state of residence, you can save up to 45% on your auto insurance and up to 34% on your home insurance when you bundle policies, according to Farmers.
How do Farmers home insurance rates compare to the Phoenix average?
The average cost of homeowners insurance with Farmers in Phoenix is $2,122 per year.
In comparison, the average cost of home insurance in all of Phoenix is $1,781 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.
How to get a quote
Online through Farmers
Progressive
4.5
Bundle home & auto
Mobile app
Why we chose it
Progressive offers robust home insurance coverage and ways to save. Our fave perk? Its bundling discount, which lets you save up to 20% on premiums and only requires you to pay one deductible if your home and car are damaged in the same event.
Pros and cons
Pros
Available in all states except Alaska and Hawaii
Slew of policy and discount options available
Easy-to-use app to manage policy
Cons
Not a direct insurance carrier
Cost varies by company Progressive places you with
Customer service & claims options vary by company
More details
Why we chose Progressive
Progressive shines for its industry-best home and auto insurance bundling perks. Insure both your home and car with Progressive and you’ll not only score a huge discount, but you’ll only have to pay one deductible if your home and car are damaged in the same incident. This means if a tornado knocks a tree over onto your home and car, you’ll only be on the hook for one deductible.
How do Progressive home insurance rates compare to the Phoenix average?
The average cost of Progressive home insurance in Phoenix is $1,963 per year, which is 10% higher than the average annual premium in Phoenix of $1,781 per year.
How to get a quote
Online through Policygenius or ASI Progressive
2023 Policygenius award winner
Allstate
4.4
Bundle home & auto
Smart home discounts
All 50 states
Why we chose it
Whether you’re looking for bare-bones coverage on the cheap or a more comprehensive policy package with additional coverages and features like short-term rental coverage and deductible rewards, you’ll likely be able to find it with Allstate.
Pros and cons
Pros
High-quality and flexible policy options
Numerous discounts and features that help you save
Below-average customer complaints
Cons
No longer sells home insurance policies in California
Below-average digital experience rating with J.D. Power
More details
Why Allstate is our top pick for Airbnbs
If you rent out your property through a short-term rental service like Airbnb and a guest destroys or steals your property, Allstate’s HostAdvantage will pay up to $10,000 per rental host period to replace or repair your property.
And the best part? This coverage can be added directly onto your home insurance policy for a small additional fee. To put this into context, only about one-third of the nearly 70 home insurance companies we reviewed even offer home-sharing coverage at all.
How much does Allstate home insurance cost compared to the Phoenix average?
The average cost of homeowners insurance with Allstate in Phoenix is $1,822 per year.
In comparison, the average cost of home insurance in all of Phoenix is $1,781 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
How much is homeowners insurance in Phoenix?
The average cost of home insurance in Phoenix is $1,781 per year, or $148 a month, for a policy with $300,000 in dwelling coverage. This is around 7% higher than the average annual cost of $1,667 for homeowners insurance in Arizona, and on par with the national average.
Phoenix home insurance rates by ZIP code
Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Phoenix neighborhoods may be more prone to extreme weather damage or property crime than others.
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Phoenix.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
85032 | $1,970 | 18% |
85041 | $1,586 | -5% |
85033 | $1,678 | 1% |
85008 | $1,879 | 13% |
85035 | $1,773 | 6% |
85037 | $1,697 | 2% |
85009 | $1,861 | 12% |
85022 | $2,006 | 20% |
85029 | $1,905 | 14% |
85042 | $1,603 | -4% |
Cheapest ZIP codes for home insurance in Phoenix
With an average home insurance rate of $1,519 per year, the 85097 ZIP code is the most affordable area for home insurance in Phoenix.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
85097 | $1,519 | -9% |
85331 | $1,533 | -8% |
85085 | $1,538 | -8% |
85045 | $1,553 | -7% |
85048 | $1,574 | -6% |
85041 | $1,586 | -5% |
85042 | $1,603 | -4% |
85050 | $1,626 | -2% |
85018 | $1,629 | -2% |
85040 | $1,633 | -2% |
Most expensive areas for homeowners insurance in Phoenix
With an average annual premium of $2,006, the 85022 ZIP code is the most expensive ZIP code in Phoenix for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
85022 | $2,006 | 20% |
85032 | $1,970 | 18% |
85021 | $1,964 | 18% |
85051 | $1,964 | 18% |
85015 | $1,932 | 16% |
85019 | $1,926 | 16% |
85006 | $1,918 | 15% |
85017 | $1,909 | 15% |
85029 | $1,905 | 14% |
85014 | $1,894 | 14% |
Learn more >> Home insurance rates by ZIP code
Phoenix home insurance costs by coverage amount
Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.
Here are the average rates for homeowners insurance based on coverage amount.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $940 |
$200,000 | $1,344 |
$300,000 | $1,781 |
$400,000 | $2,269 |
$500,000 | $2,771 |
Phoenix home insurance costs by deductible amount
Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.
Here are the average rates for homeowners coverage by deductible amount.
Deductible | Average annual cost |
|---|---|
$500 | $2,149 |
$1,000 | $1,305 |
$2,000 | $2,126 |
Cheapest homeowners insurance companies in Phoenix
Based on our analysis, Armed Forces Insurance, USAA, and American Family are the three cheapest home insurance companies in Savannah, with average premiums citywide ranging from $725 to $1,229 per year.
Company | Average annual cost |
|---|---|
$725 | |
$1,019 | |
$1,229 | |
$1,414 | |
$1,478 | |
$1,591 | |
$1,783 | |
$1,822 | |
$1,963 | |
$2,039 | |
$2,122 | |
$2,283 | |
$4,195 | |
$4,801 |
Cheapest home insurance in Phoenix if you have poor credit
A bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.
Here are the average rates for homeowners insurance for Phoenix residents with poor credit.
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $1,176 |
USAA | $1,835 |
American Family | $2,123 |
Nationwide | $2,173 |
State Farm | $2,422 |
Allstate | $2,683 |
Progressive | $2,951 |
Farm Bureau Insurance | $3,043 |
Farmers | $3,048 |
Chubb | $3,761 |
Foremost | $4,037 |
Country Financial | $6,450 |
Travelers | $14,892 |
Auto-Owners Insurance | $18,861 |
Cheapest home insurance in Phoenix if you have an older home
Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.
Here are the average homeowners insurance rates for Phoenix residents with older homes.
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $792 |
USAA | $1,056 |
American Family | $1,250 |
Chubb | $1,334 |
State Farm | $1,410 |
Nationwide | $1,517 |
Auto-Owners Insurance | $1,661 |
Allstate | $1,671 |
Farmers | $1,940 |
Farm Bureau Insurance | $2,073 |
Farmers | $2,175 |
Progressive | $2,518 |
Country Financial | $4,795 |
Travelers | $6,106 |
Cheapest homeowners insurance in Phoenix if you have a history of claims
Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.
Here's the cheapest home insurance companies in Phoenix for a homeowner with three claims within a five-year period on their record.
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $987 |
USAA | $1,049 |
State Farm | $1,608 |
Auto-Owners Insurance | $1,758 |
American Family | $2,106 |
Farmers | $2,678 |
Chubb | $2,714 |
Progressive | $2,842 |
Allstate | $3,145 |
Nationwide | $3,247 |
Farmers | $4,769 |
Country Financial | $4,805 |
Travelers | $6,507 |
Farm Bureau Insurance | $6,956 |
How to get homeowners insurance quotes in Phoenix
Here are some easy steps to take as you shop for home insurance in Phoenix:
Frequently asked questions
What is the average home insurance cost in Phoenix?
The average home insurance rate in Phoenix is $1,781 a year or $148 a month. That’s about $114 more per month than the statewide average.
Is home insurance mandatory in Phoenix?
Home insurance isn’t required in Phoenix unless you financed your home with a loan or mortgage. Mortgage lenders require home insurance to protect their investment against catastrophic losses.
Is homeowners insurance cheaper in Phoenix?
Compared to other cities in the area, including Tucson and Las Vegas, home insurance rates in Phoenix are higher. One way to lower your home insurance cost is by comparing quotes online with a Policygenius agent.
