- Best condo insurance companies in Arizona
- Average condo insurance cost in Arizona
- Condo insurance rates in Arizona by company and coverage level
- Condo insurance rates by company in Arizona
- Compare condo insurance rates by city in Arizona
- Methodology
- FAQ
- Compare Arizona condo insurance rates with other states
Best condo insurance companies in Arizona
There are many companies offering condo insurance coverage in Arizona. State Farm is the best condo insurance company in Arizona based on our analysis. Our insurance experts reviewed prices and ratings from trusted sources like the National Association of Insurance Commissioners (NAIC) and AM Best.
Based on our research, here are the best condo insurance companies in Arizona.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| State Farm | $494 | A+ | 1.15 | |
| Nationwide | $791 | A | 1.34 | |
| Allstate | $1,356 | A+ | 1.26 | |
| Farmers | $1,380 | A | 0.89 | |
| Travelers | $1,988 | A++ | 0.91 | |
| American Family | $1,696 | A | 1.07 | |
| USAA | $843 | A++ | 0.46 |
Average condo insurance cost in Arizona
The average cost of condo insurance in Arizona is $1,102 per year or $92 per month for $60,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To find the cheapest company for you, compare quotes from multiple insurance providers and choose the coverage that fits your needs.
| Average annual premium | $1,102 |
| Average monthly premium | $92 |
Condo insurance rates in Arizona by company and coverage level
State Farm provides the lowest condo insurance rates in Arizona for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is Nationwide at $791 per year. However, prices will vary depending on the coverage level you choose.
The table below shows condo insurance rates from top companies at different 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 | $434 | $447 | $482 | $494 | $516 | $528 | $548 | $561 |
| Nationwide | $673 | $683 | $778 | $791 | $883 | $900 | $981 | $1,001 |
| Allstate | $1,147 | $1,172 | $1,331 | $1,356 | $1,487 | $1,512 | $1,617 | $1,643 |
| Farmers | $1,183 | $1,265 | $1,299 | $1,380 | $1,412 | $1,493 | $1,508 | $1,590 |
| American Family | $1,472 | $1,522 | $1,642 | $1,696 | $1,771 | $1,828 | $1,878 | $1,936 |
| Travelers | $1,927 | $1,955 | $2,214 | $2,247 | $2,447 | $2,485 | $2,747 | $2,794 |
| USAA | $771 | $771 | $843 | $843 | $905 | $905 | $955 | $955 |
Condo insurance rates by company in Arizona
The cheapest option is State Farm, followed by Nationwide and Allstate as the second and third most affordable choices. However, condo insurance rates in Arizona vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Arizona.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $494 | $41 |
| Nationwide | $791 | $66 |
| Allstate | $1,356 | $113 |
| Farmers | $1,380 | $115 |
| American Family | $1,696 | $141 |
| Travelers | $2,247 | $187 |
| USAA | $843 | $70 |
Compare condo insurance rates by city in Arizona
Condo insurance rates vary by city. Factors like weather, crime rates and property values all play a role in pricing. To find the cheapest and best condo insurance in your city in Arizona, consider these factors and compare quotes from different insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Arizona?
No, condo insurance is not require by law in Arizona, but your mortgage company will require it.
What does condo insurance typically cover in Arizona?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Arizona?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
