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If you own a condo, it is important to have the best condo insurance. This type of insurance will protect your home and belongings in case of a disaster or other event. In addition to protecting your belongings from damage or destruction, condo insurance also provides liability coverage that could provide protection in the event of an accident.

Condo insurance is a great way to protect your investment from any potential damage. It covers your condo's interior structure, belongings that are not covered by your homeowners association (HOA) insurance policy.

This guide will help you know about the best condo insurance companies in Arizona, also find out the least and most expensive zip codes for Arizona condo owners. Use this resource to find the most affordable condo insurance company in Arizona under your budget.

KEY TAKEAWAYS
  • Condo owners in Arizona pay an average of $761 per year or $63 per month in condo(HO6) insurance.
  • Amco is the cheapest condo insurance company in Arizona at only $325 per year.

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, J.D Power score and customer satisfaction rating of all the major insurers across Arizona. Below are the best condo insurance companies in Arizona based on Insurance.com's analysis.

  • USAA
  • State Farm
  • American Family
  • Allstate
  • Farmers

Compare best condo insurance companies in Arizona

USAA is our top pick for the best condo insurance company in Arizona. It has earned 882 scores out of 1000 from J.D. Power, the highest among the carriers surveyed. Although, USAA offers condo insurance only for members of the military and their families. Apart from USAA, State Farm can be your best bet for condo insurance in Arizona. It has received 835 scores out of 1000 from J.D. Power and an A++ rating from AM Best.

Buying condo insurance is different from getting a standard homeowners insurance policy. Condo insurance and single-family homeowners insurance seem to be the same thing. Just like a traditional home insurance policy, condominium insurance covers-

  • Personal property coverage- This covers your personal belongings such as furniture, electronics, clothing, and jewelry.
  • Liability protection- This provides protection if someone is hurt or injured on your property, or you damage someone else's property.
  • Dwelling coverage- It protects the building itself and any structures in it.
CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
American Family831A
Allstate829A+
Farmers813A
Nationwide812A+
Safeco810A
Travelers800A++

Average cost of condo insurance in Arizona

The average cost of condo insurance in Arizona is $584 per year or $49 per month for $40,000 as personal property coverage with a $1,000 deductible and $100,000 in liability protection. However, rates can vary, based on the insurance company you choose and the zip code you live in.

If you are looking to buy a condominium, condo insurance is an important consideration. Not only does it provide coverage for common areas and appliances in the building but also provides protection for personal belongings and the interior of the unit against damage caused by fire or theft, vandalism, or natural disasters.

Investing in a condo is one of the largest investments you'll make in your lifetime. Therefore, it makes sense to protect this investment with condo insurance.

Average annual premiumAverage monthly premium
$584$49

CONDO INSURANCE CALCULATOR

Average condo insurance rates in ARIZONA

$60,000
$1,000
$100,000
85009 - Phoenix
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $791

HIGHEST RATE: $3,653 LOWEST RATE: $297

Most & least expensive zip codes for condo insurance in Arizona

Most Expensive

Zip CodeCityHighest Rate
85014Phoenix$842
85016Phoenix$842
85018Phoenix$833
85012Phoenix$826

Least Expensive

Zip CodeCityLowest Rate
85614Green Valley$556
85390Wickenburg$557
85375Sun City West$558
86016Cameron$562

Condo insurance rates by companies in Arizona

Based on Insurance.com's rate analysis, Amco is the cheapest condo insurance company among the carriers surveyed. Its average annual premium is $325---$259 less than the state average ($584). Apart from Amco, Allstate, Farmers, and Nationwide are the other top three cheap insurance companies in Arizona for condo insurance.

Condo insurance rates can vary based on where you live, how much liability protection you need and how comprehensive your condo insurance coverage is. In order to find the perfect condo insurance policy, it's important that you get a number of quotes and compare rates. This is one of the best ways to get a great condo insurance policy in Arizona.

Below is the list of best condo insurance providers and their average annual premium for Arizona residents.

CompanyAverage annual premium
Amco$325
Allstate$333
Farmers$388
Nationwide$496
Travelers$507
State Farm$521
USAA$572
American Family$640
Garrison$689
Safeco$696

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