Cheap Utah Low-Income Car Insurance for Families and Individuals

Utah does not have a government assistance program for low-income drivers seeking car insurance. MoneyGeek found that GEICO offers the cheapest car insurance for low-income families and individuals in Utah.

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Last Updated: 4/19/2022
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Your income isn’t used in calculating your car insurance rates in Utah. Factors that affect the cost of your premiums the most are your credit score and adding a teen driver to your policy. MoneyGeek calculated the cheapest options for low-income individuals and families based on their credit scores.

Is There Car Insurance for Low-Income Families and Individuals in Utah?

There’s no government car insurance program in Utah to assist low-income individuals and families with car insurance costs. Even though car insurance is mandatory in all states, some drivers may avoid buying a policy because it’s too expensive for them. As it stands, about 6.5% of drivers in Utah are uninsured.

If you’re looking for the cheapest car insurance in Utah, your best option would be a minimum coverage policy. You may also consider pay-per-mile car insurance, which is an affordable option if you drive infrequently.

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Does Utah Have a Government Program to Support Low-Income Drivers with Insurance?

The state of Utah doesn’t have a government assistance program for low-income drivers. To get an affordable car insurance policy, you may need to compare quotes across several car insurance providers. MoneyGeek analyzed the cheapest car insurance companies for low-income drivers who want to save money on car insurance.

The Cheapest Utah Car Insurance Companies for Low-Income Drivers

In Utah, car insurance companies don’t consider income when calculating car insurance rates. However, factors typically related to income, such as age and credit score, have a significant effect.

The cheapest car insurance you can get is a minimum coverage policy, though it provides the least protection. MoneyGeek found that GEICO is the cheapest car insurance company for different types of low-income drivers in Utah. We analyzed the cheapest minimum car insurance for low-income families and individuals of different ages.

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The Cheapest Utah Car Insurance Companies for Low-Income Families

While car insurance rates aren’t affected by income, the credit scores of low-income families can greatly affect their premiums. Single parents with a poor credit score in Utah pay approximately $2,050 per year more than they would with a good credit score. Couples with a kid and poor credit score pay about $2,944 more than if they had a good credit score.

MoneyGeek found that the two cheapest companies for a couple with a kid and poor credit score are:

  • GEICO: $3,551 per year
  • Farmers: $5,676 per year

If your family has a military background, the best option would be USAA. The company offers the cheapest car insurance rates in Utah at an average of $3,171 per year for a couple with a kid and poor credit score.

For single parents with poor credit scores, MoneyGeek found that the two cheapest companies are:

  • GEICO: $2,450 per year
  • Nationwide: $4,183 per year

In Utah, USAA is the cheapest option for single parents with poor credit scores, offering car insurance rates at $2,048 per year on average. However, only current and retired members of the military and their families are eligible for its policies.

Keep in mind that being low-income doesn’t necessarily mean you have a poor credit score. You can use the table below to find the most affordable options for you.

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Single parent w/ a kid

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  • Company
    Annual Rates
  • USAA
    $1,081
  • GEICO
    $1,294
  • Nationwide
    $2,209
  • Farmers
    $2,256
  • State Farm
    $2,275
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The Cheapest Utah Car Insurance Companies for Low-Income Individuals

For our sample 40-year-old driver, rates differ by $644 per year based on your credit score. MoneyGeek researched the two cheapest car insurance companies in Utah for a driver with a poor credit score:

  • GEICO: $767 per year
  • Farmers: $1,242 per year

If you’re eligible for car insurance from USAA, you may be able to get even better prices. This insurer offers the cheapest car insurance in Utah for drivers with poor credit scores at an average cost of $694 per year.

Having a low income doesn’t necessarily mean you have a poor credit score. That said, a good credit score will positively affect the cost of your premiums. Policies from GEICO for our sample 40-year-old male with good credit cost an average of $405 per year, while those offered by Farmers cost an average of $656 per year.

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Good Credit Score

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  • Company
    Annual Rates
  • USAA
    $366
  • GEICO
    $405
  • Farmers
    $656
  • Nationwide
    $719
  • Allstate
    $722

The Cheapest Utah Car Insurance Companies for Low-Income Students

Since young student drivers are less experienced on the road, they tend to have higher car insurance rates in Utah and everywhere else. Although most students have low incomes, they aren’t being charged more for insurance on that basis. It’s their inexperience that increases the cost of their car insurance.

MoneyGeek found that the two cheapest companies offering car insurance for low-income students in Utah with poor credit scores are:

  • GEICO: $1,811 per year
  • Farmers: $2,934 per year

While USAA offers the cheapest rates in Utah at an average of $1,639 per year, only military members are eligible for its policies.

Remember that being a low-income student doesn’t necessarily mean you have a poor credit score. For those with good credit scores, GEICO and Farmers offer car insurance at an average of $956 per year and $1,549 per year, respectively.

Switch by Credit Score:

Good Credit Score

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  • Company
    Annual Rates
  • USAA
    $866
  • GEICO
    $956
  • Farmers
    $1,549
  • Nationwide
    $1,697
  • Allstate
    $1,706

The Cheapest Utah Car Insurance Companies for Low-Income Seniors

Senior drivers in Utah tend to pay slightly higher car insurance rates compared to their middle-aged counterparts. Their credit scores can also affect the amount they pay for car insurance. A 70-year-old driver in Utah with poor credit will pay about $738 more per year for insurance than the same person with a good credit score.

MoneyGeek researched the two cheapest companies offering car insurance for low-income seniors in Utah with poor credit scores:

  • GEICO: $1,123 per year
  • State Farm: $1,442 per year

USAA offers the cheapest car insurance in this situation at an average cost of $862 per year. However, its policies are only available for military members and veterans.

If you’re a low-income senior, it doesn’t necessarily mean you have a poor credit score. For those with good credit scores, GEICO offers car insurance at an average of $593 per year, while State Farm offers policies at an average of $761 per year.

Switch by Credit Score:

Good Credit Score

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  • Company
    Annual Rates
  • USAA
    $455
  • GEICO
    $593
  • State Farm
    $761
  • Nationwide
    $775
  • Farmers
    $790

Does Income Affect Car Insurance Rates in Utah?

Insurance companies in Utah can’t use your income to calculate your car insurance rates. However, other factors related to your income may affect the cost of your premiums.

For instance, teenagers are charged higher car insurance rates because they’re considered high-risk drivers. They may also have lower incomes since they’re only starting their careers, but that’s not a factor in the cost of their insurance. However, drivers with lower incomes may make more claims than those with higher income because they can’t afford to pay out-of-pocket repairs. Consequently, insurers charge higher premiums for those with a history of claims.

MoneyGeek analyzed the different factors related to income and how they affect car insurance rates in Utah:

  • Adding a teen driver.
  • Credit score.
  • Age of driver.

Other factors, such as your car’s model and coverage levels, are also important in calculating your car insurance rates.

  • Factor
    How it Affects Your Rates
  • Adding a Teen Driver

    Car insurance policies in Utah are 3x more expensive if you add a teen driver.

  • Credit Score

    In Utah, your car insurance rates can vary by 2.4x if you have a poor credit score versus a good credit score.

  • Age of Driver

    Your age can affect the cost of your premiums. In Utah, rates can increase by 2.4x for young drivers compared to middle-aged drivers.

  • Car Model

    Depending on the model of your car, your car insurance rate could be twice as expensive.

  • Coverage Levels

    Your coverage levels can affect your car insurance rates, making them 1.8x more expensive.

Frequently Asked Questions About Low-Income Car Insurance in Utah

To help you understand how low-income car insurance works in Utah, MoneyGeek answered the following frequently asked questions:

Methodology

MoneyGeek calculated the cost of car insurance for low-income drivers in Utah using quotes sourced in partnership with Quadrant Information Services. The sample driver is either a 40-year-old male, a single 40-year-old parent with a 16-year-old child, an adult couple each 40 years old or a couple with a 16-year-old child. The individual or family drives a 2010 Toyota Camry LE. The driver buys the minimum car insurance required in Utah.

Costs for poor and good credit scores were extrapolated based on MoneyGeek’s dataset of credit score rate adjustments by score categorization.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.