Arizona Homeowners Insurance

The average Arizona homeowners insurance rates for an HO-2 policy are $52/mo, and it provides the four main types of coverage: dwelling, other structures, personal belongings, and loss of use costs if you’re unable to use your home during repairs. If you need additional coverage, start comparison shopping here to find the best rates on your Arizona home insurance policy.

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Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Jul 16, 2021

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There are several different types of home insurance, but the most common, and the one that offers the most protection, is the HO-2 policy. This type of policy includes all perils that are not specifically excluded in the wording of the policy.

The average Arizona homeowners insurance rates for an HO-2 policy are $628/year ($52/mo). and provides the four main types of coverage:

  1. Dwelling
    This is the main type of coverage in a home insurance policy. The dwelling includes the home itself and any structures that are attached to the home.
  2. Other Structures
    Dwelling coverage is reinforced with protection for other structures on the property, which includes any structure that is not attached to the primary dwelling. For example, a guest cottage would be covered under this part of the policy.
  3. Personal Property
    Personal property is everything you own on the insured property. Appliances, stereo equipment, tools, jewelry and furniture are just some of the items covered. Most home insurance policies only provide a limited amount of personal property insurance by default, but you can increase this or purchase a separate personal property policy to get more coverage.
  4. Loss of Use
    If your home is severely damaged and cannot be used for a dwelling, the loos of use portion of your homeowners insurance will pay for temporary lodging and meals. Anything you have to purchase because your home is not habitable is covered, but you should save all of your receipts for the insurance company to prove what the loss of use is costing you.

Average Arizona Homeowner Insurance Rates vs. US

Source: USCB

Cheaper Arizona Home Insurance

  • Secure the Home
    The crime rate in Arizona is lower than the crime rate in some states, but it is still high enough to warrant installing a security system. Security alarms that are monitored off-site will save you money on your premiums, too.
  • Improve your Health
    Smoking is not only bad for your health, it introduces additional risk for insurance companies. When you quit smoking, you also reduce the risk of a house fire, and that means you save money for the insurance company, a savings that gets handed back to you as a discount.
  • Personal Variables
    Credit score is not everything, but it will have an effect on your home insurance premiums. People with a high credit score are regarded as being more financially stable, and that means less risky for insurance companies to write a policy for.

Home Characteristics Affecting Arizona Insurance Rates

One of the key factors in determining your home insurance rates is the size of the home. Most homeowner’s policies are written based on a price per square foot of the dwelling. The materials your home is built from are also a factor, with stone or brick being a less risky home to insure than one made out of wood. If the home is located in a zip code with a high crime rate, your premiums will also be higher, because insurance companies have to recoup potential losses in those locations. If your home has a pool, your premiums will increase, but you can install a security fence around the pool area to get some of that cost discounted. Pool fences are not required in all states, but they are in some.

Defending Your Home Against Crime & Vandalism

The crime rate in Arizona is higher than the national average. Arizona experiences 7.94 burglaries per 1000 people every year, and the national rate is 5.17 out of 1000. Your best defense is to have a security or alarm system installed, but putting up a fence around the property serves as a crime deterrent as well. In the end, there is no way to be certain your home will not be victimized, so have adequate personal property insurance in case the unexpected happens.

Local Natural Disasters Arizona Homeowners Should Consider Protecting Against

  • Earthquakes
    Arizona ranks 13 out of 51 for earthquake damages. This means that earthquakes are not common in the state, but they can happen. Earthquake coverage has to be purchased separately, but you should understand that paying the premiums on earthquake insurance for many years will not even be close to the amount that slight earthquake damage could you out-of-pocket if you choose not to have the coverage.
  • Flood
    121 claims in 2009 may not seem like much, especially when it is compared to the national total of 46,621, but you can never assume that your home will be spared from flooding. Keep in mind that water damage, which is included in a standard policy, and flood damage are two separate things. Water damage usually refers to damages that were caused by a water leak or other source, while flooding is defined as water that rises above its containment, such as a river overflowing its banks, or a levy bursting upstream from your home.
  • Hail
    Damage from hail can happen everywhere, and it can range from minor repairs to major damages. Review the personal property and dwelling portions of your policy to make sure that you are sufficiently covered. Waiting until a disaster strikes is not the time to discover your personal property is only insured for half of what it should be.
  • Hurricanes
    Arizona is not as likely to be struck by a hurricane or tropical storm as a state that is located along the coast. What damage the state does incur from this type of storm is usually covered under the wind damage portion of your insurance policy. The biggest concern Arizona homeowners need to worry about where hurricanes are concerned is the high likelihood of flooding as a result of torrential rains.
  • Tornadoes
    Arizona receives an average of 8 tornadoes per year, much lower than the 1,680 tornadoes the nation receives as a whole. Two of the main types of damage caused by tornadoes are wind damage and fire hazards, both of which are included in a standard home insurance policy.
  • Wildfires
    The arid climate throughout much of Arizona makes it a prime target for wildfires. 74,749 wildfires get started every year, nationwide, but are more frequent in dry states like Arizona. Fires are written into most standard home insurance policies, but it would serve you well to review your policy and make sure that you have sufficient fire coverage to repair or replace anything that gets damaged.

Arizona Homeowners Insurance Optional Coverage

If someone gets hurt while on your property, you will need liability umbrella insurance is used to cover liability damages across multiple types of insurance, such as providing you with $500,000 of umbrella coverage that can be used when you go above the limits set in your car and home insurance policies. Umbrella insurance covers you for a set amount, regardless of the number of claims it is used for. An umbrella policy is possibly the single most important option you choose for your home insurance policy.

Important Contact Information

Arizona Department of Insurance
2910 N 44th St
Phoenix, AZ 85018
Phone: (602) 364-2499
Website

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