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You can save money if you know how to calculate how much car insurance you'll need in Utah. You can estimate your auto insurance prices with MoneyGeek's easy-to-use car insurance calculator.
MoneyGeek took a deep dive into how car insurance prices are calculated in Utah. We created this guide to help you figure out how much your auto insurance in Utah will cost and which factors will affect your rate the most.
Utah Car Insurance Calculator: How it Gets You an Instant, Free Estimate
Because of the amount of information that must be provided, getting car insurance quotes in Utah typically takes around 10–15 minutes.
However, MoneyGeek's car insurance calculator in Utah generates an estimated cost in a fraction of this time. You'll get a personalized estimate of Utah car insurance premiums by entering personal details in our car insurance calculator, such as your age, vehicle type, driving record and coverage levels.
According to our research, adding a teen driver, credit score and the age of the driver are the factors that have the biggest influence on auto insurance costs in Utah. These factors, however, may change depending on your individual profile.
Many aspects go into determining the cheapest insurers in Utah for each driver, but our calculator can give you a rough estimate. Our default driver pays $417 per year for auto insurance with GEICO, which is the cheapest option among the state’s widely available insurance providers.
Pricing, while important, isn't everything. You'll want to choose a company that also provides excellent service and the coverage you need.
Use our car insurance calculator or look through our list of sample drivers with the cheapest car insurance rates in Utah to get a sense of what your premiums will be.
Look into the average cost of car insurance in Utah to get a better idea of how your state's insurance premiums compare to others.
If you're not only concerned with pricing and also emphasize service quality, MoneyGeek also ranked the best auto insurance companies in Utah.
How Car Insurance Premiums are Calculated in Utah
In Utah, auto insurance companies consider various factors to determine your car insurance rate. The most important factors to consider when determining your premiums are adding a teen driver, credit scores and the age of the driver. Adding a teen driver to your policy could easily triple your car insurance costs in Utah.
How Much Adding a Teen Driver Matters in Calculating Car Insurance in Utah
Car insurance rates may significantly increase if you add a teen driver to your coverage. Since young drivers lack experience behind the wheel, insurers usually charge a higher premium if you add them to your insurance policy. This is also the biggest factor in determining your premiums in Utah, increasing your car insurance cost by around 3x.
How Much Credit Score Matters in Calculating Car Insurance in Utah
To receive the cheapest auto insurance rates in Utah, you must have a good credit score. You can save a significant amount on your insurance if you have an excellent credit score, combined with a clean driving record and no history of accidents.
With a poor credit score, you'll have to pay around 2.4x more than if you had a good credit score in Utah.
How Much Age of Driver Matters in Calculating Car Insurance in Utah
In Utah, the age of the driver plays a big role when determining car insurance price. That’s because younger drivers, with their lack of experience, are more prone to getting involved in accidents than adult drivers.
A 40-year-old individual pays the cheapest car insurance in Utah while 19- and 20-year-old drivers pay roughly 2.4x more.
How Much Car Model Matters in Calculating Car Insurance in Utah
Your auto insurance prices are influenced by the type of vehicle you drive. High-end automobiles are more expensive to maintain than conventional cars and their replacement value is higher, resulting in higher premium costs. Furthermore, certain models are more vulnerable to theft and damage than others, requiring additional coverage. For instance, luxury sports cars are about 2x more expensive to insure than compact SUVs in Utah.
How Much Coverage Levels Matters in Calculating Car Insurance in Utah
Premiums are also determined by the amount of coverage you get. To calculate your insurance cost, an insurer needs to know your annual mileage, what sort of coverage you require and what your deductible is.
The state minimum liability-only insurance is the cheapest, while full coverage with increased liability limits is the most expensive. Your premiums might be 1.8x higher if you get a full coverage policy.
How to Calculate How Much Car Insurance You Need in Utah
The amount of insurance you buy has a big impact on how much you pay for car insurance in Utah. Knowing how much you need makes it easier to find the right balance between price and protection.
Utah requires bodily injury liability coverage as well as property damage liability and personal injury protection (PIP) insurance. You may also want to consider obtaining additional liability coverage or adding comprehensive and collision insurance, depending on your circumstances.
Understand Utah car insurance requirements
You may find out how much car insurance you need to buy by examining Utah’s minimum auto insurance requirements. Bear in mind, however, that Utah’s state minimum only covers $25,000 bodily injury liability per person, $65,000 bodily injury liability per accident, $15,000 property damage liability per accident and $3,000 personal injury protection per person. Utah does not require comprehensive and collision insurance.
Consider Purchasing Additional Liability Insurance
Drivers who wish to be financially protected in the event of serious accidents may need higher liability insurance limits that cover more than the state's minimum.
Let’s consider a hypothetical to illustrate this point. If it costs an average of $882 per year to get a policy with 100/300/100 liability limits in Utah, it would cost only $653 for the state's minimum liability coverage.
Decide whether or not to buy comprehensive and collision insurance
In Utah, you can choose whether or not to get comprehensive and collision insurance coverage. Lenders, however, often require full coverage. In addition, full coverage might be a good idea since it provides protection for your own vehicle in an at-fault accident.
With a $1,000 deductible, adding comprehensive and collision coverage costs around $258 per year in Utah. It might not be a good idea to include such coverage if you have an old car, as you’d be spending hundreds of extra dollars each year to insure a car that's only worth a few thousand dollars.
Consider buying additional protection besides these core coverages
Uninsured/underinsured motorist coverage is not required by the law in Utah. Only 6.5% of motorists in Utah are uninsured or underinsured, but it might still be a good idea to get this kind of protection.
On the other hand, personal injury protection (PIP) is required by the state. However, you can still add more medical payments coverage than Utah mandates to help you pay for medical expenditures incurred as a result of a car accident.
Frequently Asked Questions About How Car Insurance is Calculated in Utah
Knowing the answers to some of the most frequently asked questions about how to calculate insurance premiums in Utah can help you make an informed decision.
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Utah. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick