Best condo insurance companies in Arizona
In Arizona, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, scores, and ratings from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for major insurance companies in Arizona. Below are the best condo insurance companies in Arizona based on Insurance.com’s analysis.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| American Family | $984 | A | 0.37 | |
| Farmers | $1,004 | A | 0.54 | |
| Allstate | $847 | A+ | 0.90 | |
| State Farm | $509 | A++ | 0.95 | |
| Nationwide | $773 | A+ | 0.87 | |
| Travelers | $1,565 | A++ | 0.54 |
Average cost of condo insurance in Arizona
The average cost of condo insurance in Arizona is $892 a year or $74 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.
To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.
| Average annual premium | Average monthly premium |
|---|---|
| $892 | $74 |
Condo insurance calculator
Average condo insurance rates in ArizonaMost & least expensive ZIP codes for condo insurance in Arizona
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 85931 | Forest Lakes | $1,259 |
| 85006 | Phoenix | $1,157 |
| 85013 | Phoenix | $1,146 |
| 85014 | Phoenix | $1,132 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 85342 | Morristown | $714 |
| 85390 | Wickenburg | $716 |
| 85361 | Wittmann | $727 |
| 85348 | Salome | $739 |
Condo insurance rates in Arizona by coverage level
Based on a rate study by Insurance.com, State Farm provides the lowest condo insurance rates in Arizona based on our standard coverage sample of $60,000 for personal property coverage, $300,000 for liability coverage and a $1,000 deductible.
Nationwide is the next cheapest option, offering low-cost condo insurance in Arizona at $773 per year. However, rates vary by coverage level.
The table below shows condo insurance rates from several top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| State Farm | $445 | $457 | $497 | $509 | $535 | $547 | $570 | $582 |
| Nationwide | $640 | $652 | $758 | $773 | $877 | $896 | $991 | $1,014 |
| USAA | $761 | $761 | $840 | $840 | $909 | $909 | $967 | $967 |
| Allstate | $707 | $731 | $823 | $847 | $922 | $946 | $1,004 | $1,028 |
| American Family | $865 | $882 | $965 | $984 | $1,047 | $1,067 | $1,115 | $1,135 |
| Farmers | $863 | $920 | $947 | $1,004 | $1,030 | $1,087 | $1,101 | $1,158 |
| Travelers | $1,321 | $1,356 | $1,523 | $1,565 | $1,696 | $1,744 | $1,926 | $1,983 |
Condo insurance rates by company in Arizona
Rates for condo insurance by company in Arizona vary. It’s important to shop around and compare quotes to find the best price.
In the table below, you’ll see condo insurance rates for major companies in Arizona. The cheapest company for condo insurance in Arizona is State Farm. Nationwide and Allstate are the second and third cheapest options.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| State Farm | $509 | $42 |
| Nationwide | $773 | $64 |
| USAA | $840 | $70 |
| Allstate | $847 | $71 |
| American Family | $984 | $82 |
| Farmers | $1,004 | $84 |
| Travelers | $1,565 | $130 |
Compare condo insurance rates by city in Arizona
Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Arizona.
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2023 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2024.
Compare Arizona condo insurance rates with other states
Helpful home insurance tools and calculators
You might also be interested in- Best and cheapest non-owner car insurance in Arizona
- Arkansas gap insurance: Everything you need to know
- Low-income car insurance in Arizona
- Arizona car insurance guide
- Cheapest car insurance for high-risk drivers in Arizona
- Cheapest home and auto insurance bundle in Arizona
- Best cheap car insurance in Arizona for 2024
- Best and cheapest renters insurance in Arizona
- Best and cheapest home insurance in Arizona for 2024