The Best Homeowners Insurance Companies in Utah (2022)
The best home insurance companies in Utah combine strong customer service and claims experience with affordability and financial stability. Using these factors, MoneyGeek ranked the top home insurance providers in Utah and found that the best overall company is American Family. However, it is best to consider your specific needs when choosing an insurer.
Your needs will determine the right option for you, and MoneyGeek evaluated the best home insurance companies in Utah for different types of homeowners. Our scoring system also reviewed available coverages and discounts.
We found that, while American Family is the best company overall, Farmers is the best for affordability, USAA is ideal for veterans, Auto-Owners Insurance Co is best for quality service and State Farm is best for bundling and expensive homes.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Utah.
The Best Homeowners Insurance in Utah
The Best Overall Homeowners Insurance Companies in Utah
Owning a home is one of the biggest long-term investments that you can make. The right insurance coverage will guarantee that your investment is protected. MoneyGeek ranked insurers based on customer satisfaction, affordability, claims reputation and financial stability.
Using these criteria, we found that the best home insurance companies in Utah are:
- American Family: MoneyGeek score of 86 out of 100
- State Farm: MoneyGeek score of 85 out of 100
USAA earned a score of 96 out of 100, making it the best in the state. However, it was excluded from our rankings since its policies are only available to military families.
MoneyGeek broke down the unique coverages and discounts offered by American Family and State Farm to learn why these are the best-rated insurers in Utah.
The Top Home Insurance Companies in Utah
American Family had the second-highest scores on customer satisfaction and affordability plus the third-highest score on financial stability. Its policies cost an average of $683 per year and offer several unique coverages, such as protection against hidden water damages.
American Family has many rare coverage options and discounts. Its hidden water damages coverage pays for leaks due to gradual pipe deterioration, which other insurers do not cover. The company offers optional coverages for equipment breakdown and the replacement of damaged sections of sidings due to a covered loss. Homeowners can also take advantage of loyalty and legacy discounts.
State Farm ranked highest for stability and third highest for satisfaction. It didn’t rank as well for affordability and costs an average of $1,098 per year in Utah. It offers several unique coverages, like earthquake and mold coverages.
State Farm’s unique coverage offerings make it an ideal option for homeowners who want flexibility when customizing their policies. Utah is seismically active and at high risk for damaging earthquakes, which makes earthquake coverage essential for homeowners. Also, State Farm’s mold insurance coverage pays up to $20,000 for damages due to mold or fungi contamination.
MoneyGeek collected quotes from across the country and balanced them with property claims rating and customer satisfaction scores from J.D. Power to find the best home insurance nationally and in Utah.
Note that your actual costs and customer experience may vary depending on your circumstances. Read MoneyGeek’s methodology for more information.
The Best Homeowners Companies in Utah for Service Quality
Some homeowners care more about service quality than price. MoneyGeek scored the best insurance companies in Utah based entirely on customer satisfaction and claims experience.
Our analysis showed that the best-rated insurance companies in Utah based on service quality are:
- Auto-Owners Insurance Co: MoneyGeek score of 89 out of 100
- American Family: MoneyGeek score of 83 out of 100
USAA got a perfect score out of 100, making it the best in the state for service quality. But, we excluded it from our rankings since its policies are only available for active or retired military members and their families.
MoneyGeek analyzed why Auto-Owners Insurance Co and American Family are the top insurers for homeowners who want the best possible service experience regardless of rates.
The Top Home Insurance Companies in Utah for Quality Service
American Family had a higher score on claims than satisfaction. As a result, customers can expect great service if they ever need to submit a claim.
American Family has many rare coverage options. Its equipment breakdown coverage pays for appliances, home systems or smart home devices that are damaged due to mechanical, electrical or pressure systems breakdown. The hidden water damages coverage guarantees payment for leaks due to gradual deterioration, which other insurers do not cover.
Auto-Owners Insurance Co received a higher claims rating score than customer satisfaction score. This means that it is regarded as a company that provides customers with a great service experience when they make a claim.
Auto-Owners Insurance Co has several unique coverage options and discounts. One of its rare coverages is the specialty vehicle coverage that protects homeowners’ boats, ATVs and off-road vehicles. It is also the only insurer that provides off-premises personal property coverage. This pays for damages to any personal property that you take with you while on vacation.
The Best Homeowners Companies in Utah on a Budget
You can save money by choosing an affordable home insurance policy. Homeowners who want to reduce their monthly bills but still get stellar service have several options to choose from.
MoneyGeek ranked the best home insurance companies in Utah for those with a tight budget. They include:
- Farmers: MoneyGeek score of 91 out of 100
- American Family: MoneyGeek score of 90 out of 100
Although USAA was the highest-rated provider in terms of affordability with a MoneyGeek score of 92 out of 100, it was excluded from this analysis because only military families are eligible for its policies.
The average policy at Farmers costs around $432 per year, while a similar one from American Family costs roughly $683 per year. To understand why Farmers ranked the best on affordability, MoneyGeek researched its unique coverages and discounts.
The Top Home Insurance Companies in Utah on a Budget
Affordable home insurance coverage at $432 per year on average
Discounts for homes less than 14 years old, bundling insurance policies and being claims-free
Does not offer discounts for newly renovated homes
MoneyGeek satisfaction rating of 3.77 out of 5
On average, Farmers has the cheapest insurance options for homeowners in Utah. Its policies cost around $432 per year, and the company received a perfect MoneyGeek score of 5 out of 5 for affordability.
There are various ways for policyholders to secure discounts from Farmers. Homeowners who have been claims-free for three consecutive years and have homes less than 14 years old are eligible for lower premiums. Bundling discounts are also available for policyholders who purchase home insurance together with auto, life, business, recreational or umbrella insurance.
Farmers even offers rare discounts. Members, employees or retirees of certain businesses, occupational groups or professional associations can access Farmers’ affinity discounts. Also, homeowners who opt for paperless transactions, pay their full annual premiums at once, set up a monthly payment plan with an automatic recurring fund transfer and pay their premium on time are all eligible for additional discounts.
The Best Homeowners Companies in Utah for Expensive Homes
Generally, homeowners with high-value homes will need to buy additional coverage since their homes will cost more to rebuild in the event of property damage or loss. To find the best-rated home insurance company in Utah for expensive homes, MoneyGeek balanced the cost of a policy with $2 million in coverage with customer satisfaction.
Based on our analysis, the top-rated insurers for expensive homes in Utah are:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 82 out of 100
With a score of 100, USAA ranked the best in this category. However, since its policies are only available to military families, we excluded USAA from our rankings.
MoneyGeek evaluated why State Farm scored the best for high-value homes by looking at their unique coverage options that cater to homeowners who need extra protection.
The Top Home Insurance Companies in Utah for High-Value Homes
MoneyGeek satisfaction rating of 4.09 out of 5
Ranks fourth out of the seven insurers analyzed in terms of affordability for expensive homes
Does not offer coverages for contents replacement cost and extended reimbursement
State Farm received a high customer satisfaction rating and has fairly affordable policies for expensive homes.
The company offers coverages that cater specifically to the needs of high-value homeowners, such as scheduled personal property and cyber event / ID theft. Scheduled personal property coverage protects homeowners’ jewelry and furs, silverware and goldware, business property, firearms and covers $500 in fire department service charges. Cyber event / ID theft provides protection by offering case management services and expense reimbursement to policyholders whose identities were used in fraudulent activities.
The Best Homeowners Companies in Utah for Veterans
Many insurance companies offer discounts for military families, but the best company for military families is USAA. The average cost of USAA policies in Utah is $1,294 per year.
With a MoneyGeek score in Utah of 96 out of 100 and perfect marks on customer satisfaction and financial stability, USAA is the highest-rated insurer in the state. An added benefit is that USAA tailors its service to current and former military personnel and their families.
The Top Home Insurance Companies in Utah for Veterans
Coverage tailored to military families
Customer satisfaction rating of 5 out of 5
MoneyGeek affordability score of 4.35 out of 5
Not available if you don’t have a military background
USAA earned high marks as the best home insurance provider for military families. It is the highest-rated insurer in Utah, getting a perfect MoneyGeek score for customer satisfaction and stability as well as a near-perfect MoneyGeek score for affordability.
One of its policy coverages is contents replacement cost coverage. Having this coverage is beneficial to most homeowners because it pays for the cost of replacing personal property that is damaged or destroyed by a covered loss without factoring in depreciation. USAA also offers significant discounts for bundling home and car insurance policies and for being claims-free for five or more years. Homes installed with protective devices, such as home security systems and water sensors, are even eligible for extra discounts, especially if these devices are from ADT Security Services. Bundles also offer unique coverages and discounts, such as accident forgiveness and rideshare insurance.
The Best Homeowners Companies in Utah for Bundling
Shopping for the best home insurance and the best car insurance in Utah doesn’t need to be a hassle if you combine your policies under one provider. Bundling is an easy and popular way to save money on insurance, especially if you need protection for multiple assets.
Based on MoneyGeek’s rankings, the best auto and home insurance bundles in Utah are offered by:
- State Farm: MoneyGeek score of 81 out of 100
- Farmers: MoneyGeek score of 80 out of 100
Bundling your policies typically gives you extra discounts and is a simplified way of managing your policies.
The Top Home Insurance Companies in Utah for Bundling
Homeowners insurance MoneyGeek score of 4.26 out of 5
24% bundling discount
Auto insurance MoneyGeek score of 3.41 out of 5
Although State Farm only has a 3.41 rating for auto insurance, the company’s home insurance score is 4.26 out of 5. You can get an additional 24% discount by bundling your home and auto insurance policies.
State Farm has unique coverages for homeowners who take advantage of their home and car insurance bundling options. For instance, homes with qualifying impact-resistant roofing products may qualify for significant premium discounts. These roofing materials are designed to minimize damage during severe weather events and can extend the life of your roof.
State Farm’s insurance policy bundles also offers rideshare insurance coverage. This makes sure that the medical, emergency roadside assistance and rental car reimbursement included in your personal auto policy remains in effect even when you are working for a ridesharing company.
How to Find the Best Home Insurance in Utah
The best homeowners insurance balances cost, service reputation and financial stability. MoneyGeek collected this information for you and listed the best-rated home insurance companies in Utah. Alternatively, you can go through the research process yourself if you feel confident in navigating the insurance marketplace.
Research Customer Service Reputations in Utah
Choosing a home insurance provider with a good customer service reputation can be a complicated process. This is why MoneyGeek did the hard work for you. If you are interested in any insurers in your state, you may review their J.D. Power satisfaction scores and NAIC complaint ratios. You can also refer to the Utah Insurance Department website.
Compare Quotes for Yourself
The insurance quotes that MoneyGeek used for this analysis were based on sample homeowners in Texas. These rates may not be applicable in other states or in your particular situation. Make sure that you shop around and compare quotes from at least three insurers to get a good idea of how much your insurance may cost.
Make Sure the Company Has Coverages You Want in Utah
Insurance companies often advertise the coverages and discounts that they offer, but some offerings may not be available in every state. This is why it is important to confirm with your preferred insurers if they provide the coverages and discounts that you are looking for.
Double-Check Financial Stability Ratings
We advise that you check the financial stability ratings of your preferred insurer before purchasing coverage. This will tell you whether the company is equipped to pay for any claims that you make. Larger insurance companies tend to be financially stronger, while regional insurance companies in Utah may have lower ratings.
FAQs About the Best Home Insurance in Utah
The best home insurance in Utah for you will depend on your specific needs and circumstances as a homeowner. To help you with your home insurance purchase, you may review these answers to some of the most common questions about coverage.
MoneyGeek scores for homeowners insurance in Utah were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Utah that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Utah. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
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