Best and Cheapest Renters Insurance in Utah (2024)

Farm Bureau offers Utah's best and cheapest renters insurance, with a MoneyGeek score of 88 out of 100 and an average annual premium of $74 for $20K in personal property coverage with a $1,000 deductible.

Your best choice depends on your needs. If you value quality service, American Family excels in customer support. For veterans and military members, USAA offers tailored options. Those with poor credit might consider Nationwide. Each renter has unique priorities, so choose accordingly.

The best renters insurance providers in Utah for a policy with $20K in personal property coverage are:

• Farm Bureau: MoneyGeek score of 88 out of 100 ($74 per year)
• State Farm: MoneyGeek score of 85 out of 100 ($82 per year)

Farm Bureau offers a good balance of customer satisfaction and affordability. However, the best provider for you depends on your needs.

Farm Bureau offers the cheapest renters insurance in Utah, with an average annual premium of $74 for $20K in personal property coverage and a $1,000 deductible.

• Farm Bureau: $74 per year
• State Farm: $82 per year

Personal property coverage helps replace or repair your belongings if damaged, lost or stolen. Cheap renters insurance policies often have lower coverage limits. Higher coverage limits can lead to higher monthly costs but offer better protection if you have many personal belongings.

Farm Bureau is Utah's best renters insurance provider, with an average annual premium of $71 for $20K in personal property coverage and a $2,000 deductible. Here are the top options for higher deductible policies:

• Farm Bureau: MoneyGeek score of 88 out of 100 ($71 per year)
• State Farm: MoneyGeek score of 84 out of 100 ($80 per year)

A deductible is the amount you pay out of pocket before your insurance covers the rest. While a higher deductible can lower your premium, choosing an amount you can afford is crucial if you need to file a claim.

American Family is Utah's best renters insurance company for service quality, with an average annual premium of $124 for $20K in personal property coverage.

• American Family: MoneyGeek score of 81 out of 100 ($124 per year)
• Nationwide: MoneyGeek score of 78 out of 100 ($91 per year)

Great customer service in renters insurance means prompt, empathetic assistance, especially during stressful situations. It ensures your concerns are addressed quickly and effectively. For example, when making a claim, excellent customer service provides clear guidance and timely updates throughout the process.

For $100K in personal property coverage, the top renters insurance providers in Utah are:

• Farm Bureau: MoneyGeek score of 88 out of 100 ($121 per year)
• Nationwide: MoneyGeek score of 82 out of 100 ($167 per year)

Renters with more belongings need higher personal property coverage to replace items like furniture, electronics and clothes if damaged or stolen. While higher coverage often costs more, finding a provider that balances cost and good service ensures your valuables are well-covered without overspending.

For renters with military backgrounds in Utah, the top providers for a policy with $20K in personal property coverage are:

• USAA: MoneyGeek score of 100 out of 100 ($168 per year)
• Farm Bureau: MoneyGeek score of 88 out of 100 ($74 per year)

USAA offers products exclusively for military members, including discounts and coverages suited to their lifestyle. While Farm Bureau ranks highest in affordability, with an average annual premium of $74, USAA is a strong contender for those seeking coverage tailored to military needs.

Nationwide is the best renters insurance company for those with poor credit in Utah, with an average annual premium of $124.

• Nationwide: MoneyGeek score of 90 out of 100 ($124 per year)
• State Farm: MoneyGeek score of 75 out of 100 ($172 per year)

Rates are higher for those with poor credit because they pose a greater risk to insurers and are more likely to file claims. Improving your credit and using available discounts can help reduce costs.

The average cost of renters insurance in Utah is $94 annually (about $8 per month), much lower than the national average of $146. These rates are based on a policy with $20K in personal property coverage, $100K in liability limits and a $1,000 deductible.

Renters insurance costs can vary depending on your chosen coverage. Personal property coverage protects your belongings from theft, fire and other risks. Use the tool below to get an estimate based on your needs.

Renters insurance costs can differ by city. The average cost in West Jordan, Utah, is $92, while in Salt Lake City, it's $97. The state average is $94. These rates reflect policies with $20K in personal property coverage, $100K in liability limits, a $1,000 deductible and a good credit score. Check the table below for your city's rates.

Understanding the factors that affect the cost of renters insurance in Utah can help you find a policy that fits your budget and needs.

• Location: Crime rates and weather risks in your area can affect your premium.
• Coverage amount: Higher coverage limits increase your insurance costs.
• Deductible: A higher deductible lowers your monthly premium but means higher out-of-pocket costs in a claim.
• Claims history: A history of claims may lead to higher premiums due to increased perceived risk.
• Credit score: A better credit record can result in lower premiums.

To determine your personal property coverage, create a personal inventory of your belongings. This is a detailed list of all the items you own, including their value and condition. Follow these simple steps:

1. List all items: Go through each room and write down every item you own. Include furniture, electronics, clothing and other personal belongings.
2. Categorize items: To make the list more organized, group similar items together, such as electronics, kitchenware and clothing.
3. Document details: Note each item's purchase date, price and condition. This information will be helpful for insurance claims.
4. Take photos: Photograph each item and store the images with your inventory list. Photos provide visual proof of ownership and condition.
5. Store inventory securely: To ensure they're protected, keep your inventory list and photos in a safe place, such as cloud storage or a fireproof safe.

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas, such as liability and additional living expenses. Here's what a typical policy may cover:

• Personal property coverage: Safeguards your possessions against covered perils, like theft, and helps you replace them.
• Personal liability coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
• Loss of use coverage: Covers additional living expenses if your rental is uninhabitable due to a fire. For example, loss of use coverage can pay for temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

• Fire or lightning
• Windstorm or hail
• Explosions
• Riots
• Damage caused by aircraft
• Damage caused by vehicles
• Smoke damage
• Vandalism
• Theft
• Volcanic eruption
• Falling objects
• Weight of ice, snow or sleet
• Water-related damage from home utilities
• Electrical surge damage

While renters insurance protects your personal property and liability, it doesn't cover all losses. Standard policies typically exclude:

• Natural disasters: Events like floods and earthquakes are usually not covered.
• High-value items: Expensive jewelry or electronics might exceed policy limits.
• Business equipment: Items used for business may require additional coverage.
• Roommate property: Your policy doesn’t cover your roommate’s belongings.
• Pest damage: Infestations and damage from pests are generally not covered.
• Car theft: Personal vehicles are covered by auto insurance, not renters insurance.

Understanding these exclusions can help you get additional coverage if needed, ensuring better financial protection against various risks.

Choosing the best renters insurance provider depends on your needs. We address common questions to help you find the right coverage.