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Homeowners Insurance in Arizona

Amy Danise

If you own property in Arizona, you want to have the right insurance for problems common in the state. In Arizona, this can include wildfires and flooding, which are related issues. Arizona wildfires can alter the landscape and ground, making areas more prone to flooding. And flood damage is typically not covered by a homeowners insurance policy.

How do I get flood insurance in Arizona?

In Arizona, you can buy flood insurance through the National Flood Insurance Program (NFIP) and some private insurers, such as Palomar Specialty and Wright National Flood.

What does Arizona homeowners insurance cover?

A typical policy in Arizona has six main coverage types:

  1. Dwelling coverage - for a house damaged or destroyed by a problem covered by the policy.
  2. Personal property coverage - for belongings (such as furniture and clothing) that are damaged or stolen.
  3. Other structures coverage - for damaged structures that are not attached to the house, such as a garage, storage shed and fences.
  4. Loss of use coverage - for additional living expenses such as hotel and restaurant bills if you can’t live at home due to damage covered by the policy.
  5. Personal liability coverage - in case you are legally responsible for someone else’s injury or property damage.
  6. Medical payments to others coverage - for medical bills of people hurt on your property and also injuries that happen away from home.

How much is Arizona home insurance?

The average yearly Arizona homeowners insurance premium is $803 for a typical policy, called an HO-3 policy, according to the National Association of Insurance Commissioners. That’s less than the nationwide average of $1,192.

20 largest Arizona homeowners insurance companies

Rank in Arizona Company Market share % in the state
1 State Farm 17.97
2 Farmers Insurance 13.01
3 USAA 8.7
4 Liberty Mutual 8.64
5 Allstate Corp. 8.64
6 American Family Insurance 8.1
7 Travelers 4.13
8 The Hartford 2.42
9 CSAA Insurance Exchange 2.21
10 Chubb 1.95
11 WT Holdings Inc. 1.73
12 Nationwide 1.6
13 Progressive 1.52
14 MetLife 1.22
15 Auto-Owners Insurance 1.22
16 Farm Bureau Financial Services 1.13
17 National General Holdings Corp 1.1
18 Munich Re 0.98
19 Global Indemnity 0.87
20 First American 0.86
Source: S&P Global Market Intelligence, based on homeowners multiple peril insurance market share in 2018.