Living in Tempe, Arizona offers a vibrant and exciting experience for residents. This bustling college town is home to Arizona State University, providing a youthful energy and diverse cultural scene. With over 300 days of sunshine annually, outdoor enthusiasts can enjoy numerous parks, hiking trails, and water activities at Tempe Town Lake. The city boasts a thriving arts community, featuring museums, galleries, and live performances. As you settle into your new home, it's important to protect your investment with adequate home insurance to safeguard against potential risks in this desert climate. Tempe's central location also offers easy access to Phoenix and other nearby attractions, making it an ideal place to call home.
Home insurance in Tempe, Arizona, can be quite expensive due to several factors. Arizona Home Insurance Companies consider various risks when determining premiums. Here are three key points to understand:
In recent years, two notable weather events have impacted insurance rates in Tempe. First, the record-breaking heatwave in June 2021 caused significant strain on electrical systems and increased the risk of fires. Second, the severe monsoon storms in July 2022 resulted in widespread flooding and wind damage. These events have prompted insurers to reassess their risk models and adjust rates accordingly. For more information on Arizona home insurance options, visit our Arizona homeowners insurance guide.
| Provider | Annual Insurance Rate |
|---|---|
| Allstate | $2458 |
| American Family | $1453 |
| Armed Forces Insurance | $902 |
| Auto-Owners Insurance | $1585 |
| Chubb | $1654 |
| Country Financial | $4689 |
| Farm Bureau Insurance | $1907 |
| Farmers | $2451 |
| Farmers | $2185 |
| Nationwide | $1662 |
| Progressive | $2108 |
| State Farm | $1721 |
| Travelers | $5731 |
| USAA | $1091 |
