Scorching summers, drenching monsoons, and choking windstorms make it important for homeowners in Phoenix to have enough home insurance to withstand whatever mother nature throws at them.
The average cost of homeowners insurance in Phoenix is $2,162 per year or $180 a month. This is around 13% higher than the statewide average of $1,897 per year and on par with the national average of $1,899.
However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Phoenix.
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.
Best homeowners insurance companies in Phoenix
Of the companies we looked at, USAA has the lowest home insurance rates in Phoenix, with an average annual policy cost of $1,019 per year — about $1,100 less than the state average. American Family has the next lowest average rates at $1,229 per year.
Policygenius analyzed thousands of quotes from the 5 largest Phoenix insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Phoenix residents to find the best homeowners insurance in Phoenix.
Company | Average yearly cost | J.D. Power Rating |
|---|---|---|
State Farm | $1,414 | 835 |
Farmers | $2,122 | 813 |
USAA | $1,019 | 882 |
American Family | $1,229 | 831 |
Allstate | $1,822 | 829 |
There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.
Pros
Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage
Get up to $1 million in personal liability coverage
Score discounts for bundling, installing security devices, and choosing a high deductible
File and track claims online, over the phone, in person, or through its mobile app
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers or going a year without a claim
Read our full State Farm home insurance review
Why State Farm tops our best list
State Farm has high customer satisfaction ratings from J.D. Power, making it one of the top home insurance companies around. Customers can file and track claims online or through the mobile app and earn discounts for bundling home and auto insurance policies or choosing a higher deductible.
How to get a quote
Online through State Farm
Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.
Pros
Several discounts and unique ways to save, including claim forgiveness and declining deductibles
3 flexible coverage packages with varying levels of protection for most coverage and budget needs
Offers extended and guaranteed replacement cost coverage options
File claims online, via text, on its mobile app, or by calling its claims center
Cons
Rates are typically more expensive
Below-average customer satisfaction ratings
No repair network to help you find a certified contractor or repair professional after filing a claim
Read our full Farmers home insurance review here
Why Farmers tops our best list
We love the fact that Farmers offer several discounts and numerous additional coverages, including the option to rebuild your home with green materials after a covered claim. Farmers have three flexible coverage options, making it easy for customers to pick and choose which coverages work best within their budget.
How to get a quote
Online through Farmers
Why USAA tops our best list
With its high marks for customer and claims satisfaction, USAA is a great choice for home insurance for those in the military and their family members. USAA’s base policy includes coverages that generally cost extra with other companies, and customers can earn discounts for being a loyal USAA member, and bundling their home and auto insurance policies.
How to get a quote
Online through USAA
American Family's status as the 7th largest home insurance provider in the U.S. speaks to its popularity and reputation. Our fave perk? Its diminishing deductible program that lets you earn credits for every year you go without filing a claim.
Pros
Unique coverage add-ons, like matching siding insurance and hidden water damage coverage
Save up to 20% on home insurance and 29% on auto insurance for bundling the policies together
Earn a $100 credit toward your deductible for ever year you go without filing a claim
File claims online or on its mobile app — with 24/7 claims support
Cons
Doesn't offer extended or guaranteed replacement cost coverage
Above-average customer complaints according to the NAIC
Why American Family tops our best list
With its "diminishing deductible" program, American Family policyholders can earn a $100 credit toward their deductible every year they go without a claim. Throw in unique coverage add-ons like matching siding insurance and hidden water damage coverage, it’s no wonder Phoenix homeowners rely on American Family to keep their homes protected.
How to get a quote
Online through American Family
Why Allstate tops our best list
Allstate customers can get up to 25% off their home and auto insurance when they combine the two in a single policy package. In addition to a generous bundling discount, Allstate customers can also score lower rates by opting for autopay or going a certain number of years without filing a claim.
How to get a quote
Online through Policygenius and Allstate
Cheapest homeowners insurance companies by ZIP code in Phoenix
Looking at average home insurance costs for 15 of the most popular companies in Phoenix, we found that the cheapest home insurance in the city can be found in the 80537 ZIP code (Loveland) with USAA. The average USAA rate in this area is $855 per year — $1,200 less than the city average of $2,162 per year.
Homeowners in most areas of Phoenix are likely to have the cheapest rates with American Family and USAA, with rates up to $1,239 per year.
ZIP code | Company | Average yearly cost |
|---|---|---|
85003 | USAA | $1,041 |
85004 | USAA | $1,027 |
85006 | USAA | $1,041 |
85007 | USAA | $1,027 |
85008 | USAA | $1,041 |
85009 | USAA | $992 |
85012 | USAA | $1,025 |
85013 | USAA | $1,008 |
85014 | USAA | $1,041 |
85015 | USAA | $996 |
85016 | USAA | $1,104 |
85017 | USAA | $1,039 |
85018 | USAA | $1,104 |
85019 | USAA | $1,026 |
85020 | USAA | $1,014 |
85021 | USAA | $926 |
85022 | USAA | $886 |
85023 | USAA | $864 |
85024 | USAA | $958 |
85025 | USAA | $879 |
85026 | USAA | $879 |
85027 | USAA | $930 |
85028 | USAA | $1,031 |
85029 | USAA | $954 |
85031 | USAA | $925 |
85032 | USAA | $978 |
85033 | USAA | $923 |
85034 | USAA | $1,041 |
85035 | USAA | $888 |
85037 | USAA | $855 |
85039 | USAA | $855 |
85040 | USAA | $992 |
85041 | USAA | $1,043 |
85042 | American Family | $1,231 |
85043 | USAA | $897 |
85044 | USAA | $892 |
85045 | USAA | $1,205 |
85048 | American Family | $1,231 |
85050 | USAA | $1,122 |
85051 | USAA | $995 |
85053 | USAA | $902 |
85054 | USAA | $1,122 |
85065 | USAA | $1,122 |
85073 | USAA | $1,122 |
85083 | USAA | $1,086 |
85085 | American Family | $1,189 |
85097 | Auto-Owners Insurance | $1,036 |
85254 | USAA | $986 |
85310 | USAA | $938 |
85331 | Auto-Owners Insurance | $1,073 |
85353 | USAA | $863 |
The most affordable areas for homeowners insurance in Phoenix
With an average home insurance rate of $1,760 per year, the 85083 ZIP code (Peoria Preserve) is the most affordable area for home insurance in Phoenix. Median home values of $650,000 make this one of the most affordable neighborhoods to live in the city.
ZIP code | Average yearly cost |
|---|---|
85083 | $1,760 |
85310 | $1,762 |
85085 | $1,782 |
85331 | $1,802 |
85353 | $1,805 |
The most expensive areas for homeowners insurance in Phoenix
With an average home insurance rate of $2,544, the 85019 ZIP code (Alhambra) is the most expensive area for home insurance in Phoenix.
ZIP code | Average yearly cost |
|---|---|
85019 | $2,544 |
85017 | $2,530 |
85031 | $2,470 |
85008 | $2,422 |
85065 | $2,421 |
Shopping for homeowners insurance in Phoenix
With so many options to choose from, shopping for the right home insurance may seem like somewhat of a time-consuming task. But with the help of the experts at Policygenius, you'll be on your way to comparing quotes from multiple top companies in no time.
In this section, we break down the average annual home insurance rates in Phoenix for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies for dog and pool owners, and those with a low credit score.
Phoenix home insurance costs by coverage amounts
Dwelling coverage is the section of your homeowners insurance that pays to repair or rebuild your home from the ground up after a covered loss.
Phoenix homes with a dwelling coverage limit of $500,000 pay an average of $271 each month for home insurance — over $90 higher than the city average.
Dwelling coverage amount | Average yearly cost |
|---|---|
$100,000 | $1,125 |
$200,000 | $1,632 |
$300,000 | $2,162 |
$400,000 | $2,688 |
$500,000 | $3,253 |
Personal liability coverage is the segment of your home insurance policy that pays for medical, legal, or repair bills if you are found legally responsible for an injury or property damage.
Liability coverage amount | Average yearly cost |
|---|---|
$100,000 | $2,221 |
$200,000 | $2,058 |
$300,000 | $2,162 |
$400,000 | $1,162 |
$500,000 | $2,261 |
Phoenix home insurance costs by deductible amount
Your deductible is the amount you’re responsible for paying before your home insurance will begin to pay toward a covered claim.
A lower deductible means higher home insurance rates, but out-of-pocket expenses after a covered loss. Phoenix residents can save over $300 on their home insurance policy by choosing a $1,000 deductible over the $500 option.
Deductible amount | Average yearly cost |
|---|---|
$500 | $2,491 |
$1,000 | $2,162 |
$2,000 | $2,316 |
Home insurance discounts in Phoenix
Having safety features installed in your home, like deadbolt locks and home security systems, are a great way to protect your house and earn discounts on your premiums.
Here is the average annual rate and average discount percentage for homes in Phoenix with deadbolts, smoke alarms, or burglar alarms.
Discount | Average yearly cost |
|---|---|
Dead bolt | $2,161 |
Smoke alarm | $2,161 |
Burglar alarm | $2,114 |
Home insurance companies in Phoenix for dog owners
If your insurance company considers your dog to be an aggressive breed, it may charge you higher rates due to the increased chance of attacks and liability claims.
But some insurance companies don't weigh this factor as heavily as others, so if you have a pit bull, Rottweiler, or another breed that's considered dangerous, make sure to shop around.
With an average rate of $1,019 per year, USAA has the cheapest home insurance rates in Phoenix for a home with a dangerous dog breed, while Farmers’ average yearly premium of $2,122 is the highest.
Company | Average yearly cost |
|---|---|
USAA | $1,019 |
American Family | $1,239 |
State Farm | $1,414 |
Allstate | $1,822 |
Farmers | $2,122 |
Home insurance companies in Phoenix for poor credit
Your credit score says a lot about you, such as whether you pay bills on time or how much credit you’ve been issued. But to insurance companies, a poor credit score can be an indicator of risky financial behavior and more frequent home insurance claims. For that reason, some insurers will charge you significantly more for home insurance if you have a low credit score.
With an average rate of $1,835 per year, USAA has the cheapest home insurance rates in Phoenix for a homeowner with poor credit, while Farmers’ average yearly premium of $3,048 is the highest.
Company | Average yearly cost |
|---|---|
USAA | $1,835 |
American Family | $2,123 |
State Farm | $2,422 |
Allstate | $2,683 |
Farmers | $3,048 |
Home insurance companies in Phoenix for pool owners
Swimming pools require tireless upkeep and maintenance to keep them looking and functioning their best, but Phoenix's frequent scorching hot days make it all worth the trouble. However, pool owners may also see higher home insurance rates, as insurance companies consider swimming pools to be an injury and liability risk.
With an average rate of $1,019 per year, USAA has the cheapest home insurance rates for Phoenix homes that have a swimming pool, while Farmers has the most expensive rates at $2,122 per year.
Company | Average yearly cost |
|---|---|
USAA | $1,019 |
American Family | $1,244 |
State Farm | $1,414 |
Allstate | $1,822 |
Farmers | $2,122 |
How to buy homeowners insurance in Phoenix
Here are some easy steps to take as you shop for home insurance in Phoenix:
Reach out to a licensed Policygenius agent. We’re here to help! Our team of home insurance experts can help you find the best coverage at a price that suits your budget.
Ask if you should purchase additional personal liability coverage. If you have a pool and it attracts frequent houseguests, ask a Policygenius agent about adding additional liability coverage to your policy to be on the safe side.
Figure out if you need a $500 or $2,000 deductible. A lower deductible means you’ll pay more for home insurance, but you’ll also pay less out of pocket on each claim. A Policygenius agent can help you pick out a deductible that works best for you.
Compare quotes from a Policygenius agent. Once you’ve determined which coverage options work best for you, one of our licensed Policygenius agents can send over quotes from several top companies for you to compare.
Sign the policy, and pay your first premium. Policygenius will handle all of the paperwork for you, including canceling your old policy if it isn’t expired yet. All that’s left to do is sign and pay your first premium.
Frequently asked questions
What is the average home insurance cost in Phoenix?
The average home insurance rate in Phoenix is $2,162 a year or $180 a month. That’s about $22 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.
