How Much Is Home Insurance In Utah? 2025 Rates
The average homeowners insurance cost in Utah is $1,261, which is $1,161 lower than the national average of $2,422.
We’ve saved shoppers an average of $450 per year on their home insurance.
Home insurance premiums have been increasing across the country, and some areas in Utah are feeling the impact more than others. Many homeowners in Utah are facing sharp increases in their premiums, with some attributing the rise to the financial aftermath of the Yellow Lake Fire.
Experts also suggest that wildfires in California may have a “domino effect” on Utah’s home insurance market, further driving up rates.
Having been in the industry for over 20 years, I can help you find an affordable carrier in these challenging times. Here’s everything you need to know about the price of home insurance in Utah.
Key Takeaways
The average home insurance rate in Utah is $1,261, which is less than the national average.
On average, Sandy is a city that offers the lowest home insurance rates in Utah.
In Utah, the three most affordable insurance providers are Farmers, Farm Bureau, and American Family.
Estimating home insurance costs can be challenging because each insurance company considers different factors when setting their rates.
How Much Is Homeowners Insurance In Utah?
The average home insurance rate in Utah is $1,261, which is less than the national average. Utah’s climate makes it vulnerable to severe storms and wildfires. Homeowners in high-risk areas should invest in a strong home insurance policy to protect against these potential threats.
Homeowners in specific zip codes or with a history of previous claims may have to pay higher insurance premiums than the average.
Average Home Insurance Cost In Utah – By Insurance Carrier
There are various factors that impact home insurance costs in Utah, and each insurance provider will weigh these factors according to their own standards.
This is why insurance costs vary among different providers. For example, Farmers is the most affordable insurance provider in Utah, whereas USAA is a bit more expensive.
| Insurance Carrier | Average Annual Premium |
| American Family | $764 |
| Farmers | $635 |
| State Farm | $1,026 |
| Farm Bureau | $775 |
| Nationwide | $1,073 |
| Encompass | $1,665 |
| Auto-Owners | $1,414 |
| USAA | $1,984 |
Note: Comparing quotes from multiple insurers is important to find the best coverage at an affordable price.
Average Home Insurance Cost In Utah – By Claims History
If you or the previous owners of your home have a history of making homeowners insurance claims, your premiums may be higher. Insurers see a record of past claims as an indicator of higher risk, which can lead them to raise your rates.
| Number of Claims | Average Annual Premium |
| None | $1,261 |
| 1 | $1,356 |
| 2 | $1,511 |
Note: The more frequent or costly the claims, the more likely it is that your insurance company will adjust your premium to reflect that increased risk.
Average Home Insurance Cost In Utah – By Credit Score
In Utah, home insurance companies may look at your credit when setting your premium. However, they don’t use the same credit score that lenders use. Instead, they use a credit-based insurance score, which helps predict how likely you are to file an insurance claim.
This is just one of several factors that can influence your premium.
| Credit Score | Annual Average Premium |
| Poor (300-579) | $2,204 |
| Fair (580-669) | $1,776 |
| Good (670-739) | $1,434 |
| Very Good (740-799) | $1,261 |
| Excellent (800-850) | $965 |
Average Home Insurance Cost For New Homes In Utah
New homes often have lower premiums compared to older homes, as they are less likely to experience issues like outdated plumbing or electrical problems. Additionally, new homes are generally built with more modern materials and construction methods, which can reduce the risk of damage and claims.
However, rates can still vary based on factors such as location, coverage amount, and the home’s size.The average cost of home insurance for a Utah property built in 2024 is $671 annually.
| Age of Home | Average Annual Premium |
| New | $671 |
| 10 | $1,261 |
| 20 | $2,421 |
| 30 | $3,654 |
Average Home Insurance Cost In Utah – By Coverage Amount
The coverage amount for your home is usually one of the main factors that affect your insurance cost. The higher the coverage limit, the more you’ll pay for your policy. For example, the average annual cost to insure a home in Utah valued at $250,000 is about $1,261.
| Coverage Limit | Average Annual Premium |
| $100,000 | $708 |
| $250,000 | $1,261 |
| $500,000 | $1,872 |
| $750,000 | $2,542 |
| $1,000,000 | $3,655 |
| $2,000,000 | $7,991 |
| $3,000,000 | $22,615 |
Average Home Insurance Cost For Different Cities In Utah
Location plays a big role in determining home insurance rates in every state. If you live in a city that is prone to natural disasters, or where the crime rate is high, your rates would be higher. In Utah, Sandy has the most affordable home insurance rates.
Below are a few examples of rates you can expect in various cities within Utah.
| City | Average Annual Premium |
| Provo | $1,164 |
| West Jordan | $1,124 |
| West Valley City | $1,205 |
| Salt Lake City | $1,187 |
| Sandy | $804 |
| Orem | $1,173 |
How To Estimate Your Homeowners Insurance Policy Cost
Estimating the cost of your homeowners insurance policy can feel overwhelming, but understanding the factors that influence your premium can help make the process easier.
From the value of your home to its location and the coverage you choose, there are several elements that affect how much you’ll pay. Here’s an example:
Location
Insurance companies evaluate your risk level when setting your rates, meaning where you live can affect your premium. If you’re in an area prone to severe weather, like floods, hurricanes, or wildfires (e.g., the recent California wildfires), you’ll likely pay more than someone in a safer area.
Condition of Your Home
Insurers often inspect your home before issuing or renewing a policy. This inspection checks the home’s exterior and systems like plumbing, electrical, and HVAC.
If issues are found, your premiums might go up. That’s why newer homes generally have lower rates compared to older ones, which might require repairs.
Level of Coverage
The more extensive your coverage, the higher your premium will generally be.
Deductible
A deductible is the amount you pay before your insurance company covers the rest. Choosing a higher deductible usually leads to a lower premium, and vice versa.
Cost of Materials and Construction
Due to inflation, supply chain issues, and labor shortages, the cost to rebuild a home has risen. Since rebuilding expenses affect your insurance rates, you might see your premiums go up to account for these increased costs.
Note: You can increase your policy by adding more coverage for liability, personal property, or dwelling protection, which will impact your rates.
How To Buy Home Insurance In Utah
To begin the process of buying home insurance in Utah, consumers should follow the steps outlined below.
Shop Around
Homeowner’s insurance can be expensive, but it’s essential. Insurance premiums can vary greatly between different companies, so it’s worth taking the time to compare options and find the best deal for your needs.
Stick with the Best Deal
Once you’ve found the insurance company that offers the best value, consider bundling other policies with them. Many companies provide multi-policy discounts if you buy both your home and auto insurance from them, helping you save even more.
Choose the Right Policy Form
There are several types of homeowner’s insurance policies (HO-1, HO-2, HO-3, HO-4, and HO-8) that cover your home and belongings against various risks. The more risks your policy covers, the higher the premium. Make sure to pick the form that fits your needs and budget.
Adjust Your Deductible
If your policy includes a deductible (such as $250 for all covered risks), you’ll pay that amount before your insurer covers the rest.
Choosing a higher deductible can lower your premium, but it also means you’re responsible for more out-of-pocket costs in case of a claim. Choose a deductible amount that fits your financial situation.
Sign the Application
After selecting an insurer, the next step is to sign the application and, in most cases, make an initial payment or deposit to start your coverage.
Review
It’s important to review your home insurance at each renewal to make sure it still fits your needs. If you decide to shop around for a better deal, try doing so about 45 days before your policy renewal date.
FAQs
Why is homeowners insurance in Utah so expensive?:
Homeowners insurance in Utah may seem higher due to factors like the risk of wildfires, severe weather, and higher rebuilding costs. However, it’s not excessively expensive compared to many other states. It’s actually below the national average.
How much is homeowners insurance per month in Utah?
On average, homeowners insurance in Utah costs between $85 and $125 per month, which is quite reasonable compared to national averages, depending on your coverage and home location.
