Home Insurance Utah
If you own a home in Utah, you probably know that having sufficient homeowners
insurance coverage is necessary.
The state is known for its beautiful landscape, a strong job market, and high quality of life, but it’s also prone to a number of natural disasters, including floods, wildfires, winter storms, landslides, and tornadoes.
Therefore, the importance of having home insurance in Utah cannot be
overstated.
The policy provides coverage against natural disasters and protects
you from financial liability in case of major and minor damage to your home and its
contents.
In addition, a good home insurance gives you peace of mind, knowing that you
are protected against unforeseen circumstances.
With so many home insurance providers in Utah, choosing the right one for you can be
overwhelming. Furthermore, this insurance coverage can be expensive,
depending on your coverage inclusions and level.
As a homeowner in Utah, you don’t want to spend more than you need to on home insurance, so it’s easy to understand why you’ll want to find a cheap local insurance that meets your needs.
A cheap home insurance can provide you with the financial protection you need while helping you stay within your budget.
The average annual cost of home insurance in Utah is $897 ($75 per month). This is
much lower than the national average homeowners insurance premium of $1,249 per year.
However, the price you pay for your home insurance can vary by hundreds of dollars, depending on the insurance provider you buy your policy from.
In this article, we will provide you with a list of the top five cheapest insurance
providers to help make your decision process easier.
We’ve obtained cost information in Utah and have
identified 5 companies that consistently offer affordable price-quality home insurance coverage in Utah.
Table of Contents
The average annual cost of home insurance in Utah is $897 ($75 per month). This is much lower than the national average homeowners insurance premium of $1,249 per year.
Top 5 - Cheapest Home Insurance Utah
1. Farmers Insurance Group
Farmers Insurance provides the cheapest home insurance rate in Utah at $600 per year, on average. This is around 33% cheaper than the average rate for in Utah which is $897 per year.
Farmers has an affordable standard coverage package that includes free replacement cost coverage in the event of a loss. They also offer an eco-friendly rebuild option.
Farmers Insurance offers many discounts to help homeowners in Utah lower the cost of their coverage.
For instance, you can pay even lower rates if your home was built less than 14 years ago and pay your bill on time.
2. State Farm Insurance Company
State Farm Insurance is an option to consider when you are looking for cheap Utah home insurance coverage. Their average rate for home insurance is $809 per year.
Although their rates are slightly higher than what Farmers Insurance offers, they provide a number of discounts that homeowners can take advantage of and save money.
State Farm allows policy holders to bundle their home insurance coverage with other policies and enjoy impressive discounts. You may also qualify for homeowners insurance discounts if you’ve installed a robust home security system in your property.
Apart from offering good home insurance rates in Utah, State Farm provides you with quick and efficient ways to file and track claims.
3. Allstate Insurance
This home insurance carrier offers excellent home insurance coverage for homeowners in Utah looking for affordable rates.
Their average rate in Utah is $768, which is significantly lower than the national average.
Allstate Insurance offers affordable standard homeowners insurance policies to protect homeowners against damage caused by a wide range of risks, including theft, windstorm, falling objects, fire & smoke, water damage from plumbing, and more.
Allstate Insurance allows you to save up to 25% when you bundle home and auto policies.
They also offer great discounts for recent homebuyers and those who purchase a newly constructed home. You can also get more discounts for having a good payment history.
4. American Family Insurance
American Family offers some of the cheapest Utah home insurance premiums with many coverage options for personalization.
The average price in Utah from American Family is $707 per year, which is a 44% savings from the national average.
American Family allows homeowners to save up to 20% on home insurance by bundling home insurance and auto insurance policies together.
They also offer unique coverage add-ons like hidden water damage coverage, equipment breakdown damage, sewer backup and sump pump overflow coverage, and matching siding protection.
You can enjoy impressive discounts if you install a smart home security system, replace older home plumbing systems, and if your home is under 15 years old.
5. Travelers insurance
Travelers not only provide cheaper rates for home insurance in Utah, but they are also renowned for a trustworthy reputation. Their average annual cost of home insurance in Utah is $811.
Travelers provides dwelling coverage and personal property coverage to protect homeowners against unforeseen losses. Apart from offering the standard set of coverage,
Travelers offers a number of add-ons, including contents replacement cost, green coverage, water backup coverage, and more.
Contrary to what some homeowners in Utah believe, you do not need to choose between good Utah home insurance coverage and an affordable rate when choosing an insurance provider.
Cheap home insurance can include great coverage too.
In order to find cheap homeowners insurance Utah, look for providers that offer discounts and unique benefits. It is wise to shop around and compare rates and benefits before you buy your home insurance.
Are Utah Home Insurance Brokers Regulated?
The brokers in Utah are regulated by the Utah Insurance Department, which is part of the insurance regulatory framework that is designed to protect policyholders through effective regulation of the insurance marketplace.
The Utah Insurance Department requires insurance brokers to operate within the provisions of the law and insurance regulations.
They establish standards and best practices within the insurance industry, and provide regulatory oversight to protect the interests of consumers.
The department is empowered to take actions against insurance brokers who fail to conduct their business according to the law and regulations.