Cheapest and Best Homeowners Insurance in Utah as Rated by Customers in 2023
What makes the best homeowners insurance in Utah?
It may seem unlikely that you’ll have to file a homeowners insurance claim, but there are actually many things that can happen that would require you to submit a claim. From storm damage to theft or vandalism, homeowners insurance comes in handy in many cases. In the event you may need to file a claim, don’t you want to feel confident you’ve protected your home with one of the best Utah homeowners insurance companies?
To help you be more confident in your homeowners insurance company, we have reviews and rankings for hundreds of homeowners insurance companies so you can evaluate and compare the best Utah home insurance companies. In the table above, you can sort through every homeowners insurance company ranked on Clearsurance. Next to each insurer you’ll find the company’s rating, which is based exclusively on the reviews and ratings provided by customers.
Note: Only those companies with at least 25 homeowners insurance reviews are eligible to appear in the rankings of the best Utah homeowners insurance companies.
If you’re looking for additional information on one of the best homeowners insurance companies in Utah, you can visit the company’s profile page where you’ll learn about the company, additional coverages and potential discounts offered. You can also read reviews to see what other policyholders have to say about the home insurance company. This way, when you're sifting through the various homeowners policies that exist, you'll be able to find the right one through an insurer who will be able to keep your home safe from any sort of damage or peril.
On this page:
- Best homeowners insurance rates in Utah for a $200K dwelling
- Best homeowners insurance rates in Utah for a $400K dwelling
- Utah crime statistics
- Utah disaster statistics
What are the best homeowners insurance rates in Utah for a $200K dwelling?
One factor that most homeowners look at when it comes to purchasing protection is the average cost of homeowners insurance. As mentioned above, there is a wide range of coverage options that exist, and for various types of dwellings. The table below gives you a look at average homeowners insurance rates for a $200K home from the top five most popular companies in Utah. Among these companies, Allstate is the cheapest homeowners insurance option on average.
|Company||Average rates for $200K dwelling|
|American Family Insurance||$641|
|Bear River Mutual Insurance Company||$577|
|Farmers Insurance Group||$663|
|State Farm Insurance Company||$706|
These rates are based on a $200,000 dwelling with the following coverage limits: $100,000 personal property, $20,000 loss of use, $20,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Utah will differ. Rate data is provided by Quadrant Information Services.
What are the best homeowners insurance rates in Utah for a $400K dwelling?
Check out the table below to see average homeowners insurance rates for a $400k home in Utah. Average premiums are listed for the five largest companies in Utah by market share. Among these companies, Allstate provides the cheapest homeowners insurance on average.
|Company||Average rates for $400K dwelling|
|American Family Insurance||$1,119|
|Bear River Mutual Insurance Company||$1,052|
|Farmers Insurance Group||$1,154|
|State Farm Insurance Company||$986|
These rates are based on a $400,000 dwelling with the following coverage limits: $200,000 personal property, $40,000 loss of use, $40,000 other structures, $300,000 liability and $5,000 medical. The policy has a $1,000 deductible. The house used for the profile was constructed in 2004 and the individual had a good insurance score. The rates displayed should only be used for comparative purposes as individual rates in Utah will differ. Rate data is provided by Quadrant Information Services.
Are there any Utah property crime statistics?
Theft and vandalism or malicious mischief are among the 16 perils a standard homeowners insurance policy protects you from. So, how does crime in Utah compare to other states around the country? The FBI published the following statistics on crime in Utah for 2016:
- Property crime - 90,058
- Burglary - 12,836
- Larceny theft - 67,834
When compared to the national average rate per 100,000 inhabitants, property crime and larceny theft in Utah rank above the national average but burglary ranks below the national average. If you happen to live in a high-risk area, you may want to consider additional personal property coverage instead of going with the bare minimum. Crime rates can also be a factor in how much you pay for your coverage, but we go through that a little further down below.
What about Utah disaster statistics?
Weather-related incidents are typically among the costliest homeowners insurance claims. FEMA has published statistics for each state since 1953. Data is updated through August 2018. Here’s a look at the Utah federally declared disasters since 1953:
- Fire - 20
- Flood - 9
- Severe storm - 2
- Coastal storm - 1
- Tornado - 1
Having an insurance plan that protects your home against natural disasters may still seem a little strange, but it's better to be safe than sorry. Sometimes a standard policy won't be enough, though it does heavily depend on where you live. There are applicable insurance policies for all manner of living situations.
How are homeowners insurance rates calculated in Utah?
Ever wonder why you pay what you do for home insurance? Some things may be obvious, like the age of your home. But other factors that contribute to the price of homeowners insurance in Utah may not be as obvious. Here’s a list of some of the things homeowners insurance companies consider when quoting you a rate:
- The level of coverage required
- The size of your mortgage
- Your credit score
- The square footage of your home
- The geographic location of your home in Utah
- The condition of your home
- The age of your home
- The proximity of your home to a fire station
- Your previous claims record
- The amount of your deductible
- Optional add-ons like umbrella insurance
Zillow estimates that homeowners can expect to pay approximately $35 each month for every $100,000 of your home's value. Your policy limits can depend on various factors as well, from where you live to what you own. If you're looking to cut down on what your policy costs, talk to an insurance agent about what potential discounts you could be qualified for. For example, having burglar alarms and other state of the art anti-theft alarm systems could propel you into more affordable rates.
How does Clearsurance rate and rank the best homeowners insurance companies in Utah?
Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:
- Customer Service
- Claim service
- Likelihood to renew
The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better. The customer satisfaction rating of a company is vital to consumers. It provides an inside perspective and lets potential customers know how the company handles claims and day-to-day customer service.
The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.
In addition to customer satisfaction scores, you should also consider the financial stability ratings of a company as well. Price and customer service are important, but you also need a company that is going to be around for a long time and will be able to pay out in the event you have to file a claim. With such a variety of factors to look into, it's understandable that you may have further questions.
Is there a homeowners insurance guide?
Your home is likely your most valuable asset, making it that much more important that you insure your home with one of the best Utah homeowners insurance companies. But beyond just picking a company, it’s crucial to have the right coverage and to understand that coverage. Did you know that a standard homeowners insurance policy has six types of coverage? And did you know that there are usually 16 types of perils found in a homeowners insurance policy?
At Clearsurance, we want to make sure you have a strong understanding of your homeowners insurance coverage and what it all means. Check out our homeowners insurance guide to become a smarter insurance customer. And for more educational content on other homeowners insurance topics, check out our homeowners insurance blog!