Cheapest Car Insurance Companies in Salt Lake City, UT (2024 Rates)

Your driver profile and unique needs will determine which auto insurance is the cheapest. Auto-Owners is the cheapest for full coverage and sports cars, while Farmers Union has the lowest minimum coverage rates. Nationwide offers the cheapest policies for teens, seniors, drivers with speeding tickets and those with bad credit. American Family has the lowest rates for drivers with at-fault accidents, while State Farm is the cheapest with a DUI. USAA has the most affordable rates for military drivers, and GEICO charges the least for young adults.

MoneyGeek also ranked the best auto insurance companies in Salt Lake City, regardless of price.

The following Salt Lake City auto insurance companies provide the cheapest minimum coverage plans:

• Farmers Union: $427 per year
• Auto-Owners: $479 per year

Allstate offers minimum coverage insurance for $788 a year, making it the costliest provider in the city. On a statewide basis, Farmers Union has the cheapest auto insurance in Utah at $396 per year, showing how your location can affect your rate.

The minimum liability requirements for auto insurance policies in Utah include bodily injury liability, property damage liability and personal injury protection:

• $25,000 bodily injury liability per person
• $65,000 bodily injury liability per accident
• $15,000 property damage liability per accident
• $3,000 personal injury protection (PIP)

If you have minimum coverage and cause a collision with third-party injuries, your insurance will only pay up to $65,000 in medical fees, with a per-person maximum of $25,000. You are responsible for paying any amounts exceeding these limits.

In Salt Lake City, the following companies provide full coverage car insurance at the most affordable prices:

• Auto-Owners: $839 per year
• Nationwide: $844 per year

The most expensive insurer in Utah is Allstate, with full coverage insurance costing an average of $1,236 a year. Zooming out to look at the entire state, Nationwide is our top pick for cheap full coverage auto insurance in Utah as of October 2022, with an average rate of $725 a year. This shows that rates in Salt Lake City are typically higher than in other cities in Utah.

Compared to minimum coverage auto insurance, a full coverage policy adds comprehensive and collision coverage.

• Collision insurance: Covers damage to your vehicle after a collision with another vehicle or object, such as a tree, fence or light pole. Collision also covers rollover accidents and pothole damage.
• Comprehensive insurance: Covers damage to your vehicle from non-collision incidents, such as theft, vandalism, fire and severe weather hazards, such as hail and flood.

Full coverage vehicle insurance can be a good investment if you have a new car. However, the additional cost might not be justified if your car is an older model, as spending hundreds more per year may not be worthwhile for a low-value car.

For drivers with citations, the following businesses in Salt Lake City provide the most affordable car insurance:

• Speeding ticket: Nationwide ($996 per year)
• At-fault accident: American Family ($1,042 per year)
• DUI: State Farm ($1,174 per year)

While Farmers charges the highest average annual premiums for drivers with speeding tickets ($1,548) and at-fault accidents ($1,913), Iowa Farm Bureau has the highest rates for drivers with DUIs at $2,647.

As driving infractions may significantly raise rates, even the cheapest auto insurance premiums will still be more expensive than rates for drivers with clean records.

To avoid a rate increase after your first at-fault accident, include accident forgiveness coverage on your auto policy. It stops your premium from increasing and is available from many insurers.

Auto insurance prices tend to rise more for serious infractions. For instance, you’ll pay around $255 more per year for car insurance if you have a ticket compared to a clean record, while a DUI will result in an additional $709 in yearly costs. Despite this, it is still possible to find cheap car insurance with a bad driving record by comparing rates from multiple providers.

The following companies in Salt Lake City provide the lowest rates for adding a teen driver to a family policy:

• Nationwide: $1,497 per year for female teens; $1,679 per year for male teens
• Allstate: $2,460 per year for female teens; $2,585 per year for male teens

Teen auto insurance on a family plan is the most expensive with Farmers for teen girls, costing an average of $2,872 a year, and for teen boys, State Farm is the most at $3,243 annually.

Teen girls often pay less for insurance since they tend to be less risky drivers than boys. For instance, Nationwide charges teen boys $182 more in Salt Lake City than teen girls, but this pricing gap usually disappears by the time they reach early adulthood.

The cheapest auto insurance for teens can be found by enrolling the teen in a family policy rather than purchasing an individual policy. Plus, if under 18, a teen cannot purchase their own auto insurance policy without the written consent of a parent or guardian. Full coverage insurance for a 16-year-old boy on a family policy in Salt Lake City costs around $3,782 less per year than buying the teen his own policy.

For those with military affiliation, the following companies in Salt Lake City offer full coverage auto insurance at the lowest rates:

• USAA: $694 per year
• Auto-Owners: $839 per year

USAA also offers the cheapest minimum coverage policy, with an average annual premium of $364 — USAA has the lowest auto insurance rates for military drivers, followed by Farmers Union at $427 a year.

Military community members may also save a great deal by choosing GEICO for auto insurance. It offers coverages and discounts that cater to them.

The best way to obtain the cheapest auto insurance in Salt Lake City is to compare online quotes from different providers. This approach normally takes 15 minutes or more for each insurer and requires entering a lot of data.

The auto insurance calculator from MoneyGeek may come in handy if you need a quick cost estimate. Simply enter your age, driving history, vehicle information and chosen coverage levels.

These insurers in Salt Lake City provide the most affordable car insurance for young adults:

• GEICO: $998 per year
• Nationwide: $1,050 per year

With an average annual premium of $1,463 for a full coverage policy, Farmers is the priciest insurer. Young adults typically pay higher rates than middle-aged drivers — in Salt Lake City, those in their 20s pay an additional $245 on average than those in their 40s.

The following companies in Salt Lake City offer the cheapest auto insurance for seniors:

• Nationwide: $778 per year
• Auto-Owners: $846 per year

Allstate has the most expensive insurance for seniors, with a full coverage policy costing $1,360 per year. MoneyGeek found that In Salt Lake City, drivers in their 60s pay an average of $11 less per year for auto insurance than those in their 40s — senior drivers usually pay more, so this is rare nationwide. However, rates for seniors will increase as they age into their 70s and 80s.

The following companies in Salt Lake City provide the most affordable full coverage car insurance for drivers with poor credit:

• Nationwide: $1,144 per year
• Farmers Union: $1,626 per year

State Farm is the most expensive insurer, with a cost of $3,552 per year. Drivers in Salt Lake City with bad credit have to pay $921 more (82%) for annual auto insurance than drivers with good credit. Although premiums are frequently higher, it is still possible to find affordable auto insurance with bad credit if you shop around and compare quotes.

Auto insurance providers tend to think that drivers with poor credit are more likely to file claims, leading to higher rates. There are a number of ways to reduce the price of insurance, including looking for discounts, bundling auto with another policy such as home or renters insurance and comparing quotes from multiple insurers. By improving your credit score over time, you may also get lower premiums.

For full coverage policies, the following companies in Salt Lake City provide the most affordable auto insurance rates for sports car owners:

• Auto-Owners: $851 per year
• GEICO: $935 per year

The highest yearly rate in the city is $1,340 from Progressive. The kind of car you drive tends to impact your premium. Toyota Camry drivers in Salt Lake City generally spend $1,117 per year on full coverage auto insurance. Your premium increases by about 7% to $1,195 if you drive a Mustang.

MoneyGeek gathered estimates for Ford Mustang drivers to determine how driving a sports car influences your auto insurance premiums. Premiums differ depending on which model you own. In Salt Lake City, insurance rates are usually higher for sports, electric and luxury cars.

The average annual cost of auto insurance in Salt Lake City is $1,117. This is for full coverage insurance with bodily injury liability limits of $100,000 per person and $300,000 per accident, plus $100,000 per accident for property damage.

Location is one of the many factors that influence rates. In Salt Lake City, the cost of auto insurance is $64 higher than the Utah state average. In comparison, Provo's typical auto insurance premium is $1,028, while West Jordan's is $1,100. Utah’s average car insurance rates are much cheaper than the national average cost of auto insurance, which is $1,265 per year.