The Best Cheap Renters Insurance in Arizona
Lemonade offers the cheapest renters insurance in Arizona. A policy costs $11 per month, or $130 per year, on average.
Compare cheap renters insurance in Arizona
Renters insurance can cost a few dollars per month, but it can save you money if your property is damaged or your home is broken into. We compiled dozens of quotes from top Arizona insurers and analyzed customer service data from J.D. Power and the National Association of Insurance Commissioners (NAIC) to find the best renters insurance companies in the state.
Finding cheap renters insurance in Arizona
Lemonade offers the cheapest renters insurance in Arizona — the average rate is just $11 per month, $7 cheaper than the state average. Choosing the most affordable renters insurance company can save you 58%, which can add up to over $180 each year.
The average cost of renters insurance in Arizona is $18 per month, or $211 per year.
That's 2% cheaper than the national average, which is $215 per year.
Compare cheap renters insurance in Arizona
State Farm also offers affordable renters insurance for Arizonans. At $134 per year, a policy from State Farm is only $4 per year more than one from Lemonade.
Cheapest renters insurance companies in Arizona
Company | Monthly cost | |
|---|---|---|
| Lemonade | $11 |
| State Farm | $11 |
| Travelers | $15 |
| Amica | $17 |
| Allstate | $19 |
| Nationwide | $24 |
| Farmers | $26 |
Best renters insurance for most Arizonans: Lemonade
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Editor rating
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Average monthly rate
$11 ?
Pros and cons
The best renters insurance company for most Arizonians is Lemonade. On average, a policy costs just $11 per month. That's 39% less than the average rate we found statewide — a savings of $81 per year.
Lemonade offers renters a great online experience. Its automated chatbot, Maya, provides a streamlined quote experience for renters. Filing a claim with Lemonade is also easy — 30% of claims are handled instantly with the fastest claim being paid in three seconds, according to Lemonade. That's much faster than most major insurers.
In addition, J.D. Power awarded Lemonade renters insurance the second-best customer satisfaction score among the Arizona insurers we looked at.
Best customer service: Amica
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Editor rating
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Average monthly rate
$17 ?
Pros and cons
Arizona renters who value customer service will find the best experience with Amica. Its rates are only average among Arizona insurers — a policy costs $17 per month. However, people who are willing to pay more for great service should consider getting a quote from Amica.
Amica only receives one-third as many complaints as other insurers of the same size, according to the National Association of Insurance Commissioners (NAIC) complaint index. That's important because it means that Amica customers are generally happy with the service they receive. The company also received a high ValuePenguin editor rating, which takes into account a company's overall value, coverage options and customer reviews.
Best for military families: USAA
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Editor rating
Pros and cons
Members of the U.S. military, veterans and their families living in Arizona may find the best renters insurance from USAA. USAA offers excellent customer service. It earned the top score on J.D. Power's customer satisfaction survey and receives fewer complaints than other insurers of a similar size, according to the NAIC.
Renters have to become a USAA member to get a quote from USAA. For that reason, we were unable to compare USAA's rates. However, the company is known for its affordable insurance.
A base policy from USAA includes a number of coverages that other insurers either charge extra for or don't offer at all, including:
- Coverage for military uniforms and gear
- Coverage during deployments
Arizona renters insurance: Costs by city
Renters in San Tan Valley pay the cheapest renters insurance rates in the state. The most expensive rates are in Casa Grande.
The cost of renters insurance in Arizona varies by up to $73 per year across the 25 largest cities in the state. Renters in Casa Grande can expect to pay $275 per year, while those in San Tan Valley pay $202 per year, on average.
City | Average annual cost | Difference from state average (%) |
|---|---|---|
| Avondale | $215 | -4% |
| Buckeye | $215 | -4% |
| Casa Grande | $275 | 22% |
| Casas Adobes | $221 | -2% |
| Catalina Foothills | $221 | -2% |
Best renters insurance in Arizona
The best-rated renters insurance company in Arizona is Amica.
Amica receives fewer customer complaints than other insurers of a similar size, according to the NAIC. Our editors also awarded it a high score based on the value, rates and customer service experience it offers Arizona renters.
USAA also provides renters with excellent customer service. However, it is only available to military members, veterans and their families.
Company |
Rating
|
|---|---|
| Amica | |
| USAA | |
| State Farm | |
| Lemonade | |
| Nationwide | |
| Allstate | |
| Farmers | |
| Travelers |
We rated renters insurance companies based on our own ValuePenguin editor's ratings, NAIC complaint index scores and J.D. Power's annual customer satisfaction study.
How to shop for renters insurance in Arizona
When shopping for renters insurance quotes in Arizona, you should consider three key factors:
- Affordability: How does the price of renters insurance compare to other insurers in the area?
- Coverage options: Does the insurer have a wide range of coverage options that are useful to Arizona renters?
- Customer service: Is the customer service at this company well-reviewed? Are you likely to have a positive experience, especially while making a claim?
Find Cheap Renters Insurance Quotes in Your Area
Coverage options
Some renters insurance policies come with more extra coverage options than others. Here are a few we think most Arizona renters should consider:
- Replacement cost coverage: You are paid the full cost to replace an item that has been damaged or stolen, not factoring in depreciation.
- Valuables coverage: Pays for loss or damage to valuable items like jewelry, electronics or musical instruments, which are sometimes excluded from standard personal property limits.
- Equipment breakdown coverage: Pays for repairs to appliances and other equipment in your home, even if the cause is regular wear-and-tear.
- Earthquake coverage: Pays for damage to your home from earthquakes, which is not covered by traditional renters insurance.
Every renters insurance company we looked at offered the following basic coverages, which should always be available. If they aren't, you should look for a different insurer.
- Personal property coverage: Pays for damage to your belongings, such as furniture, clothing and electronics.
- Liability coverage: Pays for damage to others that you are responsible for, such as if a guest is injured in your home.
- Medical payments coverage: Covers minor medical expenses that your guests experience, regardless of who is at fault.
Frequently asked questions
How much is renters insurance in Arizona?
The average cost of renters insurance in Arizona is $211 per year, or $18 per month. However, rates vary based on the city that you live in, your insurance history and the coverage options you choose.
Who has the cheapest renters insurance in Arizona?
Lemonade has the cheapest renters insurance rates in Arizona. On average, a policy costs $130 per year, or $11 per month.
How much is renters insurance in Phoenix, AZ?
Renters in Phoenix can expect to pay $21 per month, or $252 per year, for insurance. That's 12% more expensive than the state average. People living in the Phoenix suburbs pay less for insurance. A policy costs between $18 and $20 per month for those living in Gilbert, Glendale, Mesa, Scottsdale or Tempe.
Am I required to have renters insurance in Arizona?
There is no law requiring you to purchase renters insurance, but your landlord may require you to purchase a policy.
Methodology
We collected 146 renters insurance quotes from seven major renters insurance companies for 25 of the largest cities in Arizona (though not all companies offered quotes in every city). In each city, the sample renter was a 25-year-old male who lives alone and has never filed a renters insurance claim. All quotes were based on the following limits:
Coverage | Study limits |
|---|---|
| Personal property coverage | $30,000 |
| Personal liability | $100,000 |
| Medical payments | $1,000 |
| Loss of use coverage | $9,000 |
| Deductible | $500 |
Listed coverage applied where available.
Customer service ratings were determined based on our own ValuePenguin editor's rating, J.D. Power annual customer satisfaction survey scores and National Association of Insurance Commissioners (NAIC) complaint index data.