The average annual premium in Salt Lake City for auto insurance is $1,154 per year, equal to the state average. GEICO, the cheapest widely available insurer, has an average rate of $677. MoneyGeek analyzed the cheapest companies by coverage amount and driver types. MoneyGeek also ranked the best auto insurers in Salt Lake City based on cost and quality.
Compare the Cheapest Car Insurance Quotes in Salt Lake City, UT
The Cheapest and Best Car Insurance in Salt Lake City
The Cheapest Car Insurance Companies in Salt Lake City
Based on affordability, the best companies for a full coverage policy in Salt Lake City are:
- USAA: $644 annually (only available to current and former military members)
- GEICO: $677 annually
In terms of affordability, the cheapest option in Salt Lake City is USAA, with an average annual premium of $644. However, USAA policies are only open to military members and their families. For those who do not qualify, the most affordable option will likely be GEICO. Its annual premium costs $677 on average, which is $477 less than the city average. Meanwhile, the most expensive among the car insurance companies in Salt Lake City is Progressive. The average annual premium for a Progressive policy is $1,554, which is more than double the amount that GEICO policyholders pay.
The prices in this study are based on a full coverage policy, including liability insurance as well as comprehensive and collision insurance for a 40-year-old male driver.
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Average Cost of Car Insurance in Salt Lake City
On average, the cost of auto insurance in Salt Lake City is around $1,154. In comparison, this rate is the same as the state average annual premium but slightly lower than the national rate. Salt Lake City drivers pay approximately 19% less than the average rate in the country, which is $1,424.
The Best Car Insurance Companies in Salt Lake City
MoneyGeek ranked the best car insurance companies in Salt Lake City to help drivers looking for a balance of affordability and quality service. Based on MoneyGeek’s study, the best companies in the city for most drivers are:
- State Farm: MoneyGeek score of 90 out of 100
- GEICO: MoneyGeek score of 90 out of 100
USAA received the highest score in Salt Lake City by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To calculate final scores out of 100, MoneyGeek used J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Salt Lake City
Insurance carriers calculate car insurance quotes in Salt Lake City by evaluating the risks associated with a driver. These determining factors may include your age, gender, marital status, driving history, ZIP code and vehicle. For example, in Salt Lake City, middle-aged drivers tend to get the cheapest deals. Meanwhile, teen drivers get higher premiums.
A 40-year-old male pays an average of $677 for a GEICO policy in this city. On the other hand, the rate for an 18-year-old male is almost four times that amount on average. This is why it is important to regularly compare quotes from different companies. Since your circumstances can change, your auto insurance premiums may also fluctuate and you may qualify for discounts, rebates or other savings.
Shopping around for car insurance in Salt Lake City could save you $477, which is enough to buy:
Cheapest Car Insurance in Salt Lake City by Coverage Amount
In Salt Lake City and elsewhere, how much coverage you purchase is one of the biggest factors affecting the cost of your auto insurance. A policy only meeting state minimums costs $734 on average in Salt Lake City, while a full coverage policy with higher liability limits costs an average of $1,154, a difference of $420.
Utah Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $65,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.
- Personal Injury Protection$3,000 per person.
Before choosing a policy, you also need to ask yourself whether the state minimum liability-only coverage will be enough. GEICO offers this level of coverage for an average of $393 per year.
For additional protection, you may opt for either a 50/100/50 liability-only or full-coverage policy. GEICO charges around $477 for the liability-only package and $610 on average for the full-coverage option.
You can also choose a more comprehensive policy that can cover more injuries and damages. Car insurance companies in Salt Lake City also offer 100/300/100 full-coverage policies, which GEICO offers for an average rate of $677 per year.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Salt Lake City if You Have Driving Violations
Keeping a clean driving record helps you get the cheapest rates on the best car insurance in Salt Lake City. Getting tickets for moving violations increases auto insurance premiums. A Salt Lake City driver with a DUI conviction can pay more than twice the annual premium of a driver with no violations.
For instance, a GEICO policyholder with a clean record pays an annual premium of $677 on average. If you have a speeding ticket, that rate increases by roughly $161, and an at-fault accident adds an average of $480. Meanwhile, drivers with DUI convictions pay $857 more on average than drivers with clean records.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Average car insurance rates in Salt Lake City also depend on where you live. Annual average premiums based on ZIP codes in this city vary by $85 from the most expensive to least expensive neighborhoods.
- Zip CodeState Minimumper year
Top Agents Offering Affordable Car Insurance in Salt Lake City
Factors That Impact Insurance Costs in Salt Lake City
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Salt Lake City. How Salt Lake City ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Salt Lake City are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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