Phoenix is a fantastic city. From the dry plains to the high peaks of the snow-covered mountains and everywhere in between, there’s a lot to love. Nicknamed The Valley of the Sun, it has a diverse culture to enjoy and a variety of landscapes to choose from when buying a home.
If you’re looking for home insurance in Phoenix, you may discover your average premium is slightly below the national average. Keep in mind that Arizona is no stranger to natural disasters, which can increase the cost of home insurance.
Insurify is your one-stop shop for home insurance in Phoenix. You can shop for a brand-new policy or compare rates for your existing coverage with one simple form.
Find the Best and Cheapest Home Insurance in Phoenix
How to Find Cheap Home Insurance in Phoenix
Buying a home is a significant investment. Homeowners insurance in Phoenix can protect your property and keep you and your family safe. But how do you find the best and cheapest home insurance in Phoenix, AZ?
To start, it’s best to understand the steps homeowners can take to minimize risk and protect their investment.
The first step to protecting your Phoenix property is homeowners insurance. Though not required by law, home insurance gives you and your family protection against financial liability from natural disasters or theft. It can cover your house and belongings, and different coverage levels are available to customize your coverage for various property types, locations, and other factors. And, if you have a mortgage, your lender will require you to carry a policy.
Keep reading for a full guide on Phoenix home insurance.
MORE ON ARIZONA HOME INSURANCE
For general information on Arizona home insurance, check out our guide to the best homeowners insurance in Arizona. For more city-specific information, here are our guides to Tucson homeowners insurance, Scottsdale homeowners insurance, and Mesa homeowners insurance.
Cheapest Home Insurance in Phoenix by Company
Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.
As of 2021, the average home insurance premium in the Phoenix area costs $1,803 annually, and the median home value is $283,594.
If you’re house shopping in Phoenix, you may struggle to find your perfect home because of the competitive housing market. Homes are listed for only 31 days on average, which means you don’t want to wait too long to make an offer if you find a home you like.
The struggle of the fast-moving housing market in Phoenix can make you appreciate homeownership even more. When you finally get the Phoenix house of your dreams, make sure to protect your investment with homeowners insurance.
How much you pay depends on several factors. Use the best home insurance comparison sites to review rates and get the best deal.
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Cheapest ZIP Codes in Phoenix for Home Insurance
Lower home prices in Phoenix can translate into cheaper home insurance rates. However, home prices can swing high or low depending on the real estate market, home availability, and the neighborhood you choose to live in. For instance, a similar home may have different listing prices in Mesa, Tempe, and Chandler.
Like property costs, average annual premiums for home insurance vary in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on our annual premiums.
Rates in Phoenix can be relatively high or low compared to the national average. It all depends on the area you live in.
Cut Phoenix Home Insurance Costs
Home Insurance Coverage Types in Phoenix
There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:
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Natural Disasters and Home Insurance in Phoenix
Phoenix is prone to several natural disasters, including dust storms, extreme heat, flooding, monsoons, and wildfires. Standard Arizona homeowners insurance policies can vary from one policy to the next. It’s important to review coverage options to make sure you have the liability protection you need.
For instance, while your homeowners insurance coverage may cover damage from dust storms and wildfires, flood damage is not a covered loss. A separate flood insurance policy from the National Flood Insurance Program can give you the additional coverage you need if you’re in a flood-prone area.
Mobile and Manufactured Home Coverage in Phoenix
Mobile and manufactured homes offer a lower-cost option on the path to homeownership, and there are nearly 85,000 manufactured homes in the Phoenix area. If you live in a mobile or manufactured home or are considering buying one, it’s essential to know that standard homeowners insurance doesn’t provide the coverage you need.
Instead, a mobile home insurance policy, or HO-7, is what you should look for. Some of the best homeowners insurance companies offer mobile and manufactured home insurance. You can quickly get an online quote to compare rates and coverage options.
Buying a house is stressful enough—don’t let insurance get in the way of enjoying your new home.
Phoenix Homeowners Insurance FAQ
Where can I find the cheapest home insurance in Phoenix?
Insurance costs can put significant pressure on your finances. To find the cheapest home insurance in Phoenix, review home insurance quotes to compare coverage options and prices. Opting for a lower deductible can help you save money on your premiums. You may also consider bundling your policies to get a cheaper average annual premium.
Is bundling available for Arizona home insurance?
A typical American family can lower their average cost when bundling home and auto insurance policies. Many home insurance companies offer a multi-policy discount when you combine insurance products such as home, motorcycle, or car insurance. While larger insurers, like State Farm and Allstate, offer bundling, your local agent may not. To get the best price, compare quotes when looking for a bundle deal.
What if my home is vacant?
Many northerners flock to Phoenix to escape the harsh winter months in their home states. If you live in Phoenix part-time, your insurer may not cover a home insurance claim when your home is vacant. Contact your local agent if you intend to leave your home unoccupied for part of the year.
How to Find the Cheapest Home Insurance in Phoenix
Finding cheap home insurance in Phoenix is easier than you think. Phoenix insurers generally offer policies below the national average, though your premiums can vary. Just remember that the cheapest policy may not be the best policy.
To make sure you get the coverage you need, use Insurify to compare home insurance premiums for your property in Phoenix.
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