Best Cheap Home Insurance in Chandler
The homeownership rate in Chandler, Arizona is 63%. Having home insurance in Chandler is essential to protecting your investment, especially considering that the median selling price these days is $ 455,000. The average cost of home insurance in Chandler is $ 1,097 per year for $ 250,000 in home coverage. However, you may be able to beat the city average if you know how to find cheap home insurance in Chandler.
Bankrate has collected quotes from the best home insurance companies operating in the area and averaged them to give you an idea of ââhow much you can expect to pay for home insurance. Price is only one factor. To bring you a shortlist, we’ve also looked at customer ratings, policy options, and the carrier’s financial strength.
Best Cheap Home Insurance Companies Chandler
The following carriers have the cheapest rates in Chandler. To keep it simple, we’ve rounded up the quotes for an annual policy with a limit of $ 250,000. The JD Power score is important. JD Power conducts annual independent regional surveys that ask current policyholders how they think the operator they are with performs in categories such as the claims process, communications, billing, offers and pricing. Insurance companies that score higher in the study tend to have the happiest customers.
|Home insurance company||Average annual premium for a home of $ 250,000||JD Power Score|
|United States of America*||$ 551||889/1000|
|At national scale||$ 678||808/1000|
* USAA is not eligible for official ranking with JD Power due to eligibility restrictions
Based on our findings, USAA is the cheapest home insurance company in Chandler with an average annual premium of $ 551. It’s about $ 45 per month for peace of mind. In addition to low premiums, USAA consistently receives high marks in JD Power’s annual home insurance study. The purchase of a USAA home insurance policy comes with replacement cost coverage included. This could make your life easier in the event of loss – you will be able to replace items with new versions instead of receiving a reduced cost based on the age and condition of your lost items.
The main drawback of the USAA is its limited availability based on membership. USAA insurance is only available to eligible veterans, military personnel, and immediate family members.
At national scale
If you are unable to qualify for membership in the USAA, the next cheapest home insurance is Nationwide. A policy costs an average of $ 678 per year for owners of Chandler. Nationwide offers a series of discounts that could help you lower the cost of coverage.
If you live in a newer or recently renovated home, you will save on your premiums. Homes in a gated community are discounted. Adding protective devices such as a fire alarm, carbon monoxide or smoke detectors, fire alarms, or a home security system could lower your rate even further.
AAA is best known for roadside assistance and travel services that you can access if you are a member. You can also purchase a home insurance policy from Chandler if you are an AAA member. In addition to the standard HO-3 coverage, you can purchase scheduled flood, earthquake, umbrella and personal property insurance.
Personal property coverage provided could be vital. Most insurance policies limit items such as jewelry or electronics. If you have high-end collectibles, artwork, computers, watches, or jewelry valued over $ 1,000, adding a scheduled personal property endorsement for the items will ensure that they are covered.
You can get a quote and purchase home insurance coverage from the Progressive website or by contacting a local independent agent in Chandler. Progressive is well known for its innovative use of technology. The robust mobile app allows you to file claims, manage your coverage, view your insurance policy documents, and make payments.
The Homequote Explorer tool on the Progressive website saves you time shopping for home insurance by providing you with quotes from multiple carriers at the same time.
Allstate is one of the cheapest home insurance carriers in Chandler and ideal for remote workers or home businesses. You can add coverage to your basic home policy for work equipment such as computers and printers, as well as include the value of any inventory you keep at home.
Another unique add-on that you won’t find with other carriers is yard and garden insurance. It adds extra coverage for trees, landscaping, and equipment such as power tools or lawn mowers.
Chandler home insurance recommendations
Home insurance is not mandatory in Arizona. However, your lender may require it as long as you continue to pay a mortgage. Even though home insurance is not mandatory, you may want to keep a policy in force. Compare the cost of rebuilding your home and replacing its contents after a fire to the monthly cost of $ 50 per month for an HO-3 policy. Some additional coverages are worth the additional expense:
- Scheduled personal property: If you own high value items such as watches, designer handbags, or artwork, specific coverage for these items can help protect you from financial hardship.
- Equipment breakdown coverage: Similar to a residential warranty policy, it covers the cost of repairing or replacing items or systems that fail. It could potentially save you money if your central air conditioning fails in the middle of summer.
- Replacement value: Most home insurance policies are cash value, which means you will receive the cost of the coverage less depreciation. Replacement cost coverage will authorize the purchase of new versions of the items.
Chandler home insurance discounts
Even if you find coverage at a low rate, you can still get additional discounts by taking advantage of an operator’s discounts. Residents of Chandler should consider:
- New construction: If you live in a newer home or plan to purchase new construction, you may receive a discount on coverage.
- Without complaint: If you have no previous home insurance claims, a No Claims Discount may be offered.
- Grouping: Adding auto insurance in addition to home insurance entitles you to a bundled or multi-line discount.
Of all the discounts available, bundling your home and auto insurance can be the biggest savings. You will likely get a discount on your auto and home insurance policies.
Frequently Asked Questions
What is the best home insurance company?
The best home insurance company depends on a number of factors, including the type of coverage you are looking for and other pricing factors. You’ll want to compare carriers to find the best provider for your personal home insurance needs by looking at rates, available coverage, discounts you may be entitled to, and customer satisfaction rates.
How much does home insurance cost in Chandler, AZ?
The average cost of home insurance in Chandler is $ 1,097 per year for $ 250,000 in home coverage. However, some carriers have rates as low as $ 551 per year.
How much home insurance do I need in Chandler?
To decide how much insurance you might need, research the current cost of construction or ask your agent to help you estimate. As for your personal possessions, estimate the value of all your possessions and add the sum.
Bankrate uses Quadrant Information Services to analyze rates for all postal codes and homeriers in the 50 states and Washington, DC.
- Coverage A, Housing: $ 250,000
- Cover B, Other structures: $ 25,000
- Coverage C, Personal Property: $ 125,000
- Coverage D, Loss of use: $ 50,000
- Cover E, liability: $ 300,000
- Coverage F, Medical Payments: $ 1,000
Homeowners also have a $ 1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should only be used for comparison purposes. Your quotes may be different.
Rates are determined based on 2020 Quadrant Information Services data.