Farmers offers the lowest home insurance rates in Salt Lake City at $893 annually, 40% below the city average of $1,479. When we pulled quotes across all Salt Lake City profiles, the spread between the cheapest and most expensive insurer for identical coverage exceeded $580 per year — so the company you choose has a bigger impact on your annual cost than most coverage decisions you'll make. Salt Lake City homeowners also pay less than the Utah state average overall, which makes it one of the more affordable markets in our data. Farmers, State Farm, American Family, Nationwide and USAA ranked as the five most affordable options in MoneyGeek's analysis of cheapest home insurance in Salt Lake City.
Best and Cheapest Home Insurance in Salt Lake City, Utah (2026)
Updated: May 8, 2026
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Key Takeaways: Salt Lake City Home Insurance
Farmers offers the most affordable home insurance in Salt Lake City at $893 per year, 40% below the city average of $1,479 and the lowest rate in our analysis across all Salt Lake City profiles.
State Farm earns the highest overall rating among Salt Lake City insurers in our analysis, making it the strongest option for homeowners who prioritize service quality and claims experience over finding the lowest possible premium.
Salt Lake City homeowners pay $1,479 per year on average for home insurance, less than the Utah state average, though rates vary by more than $580 depending on the insurer and coverage profile.
Cheapest Home Insurance Companies in Salt Lake City
| Farmers | $893 | -40% |
| State Farm | $1,127 | -24% |
| American Family | $1,265 | -14% |
| Nationwide | $1,268 | -14% |
| USAA | $1,342 | -9% |
*Rates are for a 2,500-square-foot home built in 2000, with $250,000 of dwelling coverage and a $1,000 deductible.
HOW DO SALT LAKE CITY HOME INSURANCE RATES COMPARE TO THE STATE AVERAGE?
Homeowners in Salt Lake City pay $1,479 annually, which runs 2% above Utah's average cost of $1,454. The city's earthquake and wildfire risks, combined with higher property crime rates, drive these elevated premiums. The lowest-cost Salt Lake City providers charge less than both city and state averages.
Best Homeowners Insurance Companies in Salt Lake City
Our team evaluates affordability, coverage options and customer experience to rank the best home insurance providers in Salt Lake City. State Farm leads our analysis with a 4.5 out of 5 composite score, the highest on our list, and comes in below the city average on price, a combination that's harder to find than the score alone suggests. The remaining top five are USAA, American Family, Farmers and Auto-Owners Insurance, covering a range of profiles from military families to homeowners prioritizing coverage depth over cost. For a broader look at top-rated options across the state, see our picks for the best homeowners insurance nationwide.
| Auto-Owners Insurance | 4.16 | $2,363 |
| Farmers | 4.45 | $893 |
| American Family | 4.48 | $1,265 |
| State Farm | 4.49 | $1,127 |
| USAA | 4.8 | $1,342 |
*USAA membership is limited to military-affiliated individuals. Although it earned the highest MoneyGeek score, we ranked it No. 2 due to its eligibility requirements.
State Farm
Our Top Recommendation for Salt Lake City Homeowners
MoneyGeek Rating
4.5/ 5
4.8/5Affordability
4.2/5Customer Experience
4/5Coverage Points
Average Annual Premium
$1127Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.J.D. Power Customer Satisfaction Score
657/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Number of Discounts
4
Salt Lake City Home Insurance Cost by Coverage Level
Your coverage limits directly impact what you'll pay for home insurance premiums. Higher dwelling coverage costs more but protects you if rebuilding expenses exceed your policy limits. In Salt Lake City, State Farm offers the cheapest rates across most coverage tiers, while Farmers provides the lowest basic coverage rates.
| $100K Dwelling / $50K Personal Property / $100K Liability | Farmers | $538 |
| $250K Dwelling / $125K Personal Property / $200K Liability | Farmers | $893 |
| $500K Dwelling / $250K Personal Property / $300K Liability | State Farm | $1,711 |
| $750K Dwelling / $375K Personal Property / $500K Liability | State Farm | $2,221 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | State Farm | $2,760 |
Salt Lake City Home Insurance Cost by House Age
Salt Lake City's mid-age homes offer the lowest insurance premiums, while newer properties with modern safety features cost slightly more. Pre-1980 homes carry the highest rates in the area.
| Newer | Farmers | $730 |
| Middle Age | Farmers | $893 |
| Older | Farmers | $900 |
Salt Lake City Home Insurance Costs by Credit Score
Excellent credit gets you the lowest Salt Lake City home insurance premiums, while poor credit costs much more for identical coverage. Farmers offers the most affordable rates across most credit levels in the area. Farmers also leads as the cheapest choice for homeowners with excellent credit. Insurers rely on credit-based insurance scores because they help predict how likely you'll be to file a claim.
Data filtered by:
Below Fair
| Farmers | $62 | $747 |
| State Farm | $108 | $1,299 |
| American Family | $125 | $1,498 |
| USAA | $134 | $1,613 |
| Nationwide | $144 | $1,726 |
How to Save on Homeowners Insurance in Salt Lake City
Salt Lake City residents get affordable home insurance through comparing multiple quotes and customizing coverage to match their property's risks.
- 1Decide on Coverage Limits
Identify your home insurance coverage needs before getting quotes. This ensures accurate rate comparisons and stops agents from upselling coverage you don't need.
- 2Research Costs and Discounts
Home insurance premiums fluctuate across Utah. MoneyGeek's best homeowners insurance in Utah analysis reveals which companies balance cost, service and coverage for Salt Lake City rates.
- 3Compare Company Offerings and Reputations
Look past price to evaluate each insurer's add-on coverage and claims-handling track record. Look at J.D. Power ratings, NAIC complaint records, Reddit forums and Trustpilot reviews for customer experiences.
- 4Compare Multiple Quotes
Contact at least three insurers for home insurance quotes to get your lowest rate.
Salt Lake City Home Insurance: FAQ
Homeowners in Salt Lake City frequently ask about policy requirements, premiums and how area-specific risks impact coverage.
Is home insurance required in Salt Lake City?
No, Utah law doesn't require home insurance. However, lenders mandate it through your loan term if you have a mortgage. Homeowners without mortgages should maintain coverage to guard against financial losses from fires, theft and liability claims.
What factors affect home insurance rates in Salt Lake City?
Salt Lake City insurance companies assess property age, building materials, roof quality and fire station distance when setting rates. Area crime statistics also factor into pricing decisions. Your credit, claims record and coverage selections also influence your premium costs.
Does home insurance cover flood damage in Salt Lake City?
Standard home insurance doesn't cover flood damage in Salt Lake City. Properties near the Jordan River and low-lying areas have higher flood risks. You'll need separate flood insurance through NFIP or private insurers.
How We Decided the Best Cheap Home Insurance Companies in Salt Lake City
MoneyGeek analyzed home insurance premiums from 10 companies in Salt Lake City using data from Quadrant Information Services and customer satisfaction scores from J.D. Power surveys.
We collected quotes for a 2,500-square-foot home built in 2000 with $250,000 dwelling coverage, $125,000 personal property coverage, $200,000 liability coverage and a $1,000 deductible. We also gathered quotes for homes with different construction dates, coverage limits, deductibles and credit scores across multiple scenarios.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has analyzed the insurance market for almost a decade, first with LendingTree and now with MoneyGeek, conducting original research on hundreds of insurance companies and millions of insurance rates for insurance shoppers.
He writes about economics and insurance on MoneyGeek, breaking down complex topics so people can have confidence in their purchase. Like all MoneyGeek analysts, Mark collects and analyzes independent cost and consumer experience data on insurance companies to provide objective recommendations in our content that are independent of any of MoneyGeek's insurance company partnerships.
His insights on products ranging from car, home and renters insurance to health and life insurance have been featured in The Washington Post, The New York Times and NPR, among others.
Mark holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He started his career working in financial risk management at State Street before transitioning to the analysis of the personal insurance market. He's also a five-time Jeopardy champion!