Average homeowners insurance cost in Gilbert, AZ

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In Gilbert, homeowners pay an average annual rate of $2,425 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $157 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Gilbert depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Gilbert, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Gilbert.

Key takeaways

In Gilbert, homeowners insurance costs $2,425 annually.
State Farm offers the most affordable homeowners insurance in Gilbert with an average annual premium of $1,575.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $564 higher.

Average homeowners insurance cost in Gilbert per month

Gilbert homeowners pay an average of $202 a month, based on our rate analysis. It’s $4 less than the state average of $206 and $13 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Gilbert may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Gilbert

In Gilbert, AZ, homeowners pay an average of $1,861 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Gilbert

According to Insure.com’s rate analysis, homeowners in Gilbert typically pay an average of $2,425 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $564. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Gilbert by company

Among the carriers analyzed, State Farm is the most affordable homeowners insurance company in Gilbert, offering an average annual rate of $1,575.

Nationwide ranks second, while American Family holds the third spot with an average annual rate of $1,761.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Gilbert and compiled a list of the most affordable options.

Below are the details of home insurance companies in Gilbert and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$1,575
Nationwide	$1,696
Allstate	$1,804
Farmers	$3,172
Travelers	$5,863
American Family	$1,761
USAA*	$1,902

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Gilbert for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.