How to find affordable homeowners insurance in Phoenix
Home insurance is an important part of owning a home. Along with your personal belongings, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. With the relative frequency of such events — and the high cost of rebuilding or repairing a home — getting homeowners coverage is a sound investment. A homeowners insurance policy in Phoenix, Arizona costs, on average, $123 per month. This is slightly more than the national average cost of home insurance.
What you pay for homeowners insurance depends on many factors. This can include the overall value of your house, the value of your personal belongings, and the materials that were used when building your home. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils like frozen pipes, hail, windstorms, or wildfires, home insurance rates may be higher to account for the extra risk. Discover more info about what your homeowners insurance policy covers.
Finding the cheapest home insurance in Phoenix starts with shopping around and comparing policies. Have a look at the summary below comparing average Phoenix homeowners insurance costs to ensure you start your search with as much background info as possible. Remember: your rates may vary based on your coverage limits and other factors considered by home insurers.
Table of contents:
- Rates by insurer
- Rates by coverage amount
- Rates by ZIP code
- Rates by deductible amount
- Policy bundling savings
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Phoenix home insurance by company
What you pay for homeowners insurance in Phoenix will depend on the insurance company you get your policy through. The most affordable home insurance in Phoenix is CSAA offering average annual rates at just $874 per year. This is considerably cheaper than the city’s average homeowners premium of $1,479.
Begin your search for a home insurance policy by reviewing the cheapest companies in Phoenix, Arizona, listed below. Then, see our guide discussing the best homeowners insurers ranked by customer satisfaction, third-party ratings, and other factors.Â
AFFORDABLE HOME INSURERS IN PHOENIX
| Company | Average Annual Rate |
| CSAA | $874 |
| State Farm | $1,012 |
| Liberty Mutual | $1,021 |
| USAA | $1,150 |
| Iowa Farm Bureau | $1,153 |
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Phoenix homeowners insurance prices by coverage level
The amount of homeowners coverage you select has an impact on your insurance rates. Homeowners in Phoenix who carry $200K in dwelling coverage pay an average of $1,374 per year, while those with coverage up to $400K pay around $2,137 per year.
POPULAR COVERAGE LIMITS IN PHOENIX
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $814 |
| $200K Dwelling | $1,374 |
| $250K Dwelling | $1,496 |
| $400K Dwelling | $2,137 |
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Phoenix home insurance rates by ZIP code
Depending on the part of Phoenix you live in, you may see a dramatic difference in your home insurance costs. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, the neighborhood you live in can drastically impact your home insurance rates.
If you're looking for the cheapest homeowners coverage in Phoenix, take a look at the 85087 ZIP code. In the 85087 area, homeowners coverage usually costs just $1,194 per year, which is a full $285 less than the Phoenix average. Find the best places to live in Phoenix for cheap home insurance by looking at the table below.
AFFORDABLE HOME INSURANCE AREAS IN PHOENIX
| ZIP Code | Average Annual Home Insurance Rate |
| 85087 | $1,194 |
| 85338 | $1,206 |
| 85296 | $1,207 |
On the other hand, some areas of Phoenix face higher homeowners insurance costs, on average. These areas could be more prone to perils such as theft, severe weather, or fires that present more risk for insurance companies. One of the costliest ZIP codes for home insurance in Phoenix is 85003, with an annual average rate of $1,830.
EXPENSIVE HOME INSURANCE AREAS IN PHOENIX
| ZIP Code | Average Annual Home Insurance Rate |
| 85003 | $1,830 |
| 85019 | $1,823 |
| 85017 | $1,818 |
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Phoenix homeowners insurance deductibles
Homeowners have numerous choices to make when shopping for a homeowners policy, including how much their deductible should be. A deductible is an amount for which a homeowner is responsible before the insurer will cover a claim. Where you set your deductible can be a large factor in determining your insurance premiums.
When picking a deductible, keep in mind that the higher your deductible is, the lower your premiums will be. As such, if you want your insurance rates to remain low, aim for a higher deductible. Remember that your homeowners deductible should not be so high that you would struggle to pay it in the event of a loss.
Below you'll find some standard deductible options offered by most home insurance companies as well as with corresponding average insurance premiums.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN PHOENIX
| Deductible Level | Average Annual Homeowners Insurance Rate |
| $500 | $1,650 |
| $1,000 | $1,496 |
| $1,500 | $1,421 |
| $2,000 | $1,345 |
| $5,000 | $1,129 |
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Home and auto insurance bundling in Phoenix
If saving money is your primary concern, you might purchase insurance for your home and auto through the same insurance company. Bundling your homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in Phoenix lead to average annual savings of 16%.
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN PHOENIX
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| GEICO | $1,060 |
| USAA | $1,138 |
| American Family | $1,354 |
| Progressive | $1,381 |
| State Farm | $1,386 |
Compare quotes on Phoenix, AZ home insurance today!
About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.