Getting A Homeowners Insurance Quote In Arizona

If you're looking to buy a home in Arizona, chances are you'll need to get homeowners insurance before you sign the contract. Get an instant quote online from one of the many insurance companies that represent dozens of A+ rated companies. If you still have questions, find answers here.

Do I really need homeowners insurance?

Yes - if you are planning on owning a home in Arizona, you need to carry proper insurance coverage. There are a number of reasons why each homeowner needs to have proper insurance before signing for the house:

Today's real estate market is very competitive and buying a home without the required insurance can be challenging. Most financial institutions will require that you have proof of insurance before they agree to finance your purchase. And, if you're considering a VA or USDA loan, your lender will require that your property is insured by an approved insurer. That's why we've partnered with some of the most respected and trusted national insurance providers to provide our users with instant quotes on homeowners insurance in Arizona.

What is the correct policy to have?

Homeowners insurance policies since 2006 have been required by the Arizona Department of Insurance (ADI) to include coverage for mold, lead paint, and radon. Mold is a serious health concern in some homes and can be traced back to many sources. Lead paint is well known as a hazard throughout America. And, radon enters a home through the soil in some areas of Arizona and can cause serious illness. All of these are risks that come with owning a home or business in Arizona, and you should be aware of them before you purchase.

How much does homeowners insurance cost?

Liability Only - If you are not planning on having pricey valuables in your home, and want a very basic policy to protect yourself financially should something go wrong, a liability only policy will suffice. This is also called "Ordinance" coverage. In Arizona this can cost between $300 to $400/yr. Standard Coverage - If you have children and plan on having valuable items within your home, it is recommended that you purchase a standard homeowners policy. This will cover you in the event of theft or fire as well as provide added protection for expensive appliances and other electronics. Coverage for optional items such as jewelry and fine art will also be included. Coverage can cost from $500 per year to more than $2,000/yr depending on the value of your belongings and the number of floors in your home.

How much coverage do I need?

There is no hard and fast rule when it comes to purchasing enough insurance. Some people purchase a policy with limits that seem like a lot, but may not be enough to replace all of the valuables within their home. Others purchase a high liability limit for maximum protection. The best thing to do when determining a limit is to sit down and list all of the items you have within your home that are worth more than their price tag. You don't need to include every kitchen appliance, but instead focus on what would bring the highest amount in a sale. The next step is to consult with your agent and determine an appropriate limit for your situation.

Is my home covered for earthquakes?

The recent earthquakes in southern California caused many homeowners to realize that their insurance policies did not cover them against this type of disaster. If you are buying a home in Arizona, it's recommended that you purchase an earthquake policy. The ADI recommends that if your home is built before 1978, you should get a special coverage:

Earthquake Deductible: $5,000 per individual, and $10,000 for the first two floors of multi-family dwellings

Earthquake Loss Limit: $500,000

Non-Qualified Property Coverage: $75/sq ft for buildings constructed from 1978 or later.

What should I look out for when I apply?

It is important to remember that the insurance companies who will be providing you with quotes on homeowners policies are not affiliated with each other. This means that you will want to look out for the following:

You should look for an insurance company that offers affordable quotes and a good reputation. It is also important to know that not all companies offer the same levels of coverage. If you should come across one of these providers, it is recommended that you stay away from them and instead find a company who provides proper coverage for your situation. You can use our free quote service to find out which insurers are available in your area and what each has to offer.

What if I already own a home?

If you already own a home in Arizona, it is important that you keep your coverage current. Your agent will help you with your policy and make sure that your coverage is adequate for your situation.

You should also realize that if you own a home in another state and move to Arizona, the rules change slightly. Even if you plan on keeping the same house, make sure you find out how much it will cost to insure at your new location. You may be pleasantly surprised to find that things have gotten a bit cheaper in Arizona!

Can I get my claims paid instantly?

If you are concerned about having a quick settlement for damage done to your home, working with an independent insurance agent can help. They have direct access to insurance companies and can make the claims process very fast so that you can receive your money back in a timely manner.

How much does car insurance cost?

According to the U.S. Department of Transportation, average car insurance premiums in Arizona are among the highest in America. The following is a breakdown of what you should expect to pay:

Premiums vary by state, and are determined by a quota system that divides risk among all drivers in the state based on the number of miles driven. For example, an Arizona resident who drives more than 10,000 miles per year will receive his or her premium based on how much traffic is reported on average through their entire state. Lesser-traveled states like Alaska and North Dakota rank at the bottom of the list.

Motorcycle insurance costs are based on the bike's engine, age, and type of use.

What are some recommended deductible amounts?

The deductible is how much you're willing to spend before your insurance company starts to pay. Below are listed some common amounts to consider when first buying car insurance.

Conclusion:

It's important to know what you're getting yourself into when it comes to insurance, especially when it comes to your home and possessions. There are many different options to choose from so make sure you review them all carefully before choosing a particular company. Our website offers a free quote service that will allow you to compare quotes from different insurance providers in Arizona. We also have an excellent reputation for great customer service. Feel free to reach out if you have any questions or concerns.