The Best Cheap Utah Homeowners Insurance for 2024

If peril strikes, homeowners insurance is there to protect you from financial hardship. Here, we'll highlight the best homeowners insurance in Utah, identify the cheapest policies in the state, and offer details worth considering as you choose a Utah home insurance policy.

• Cheapest overall for Utah: Farmers
• Cheapest for new home construction: Farmers
• Cheapest for older homes: Farmers
• Cheapest for homeowners who have filed a claim: Farmers

Cheapest overall for Utah

For cheap homeowners insurance, Farmers offers the cheapest overall coverage in the state of Utah, with an average annual rate of $398.

These insurers offer the next-lowest overall rates in Utah:

• Sentry, coming in with an average rate of $575
• Mutual of Enumclaw, with an average annual rate of $625
• Nationwide, also competitive with an average rate of $641

Cheapest for new home construction

New homes are full of features unlikely to break down any time soon, and as insurance companies see it, this results in fewer claims. The projected savings get passed on to the homeowner through lower insurance premiums. These home insurance providers offer the lowest rates for newly built homes in Utah:

• Farmers, offering an average annual rate of $287
• Nationwide, with an average annual rate of $296
• Sentry, with an average annual rate of $299
• Metropolitan, coming in with an average annual rate of $343

Cheapest for older homes

Older homes are prone to problems like shifting foundations and leaky basements. These issues lead to insurance claims. And that's why insurers tend to charge more to insure an older home. However, in Utah, these four companies offer the lowest rates for older homes:

• Farmers, with an average annual rate of $387
• Sentry, offering an average annual rate of $607
• Nationwide, with an average annual rate of $620
• Mutual of Enumclaw, offering a relatively competitive rate of $655

Cheapest when you've made a claim

For a Utah homeowner who has made a claim, these four insurers aim to keep rates low -- even after a claim has been submitted:

• Farmers, offering a post-claim rate of $424
• Sentry, coming in with an average annual rate of $613
• Mutual of Enumclaw, offering an average annual rate of $649
• Acvity, with an average annual rate of $791

Average home insurance cost in Utah compared to the national average

At an average statewide cost of $863, Utah residents pay 52% less than the average national rate of $1,788.

Utah homeowners insurance overview

The best homeowners insurance in Utah provides the coverage a homeowner needs at a price they can afford.

Different types of homeowners coverage

The best homeowners insurance companies offer a host of coverage options, from basic to comprehensive policies with all the bells and whistles. Choosing the right option is a matter of a homeowner deciding what needs to be protected. For example, if a homeowner has a recording studio in their home, they'll need to make sure their policy will cover it in the event of loss. The same is true for things like high-end appliances and other expensive home upgrades.

Level of coverage

A basic policy is always the least expensive option, although it may not fully cover all losses. Homeowners can save money in the long run by fully considering the level of coverage they need before shopping for the best homeowners insurance in Utah. Even if their premium is a bit higher, the savings will be apparent when they file a claim and it's fully covered.

Amount of deductible

An insurance deductible is the portion a homeowner must pay toward a repair or replacement. Let's say there's a small fire that causes $15,000 in damage. If the homeowner has a $1,000 deductible, they're responsible for paying the first $1,000 toward repairs. The insurance company then covers the remaining $14,000. It's important to note that the lower a homeowner's deductible is, the higher their premium will be.

Potential discounts

One of the easiest ways to score cheap homeowners insurance in Utah is to ask about policy discounts. Nearly all insurers offer an array of home insurance discounts, covering everything from homes that have new electrical systems to situations where the homeowner bundles insurance products.

What are the most common homeowners insurance claims in Utah?

Being familiar with the most common Utah home insurance claims can help a homeowner shop for coverage that will meet their needs.

Wind and hail

Wind and hail claims are common in the state. It takes only moments for hail to damage windows, roofs, and siding.

Lightning strikes and fire

Lightning strikes are among the most common claims nationwide, and Utah is no exception. Whether a fire is started by carelessness, accident, or a lightning strike, it's important to have coverage when lightning strikes and fire lead to damage.

Water damage

Although parts of Utah are relatively dry, other areas of the state get up to 50 inches of rain each year. All that rain can lead to issues like leaky roofs, flooded basements, dry rot, and a resulting loss of personal property.

Homeowners insurance coverage options and discounts in Utah

The best homeowners insurance in Utah can be summed up as "a comprehensive level of coverage at a low price." The easiest way to land a low price is to take advantage of all available discounts. Here, we highlight coverage options and describe how discounts can reduce premiums.

Coverage options

Here's a rundown of the eight types of homeowners insurance:

• One covers renters.
• One covers mobile homes only.
• The other six range from basic coverage to more extensive protection.

A comprehensive policy may also include coverage for high-end features like home theaters, electronic equipment, or a wine cellar.

Discount options

Claiming as many discounts as possible is a great way to land low-cost insurance in Utah. Here are some of the most common discounts:

• Installing a burglar alarm saves an average of 6%.
• Upgrading the electrical system saves an average of 4%.
• A roof upgrade saves an average of 10%.
• Bundling home and auto coverage can save up to 19%.

Five cheapest cities in Utah for homeowners insurance

When an insurance company determines rates, here's some of what it takes into account:

• Area crime rate
• Value of surrounding property
• Cost to rebuild
• How far a property is from the nearest fire station

The five cheapest cities in Utah for homeowners insurance are:

Five most expensive cities in Utah for homeowners insurance

And here are the five most expensive cities:

Utah homeowners insurance rates are relatively inexpensive as compared to national rates. This makes it easier for the average homeowner to purchase a level of coverage that will fully protect them in the event of peril.