Who Has the Cheapest Homeowners Insurance Quotes in Arizona?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Residents will tell you there’s no place like Arizona, which is why millions of people make their home there despite the desert climate (or perhaps because of it). Yet there are also unique risks to living in Arizona, including wind damage, the tearing of the elements, and perhaps most notably fires which can damage your home. For these reasons, we recommend every homeowner prepare themselves an insurance policy that can cover them in the event of the worst. To help this process along, we researched the cheapest options in the state.

Here are the four cheapest homeowners insurance providers operating in Arizona:

The Four Cheapest Quotes:

Homes differ in style, structure, and risk all throughout the state of Arizona, so your rate might differ from what’s listed below. We ask that you use the following information as a general guide and not as an encyclopedia.

The number listed next to each provider is the average annual rate for a standard policy.

1) Nationwide: $798

The cheapest option in Arizona by quite a margin, Nationwide will be the perfect choice for those looking for a basic policy as well as those looking for a customizable one. With them, you’ll likely be able to modify your coverages and more, and they’re known for providing strong levels of coverage across the board.

Where the price can go up for homeowners is in the optional coverages, which while great can also be more expensive than what other providers would ask for them. You may also rind rate spikes in certain areas, and a few people have noted some service slowdowns.

You can expect the following working with Nationwide:

  • A wide range of discounts available to lower your annual rate even further, including ones for bundling, getting protective measures, recently buying a home, and more.
  • An extremely competitive replacement plan, even given the price Nationwide offers.
  • A helpful team and a series of online guides and tools that will answer any questions you might have.

2) State Farm: $1041 

The second cheapest option in the state and a generally cheap option when it comes to insurance, State Farm is the country’s most popular homeowners insurance provider, and it’s easy to see why with their large network of agents and resources at their disposal. They will be able to provide you an adequate policy at a reasonable cost, and you can trust in their reliability no matter what events transpire.

Yet despite its popularity, or perhaps in part because of it, State Farm doesn’t have too many extra options or discounts to offer customers. If your home is special, different, or if you have particular concerns, you might be best served by another company. There also might be cheaper options for you if you know how to shop around and take the greatest advantage of discounts.

You can expect the following working with State Farm:

  • An online quoting system that is second to none and will give you all the information you likely need even before calling an agent or representative.
  • The benefits of working with one of the most stable and experienced insurance providers in the business.
  • A network of online resources that’s there to help answer any questions you might have and let you know more about your homeowners insurance policy.

3) Allstate: $1360

Not the cheapest option on this list, but still a strong option to look into (especially if you’re looking to bundle), Allstate is one of the most well-known insurance providers in the country and also one of the easiest to access online and via your phone. They have a modern experience that is designed to make every process easier for you and are constantly reviewing it to ensure that you always get that feeling.

What might not make you feel so great is their customer service experience, which has quite a few complaints against it. In particular, you may want to look out for slightly pushy agents (mostly regarding upgrades) or a slow response time, which can be damaging in an emergency.

What isn’t always so easy is the customer service experience they provide

You can expect the following working with Allstate:

  • Optional coverages such as those for water backup damage, business property, identity theft restoration, umbrella coverage, scheduled personal property coverage, and more.
  • Reliability and relative transparency in all its practices.
  • Plenty of discounts available and opportunities to lower your annual rate.

4) Farmers: $2056

The most expensive option on this list, but not without its benefits, Farmers is well known for its excellent home insurance and would be a great option for most people if not for its high average annual rate in Arizona. A fantastic choice for new homeowners, the ecologically conscious, and those who are looking for customization options, Farmers might be your best bet if you know what you want and know that Farmers can give it to you. Just see if there’s a cheaper alternative first.

As far as some ratings go, however, Farmers isn’t the greatest. They have average customer satisfaction rates, with some people complaining about rate spikes, poor responses, and a myriad of other issues.

You can expect the following working with Farmers:

  • A history of reliability and good service behind it, with friendly and helpful agents to match.
  • Discounts for new homeowners, recent renovations, bundling, and more, perhaps making them affordable for your family after all.
  • Declining deductibles and claim forgiveness for customers who make infrequent claims.

Conclusion

Owning a home in Arizona can be worthwhile, but it can also be an ordeal if you are unprepared. We ask you to cancel out this risk by getting a homeowners insurance policy for your property. While nothing might happen this year or next, something will eventually happen that requires a claim, and you’ll find that the insurance was worth it in the long run. We hope that you manage to find the perfect policy, and know that with a little time and the above information, you’ll be able to move on to your next task, except with more peace of mind.