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Getting Home Insurance in Phoenix

Home insurance in Phoenix helps protect against the unexpected — property damage from disasters like fires or windstorms and injuries to people who are visiting your home. When the unexpected does occur, your insurance can help pay to replace your personal belongings, rebuild your home, or stay in a hotel if you are displaced after a disaster. Under liability, it can also help cover the medical and legal bills of people physically harmed on your property, regardless of who was at fault.

The average cost varies widely from state to state. Arizona enjoys some of the lowest rates in the nation. The average premium is $642, lower than the U.S. average of $880 and the 11th cheapest in the state, according to the Insurance Information Institute.

Factors of Home Insurance Rates in Phoenix

Your own rate is determined by several factors. These include the type of construction, the age of the house, and the local fire protection, according to the Arizona Department of Insurance. In general, frame houses tend to cost more to insure than brick, new homes may quality for discounts while older homes may have limited coverage, and homes in areas without any fire protection, including fire departments and fire hydrants, will cost more to insure for fire damage. Arizona is also known for its wildfires, though the eastern part of the state is at greater risk.

Another major factor influencing insurance rates in Phoenix is crime. Areas that have high rates of theft, burglary, robbery, and vandalism could result in a higher premium, given the increased risk for these perils. Check out the following chart for an idea of Phoenix’s crime rates:

  Robbery Burglary Larceny-theft
2010 3,250 15,626 38,012
2009 3,757 16,281 39,643
2008 4,825 18,783 48,685

Additionally, Phoenix home owners may need to consider if their home is located in a historic district. Phoenix has several historic districts throughout the city, and a home in one of these areas might mean higher rates or limited coverage. According to BankRate.com, if the replacement cost coverage is too much for an insurance company to handle, it might charge a higher premium or not insure it at all. In these cases, you may want to look into a distinct program for historic homeowners that would cover the replacement cost of your home.

Home Insurance in Arizona


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