Best homeowners insurance in Phoenix, AZ for 2022

We looked at average costs, coverage availability, and customer satisfaction ratings to find the best homeowners insurance companies in Phoenix.

Gianetta Palmer

By

Gianetta Palmer

Gianetta Palmer

Freelance contributor

Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

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By

Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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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. 

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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. 

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

State Farm

State Farm logo

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

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

Farmers logo

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

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

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

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

American Family logo

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

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

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

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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:

  1. 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. 

  2. 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.

  3. 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.

  4. 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.

  5. 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.

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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.

Methodology

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.

Author

Freelance contributor

Gianetta Palmer

Freelance contributor

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Gianetta Palmer is a freelance writer who lives in the Georgia mountains. Her writing on health and car insurance, has appeared on numerous sites.

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