Best Homeowners Insurance In Arizona For 2024

In Arizona, Chubb offers the most affordable home insurance, with an average premium of $1,362 annually, which is below the state’s average price.

In Arizona, Chubb provides affordable home insurance designed for high-value homes without cutting corners on coverage. Chubb’s strong financial standing and excellent customer service accompany low premiums and extended replacement cost coverage, ensuring items are repaired or replaced, even if they’ve lost value.

Farmers doesn’t just rank highly for the perks it provides; it also scores well for its “online experience,” thanks to its clear communication of these perks and discounts to current and prospective policyholders. Some perks include:

• Claim Forgiveness: Once you’ve been claim-free for five years, filing a claim won’t increase your premiums.
• Declining Deductible: Earn $50 per year toward your home insurance deductible for every active year of your policy.
• Guaranteed Replacement Cost: Farmers will pay to rebuild your home at full value, no matter the cost.
• Claim-Free Discount: Qualify for a home insurance discount after three years without filing a claim.
• Multi-Policy Savings: Bundle multiple policies with Farmers to save up to 34% on your home insurance.

The 9.3/10 overall score for Farmers considers its low customer satisfaction ratings in policyholder service from J.D. Power.

We rated State Farm as the best overall choice, thanks to its solid agent presence across Arizona, high customer satisfaction scores, and affordable premiums. Its top J.D. Power ratings for service are critical, especially considering the extensive agent and claims adjuster support available after a tornado or other severe storm.

State Farm allows you to start with a standard homeowners policy and customize it with extra coverage to meet your needs. Options include protection for rebuilding to comply with new laws, identity theft coverage, and insurance for valuables such as jewelry or collectibles. AM Best has awarded State Farm an A++, the highest financial strength rating.

The process of getting a State Farm quote can be initiated online, but to finalize and purchase a policy, you’ll need to work with a local agent. Customers can easily access their accounts, file claims, and enroll in paperless billing via the app or website. The website also includes a resource library full of insurance-related information.

Nationwide’s A+ (Superior) financial strength rating from AM Best is impressive, but its customer satisfaction scores are low, with many negative online reviews from policyholders. The company has a solid agent presence in Arizona with numerous local offices.

Nationwide’s standard home insurance policy comes with coverage that many other companies don’t offer, like protection against credit card fraud and the ability to rebuild to meet stricter building codes.

You can also personalize your policy with features like Better Roof Replacement, which will pay for better roofing materials when replacement is required after a qualifying event.

The Brand New Belongings feature provides coverage for replacing damaged or destroyed items. You’ll be reimbursed for their depreciated value, and after purchasing new ones, you can submit the receipts to Nationwide to get reimbursed for the difference.

Allstate’s 11 home insurance discounts greatly exceed the industry average of seven. As an analyst, I find that some of these discounts are particularly unique in the market.

Allstate gives discounts like:

Claims forgiveness: Coverage that stops your premium from increasing after you file a claim.
Claims-free: Earn 5% back each year you remain claims-free.
Deductible reward: Get $100 off your deductible when you sign up.
Bundle: Combine your home and auto policies to save up to 25%.
Automatic payment: Save up to 5% by enrolling in automatic payments.
Loyalty: Earn up to 10% for renewing your policy with Allstate.
Home buyer: Discount for those who recently purchased a home.
New home: Discount for insuring a newly constructed home.
Responsible payment: Extra savings for keeping a good payment record.
Early payment: Save up to 10% when you purchase a new policy at least seven days before the current one expires.
Protective device: Discount for installing theft or fire protection devices.

Allstate offers nine optional coverage types for homeowners, nearly twice the industry average of five. Apart from the usual options like ID theft and scheduled personal property, Allstate provides special yard and garden insurance, enhancing coverage for landscaping and riding mowers.