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


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Updated: May 20, 2024

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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.

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2024

Cheapest Car Insurance in Salt Lake City, UT

Why Trust MoneyGeek? To evaluate and compare Salt Lake City auto insurance providers, we gathered information from the Utah Insurance Department and Quadrant Information Services.

35,040Quotes Analyzed
 
12Companies Compared

Cheapest Minimum Coverage Car Insurance in Salt Lake City

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
Farmers Union InsuranceAnnual Premium$427Monthly Premium$36
Auto-Owners Insurance CoAnnual Premium$479Monthly Premium$40
GEICOAnnual Premium$485Monthly Premium$40
NationwideAnnual Premium$505Monthly Premium$42
ProgressiveAnnual Premium$528Monthly Premium$44
State FarmAnnual Premium$581Monthly Premium$48
Iowa Farm BureauAnnual Premium$617Monthly Premium$51
FarmersAnnual Premium$684Monthly Premium$57
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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.

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MONEYGEEK EXPERT TIP

Utah does not require drivers to have uninsured/underinsured motorist (UM/UIM) coverage, but every company must offer it, and the policyholder has to decline it in writing. But reconsider declining this coverage, whether you have a liability-only policy or full coverage, because if you are hit by a driver who does not have insurance or is underinsured, it covers the expenses you incur, such as medical bills. You'll also have coverage for hit-and-runs with UM. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Full Coverage Car Insurance in Salt Lake City

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Auto-Owners Insurance CoAnnual Premium$839Monthly Premium$70
NationwideAnnual Premium$844Monthly Premium$70
GEICOAnnual Premium$885Monthly Premium$74
Farmers Union InsuranceAnnual Premium$903Monthly Premium$75
American FamilyAnnual Premium$1,042Monthly Premium$87
State FarmAnnual Premium$1,063Monthly Premium$89
ProgressiveAnnual Premium$1,087Monthly Premium$91
Iowa Farm BureauAnnual Premium$1,136Monthly Premium$95

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.

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Cheapest Car Insurance in Salt Lake City After a Driving Offense

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
NationwideAnnual Premium$996Monthly Premium$83
GEICOAnnual Premium$1,094Monthly Premium$91
Auto-Owners Insurance CoAnnual Premium$1,111Monthly Premium$93
State FarmAnnual Premium$1,174Monthly Premium$98
Farmers Union InsuranceAnnual Premium$1,222Monthly Premium$102
American FamilyAnnual Premium$1,276Monthly Premium$106
AllstateAnnual Premium$1,376Monthly Premium$115
Iowa Farm BureauAnnual Premium$1,381Monthly Premium$115

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.

Cheapest Car Insurance in Salt Lake City for Teens and Their Families

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.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,497Individual Plan Monthly Premium$6,267
AllstateFamily Plan Annual Premium$2,460Individual Plan Monthly Premium$11,421
State FarmFamily Plan Annual Premium$2,585Individual Plan Monthly Premium$9,110
GEICOFamily Plan Annual Premium$2,677Individual Plan Monthly Premium$22,576
Auto-Owners Insurance CoFamily Plan Annual Premium$2,701Individual Plan Monthly Premium$9,679
ProgressiveFamily Plan Annual Premium$2,741Individual Plan Monthly Premium$16,483
FarmersFamily Plan Annual Premium$2,872Individual Plan Monthly Premium$15,399
KemperFamily Plan Annual Premium$11,229Individual Plan Monthly Premium$18,716

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.

Cheapest Car Insurance in Salt Lake City for Military Drivers

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
USAAAnnual Premium$694Monthly Premium$58
Auto-Owners Insurance CoAnnual Premium$839Monthly Premium$70
NationwideAnnual Premium$844Monthly Premium$70
GEICOAnnual Premium$885Monthly Premium$74
Farmers Union InsuranceAnnual Premium$903Monthly Premium$75
American FamilyAnnual Premium$1,042Monthly Premium$87
State FarmAnnual Premium$1,063Monthly Premium$89
ProgressiveAnnual Premium$1,087Monthly Premium$91

How to Compare Cheap Salt Lake City Car Insurance Quotes Online

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.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jul 15, 2024

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Cheapest Car Insurance in Salt Lake City for Young Adults

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
GEICOAnnual Premium$998Monthly Premium$83
NationwideAnnual Premium$1,050Monthly Premium$88
Auto-Owners Insurance CoAnnual Premium$1,171Monthly Premium$98
Iowa Farm BureauAnnual Premium$1,214Monthly Premium$101
AllstateAnnual Premium$1,302Monthly Premium$108
American FamilyAnnual Premium$1,302Monthly Premium$109
ProgressiveAnnual Premium$1,335Monthly Premium$111
State FarmAnnual Premium$1,350Monthly Premium$112

Cheapest Car Insurance in Salt Lake City for Seniors

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium$778Monthly Premium$65
Auto-Owners Insurance CoAnnual Premium$846Monthly Premium$71
Farmers Union InsuranceAnnual Premium$874Monthly Premium$73
GEICOAnnual Premium$920Monthly Premium$77
State FarmAnnual Premium$983Monthly Premium$82
American FamilyAnnual Premium$1,036Monthly Premium$86
ProgressiveAnnual Premium$1,052Monthly Premium$88
Iowa Farm BureauAnnual Premium$1,101Monthly Premium$92

Cheapest Car Insurance in Salt Lake City for Poor Credit

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium1,144Monthly Premium95
Farmers Union InsuranceAnnual Premium1,626Monthly Premium136
GEICOAnnual Premium1,646Monthly Premium137
ProgressiveAnnual Premium1,730Monthly Premium144
American FamilyAnnual Premium1,797Monthly Premium150
FarmersAnnual Premium1,914Monthly Premium160
AllstateAnnual Premium2,013Monthly Premium168

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.

Cheapest Car Insurance in Salt Lake City for Sports Cars

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Auto-Owners Insurance CoAnnual Premium$851Monthly Premium$71
GEICOAnnual Premium$935Monthly Premium$78
NationwideAnnual Premium$950Monthly Premium$79
American FamilyAnnual Premium$974Monthly Premium$81
FarmersAnnual Premium$1,097Monthly Premium$91
AllstateAnnual Premium$1,202Monthly Premium$100
State FarmAnnual Premium$1,269Monthly Premium$106

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.

Average Cost of Car Insurance in Salt Lake City

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.

ProvoFull Coverage Average Annual Premium$1,028Minimum Coverage Average Annual Premium$579
West JordanFull Coverage Average Annual Premium$1,100Minimum Coverage Average Annual Premium$629
Salt Lake CityFull Coverage Average Annual Premium$1,117Minimum Coverage Average Annual Premium$614
West Valley CityFull Coverage Average Annual Premium$1,162Minimum Coverage Average Annual Premium$657

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.