The average cost of homeowners insurance in Utah in 2024 is $1,168. This is $1,255 less than the national average of $2,423. Aside from the amount of coverage you get on your home, the insurance provider has the largest impact on premiums. In Utah, premiums vary by as much as $1,612 depending on the provider. If your rates have recently increased, our analysis of the cheapest policies in the state might offer more affordable options.
Average Cost of Homeowners Insurance in Utah (2024)
Utah's average home insurance premium is $1,168 yearly, less than the national average. Learn which factors most affect Utah's insurance costs.
Updated: November 10, 2024
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Table of Contents
To establish the average cost of homeowners insurance in Utah, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Utah as of 2024.
Average Cost of Home Insurance in Utah by Coverage Amount
In Utah, homeowners pay an annual premium of $1,168 for policies with $250K Dwelling / $125K Personal Property / $200K Liability coverage. This amount is less than the national average home insurance rate of $2,423. Understanding how much coverage you need is essential for adequate protection of your home and possessions. Adequate coverage ensures you can rebuild your home and replace your belongings.
Coverage amounts directly impact premium costs. For example, a policy with $100K in dwelling coverage averages $708 annually. If you own a more valuable property and require $500K in dwelling coverage, the average annual premium increases to $1,868.
Average Annual Home Insurance Premium New Jersey by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K Liability | $708 |
$250K Dwelling / $125K Personal Property / $200K Liability | $1,168 |
$500K Dwelling / $250K Personal Property / $300K Liability | $1,868 |
$750K Dwelling / $375K Personal Property / $500K Liability | $2,530 |
Average Cost of Home Insurance in Utah by Insurer
Homeowners in Utah will find that insurance premiums can vary significantly among providers for comparable coverage. For instance, Farmers may offer a policy at a much lower rate than USAA; this reflects the diversity in pricing strategies and risk assessments by different insurers.
Utah has a variety of great providers; these differences in underwriting can lead to a wide range of premium costs for homeowners.
Average Annual Home Insurance Premium New Jersey by Provider
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
Farmers | $633 |
American Family | $762 |
Farm Bureau | $778 |
State Farm | $1,028 |
Nationwide | $1,076 |
Auto-Owners Insurance | $1,419 |
Encompass | $1,661 |
USAA | $1,988 |
Average Cost of Home Insurance in Utah by Credit Score
Homeowners in Utah with poor credit pay an average annual premium of $2,207 for homeowners insurance, which is $1,039 more than the state average of $1,168. Conversely, those with excellent credit enjoy a lower rate, averaging $964 annually, saving $204 compared to the state average. Improving your credit score is a long-term strategy to reduce insurance costs. In the interim, comparing insurers can lead to immediate savings. It takes less than 15 minutes to see which will save you the most.
Average Annual Home Insurance Premium in NJ by Credit Rating
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
Poor | $2,207 |
Below Fair | $1,779 |
Fair | $1,436 |
Good | $1,168 |
Excellent | $964 |
Average Cost of Home Insurance in Utah by Construction and Roof Type
The type of roof on your home influences your homeowners insurance premium in Utah. Homes with tile roofs are durable resulting in lower premiums. Shake-treated roofs, which may be less resilient to severe weather events, can lead to higher insurance costs.
Similarly, the construction materials of your home impact insurance pricing. Superior construction materials that are more resistant to hazards like fire could mean lower insurance rates. In contrast, standard frame construction, which is less resistant to such perils, might incur higher premiums.
Use the drop-downs on the table below to see how premiums change based on your home's materials.
Average Annual Home Insurance in New Jersey by Construction and Roofing Type
- Frame
- Masonry
- Superior
- Composition
- Shake-Treated
- Tile
$100K Dwelling / $50K Personal Property / $100K Liability | $708 |
$250K Dwelling / $125K Personal Property / $200K Liability | $1,168 |
$500K Dwelling / $250K Personal Property / $300K Liability | $1,868 |
$750K Dwelling / $375K Personal Property / $500K Liability | $2,530 |
$1M Dwelling / $500K Personal Property / $1M Liability | $3,220 |
Average Cost of Home Insurance in Utah for Newly Constructed Homes
Insuring a new construction home in Utah averages at $665 annually, which is less than the $1,168 average for existing homes. This is often due to the integration of modern materials and adherence to current building codes that can reduce risk. The table below shows how premiums vary between new and existing homes; you can adjust the coverage amounts to see tailored results.
Average Annual Home Insurance Premiums: New vs. Existing Construction
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
Existing Construction (2000) | $1,168 |
New Construction (2023) | $665 |
Average Cost of Home Insurance in Utah by Claims History
Homeowners in Utah with a spotless claims record for over five years can expect an average annual premium of $1,168 for their homeowners insurance. However, if you've filed one claim in the past five years, that average premium climbs to $1,356, while two claims could see your costs rise to approximately $1,511 annually. These figures reflect the impact of claims history on insurance rates, with a single claim potentially increasing your premium by $188 and two claims by $343 above the average cost for claim-free homeowners.
Average Annual Home Insurance in New Jersey by Claims Experience
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
Claim free for 5+ years | $1,168 |
1 claim in past 5 years | $1,356 |
2 claims in past 5 years | $1,511 |
In Utah, wildfires and flooding pose significant risks to homes. Homeowners insurance typically covers wildfire damage. However, flooding is not covered by standard homeowners policies. You can find out more about which natural disasters are covered.
Average Cost of Home Insurance by City in Utah
For the cities we analyzed, we found premiums ranging from $1,126 to $1,201. In Provo, homeowners pay an average of $1,166 annually, while Salt Lake City residents see slightly higher rates at $1,184. West Valley City tops the list with an average premium of $1,201. Location impacts premiums due to varying risks like crime rates and weather patterns. Comparatively, factors like the age of the home or roof type can also affect premiums, but the city's influence is significant.
Average Annual Home Insurance Premium by City
- $100K Dwelling / $50K Personal Property / $100K Liability
- $1MM Dwelling / $500K Personal Property / $1MM Liability
- $250K Dwelling / $125K Personal Property / $200K Liability
- $500K Dwelling / $250K Personal Property / $300K Liability
- $750K Dwelling / $375K Personal Property / $500K Liability
Provo | $1,166 |
Salt Lake City | $1,184 |
West Jordan | $1,126 |
West Valley City | $1,201 |
How to Shop for Home Insurance in Utah
Shopping for home insurance in Utah doesn't have to be a headache. In fact, with the right approach, you can land a sweet deal that fits your budget. Imagine the peace of mind you'll have, knowing your home is protected without breaking the bank. Here's how to find the best deal for you.
- 3
Check for Discounts
Ask about bundles and discounts to save money.
- 4
Review Company Reputation
Look at insurer ratings for financial strength and claims service.
- 5
Consider Deductibles
Higher deductibles can lower premiums, but increase out-of-pocket costs.
- 6
Finalize Your Policy
Choose a policy that balances cost with coverage and service.
Bundling Home Insurance With Auto Insurance in Utah
In Utah, homeowners can often unlock savings by bundling their home insurance with auto insurance. On average, the potential savings range from $88 to $369, which is about 11% off the combined cost of policies. This multipolicy approach simplifies your insurance management and provides a more cost-effective solution. For a closer look at how bundling can benefit your wallet, explore MoneyGeek's analysis on the Best and Cheapest Home and Auto Bundle Companies in Utah. By choosing to bundle, you can keep your coverage comprehensive and your expenses in check.
Home Insurance Discounts in Utah
Utah homeowners can lower their insurance costs through various discounts. To maximize savings, ensure to inquire about discounts when obtaining a quote.
- Protective devices discount: Homes equipped with security systems or smoke detectors.
- Claims-free discount: Homeowners who haven't filed a claim in a specified period.
- Roof upgrade discount: Houses with impact-resistant roofing materials.
For a deeper dive into how you can save with discounts, explore our comprehensive guide on home insurance discounts.
FAQ: Homeowners Insurance in Utah
On average, what is the cheapest insurer in Utah?
The cheapest insurer in Utah on average is Farmers, with premiums around $633. Compare rates for cheap homeowners insurance.
Is wildfire damage in Utah covered by homeowners insurance?
Wildfires, a common natural disaster in Utah, are typically covered by homeowners insurance.
Is flood damage in Utah covered by homeowners insurance?
Flood insurance is not typically included in a standard home policy. It can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.Flood insurance is not typically included in a standard home policy. It can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
What is the biggest factor that impacts the price of homeowners insurance in Utah?
The biggest factor impacting the price of homeowners insurance in Utah is the insurance provider, with premiums ranging from $633 to $1988.
In Utah, how much, on average, can I save bundling my homeowners insurance with auto?
On average, home and auto bundling in Utah can save you between $88 to $369.
Additional Resources for Homeowners Insurance in Utah
Explore the following list to find more information on homeowners insurance in Utah.
- Utah Insurance Department: Official state resource for insurance regulations.
- Affordable Home Insurance in Utah: Find cost-effective options for your home.
- Utah Homeowners Insurance Calculator: Estimate your potential insurance costs.
- High-Risk Home Insurance Coverage: Understand insurance for homes in high-risk areas.
- Top Home Insurance Options in Utah: Compare the best insurance providers.
- Personal Property Coverage Essentials: Guide to personal property insurance needs.
- Report Insurance Fraud: Online system for reporting insurance fraud.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.