GITNUX MARKETDATA REPORT 2024
Statistics About The Average Cost Of Renters Insurance In Arizona
The average cost of renters insurance in Arizona is approximately $185 per year.
In this post, we will explore the average cost of renters insurance in Arizona, shedding light on various statistics and factors that influence premium rates in the state. From the typical cost for standard coverage to the impact of personal factors and location, we will provide valuable insights for renters in Arizona looking to protect their belongings and liability risks.
In conclusion, renters insurance costs in Arizona can vary significantly based on a multitude of factors, with the average monthly cost hovering around $16. Personal factors such as smoking status, credit score, and bundling options can all influence premiums, while location within Arizona can also impact rates, such as the slightly higher costs in the Phoenix metro area. New renters may face higher initial premiums, but potential savings can be found through bundling and exploring different coverage options. Property theft and water damage claim rates in Arizona play significant roles in insurance costs, with pet ownership and additional coverage choices adding to monthly expenses. Despite being ranked as the 31st most expensive state for renters insurance in the US, Arizona maintains a lower-than-national average fire-related claim rate, which can positively affect insurance costs for renters in the state.
Jannik Lindner
Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.
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