Finding the Best Homeowners Insurance in Utah
What people love about living in Utah is its proximity to nature. With its hiker-friendly mountains and scenic national parks, the “Beehive State” is ideal for buying a home for outdoor adventurers. More people than ever before are buying homes in Utah now. As a result, home prices in Utah have increased rapidly in the past decade. Utah’s median home list price is now about $370,000, compared to about $200,000 in 2012. With more expensive housing and lucrative investment opportunities, it is important to find the best homeowner insurance in Utah to protect your home and investment adequately. Finding the best homeowners insurance in Utah primarily includes three criteria: affordability, responsive customer service, and comprehensive coverage. In Utah, it may be easier to find cheap homeowners insurance quotes than those in other states, but it is necessary to balance this low cost with the risk and reality of a disaster striking. Paying the lowest insurance premium may be great until you find yourself with exorbitant out-of-pocket costs for an incident that your homeowner's insurance should have immediately covered. We can help you find Utah homeowners insurance quotes that are not only affordable but also provide the customer service and coverage you need.
| Utah Homeowners Insurance Cost Broken Down | Price |
|---|---|
| Yearly Cost of Homeowners Insurance in Utah | $675.00 |
| Costs Per Month for Homeowners Insurance in Utah | $56.25 |
How Much is Homeowners Insurance in Utah
While Utah might not be as prone to extreme natural disasters as other states may be, it can have severe weather and temperature fluctuations that pose considerable risks to homeowners. Cold winters and sweltering hot summers can cause damage to your home, on top of additional risks like property crime, theft, and other accidents that occur on your property. How much is homeowners insurance in Utah? For a home valued at $300,000 in dwelling coverage and personal liability and with a $1,000 deductible, the national average annual premium is $2,305. The average cost of homeowners insurance in Utah with these same coverage options is $1,378, which is about $115 per month. Homeowners insurance rates in Utah are some of the cheapest home insurance premiums in the country. The lower cost is likely due to Utah being less prone to extreme natural disasters and its relatively low crime rate. Homeowners insurance rates in Utah vary by city. For example, in Syracuse, the average annual rate is $1,265, whereas, in Garrison, the average rate is $1,461. Location is one of the most significant factors in the cost of homeowners insurance. Insurance companies weigh the weather impacts, population density, proximity to fire departments and claim history of each area and neighbourhood to determine their rates. Other factors that may affect your rate include your home's specifics, such as its structure, occupancy, and exposure to risks.
| City in Utah | Monthly Costs | Yearly Costs |
|---|---|---|
| Salt Lake City, UT | $59.67 | $716.00 |
| West Valley City, UT | $58.50 | $702.00 |
| Provo, UT | $56.92 | $683.00 |
| West Jordan, UT | $57.33 | $688.00 |
| Sandy, UT | $57.42 | $689.00 |
| Orem, UT | $57.25 | $687.00 |
| Ogden, UT | $58.00 | $696.00 |
| St. George, UT | $55.50 | $666.00 |
| Layton, UT | $56.17 | $674.00 |
| South Jordan, UT | $56.75 | $681.00 |
| Taylorsville, UT | $58.08 | $697.00 |
| Millcreek, UT | $57.75 | $693.00 |
| Lehi, UT | $56.25 | $675.00 |
| Logan, UT | $58.92 | $707.00 |
| Murray, UT | $57.08 | $685.00 |
| Draper, UT | $57.17 | $686.00 |
| Bountiful, UT | $56.25 | $675.00 |
| Riverton, UT | $56.50 | $678.00 |
| Spanish Fork, UT | $56.92 | $683.00 |
| Roy, UT | $57.17 | $686.00 |
| Pleasant Grove, UT | $58.75 | $705.00 |
| Kearns, UT | $58.92 | $707.00 |
| Cottonwood Heights, UT | $57.75 | $693.00 |
| Tooele, UT | $57.92 | $695.00 |
| Springville, UT | $57.00 | $684.00 |
| Midvale, UT | $56.67 | $680.00 |
| Herriman, UT | $56.67 | $680.00 |
| Holladay, UT | $57.58 | $691.00 |
| Clearfield, UT | $55.50 | $666.00 |
| Kaysville, UT | $57.08 | $685.00 |
| Cedar City, UT | $58.17 | $698.00 |
| American Fork, UT | $56.08 | $673.00 |
| Magna, UT | $59.42 | $713.00 |
| Eagle Mountain, UT | $56.33 | $676.00 |
| Syracuse, UT | $55.00 | $660.00 |
| Saratoga Springs, UT | $56.25 | $675.00 |
| South Salt Lake, UT | $58.75 | $705.00 |
| Washington, UT | $56.33 | $676.00 |
| Farmington, UT | $55.83 | $670.00 |
| Clinton, UT | $55.83 | $670.00 |
Utah Homeowners Insurance Laws
Utah homeowners insurance laws do not require home insurance when you purchase a home. Utah homeowners insurance requirements typically come from mortgage lenders. While it is not legally required to have homeowners insurance in Utah, mortgage lenders require it when you take out a loan to buy a home. Mortgage lenders are taking a financial risk and want to make sure their investment in your home purchase is adequately protected. In the unfortunate event of a fire or natural disaster, homeowners insurance safeguards you and your mortgage lenders against major financial losses. By some estimates, Utah homeowners collect an average of $306 million in claims per year. Hundreds of homes in Utah have been devastated by wildfires, and blizzards have damaged roofs, gutters, and power lines in many homes. For this reason, mortgage lenders have legal rights to require their clients to buy homeowners insurance before allowing them to take out a loan on their house. If you do not pay your homeowner's insurance payments, your insurance company can inform your mortgage lender, and the lender has the legal right to foreclose on your home. Regardless of whether home insurance is legally required, it is a prudent decision to have homeowners insurance since it will provide financial protection in weather damage, natural disasters, theft, or accidents. When you pay off your mortgage, no one can force you to buy homeowners insurance, but it is highly recommended, especially since you have made such a large investment in your home.
What Does Homeowners Insurance Cover in Utah
Homeowners insurance coverage in Utah can be different based on the insurance company and plan. Insurance companies have their own plans that can differ in what they do and do not cover. With that said, there is a minimum standard of what homeowners insurance in Utah will typically cover. What does homeowners insurance cover in Utah? Utah homeowners insurance plans come with standard coverages for personal property, dwelling and other structures, personal liability, loss of use, and medical payments for injuries that occur on your property. Importantly, Utah homeowners insurance usually covers damages from wildfires as well. Utah can be extremely dry in some areas, and they are susceptible to wildfires that can cause severe damage to your home. You should also be aware of what homeowners insurance does not cover in Utah. Some exclusions apply, which may require additional insurance policies. For example, Utah can be susceptible to flooding near the Colorado River. Unfortunately, flooding is almost never covered by homeowners insurance. You will need to buy flood insurance separately to file a claim if your house floods and experiences water damage. Similarly, earthquakes in Utah are not that common, but they can occur along the Wasatch Fault around Salt Lake City. Earthquake damage is also typically excluded from your homeowner's insurance policy. There are some exceptions, but you will likely need an earthquake insurance policy to adequately protect your home if you live near a fault line.
| Costs of Home Insurance in Utah by County | Monthly Average Costs | Yearly Average Costs |
|---|---|---|
| Cache County, UT | $58.92 | $707.00 |
| Davis County, UT | $55.95 | $671.43 |
| Iron County, UT | $58.17 | $698.00 |
| Salt Lake County, UT | $57.57 | $690.79 |
| Tooele County, UT | $57.92 | $695.00 |
| Utah County, UT | $56.86 | $682.33 |
| Washington County, UT | $55.92 | $671.00 |
| Weber County, UT | $57.59 | $691.00 |
Top Rated Homeowners Insurance Companies in Utah Based on Ratings
The best homeowners insurance companies in Utah are judged based on ratings for their affordability, customer service, and comprehensive coverage. Farmers Insurance has been rated the best homeowners insurance in Utah due to its low premium rates, different coverage options, and online service tools that facilitate easy customer service interactions. There are a variety of companies offering homeowners insurance in Utah. Here is the Utah homeowners insurance companies list that is most commonly used within the state. • Allstate • American Family • American National • Auto-Owners Insurance Co • Bear River Mutual Insurance Co • Chubb • CSAA • CSE Insurance • Farm Bureau Financial Services • Farmers • Hartford • Liberty Mutual • Metropolitan • Mutual of Enumclaw • Nationwide • State Farm • Travelers • USAA
| Utah Home Insurance Company | JD Power Rating | NAIC Rating |
|---|---|---|
| Allstate Ratings for Homeowners Insurance in Utah | 3/5 | 0.38 |
| American Family Ratings for Homeowners Insurance in Utah | 3/5 | 0.32 |
| American National Ratings for Homeowners Insurance in Utah | N/A | 0.69 |
| Auto-Owners Insurance Co Ratings for Homeowners Insurance in Utah | 4/5 | 0.21 |
| Bear River Mutual Insurance Co Ratings for Homeowners Insurance in Utah | N/A | 0.17 |
| Chubb Ratings for Homeowners Insurance in Utah | 2/5 | 0.03 |
| CSAA Ratings for Homeowners Insurance in Utah | 3/5 | 0.61 |
| CSE Insurance Ratings for Homeowners Insurance in Utah | N/A | 1.97 |
| Farm Bureau Financial Services Ratings for Homeowners Insurance in Utah | N/A | 0.32 |
| Farmers Ratings for Homeowners Insurance in Utah | 3/5 | 0.39 |
| Hartford Ratings for Homeowners Insurance in Utah | 3/5 | 1 |
| Liberty Mutual Ratings for Homeowners Insurance in Utah | 2/5 | 0.53 |
| Metropolitan Ratings for Homeowners Insurance in Utah | 2/5 | 0.23 |
| Mutual of Enumclaw Ratings for Homeowners Insurance in Utah | N/A | 0.24 |
| Nationwide Ratings for Homeowners Insurance in Utah | 2/5 | 0.73 |
| State Farm Ratings for Homeowners Insurance in Utah | 4/5 | 0.2 |
| Travelers Ratings for Homeowners Insurance in Utah | 2/5 | 0.3 |
| USAA Ratings for Homeowners Insurance in Utah | 5/5 | 0.15 |
How to Lower Homeowners Insurance in Utah
Homeowners insurance in Utah costs hundreds of dollars a year or more. Utah homeowners insurance rates were increasing in 2020. Utah is among the top 5 states in the country with the highest rate changes for homeowners insurance. From 2019 to 2020, Utah’s homeowner's insurance premiums across the state have increased, on average, by 4.2 percent. When shopping for homeowners insurance in Utah, the premiums you are quoted can vary by hundreds of dollars, depending on the insurance company and the type of policy you buy. Here are some tips on how to lower homeowners insurance in Utah. Utah homeowners insurance discounts are typically available. Insurance companies offer several types of discounts, but they do not all offer the same discount or the same amount of discount in all states. For example, retirees may qualify for a discount of up to 10 percent at some insurance companies. Companies and professional associations may also administer group insurance programs that offer their employees and members a discount. You can also consider bundling your insurance policies with one company. Some insurance companies that sell homeowners and car insurance will provide discounts if you buy both policies from them. Finding discounts requires research, and sometimes, reaching out to insurance agents can help determine what discounts may apply to your unique situation.
Compare Homeowners Insurance in Utah Before Buying
Before buying, it is important to compare homeowners insurance in Utah by receiving multiple quotes from different insurance companies. Find affordable homeowners insurance in Utah and ensure that you are getting the best price and coverage for your needs. Shopping for homeowners insurance in Utah is easier than ever before, with accessible online tools, rankings, and resources to help guide you through this process. For example, you can get information from the Utah Insurance Department to learn more about buying Utah homeowners insurance. You can also reach out to insurance companies directly to learn more about their policies. The time and effort you put in upfront to shop for the best homeowners insurance in Utah are well worth it to protect your home.