Home Insurance in Arizona
The median home value in Arizona is $394,500.
The typical home in Arizona was built around 1992. About 8% of homes were built before 1960. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Arizona is 69% single-family homes, 16% apartments in buildings with 5+ units and 9% mobile or manufactured homes.
62% of owner-occupied homes in Arizona carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 11%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 67% of occupied homes in Arizona are owner-occupied.
In Arizona, 60% of homes are primarily heated with electricity.
The statewide average premium for a standard HO-3 homeowners policy in Arizona is $1,194 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $394,500 |
|---|---|
| Median year built | 1992 |
| Owner-occupied share | 67% |
| Share of owner-occupied homes with a mortgage | 62% |
| Home insurance premium | $1,194 - statewide average (NAIC, 2023 data) |
Counties
- Apache County
- Cochise County
- Coconino County
- Gila County
- Graham County
- Greenlee County
- La Paz County
- Maricopa County
- Mohave County
- Navajo County
- Pima County
- Pinal County
- Santa Cruz County
- Yavapai County
- Yuma County