If you didn’t already know, Arizona’s Urban Heart is extra hot these days — and we don’t just mean the weather. With a population of over 1 million bustling citizens, Phoenix is one of the most exciting cities to live in. It’s also one of the fastest-growing cities in the past few years, and it’s no surprise why. 

Phoenix has tons to offer, maybe you’re catching a baseball game at Chase Field, wandering around Mystery Castle, catching a view of the city at the Arizona State Fair or enjoying a nice fresh meal at the well-celebrated Farm at South Mountain. No matter what your interests are, you’ll have no shortage of fun and exciting activities in the Valley of the Sun. 

Whether you’re new to the city or have lived there for a while, there are several important home insurance factors to keep in mind. The crime rate is one of the highest in the country, which could affect your insurance rates. Homeowners should also be aware that temperature ranges on average from 45°F to 107°F throughout the year — meaning the weather can fluctuate rapidly. With lots of influx to this fine city, homeowners likely have a lot of questions about how to get the proper home insurance.

How much is homeowners insurance in Phoenix?

Illustration of three houses with green doors and smoke coming out of the chimney of one

Annual home insurance in Phoenix costs $1,869 on average. In comparison, the Arizona home insurance average is $927 and the national average is $1,200. For perspective, that’s the same as about 30 general admission tickets to a Cardinals game, Arizona’s football team.

Annual home insurance in Phoenix costs $1,869 — that’s the same as about 30 general admission tickets to a Cardinals game!

What factors influence my home insurance rate?

There are a few different factors that can affect your home insurance cost. Some key factors include the risk of natural disasters in your area, the state of your property, your credit history, and if you own pools or trampolines. 

Phoenix Home Insurance Premiums

What does home insurance in Phoenix cover? 

Your standard insurance policy will come in handy for residents of the Arizona state capital for things like dwelling, personal property (in the case of theft or damage) and liability in the event that someone is hurt on your property.  

Even though your home insurance policy will cover a lot, as a Phoenix resident, there are quite a few insurance riders that you could benefit from adding to your policy. Fire insurance is one example, which is highly recommended given the high wildfire risk the dry Arizona atmosphere can bring about. And with the monsoon season in Arizona lasting from June to September, flood insurance may be a good idea as well.

Phoenix Insurance Coverage Options

Traditional coverage


Supplemental coverage


Considerations for Phoenix residents

Even if you are new to Phoenix or have lived here your whole life, understanding your local community can bring you and your family more safety and comfort. With a crime rate of 40 per 1,000 residents, it’s a good idea to double-check that your home and its contents are protected from burglaries

Phoenix is also a popular place for second home purchases, from seniors looking to live out their retirement to younger couples buying up vacation homes. No matter which category you fall under, if you purchased a second home in Phoenix, you may want to consider shopping for second home insurance

Given this influx of second home purchases, Phoenix also has a high percentage of renters at about 46%. If you happen to fall under this category, your landlord may require you to provide proof of renters insurance

A lot of Phoenix residents live in condos or townhouses, in which case the Homeowners Association (HOA) may cover most damages or updates to common areas, but not insurance. However, if there are issues within your unit, the HOA will not cover all the costs. If you happen to live in a condo or townhouse, condo insurance is a good option to look into, because it can cover what your HOA may not.

How to lower your home insurance premium

With so many options of what to include in your insurance plan, here are some tips for how Phoenix dwellers can avoid their homeowner’s insurance making a dent in their wallets. The two biggest ways are by buying a new home and renovating. 

In terms of renovating your home, there’s a whole world of possibilities. Adding on some new features or installing smart home devices throughout the house are not only great ways to lower your premium, possibly your utilities, but they also increase your safety and comfort as well as your property value in the long run.

If you’re not sure where to start, consider the parts of your home that need some extra TLC. Adding on smart bathroom technology is a great place to start. Among all the spaces in your home, upgrading your bathroom has an extremely high return on investment. Another pro way to lower your policy is by xeriscaping or creating a low-maintenance lawn using rocks and native plants.

As the capital of Arizona and one of the fastest-growing cities in the country, there’s a lot to think about when it comes to homeowners insurance in Phoenix. Luckily, Hippo is here to make sure your insurance plan covers all your home needs. Give us a call today for your free quote.

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