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2024

The Cheapest Renters Insurance in Utah

Cheap Renters Insurance Companies in Utah

Price is one of the most important factors when choosing the best renters insurance in Utah. Based on the average premium, the two cheapest options in the state are Allstate and MetLife. On average, an Allstate policy costs $79 per year or $7 monthly. A similar policy from MetLife costs $102 annually or $8 per month.

These average annual and monthly premiums for renters insurance in Utah were calculated using different ZIP codes throughout the state for a policy with $20,000 in personal property coverage, $100,000 in liability coverage and a deductible of $500.

Personal Property Coverage:

$20,000

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Best Renters Insurance Companies in Utah

The best renters companies are Allstate, State Farm, American Family, Farmers and USAA — with Allstate taking the top spot for the best renters insurance in Utah.

According to our analysis, these companies scored the highest for affordability, financial stability and customer satisfaction. MoneyGeek also considered its online services, coverage policies, discounts and availability in other states.

Although these companies may not be the cheapest in Utah, they offer the best balance for affordability and quality service. This may help you save money and reduce stress if you need to file a claim.


1
Allstate
Score:97

5/5

Affordability

4.6/5

User Satisfaction

4.5/5

Financial Stability

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Geek Quick Take

MoneyGeek’s top company for renters insurance in Utah is Allstate. It has a perfect score for affordability and ranks second in financial stability and third in customer satisfaction. Allstate offers personal injury coverage to help you with future liability claims.

More About Allstate

Allstate is available in all states. It can cover identity theft and appraisals on valuable items. More unique policies such as a personal umbrella policy and flood insurance are offered as well. Retirees can also get a discount on their insurance.

Renters can pay their dues online via Allstate’s mobile app and online account portal. You can also get a quote through their online website. Filing a claim is available online but only for desktop users.

2
State Farm
Score:89

4.1/5

Affordability

4.8/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

State Farm was ranked as the second best renters insurance provider in Utah. It has a perfect score in financial stability and received the second and fourth highest scores for customer satisfaction and affordability, respectively. Renters can also add an extra level of protection when it comes to personal liability, as State Farm covers personal injury.

More About State Farm

State Farm is available in all states. Aside from personal injury protection, State Farm includes more common coverages such as identity theft and damages from earthquakes.

Renters can get discounts when they get renters and auto insurance policies. Those who live in spaces with protective devices can also receive discounted policies.

State Farm has a mobile app that allows you to access their financial services. Their website also lets you get a personalized quote for renters insurance.

3
American Family Insurance
Score:87
4
Farmers
Score:80
5
USAA
Score:76
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The cheapest renters insurance policy is not always the best insurance policy. Choosing a policy that fits your budget, but also includes important coverages, may save you money in the long run.

Largest Renters Insurance Companies in Utah

Choosing a company with a large market share can improve your customer service experience. These companies tend to be more financially stable and are able to invest more in their user experience.

Company
Market Share

1.

State Farm

16.6%

2.

Farmers

11.3%

3.

Allstate

10.3%

4.

Bear River

7.7%

5.

Liberty Mutual

6.9%

Average Cost of Renters Insurance in Utah

0
0

renters insurance is equal to the average.

The average cost of renters insurance in Utah is $107.

The price of renters insurance depends on several factors, but the most important one is the amount of personal property that you own. To help you get an estimate of how much your policy would cost, MoneyGeek has provided a calculator below.

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Total: $0


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Browsing and comparing prices help renters save a significant amount of money on their renters insurance. Picking Allstate over USAA can lead to savings of up to $82 per year.

What Factors Impact Renters Insurance Cost in Utah

Various factors influence the cost of renters insurance in Utah. These can include criteria like your ZIP code, deductible and coverage amount. When shopping around for quotes, be sure to keep these things in mind.

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

Renters Insurance in Utah: What You Need to Know

Purchasing renters insurance is a low-cost way of protecting your personal property from damage. Having a policy can be helpful if you experience theft, fire or destruction from bad weather.

In Utah, 25.3% of the population are renters and the average rent price is $1,098 per month. For an average consumer with $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible policy, the average monthly premium is $9. This is 0.82% of the price of rent.

What Renters Insurance Typically Covers in Utah

It is important to understand what your renters insurance covers and what it does not. While some policies may offer additional protection like identity theft, typical policies cover personal property, additional living expenses, liability insurance and medical payments coverage.

In Utah, personal property coverage protects renters from damages caused by wildfires, lightning and windstorms.

What Renters Insurance Typically Does Not Cover in Utah

It is important to read the fine print before purchasing a policy so you understand what is covered and what is not. Ask your agent to clarify things if you have any questions. Doing this will lessen the chances of your claims being denied.

Renters insurance in Utah protects you from many types of emergencies. However, certain events are not covered. Here are some of the common issues that are typically not included in renters insurance policies.

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Utah’s Insurance Department protects consumers from fraud and other insurance-related problems. This department offers legal resources for fraud investigation and prosecution. They can also check if an insurance company is legal and registered.

In case you’re seeking help, you may contact the Insurance Department through this information:

  • Main: (801) 957-9200
  • In-State Toll-Free: (800) 439-3805
  • Insurance Fraud: (844) 373-0233
  • Agent & Licensee Assistance: (801) 957-9240
  • Company Licensing Assistance: (801) 957-9252
  • Health Insurance Consumer Service: (801) 957-9280
  • Property & Casualty Insurance Consumer Service: (801) 957-9305

Their office hours are from 8 a.m. to 5 p.m., Monday to Friday, except on state holidays. You can also contact them online through their official website as it is available 24/7.

FAQs About Renters Insurance in Utah

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Compare Renters Insurance Rates

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

Renters Insurance in Utah Analysis: Methodology

MoneyGeek analyzed renters insurance premiums from six of 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 for policies with personal property coverage of $20,000, $50,000 and $100,000; liability coverage of $100,000 and a deductible of $500.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.


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