Average Cost of Homeowners Insurance in Utah (2024)

The average cost of homeowners insurance in Utah in 2024 is $1,168. This is $1,255 less than the national average of $2,423. Aside from the amount of coverage you get on your home, the insurance provider has the largest impact on premiums. In Utah, premiums vary by as much as $1,612 depending on the provider. If your rates have recently increased, our analysis of the cheapest policies in the state might offer more affordable options.

In Utah, homeowners pay an annual premium of $1,168 for policies with $250K Dwelling / $125K Personal Property / $200K Liability coverage. This amount is less than the national average home insurance rate of $2,423. Understanding how much coverage you need is essential for adequate protection of your home and possessions. Adequate coverage ensures you can rebuild your home and replace your belongings.

Coverage amounts directly impact premium costs. For example, a policy with $100K in dwelling coverage averages $708 annually. If you own a more valuable property and require $500K in dwelling coverage, the average annual premium increases to $1,868.

Homeowners in Utah will find that insurance premiums can vary significantly among providers for comparable coverage. For instance, Farmers may offer a policy at a much lower rate than USAA; this reflects the diversity in pricing strategies and risk assessments by different insurers.

Utah has a variety of great providers; these differences in underwriting can lead to a wide range of premium costs for homeowners.

Homeowners in Utah with poor credit pay an average annual premium of $2,207 for homeowners insurance, which is $1,039 more than the state average of $1,168. Conversely, those with excellent credit enjoy a lower rate, averaging $964 annually, saving $204 compared to the state average. Improving your credit score is a long-term strategy to reduce insurance costs. In the interim, comparing insurers can lead to immediate savings. It takes less than 15 minutes to see which will save you the most.

The type of roof on your home influences your homeowners insurance premium in Utah. Homes with tile roofs are durable resulting in lower premiums. Shake-treated roofs, which may be less resilient to severe weather events, can lead to higher insurance costs.

Similarly, the construction materials of your home impact insurance pricing. Superior construction materials that are more resistant to hazards like fire could mean lower insurance rates. In contrast, standard frame construction, which is less resistant to such perils, might incur higher premiums.

Use the drop-downs on the table below to see how premiums change based on your home's materials.

Insuring a new construction home in Utah averages at $665 annually, which is less than the $1,168 average for existing homes. This is often due to the integration of modern materials and adherence to current building codes that can reduce risk. The table below shows how premiums vary between new and existing homes; you can adjust the coverage amounts to see tailored results.

Homeowners in Utah with a spotless claims record for over five years can expect an average annual premium of $1,168 for their homeowners insurance. However, if you've filed one claim in the past five years, that average premium climbs to $1,356, while two claims could see your costs rise to approximately $1,511 annually. These figures reflect the impact of claims history on insurance rates, with a single claim potentially increasing your premium by $188 and two claims by $343 above the average cost for claim-free homeowners.

For the cities we analyzed, we found premiums ranging from $1,126 to $1,201. In Provo, homeowners pay an average of $1,166 annually, while Salt Lake City residents see slightly higher rates at $1,184. West Valley City tops the list with an average premium of $1,201. Location impacts premiums due to varying risks like crime rates and weather patterns. Comparatively, factors like the age of the home or roof type can also affect premiums, but the city's influence is significant.

Shopping for home insurance in Utah doesn't have to be a headache. In fact, with the right approach, you can land a sweet deal that fits your budget. Imagine the peace of mind you'll have, knowing your home is protected without breaking the bank. Here's how to find the best deal for you.

In Utah, homeowners can often unlock savings by bundling their home insurance with auto insurance. On average, the potential savings range from $88 to $369, which is about 11% off the combined cost of policies. This multipolicy approach simplifies your insurance management and provides a more cost-effective solution. For a closer look at how bundling can benefit your wallet, explore MoneyGeek's analysis on the Best and Cheapest Home and Auto Bundle Companies in Utah. By choosing to bundle, you can keep your coverage comprehensive and your expenses in check.

Utah homeowners can lower their insurance costs through various discounts. To maximize savings, ensure to inquire about discounts when obtaining a quote.

• Protective devices discount: Homes equipped with security systems or smoke detectors.
• Claims-free discount: Homeowners who haven't filed a claim in a specified period.
• Roof upgrade discount: Houses with impact-resistant roofing materials.

For a deeper dive into how you can save with discounts, explore our comprehensive guide on home insurance discounts.

Explore the following list to find more information on homeowners insurance in Utah.

• Utah Insurance Department: Official state resource for insurance regulations.
• Affordable Home Insurance in Utah: Find cost-effective options for your home.
• Utah Homeowners Insurance Calculator: Estimate your potential insurance costs.
• High-Risk Home Insurance Coverage: Understand insurance for homes in high-risk areas.
• Top Home Insurance Options in Utah: Compare the best insurance providers.
• Personal Property Coverage Essentials: Guide to personal property insurance needs.
• Report Insurance Fraud: Online system for reporting insurance fraud.