Best home insurance companies in Arizona
Many quality home insurance companies provide coverage to homeowners in Arizona, including national insurers like State Farm, Nationwide, Allstate, and Travelers.
The best insurer for your home might not be the largest, the cheapest, or the one with the highest customer satisfaction rating. Instead, the best home insurer is one offering a policy that provides the coverage you need at a premium that you can afford.
Below is a list of insurers working in Arizona. Review them based on the criteria that meet your needs.
Best insurer for cheap rates: Commonwealth Casualty
Average monthly cost: $77
Commonwealth Casualty Company is an insurance provider based in Phoenix and founded in 2010. It provides homeowners, automotive, and renters insurance policies. Its home insurance products include liability coverage for property damage, repair/rebuild coverage, and personal property coverage.
Based in Phoenix and may have a more detailed understanding of local claims risks than national insurers
Provides water backup protection coverage, service line coverage, and special computer coverage under its homeowners insurance policies
Offers nearly a dozen discounts, including multi-policy discounts and discounts for having protective devices, like fire alarms, installed in the home
Fewer than 20 years old, so it doesn’t have a long history of providing insurance products
Lacks coverage products for boats and recreational vehicles compared to other insurers, limiting opportunities to bundle
No online or mobile services; policyholders must call the company to file a claim and complete other tasks
Best large insurer: Liberty Mutual
Average monthly cost: $87
Liberty Mutual is the sixth-largest property and casualty insurer in the world, operating in 29 countries. In 2022, it received 805 out of 1,000 points in the J.D. Power U.S. Home Insurance Study.
A+ BBB rating and accreditation
An A financial strength rating according to A.M. Best, Moody’s, and Standard & Poor’s
Multiple homeowners discounts, including those specifically for new homes and newly renovated homes
Low J.D. Power ranking: In the 2022 study, it ranked 15th out of 21 insurers
1.5 out of 5 stars on BBB with an average of 929 customer reviews
NAIC Complaint Index of 2.22, which is a higher complaint index than some other larger insurers
Best for wildfire coverage: Amica
Amica’s Standard Choice policy provides coverage for property damage caused by fire and lightning. Based in Rhode Island, the company was founded in 1907.
Scored 840 out of 1,000 in the J.D. Power 2022 U.S. Home Insurance Study of Overall Customer Satisfaction
More than 100 years of experience offering fire insurance
One-third of policyholders have been with Amica for 20+ years
Its only Arizona office is located in Phoenix
Even though it offers nationwide coverage, it’s not one of the largest insurers by market share in the country
No independent agents, which could limit opportunities to comparison shop for Amica products
Best insurer for high-value homes: Travelers
Average monthly cost: $124
With more than 150 years of insurance experience, Travelers is a good choice for high-value home insurance in Arizona. It regularly ranks as one of Fortune’s “World’s Most Admired Companies” and provides insurance products across the U.S., U.K., Canada, and Ireland.
Offers expanded coverage for high-value homes
Exclusive discounts for employer, association, and credit union groups
Low J.D. Power Score: Achieved a 794 out of 1,000 rating in overall customer satisfaction for 2022, falling behind more than 20 competitors
Lower BBB Rating: An A, with 1.08 out of 5 stars
Higher average monthly costs
Best regional insurance company: Elite Insurance Group
Elite Insurance Group is located in Gilbert and provides homeowners, renters, and condo insurance. It claims an average annual rate reduction of 57% for its policyholders.
Limited company history and little information online
No way to file a claim online, no mobile app
Not centrally located for all state residents
To evaluate home insurance companies, Insurify data scientists and editorial team analyze multiple factors that reflect a company’s quality, reliability, and financial health. We consider industry ratings and information from sources like A.M. Best, Standard & Poor’s, Moody’s and Fitch, and J.D. Power. We evaluate customer service and satisfaction data, customer reviews, NAIC complaint indexes, claims payout rates, company reputation and proprietary quoting data.