GITNUX MARKETDATA REPORT 2024

Statistics About The Average Home Insurance Cost In Arizona

The average annual home insurance cost in Arizona is $803, which is below the national average.

In this post, we explore the various statistics surrounding the average cost of home insurance in Arizona. From the overall average of $843 annually to the disparities between different providers, we delve into the factors influencing homeowners insurance rates in the Grand Canyon State.

Statistic 1

"The average cost of home insurance in Arizona is around $843 per year."

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Statistic 2

"Arizona homeowners pay around 32% less for home insurance than the national average."

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Statistic 3

"The cheapest homeowners insurance in Arizona is provided by Universal North America, at an average cost of $595 annually."

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Statistic 4

"The most expensive homeowners insurance in Arizona is by Chubb, with an average cost of $1,445 annually."

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Statistic 5

"Home insurance costs in Arizona can range from $602 to $1,186 per year."

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Statistic 6

"For a $250,000 dwelling with a $1,000 deductible and $100,000 liability limits, the average rate for homeowners insurance in Arizona is $810 annually."

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Statistic 7

"Over 64% of homes in Arizona have homeowners insurance."

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Statistic 8

"The average cost of homeowners insurance in Maricopa county, the most populous county in Arizona, is approximately $835."

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Statistic 9

"In Coconino county, the average homeowners insurance premium is approximately $684 annually."

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Statistic 10

"In terms of average home insurance rates, Arizona ranks 9th best in the U.S."

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Statistic 11

"Due to lack of natural disasters, homeowners insurance in Arizona is cheaper compared to other U.S. states."

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Statistic 12

"In Flagstaff, a city in northern Arizona, the average annual homeowners insurance rate is approximately $842."

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Statistic 13

"Homeowners in Phoenix, the capital of Arizona, pay an average of $838 per year for homeowners insurance."

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In conclusion, the statistics reveal that the average cost of home insurance in Arizona is relatively low compared to the national average, with costs ranging from $602 to $1,186 per year. Arizona homeowners benefit from a variety of options in terms of insurance providers, from the cheapest option with Universal North America to the most expensive with Chubb. The state’s average ranking for home insurance rates is among the best in the country, attributed to the lower risk of natural disasters in the region. Overall, the data underscores the affordability and availability of homeowners insurance in Arizona, particularly highlighting variations in costs across different counties and cities within the state.

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