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Hello, fellow Peorians! There's so much to love about our wonderful city. Did you know that Peoria boasts over 300 days of sunshine per year, making it perfect for outdoor enthusiasts and sun-seekers alike? Our town is also home to Lake Pleasant Regional Park, offering 23,000 acres of water recreation and stunning desert landscapes. Sports fans will appreciate that Peoria hosts spring training for both the San Diego Padres and the Seattle Mariners, bringing exciting MLB action right to our backyard. Additionally, our city consistently ranks as one of the safest in Arizona, providing peace of mind for residents and families. With a thriving arts scene, excellent schools, and a strong sense of community, Peoria truly offers something for everyone!


 

Why is Peoria Homeowner's Insurance Expensive?

Peoria, Arizona homeowners may find their insurance rates higher than expected, but understanding the factors can help you make informed decisions. Here are four key points to consider:

  1. Extreme weather events, such as severe thunderstorms and flash floods, have impacted insurance rates in recent years.
  2. The city's proximity to wildfire-prone areas increases risk for insurers.
  3. Rapid population growth in Peoria has led to increased demand for housing and higher property values.
  4. Construction costs in the area have risen, affecting replacement value estimates.

Despite these challenges, there are still options for affordable coverage. Researching the Best Arizona Home Insurance Companies can help you find the right balance of protection and cost. Remember, two notable weather events that have influenced insurance rates in the past three years include the severe monsoon storms of 2021 and the record-breaking heatwave of 2020. While rates may be higher, a positive approach to shopping around and understanding your coverage needs can lead to finding the best policy for your home.


 

How Much is Homeowners Insurance in Peoria?

Homeowners in Peoria pay an average of $2256 per year, or $188 a month, for a homeowners insurance policy with $300,000 in dwelling coverage. This makes home insurance in Peoria roughly 0% less expensive than the Arizona average of $2257 per year. And Peoria insurance is about 1% the national average of $2270. It pays to shop and compare Peoria home insurance rates.


 

The Cheapest Homeowner Insurance Rates for Peoria, Arizona

Provider Annual Insurance Rate
Allstate $2457
American Family $1452
Armed Forces Insurance $902
Auto-Owners Insurance $1584
Chubb $1653
Country Financial $4687
Farm Bureau Insurance $1906
Farmers $2450
Farmers $2184
Nationwide $1661
Progressive $2107
State Farm $1720
Travelers $5728
USAA $1090

Featured Homeowners Insurance Providers

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State Farm

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Allstate

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Progressive

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Travelers

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