The Best Bundled Insurance in Utah
The Best Home and Auto Bundles in Utah
MoneyGeek assessed Utah’s bundle insurance providers based on pricing, quality and discounts. According to our analysis, the following insurance providers provide the best home and auto insurance bundles in Utah:
- State Farm: MoneyGeek score of 81 out of 100
- Farmers: MoneyGeek score of 81 out of 100
The insurance bundle from State Farm scored the highest, and even if it isn't the most affordable, it offers the best discounts and coverage. Farmers also ranked high after earning a perfect score for its discounts.
Earned a 5 out of 5 score for discounts
Earned above-average home insurance satisfaction
Offers several bundling options for homeowners policyholders
Received 3 out of 5 auto insurance satisfaction score
Does not offer gap insurance or deductible modification coverage
MoneyGeek’s data indicates State Farm offers the best auto and home insurance bundles in Utah at a yearly premium of $2,123. When you bundle your policies with State Farm, you can save15%, or $369, on your premium.
State Farm is a well-regarded auto insurer with a stellar track record. Some State Farm auto insurance add-on coverages include roadside assistance, rental car reimbursement and travel reimbursement. These are in addition to standard coverages, such as liability insurance, comprehensive and collision insurance.
State Farm is also a solid option for homeowners insurance, offering the industry average of seven discounts. State Farm's home insurance also provides a range of coverages, including earthquake damage, building ordinances, back-up of a sewer or drain, ID theft, scheduled personal property, loss assessment and mold.
Earned a 4 out of 5 home insurance satisfaction score
Earned a 5 out of 5 score for discounts
Offers highly affordable home insurance
Received a 3 out of 5 auto insurance satisfaction score
Has expensive policies for young drivers
According to MoneyGeek's analysis, Farmers offers Utah's second-best home and auto insurance bundles, with a yearly rate of about $1,668. Bundling with State Farm can reduce your premium by $88, approximately 5%.
Farmers auto insurance received favorable ratings for complaints and stability but not for other aspects like customer satisfaction. Apart from standard coverages, Farmers offers rare coverage selections, including glass deductible modification add-on coverage and custom parts coverage.
Farmers also offers affordable home insurance and has a solid reputation for financial stability. With 13 available discounts, Farmers home insurance provides incentives, such as claim forgiveness, new home, paperless, bundle, deductible reward and earthquake discounts, among others.
The Best Home and Auto Bundles in Utah for Military Backgrounds
USAA, offering the best home and auto insurance bundles in Utah, earned a MoneyGeek rating of 90 out of 100. USAA policies are excellent options for active-duty and retired military personnel in Utah but are not available to the general population.
USAA achieved perfect MoneyGeek ratings for both home and auto insurance. Its bundled policies are only available to military members and their families.
Although USAA auto insurance does not offer any special insurance coverages, it does provide conventional collision, comprehensive and liability insurance — standard among other auto insurers.
Meanwhile, USAA homeowners insurance is a leading option for military families in Utah. However, USAA only offers basic discounts, such as bundling, safety equipment and claims-free coverage.
The Best Home and Auto Bundle Discounts in Utah
By bundling home and auto insurance, Utah residents can save an average of 11%, or $228, on their yearly premiums. According to MoneyGeek's data, State Farm provides the highest discount in the state (15%), whereas Farmers offers the lowest discount (5%).
The highest discount rate does not necessarily result in the lowest price. For example, although State Farm offers the highest discount rate, it does not result in the cheapest home and auto insurance bundle in Utah. On the other hand, Nationwide provides a 10% discount, but the lowest rates.
The Cheapest Home and Auto Bundles in Utah
MoneyGeek's analysis shows the following insurance companies provide Utah residents with the most affordable home and auto insurance bundles:
- Nationwide: $1,632 per year
- Allstate: $1,662 per year
However, the cheapest option might not be the best fit for your needs. MoneyGeek advises weighing each insurance provider's pros and cons to maximize your long-term savings.
Nationwide offers the cheapest home and auto insurance bundles in Utah. A bundled policy costs $1,632, 10% less than purchasing the company’s home and auto insurance policies separately.
For most drivers, including those with full and minimum coverage, drivers with violations and young drivers, Nationwide auto insurance costs are moderate, at an average rate of $1,341 per year. Meanwhile, the average Nationwide home insurance cost is $1,979 per year, although this might vary depending on your age and your home’s location and type of construction.
The Cheapest Non-Bundle Insurance Combinations in Utah
Sometimes, buying home and auto insurance from two different providers can be cheaper than bundling them under one company. For example, if you purchase Farmers home insurance ($464) and Nationwide auto insurance ($1,041), the total cost is $127 less than Nationwide’s $1,632 home and auto insurance bundle.
Should You Bundle Home and Auto Insurance in Utah?
You can lower your monthly premiums by bundling your auto and home insurance. Additionally, combining two distinct policies into one is convenient and streamlines your payment process. However, bundling may not be the cheapest option for everyone.
Bundle discounts in Utah can save you between 5% and 15% per year.
Utah residents save as much as 15% when they bundle their home and car insurance through State Farm. When bundling with Farmers, the savings are about 5%.
Bundles are a convenient way to combine your most important property insurance policies.
You can lower your monthly premiums by bundling your auto and home insurance. In addition, combining two distinct policies into one simplifies policy management and payment procedures.
In rare cases, it might be better not to bundle in Utah.
MoneyGeek’s research shows that in Utah, separately purchasing Farmers home insurance ($464) and Nationwide auto insurance ($1,041) costs $127 less than the $1,632 Nationwide home and auto insurance bundle.
About Mark Fitzpatrick