The Best Homeowners Insurance Companies and Cheapest Quotes in Utah for 2020

If you want to find the best home insurance in Utah, factors like the cost of your premiums, the coverage options, the quality of service and the company’s ability to pay claims are some of the most important factors to look over.

To assist you in choosing the best homeowners insurance in Utah, MoneyGeek has ranked the top five insurance providers in Utah based on important factors like cost, J.D. Power’s customer satisfaction scores and the ability to pay claims according to AM Best’s financial stability ratings.

The premium costs of your home insurance can depend on individual and locational factors. Important considerations to determine your costs can include your home’s age, your credit score and your proximity to a local fire station, among other factors.

Home Insurance Calculator

State

Utah

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

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If you want cheap homeowners insurance in Utah, your most affordable option might be Farmers. Typically, a Farmers policy would cost you an average of $432 a year for a dwelling coverage baseline amount of $250,000. This rate is about $649, or 60% cheaper than the state average. In order to find the right policy for your needs, compare home insurance quotes from multiple providers.

Cheapest Homeowners Insurance by Dwelling Coverage

If you own an expensive home in Utah, it can make complete sense to choose a home insurance plan with the right coverage level for complete peace of mind. For a $2 million home in Utah, your best option might be a policy from Farmers. You can expect to pay an average amount of $2,277 a year for a Farmers policy. Policies from competing providers can cost more than three times as much in some cases.

Cheapest Homeowners Insurance Companies for High-Value Homes

You might need additional coverage if your home in Utah has a pool. Your costs can also increase accordingly. For an average dwelling cost of $250,000, the most affordable option can be a Farmers’ policy, coming in at an average cost of $464 per year.

Cheapest Homeowners Insurance for Pool Home

Your credit score can have an impact on your insurance premium costs in Utah. Poor credit usually attracts higher premiums while improving your credit score can bring premium costs down. If you have poor credit in Utah, the most affordable home insurance option might be a policy from Farmers with an average cost of $1,384 for a baseline dwelling coverage amount of $250,000.

Cheapest Homeowners Insurance for Poor Credit

To process your quote, an insurance provider would need basic information like your name, address, phone number and social security number. They may also need information about the age and value of your home, details about construction materials, and details of additions like solar panels, swimming pools and home security systems. With these details, they can come up with a personalized quote for you.

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Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.

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Insurance companies can consider other factors like crime stats, weather trends and home values to determine your insurance costs. For example, Utah ranked 23rd in the country according to property crime rate per 100,000 with 7,368 violent crimes and 75,156 property crimes according to a 2018 FBI study. In terms of home values, Utah ranks 8th with an average home typically costing about $348,376.

Getting coverage in your home insurance for potential damage caused by hazardous weather conditions can be an important part of your emergency preparedness plan.