Best Homeowners Insurance in Utah: Complete Guide 2021

Last modified: September 15, 2021

Utah home insurance is a type of property insurance that covers any damages or losses to a person’s property. This also includes any assets damaged inside the property. Additionally, homeowners insurance offers liability coverage against any accidents that occur within or on the property. If you are looking to get the most out of your coverage, then you will want to go with the best homeowners insurance in Utah. Here are some things that you need to know about homeowners insurance in the Beehive State.

If you are looking for affordable homeowners insurance outside of Utah – make sure to check out our list of best homeowners’ insurance providers in the US.

Is Homeowners Insurance Required in Utah?

The short answer is yes, you need homeowners insurance in Utah. Homeowners are required to purchase home insurance for the protection of their property and their belongings and assets present on the property. Even tenants are required to get insurance for the protection of their furniture and all other personal property.

The next logical question would be, “How do I get homeowners insurance in Utah?” Thanks to the many options offered by homeowners insurance providers, it is easy to get home insurance in Utah. However, under Utah insurance regulations, some of the factors to consider to get the best coverage are home’s zip code, the size of the house, credit score, claims history, and the safety level and crime rate of the neighborhood where the house is located.

There are also strict Utah homeowners insurance laws to be followed. You must  fulfill the Utah homeowners insurance requirements  to become eligible for the coverage you need to keep your property safe from disaster, theft, or any other damages.

Some of the things that could increase the homeowners insurance rates include home remodeling, pools, the age of the house, the materials used in its construction, home safety features, and if you have a home-based business. Of course, these can vary depending on the insurance provider. On a positive note, homeowners in Utah will still pay lower interest than the national average, which is one of the perks of owning property in Utah.

Common Causes of Home Insurance Losses in Utah

Risk management in Utah is a major factor to consider for homeowners, which is why it is important to get the right home insurance in Utah. According to the Insurance Information Institute, some of the most common claims for home insurance are fires, lightning, property damage, wind and hail damage, water damage, and freezing. Utah is also prone to natural disasters, such as tornadoes, hurricanes, and severe storms. Another common cause of damage to property in Utah is earthquakes. 

How Much Is Homeowners Insurance in Utah?

The average cost of homeowners insurance in Utah is just around $642 per annum. This is extremely reasonable when you compare it with many other US states. In fact, it is $586 less than the national average. Remember, the rate you have to pay will vary depending on multiple factors decided by your insurance provider.

The standard fixed-dollar amount deductible the individual has to pay out of pocket when filing a claim will be anywhere between $500 and $2,000, depending on the type of property, location, and several other factors. But, you can take advantage of bundled discounts if the average premiums in Utah for leading homeowners insurance companies are too high.

Cheapest Homeowners Insurance in Utah

You don’t have to worry about homeowners insurance rates in Utah because residents get some of the most affordable homeowners insurance quotes in Utah as compared to many other US states. This means you get your money’s worth k when getting the best homeowners insurance in Utah. Of course, the rates vary depending on where you live. For instance, if you were living in a $32.5 million Riverbend Ranch ona 2,670-acre estate just outside Park City,the most expensive estate in Utah, you would pay more premium as compared to living in areas such as, Nephi, Harrisville, South Ogden or other smaller cities.

City Cheapest Rate
Salt Lake City $72
West Valley City $415
Provo $52
West Jordan $424

Best homeowners Insurance Companies in Utah

Company Best For Coverage Discounts Pricing
Allstate Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
  • Vandalism
Yes $1,060
Farmers Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
  • Vandalism
Yes $422
State Farm Homeowners
  • Mechanical breakdown coverage
  • Home business coverage
  • Hobby farms
  • Extended coverage on jewelry
  • Furs
  • Firearms
Yes $3,112
Bear River Mutual Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
Yes $348
American Family Homeowners
  • Fire
  • Lightning
  • Explosions
  • Hail
  • Windstorm
  • Vandalism
  • Theft
Yes $650
USAA Homeowners
  • Dwelling
  • Loss of use
  • Other structures
  • Personal liability
  • Personal property
  • Fires
  • Theft
Yes $2,247

 

Detailed Reviews

When it comes to homeowners insurance in Utah, there are quite a few options for residents. To help you decide between the best homeowners insurance companies, here are the reviews:

Allstate Homeowners Insurance

This insurance provider offers a range of homeowners insurance options with some incredible discounts. You can also access Allstate’s extensive online resource center where homeowners can find all the information they need on the best options in homeowners insurance in Utah. Allstate has  A+ score from the BBB because of its great insurance options and exceptional level of customer service.

Farmers Homeowners Insurance

Farmers offers home insurance in three different packages; standard, enhanced, and premier. Each package comes with its benefits, and homeowners can select the one that  fits their needs. Residents of Utah also get some great discounts for new homes, installed roof materials, and safety discounts. Another benefit of Farmers homeowners insurance is that the rates can decrease with time if no claims are made.

State Farm Homeowners Insurance

State Farm is another great option for homeowners insurance in Utah. The only downside is that the premiums might be a bit high for some owners. The good news is, the convenient network of agents, along with multiple discount opportunities, makes them one of the highly rated home insurance providers. A policy will get you coverage for personal liability, medical payments, and accidental direct physical loss, along with loss due to natural disasters. Because of the many discount options that State Farm offers, it has an A++ AM Best rating.

Bear River Mutual Homeowners Insurance

Bear River Mutual is the largest insurance company offering homeowners insurance in Utah. Homeowners can get coverage for the protection of their primary and secondary residents, including personal liability coverage and earthquake protection. If you are looking for solid homeowners insurance coverage with plenty of discounts, then Bear River Mutual is the best option for the lowest premium prices in Utah.

American Family Homeowners Insurance

American Family enjoys a solid A financial strength rating by AM Best, which is testament to their commitment towards providing top quality coverage for homeowners. American Family offers optional coverage that fits the unique needs of homeowners. The insurance provider also provides additional help to first-time homebuyers to get set up with the best homeowners coverage and saving options that fits their needs. American Family offers exceptional rates, customer service, and discount options, which makes it an ideal option for those looking for the best homeowners insurance in Utah.

USAA Homeowners Insurance

USAA is another top-shelf homeowners insurance provider in Utah. The company enjoys a solid A++ AM Best rating. The insurance provider has earned its exceptional ratings due to its premium coverage options, flexibility, discounts, and fast claims processing. While the insurance coverage costs slightly more as compared to others, it offers plenty of discounts and other features that make it a good choice for homeowners in Utah.

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

What percentage of Utah homeowners have earthquake insurance?

According to the Insurance Department, it is recommended that all residents looking for homeowners insurance in Utah make sure their coverage includes earthquakes. Right now, just 8% of homeowners in the US carry earthquake insurance. In that state of Utah, that number is slightly up to 14%.

Is homeowners insurance required in Utah?

Residents in Utah are required to purchase homeowners insurance for the protection of their home and personal belongings, especially because Utah is prone to natural disasters, such as earthquakes, floods, and hurricanes.

What is the cheapest homeowners insurance in Utah?

According to reports, the cheapest homeowners insurance in Utah is offered by American Family Insurance, which has rates as low as $403 per year.