Utah homeowners insurance: what you need to know
In the state of Utah, homeowners insurance costs the average homeonwer $784 annually ($65 per month). This is much lower than the average American's home insurance payment. Homeowners insurance may be optional, but it's important. It helps to defend your dwelling and property against a variety of misfortunes. The easiest way to get a cheap home insurance policy in Utah is to shop around and compare rates from as many insurance companies as you can.
Unlike auto insurance, home insurance is not priced based on state-level laws. Even so, large gulfs exist in homeowners insurance rates on a state-by-state basis. Home insurance policy costs in a given state may differ depending on the frequency of — and value of — home insurance claims filed in that state, and also on the value of the dwelling and belongings being insured.
Get an idea of homeowners insurance costs in Utah by referencing the below tables. Individual rates may vary depending on coverage options.
Table of contents:
- Rates by company
- Rates by coverage amount
- Rates by deductible amount
- Rates by city
- Bundling savings
- Frequently asked questions
- Natural disaster coverage
The cheapest home insurance companies in Utah
Rates for home insurance in Utah can vary depending on the insurance company you use. Farmers provides the cheapest home insurance in Utah — only $421 per year. This is less than Utah's mean cost of $784, providing a $363 discount on the typical rates in the state.
Start searching for a home insurance policy by reviewing the cheapest Utah carriers, listed below.
AFFORDABLE HOME INSURERS IN UTAH
| Insurance Company | Average Yearly Rate in Utah |
| Farmers | $421 |
| Liberty Mutual | $523 |
| Allstate | $554 |
| MetLife | $671 |
| Travelers | $734 |
Utah home insurance prices by coverage levels
Your chosen level of homeowners coverage determines the insurance premiums you pay. In Utah, carrying $200,000 dwelling coverage costs an average of $590 per year, while maintaining coverage up to $400,000 costs as much as $992 per year.
POPULAR COVERAGE LIMITS IN UTAH
| Coverage Level | Average Annual Cost |
| $100,000 Dwelling | $438 |
| $200,000 Dwelling | $590 |
| $250,000 Dwelling | $705 |
| $400,000 Dwelling | $992 |
Homeowners insurance deductibles in Utah
One of the multiple decisions available when shopping for a homeowners policy is where to set your deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible chosen can impact how much you pay in insurance premiums.
A good rule of thumb is: the lower your deductible, the higher your premium. As such, if you want your insurance rates to remain low, aim for a higher deductible. Bear in mind: your deductible should not be set at an amount that you would have difficulty paying in the event of a loss.
Below you'll find common deductibles offered by most home insurance companies alongside corresponding insurance rates.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN UTAH
| Deductible Tier | Average Annual Homeowners Insurance Rate |
| $500 | $760 |
| $1,000 | $705 |
| $1,500 | $656 |
| $2,000 | $622 |
| $5,000 | $542 |
Utah home insurance costs by city
Home insurance rates in Utah vary by city. Prices depend on city-specific variables, such as the number of homeowners claims filed nearby, meaning your specific ZIP code impact how much you pay.
The best home insurance rates in Utah are available in Clearfield. An average home insurance policy in Clearfield costs just $735 per year — $49 less than the average homeowners policy in other Utah cities. The below cities have the most affordable homeowners insurance in Utah.
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN UTAH
| City | Average 12-Month Home Insurance Rate |
| Clearfield | $735 |
| Bountiful | $746 |
| Layton | $748 |
| Taylorsville | $755 |
| Orem | $760 |
Home and auto insurance bundling in Utah
If you're trying to save, consider purchasing your homeowners and car insurance policies from the same company. Bundling auto and homeowners insurance in Utah can save you a substantial sum each month on your auto insurance policy. Bundling home and auto policies in Utah leads to average annual savings of $145.
HOME AND AUTO BUNDLING DISCOUNTS IN UTAH
|
Avg. Annual Rate (No Bundle) |
Avg. Annual Rate (w/ Bundle) |
Annual Savings ($) |
Annual Savings (%) |
| $1,195 | $1,050 | $145 | 14% |
Utah homeowners insurance FAQs
Does GEICO offer homeowners insurance in Utah?
Yes - GEICO provides homeowners insurance in the state of Utah.
What percentage of Utah homeowners have earthquake insurance?
According to the Utah Department of Insurance, fewer than 20% of homeowners in the state carry an earthquake endorsement on their homeowners insurance policy. To find the best earthquake insurance in Utah, compare rates and policy details from as many insurance companies as possible.
Natural disaster coverage in Utah
Does home insurance cover damage from fires in Utah?
Home insurance covers fire damage in Utah. If your home were damaged or destroyed by fire, your insurance company would cover your property damage costs — up to your policy limits. The frequency of wildfires in Utah reinforces the importance of maintaining an active home insurance policy: 14% of homes in the state are in danger of sustaining wildfire damage. In fact, 438,983 of the state's acres fell victim to fires in the state in 2018.1 Even though fire damage is typically covered, it's wise to double-check to make sure your insurance company covers wildfire-related damage.
Depending on your home insurance policy situation, your homeowners insurance could pay for additional living expenses if your dwelling is deemed uninhabitable. Damage occurring via arson — or fire-related damage to a vacant home — will not be covered by a homeowners insurance policy.
Does homeowners insurance cover flooding in Utah?
Regardless of its cause, flood damage is not covered by homeowners insurance policies in Utah or any other state. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer.
Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:
- $250,000 for your home’s structure
- $100,000 for your personal property
If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.
Sources:
1Insurance Information Institute
