How much does renters insurance generally cost in Arizona?
Renters insurance in Arizona can cost as little as $15 a month (or $171 per year) for around $35,000 in coverage, about the same as the national average, according to a 2019 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). Keep in mind that insurance premiums in most states have changed since then. Also, your cost may be different depending on things like how much personal property you want to cover, what deductible you choose and risks specific to your location.
What does Arizona renters insurance typically cover?
Typically, renters insurance policies in Arizona can provide coverage against damage to or loss of personal belongings if caused by:
- Vandalism and theft
- Lightning strikes
- Falling objects
- The weight of snow or ice
Floods, particularly flash flooding — a common risk during Arizona’s summer monsoon season — are not covered, but special flood insurance through the National Flood Insurance Program may be available for renters.
Is renters insurance required in Arizona?
No state laws require you to have renters insurance in Arizona. However, landlords can require you to have a renters policy as part of a lease agreement. It may help pay for another person's medical bills or repairs to their property if you're found legally responsible for their injuries or property damage. Renters liability coverage may also help cover your legal expenses if you're sued over an incident that occurs in the place you're renting. Keep in mind that your landlord’s insurance provides coverage for the building itself, but this likely does not include your personal belongings.
More coverage options in Arizona
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