Are you paying too much for insurance?
We compare every home and car insurance company
selling in Arizona for
PRICE · PROTECTION · SERVICE
How does your insurance compare?
#1 Best Value for Car Insurance in Vermont, 2016
Co-operative Insurance Companies was named the Number One Best Value for car insurance in 2016 for the state of Vermont. Co-Operative Insurance Companies won with a ValChoice score of 100. The company beat out 62 other companies for this prestigious honor.
The ValChoice grading system reviews every insurance company, in every state. Each year we identify the best company, by state. Companies are chosen solely based on our independent, unbiased analytics.
Arizona Car and Home Insurance Rates and Trends
In Arizona, both auto insurance prices and homeowners insurance prices are going up fast. Unfortunately, incomes are only slightly increasing. See the table below for details.
When insurance rates go up faster than income, it's time to shop for better insurance. Our analytics provide the most reliable information available on insurance companies. Best of all, we don't sell insurance. That means we're independent and unbiased.
Why I Founded ValChoice
Car and Home Insurance Average Rates and Three-Year Trend
Average Price* | 3-Year Change | |
---|---|---|
Car Insurance | $844 | 8.0% |
Homeowners Insurance | $810 | 17.2% |
Median Household Income** | Not Applicable | 18.0% |
*Insurance Information Institute (iii.org). The most recently published data from the III is through 2015.
**U.S Census Bureau (https://census.gov). Data used matches the same three-year period that is available from the III. Published by ValChoice on |
-Gretchen Morgenson
ValChoice is “Carfax for...insurance”
-Giovanni Rodriguez
Arizona Auto Insurance
The five largest auto insurance companies in Arizona are shown in the table below. The market share of each company is shown in the second column. The third column shows their most recent ValChoice Score. ValChoice Scores are only presented for companies with above average performance. For the companies where the needle on the gauge is missing, you can order a free report to get the ValChoice Score. This information is presented so you can reliably compare Arizona auto insurance companies in order to understand your options for the best car insurance.
The ValChoice scoring system takes into account how they price, their historic performance for claims handling and the level of service they provide. This scoring system uses high quality data and grades on a curve. This approach to grading yields companies that score as high as 100 and as low as 0. Only a system like this gives consumers a true picture of the performance of car insurance companies. For more details on any given company, order a ValChoice report.
Compare Auto Insurance Companies in Arizona
Market Share | ValChoice Score | |
---|---|---|
State Farm | 16.87% | ![]() |
GEICO (Berkshire Hathaway Insurance ) | 14.91% | ![]() |
Progressive Insurance | 10.58% | ![]() |
Farmers Insurance | 8.10% | ![]() |
Allstate Insurance | 7.61% | ![]() |
ValChoice only comments publicly on companies that are above average. For any company that is below average we don't publicly display the score. For those interested, scores on all companies are available with free reports. All analysis based on quantitative, high-quality data. Data sources include: SERFF, state insurance commissioners, National Association of Insurance Commissioners and AM Best Company. Data used by permission. Published by ValChoice on |
Arizona laws require drivers to have the minimum insurance coverage shown in the table below. The important point to know about auto insurance coverage amounts is they define the maximum amount any Arizona car insurance company is obligated to pay. If the costs are more than the amount of insurance coverage you purchased, you will be personally responsible for the costs above your coverage limits. More information on how insurance coverage protects you is included below the table.
Minimum Car Insurance Coverage Required in Arizona
Minimum Coverage | |
---|---|
Bodily Injury, per person | 15,000 |
Bodily Injury, per accident | 30,000 |
Property Damage | 10,000 |
Types of Auto Insurance in Arizona
Under Arizona insurance laws, the costs of an accident are allocated to the driver who is at fault. This means, if you cause an accident, your insurance pays the medical bills, lost wages and cost of repairing the cars and property you damaged. If you don't have insurance, or don't have enough insurance, you are personally responsible.
Bodily Injury Protection
Bodily injury protection is a type of liability insurance. Liability insurance means it pays for the other party, not you. In the table above the minimum bodily injury coverage you can buy in Arizona is specified in the first line of the table. The minimum bodily injury coverage amount you can purchase to pay the bill when more than one person is injured in an accident is shown in the second line of the table.
Property Damage Protection
The property damage protection that is required under Arizona law is also liability insurance coverage. Property damage liability insurance pays for repairs to the other person's vehicle or property, not your own. The maximum amount the car insurance company will pay on your behalf is the coverage limit that you purchased. If you want coverage above the minimum amount, that can be purchased but is not required.
Protecting Yourself, Your Passengers and Your Car
Coverage for your own vehicle, yourself and your passengers can also be purchased. However, this type of accident insurance is not required by law. Instead, it's optional. Reasons you may not want this additional car insurance could be that you have an old car that isn't worth repairing if something happens. You may not want bodily injury coverage for yourself if you have a good health insurance policy. However, don't forget that when you are the driver, you need to protect your passengers too. When you take the option to buy bodily injury insurance for you and your passengers, it is sometimes called personal injury protection. Personal Injury Protection (PIP) is a type of accident insurance where your own car insurance company pays first. This is not required in Arizona. Don't let the different terms confuse you.
Uninsured Motorist and Underinsured Motorist
Despite laws that every driver have auto insurance, not everyone does. Or, they don't have enough coverage to pay the costs of a serious accident. Uninsured motorist coverage will pay the costs the other drivers insurance should have paid when they don't have insurance to cover the cost of an accident. Uninsured or underinsured motorist insurance changes the arrangement so your auto insurance company will pay the costs the other drivers insurance doesn't cover.
Getting an Auto Insurance Quote
When you get a car insurance quote, be sure to get an example of the insurance policy, or the declarations page. This will be proof of how much insurance you're actually buying. Also, be sure to keep a copy of the insurance policy so you know the full extent of your coverage.
Always ask your agent to provide you with a ValChoice report. ValChoice reports are the only reliable way to know how well insurance companies perform for providing a good value, their performance when handling claims and the level of service they provide.
Homeowners Insurance In Arizona
Arizona Homeowners Insurance Rates and Trends
The five largest home insurance companies in Arizona are shown in the table below. The market share of each company is shown in the second column. The third column shows their most recent ValChoice Score for homeowners insurance. ValChoice Scores are only presented for companies with above average performance. For companies where there is no needle on the fuel-gauge-style image, you can order a free report to get the ValChoice Score. This information is presented so you can reliably compare Arizona homeowners insurance companies in order to understand how to get the best homeowners insurance.
The ValChoice scoring system takes into account how they price, their historic performance for claims handling and the level of service they provide. This scoring system uses high quality data and grades on a curve. This approach to grading yields companies that score as high as 100 and as low as 0. Only a system like this gives consumers a true picture of company performance. For more details on any given company, order a ValChoice report.
Compare Homeowners Insurance Companies in Arizona
Market Share | ValChoice Score | |
---|---|---|
USAA | 8.60% | ![]() |
State Farm | 18.26% | ![]() |
Allstate Insurance | 9.02% | ![]() |
Farmers Insurance | 13.73% | ![]() |
Liberty Mutual Insurance Companies | 8.43% | ![]() |
ValChoice only comments publicly on companies that are above average. For any company that is below average we don't publicly display the score. For those interested, scores on all companies are available with free reports. All analysis based on quantitative, high-quality data. Data sources include: SERFF, state insurance commissioners, National Association of Insurance Commissioners and AM Best Company. Data used by permission. Published by ValChoice on |
Renters Insurance
Many companies that offer homeowners insurance also offer renters insurance. The ValChoice grading system applies to renters insurance as well as home insurance. To get a report on renters insurance, simply select homeowners insurance and choose the type of insurance report card you would like to have.
Flood Insurance
Flood insurance is offered separately from homeowners insurance. Talk to your insurance company or insurance agent if you wish to purchase flood insurance. At this time ValChoice does not grade any flood insurance offerings. For more information on flood insurance, read our blog post titled "10 Facts About Flood Insurance, Without Drowning in Details."
Getting an Insurance Quote
When getting a homeowners insurance quote, be sure to consider the following important items.
Amount of Coverage
The dollar amount of insurance coverage to purchase should be equal to the estimated cost of rebuilding the home. Do not include the property value when determining the amount of insurance to buy.
Extended Dwelling Endorsement
This coverage is often referred to as “extras.” This is additional coverage that addresses the problem that occurs when the actual cost to rebuild the home is more than was estimated when buying the insurance. In situations where there is a catastrophic event such as a flood, tornado or hurricane, building costs can increase significantly due to building materials increasing in price and contractors being scarce. Extended dwelling endorsements cover this higher than expected building cost. Extended dwelling endorsements are typically offered as a percentage of the coverage amount. The amount offered is commonly 10%, 25%, 50% or 100% of the coverage.
Building Code Coverage
When rebuilding a home, local laws will require that you rebuild to current building codes. If building damage is extensive, sometimes the laws even require you to upgrade the undamaged portion of the home to meet current building codes. This can be a significant additional expense. It's common that a homeowners insurance policy will exclude or limit the coverage for conforming to current building codes. Be sure to understand this important point about the insurance you buy.
Loss of Use
This specifies how much and how long the insurance company will pay for you to live somewhere else while your home is being rebuilt or repaired. One year in loss of use coverage is common. If your home requires a total rebuild, it’s wise to plan on a couple years for the project to be completed.
Covering Your Personal Items (“Contents”)
Your personal items will commonly be covered by what’s known as “replacement cost” coverage. This means you only get paid when you actually replace the item. There are two important items to understand here. 1) You must have a detailed home inventory to know what you had in order to replace these items, and 2) if you had $200,000 worth of contents and only replaced $20,000 worth of items, you would only receive the $20,000. “Replacement cost” sounds good. In reality, it may leave you far short of what you expected.
Arizona Homeowners Insurance Rate Calculator
Use this calculator to estimate home insurance prices in Arizona. Just enter the replacement value (cost to rebuild, not including the land).
Compared to other states, the value Arizona homeowners get from their home insurance around the national average of all 50 states. Arizona residents are also fortunate that home insurance prices have been increasing at a rate slightly below the national average.
Homeowners insurance prices have increased at a faster rate than health insurance prices since 2000. This means Arizona residents need to pay close attention to their home insurance price and shop other providers every few years in order to continue getting homeowners insurance that's a good value.
Important Insurance Laws - Arizona
Arizona Insurance Regulation
The Arizona Department of Insurance develops and enforces insurance laws. Consumers can contact the department with questions and complaints about their auto and home insurance. If you are not receiving the service you expect from an insurer, you can click this link to file a complaint against an insurer with the Department of Insurance. The department accepts complaints but unfortunately does not publish either raw or compiled complaint data for consumers of auto and home insurance to reference when buying insurance.
Important Laws
A summary of the driving safety laws in the state of Arizona can be found by clicking this link. The information includes a summary of the laws affecting people driving cars, or riding motorcycles or bicycles while using cell phones or texting. Also included are the requirements for child safety seats, wearing a helmet and being under the influence while operating a vehicle in the state of Arizona.
The Arizona Statute of Limitations defines the time limit following an accident when you can file a lawsuit. Once this time limit has passed, you can no longer file a lawsuit.
Resources Available to Consumers
The Small Claims Court is available for you to resolve issues, without needing to hire an attorney. This link to the small claims court provides more information, including the dollar limit of claims that can be made in this court.
The Federal Emergency Management Agency (FEMA) is for disaster victims who are uninsured, underinsured or the victim of a flood.