Renters Insurance

The Best Cheap Renters Insurance in Arizona

The Best Cheap Renters Insurance in Arizona

Renters insurance only costs a few dollars per month, but it can save you money if your property is damaged or your home is broken into. We researched dozens of quotes from top Arizona insurers to find the best renters insurance companies in the state.

The average cost of renters insurance in Arizona is $17 per month, or $204 per year.

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The best price we found for renters insurance in Arizona is $14 per month, but we don't recommend buying a policy based on cost alone. Coverage options and quality of service matter just as much. Keep reading for our full recommendations for Arizona renters, or use the quote box above to find the best rates for you.

Best for most Arizonans

State Farm logo
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Best for long-term renters

Travelers logo
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Best for retirees

Allstate logo
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Best renters insurance for most Arizonans: State Farm

State Farm's has great rates and standout customer service.
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Read our full State Farm review

The good:

  • The best price we found among Arizona insurers
  • Positive customer service
  • Industry-leading financial stability

Our recommendation for the best renters insurance for most Arizona residents is State Farm. It had the best prices of the insurers we looked at, plus great customer service and financial stability.

On average, State Farm charged just $12 per month for renters insurance coverage. That's 30% less than the typical rate we found statewide, representing an annual savings of $60.

State Farm also has great customer service reviews. It has an impressively low complaint index from the National Association of Insurance Commissioners (NAIC) of 0.38, which is the second-lowest score we found. That means State Farm receives only 38% as many complaints as you'd expect given its size.

J.D. Power liked State Farm renters insurance, too, giving it a survey score of 831 — that's the highest we found among the Arizona insurers we looked at. As the nation's largest property insurer, State Farm also offers well-regarded auto insurance and has multi-policy discounts, meaning you may be able to save even more.

Best for long-term renters: Travelers Insurance

Travelers has the best coverage options of all the companies we looked at.
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Read our full review of Travelers insurance.

The good:

  • Excellent selection of optional coverages

The bad:

  • Coverage must be purchased for a year upfront
  • Mediocre customer service ratings

For renters who have lived in their apartment for a long time, or have specialized coverage needs, we suggest Travelers Insurance. While at $17 per month, its rates were only average among Arizona insurers, people who are willing to pay more for extras are likely to find benefits they like.

Travelers offers extended liability coverage, equipment breakdown coverage and water backup protection, which competing insurers usually don't provide.

Besides the average price, the biggest drawback to Travelers renters insurance is that you have to buy a policy in one-year increments: you can't pay on a month-to-month basis. You can generally get your payment back if you decide to cancel midyear, but it adds an extra headache you won't have to deal with at other insurers.

We also found customer service to be middling. It has a 0.50 NAIC complaint index. This means that it receives about half as many complaints as a typical insurer nationwide, but it doesn't compare to State Farm, our main pick.

Best affordable option for retirees: Allstate

Allstate has a few good discount options for budget-conscious seniors.
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Read our full review of Allstate insurance.

The good:

  • Lots of discounts available
  • Affordable rates

The bad:

  • Customer service and coverage options are merely average

Retirees living in Arizona may find an affordable renters insurance rate at Allstate. The company's rates were among the more affordable we found, with a typical price of just $14 per month. That's only $2 more per month than the most affordable option, State Farm.

Allstate also has more discounts than a typical renters insurance, notably a discount for retirees of 55. This may help older renters save money each month. It also has home protection, claim-free and bundle discounts, though these savings are available at other insurers as well.

Allstate's customer service and coverage options are both adequate, but not exceptional. If you have unique coverage needs or put a high value on great customer service may want to look elsewhere.

How we chose the best renters insurers in Arizona

When we evaluate renters insurance companies to find the best companies in Arizona, we consider three key factors: affordability, coverage options and customer service.

  • Affordability: How does the price of renters insurance compare to other insurers in the area?
  • Coverage options: Does the insurer have a wide range of coverage options that are useful to Arizona renters?
  • Customer service: Is the customer service at this company well-reviewed? Are you likely to have a positive experience, especially while making a claim?

Affordability: Finding cheap renters insurance in Arizona

Choosing the most affordable renters insurance company can save you 48% each month — which can add up to over $140 saved each year.

State Farm offered the lowest prices for our renters insurance policy, with a typical rate of just $12. That's 30% less than the average rate and 48% less than our most expensive option Farmers Insurance.

Here are the cheapest renters insurance companies we found in Arizona.

The graph shows which companies are the cheapest for renters insurance in Arizona
Average cost
% difference from average
State Farm$12-30%
Liberty Mutual$15-11%

Our selected levels of coverage were:

  • Personal property coverage: $30,000
  • Liability coverage: $100,000
  • Medical payments coverage: $1,000
  • Deductible: $500
  • Loss of use: $0

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Renters insurance discounts: Not as prevalent or important as with other types of insurance

While all of the renters insurance companies we looked at offered discounts, we don't recommend focusing on them as a way to choose an insurer. Given how affordable renters insurance is, even a 20% discount may only translate to a few dollars a month.

The one exception is a bundling discount, which is offered by all of the insurers we looked at. An insurer will give you a discount on your insurance if you buy multiple policies from them. This can lead to a much bigger savings on an auto policy, where you may be spending $100 per month or more.

Coverage options: Comparing renters insurance policies and benefits

Some renters insurance policies come with more extra coverage options than others. These extras aren't always useful in every case, but here are a few we think most Arizona renters should consider:

  • Replacement cost coverage: You are paid the full cost to replace an item that has been damaged or stolen, not factoring in depreciation.
  • Valuables coverage: Pays for loss or damage to valuable items like jewelry, electronics or musical instruments, which are sometimes excluded from standard personal property limits.
  • Equipment breakdown coverage: Pays for repair to appliances and other equipment in your home, even if the cause is regular wear-and-tear.
  • Earthquake coverage: Pays for damage to your home from earthquakes, which is not covered by traditional renters insurance.

Every renters insurance company we looked at also offered the following basic coverages, which should always be available. If they aren't, you should look for a different insurer.

  • Personal property coverage: pays for damage to your belongings, such as furniture, clothing and electronics
  • Liability coverage: pays for damages to others that you are responsible for, such as if a guest is injured in your home
  • Medical payments coverage: Covers minor medical expenses that your guests experience, regardless of who is at fault

Customer service: Evaluating insurer quality in service and claims

Great customer service from your renters insurance company can make the difference between you loving your insurance company and hating it. This is especially true while you're making a claim, when strong service can be a pleasant process with a speedy payout, while poor customer service can feel like pulling teeth just to get what you're owed.

We use three key metrics to evaluate the customer service of renters insurance companies: the NAIC complaint index, JD Power ratings, and AM Best financial strength ratings.

NAIC Complaint Index
JD Power rating
Liberty Mutual0.7N/AA
State Farm0.2831A++
  • NAIC Complaint Index: This score compares the number of complaints an insurer has received with its total premium. A lower score is better, and the national average is 1.00. Scores are based on combined complaints and premiums for homeowners, renters and condo insurance.
  • J.D. Power rankings: A survey describing overall customer satisfaction with their renters insurance company. Scores are out of 1000, and the average score is 835.
  • A.M. Best FSR: A letter grade describing the overall financial health of an insurance company. A better grade indicates a better ability to pay out claims in times of high claim demand or negative economic climate. Scores range from A++ to D.

Arizona renters insurance: Costs by city

In addition to an overall statewide cost comparison, we also found the average cost of renters insurance by city in Arizona. See below for our full city-by-city breakdown cost comparison of renters insurance.

Average monthly cost
% difference from state average
Show All Rows

*Liberty Mutual did not provide us a quote in this city.

^Travelers Insurance did not provide us a quote in this city.

While the price difference isn't as drastic as with home or auto insurance, we still found a 38% difference in price between the most expensive and least expensive cities for renters insurance in Arizona.

Renters insurance prices can vary across the United States. To see how your rates compare to what people are paying across the country, take a look at our national study of how much renters insurance costs.


We collected 120 renters insurance quotes from five major renters insurance companies for 25 of the largest cities in Arizona (though not all companies offered quotes in every city). In each city, our sample renter was a 30-year-old male who lives alone and has never filed a renters insurance claim. All policies include $30,000 of personal property coverage and $100,000 of liability protection, with a $500 deductible.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.