Homeowners Insurance Rates in Southeast Valley (Phoenix, Mesa: condo, buying a home, buying)

[M.Unit]

I realize rates vary depending on coverage and home details but just wanted to get a feel for the varying rates people are paying for homeowners insurance.
We own a 4 bed/3 bath (over 3000sf), newly built home in east Mesa, no pool or added outside unit, have a $1000 deductible....paying $575/yr. We have our auto and homeowners combined with the same company so we get somewhat of a discount.
Does that rate seem high or average to you all?

I come from Florida where homeowner insurance rates are very high due to hurricanes and flooding...I just assume Arizona has no natural disasters therefore rates should remain rather low. In all honesty, I suppose $575 isn't that high considering in Florida I'd be paying easily $4k-5k for the same house, if not more. I dunno, I feel like I should pay no more than $100/yr for living in the desert

[MrsMac]

The only homeowner's insurance here that will be anywhere near $100 will probably be for a small condo/townhouse. We have a brand new 2200 sq ft house and we were thrilled with a $283 premium from USAA! (We moved from Colorado, the land of wildfire and hail, and paid six times that amount.)

The only way to really know if you are paying too much is to get quotes from different companies, making sure they use similar rebuild costs and finishes (You'd be amazed how many people have what is considered a custom kitchen and/or bathroom (granite/Quartz counters, an island with water, dual ovens, double sinks, seperate shower, jetted tub, etc. but it's not listed as such on their policy), the same limits, deductibles and contents replacement basis (actual cash value vs. replacement cost).

[ajonesaz]

Originally Posted by M.Unit

I realize rates vary depending on coverage and home details but just wanted to get a feel for the varying rates people are paying for homeowners insurance.
We own a 4 bed/3 bath (over 3000sf), newly built home in east Mesa, no pool or added outside unit, have a $1000 deductible....paying $575/yr. We have our auto and homeowners combined with the same company so we get somewhat of a discount.
Does that rate seem high or average to you all?

I come from Florida where homeowner insurance rates are very high due to hurricanes and flooding...I just assume Arizona has no natural disasters therefore rates should remain rather low. In all honesty, I suppose $575 isn't that high considering in Florida I'd be paying easily $4k-5k for the same house, if not more. I dunno, I feel like I should pay no more than $100/yr for living in the desert

Your paying less than I, $600 seems about average. MrsMac is getting a crazy good deal!

[HDL]

I was considering buying a home in Phoenix, so I was just looking for Homeowners' and Auto insurance information a couple days ago and found the below website to be quite helpful :

Who Has the Cheapest Homeowners Insurance in Arizona?
Who Has the Cheapest Auto Insurance Quotes in Arizona?

[Zippyman]

Most insurers here have a "conquest" rate to steal customers from each other during the first year of ownership. If you've owned your home for less than 12 months & don't mind the hassle of getting re-quoted by all the companies, definitely do so - even if you got a higher quote from the same company before purchase.

I basically got my first-year premium cut in half by re-quoting right after closing. Best bet is to talk to agents who have multiple brands/lines of coverage available & make sure they know you just bought to get the discount. After the first year, you'll need to re-quote periodically for maximum savings, as they'll all gradually crank up your rates.