Cheapest & Best Renters Insurance In Salt Lake City 2025
Farm Bureau offers the cheapest renters insurance in Salt Lake City, with plans starting at about $6 a month. Still, I think Nationwide stands out as the better option overall because it provides more comprehensive coverage choices.
We’ve saved shoppers an average of $200 per year on their renters insurance.
If you’re looking for low-cost renters insurance in Salt Lake City, Farm Bureau is the most budget-friendly choice, with average monthly rates around $6. That said, if you prefer broader protection and better service, Nationwide is a stronger pick. Its plans cost a bit more—about $12 per month on average—but they offer more extensive coverage.
Salt Lake City, known as “The Crossroads of the West,” experiences over 12,000 property crimes each year. This breaks down to roughly 58 incidents per 1,000 residents, ranking it among the cities with the highest crime rates in the US. With numbers like these, renters insurance isn’t just a good idea—it’s a smart way to protect your personal items and give yourself peace of mind.
Cheapest Renters Insurance Companies In Salt Lake City
Farm Bureau offers the lowest renters insurance rates in Salt Lake City, with average monthly premiums around $6. To help you weigh your options more easily, the table below compares the five most affordable insurance providers.
| Company | Average Monthly Cost |
| Allstate | $8 |
| State Farm | $10 |
| Auto-Owners | $15 |
| Farm Bureau | $6 |
| Nationwide | $12 |
Best Renters Insurance Companies In Salt Lake City
Farm Bureau is a great option if you’re trying to keep your renters insurance budget-friendly. However, the cheapest policy isn’t always the most reliable. In my view, Nationwide is the best overall choice for renters insurance in Salt Lake City. It offers competitive pricing along with a wider range of coverage and customization options than many other providers. With Nationwide, you can get solid protection and added benefits without breaking the bank.
| Company | Average Monthly Cost |
| American Family | $20 |
| Nationwide | $12 |
| USAA | $18 |
| Travelers | $19 |
| Amica | $23 |
Average Cost Of Renters Insurance In Salt Lake City
On average, renters in Salt Lake City pay around $21 a month—or $252 annually—for insurance. That said, your exact premium may differ depending on things like your coverage amount, where you live, your deductible, and how each company sets its rates. The table below compares average prices from five leading insurance providers in the area.
| Company | Average Monthly Cost |
| Travelers | $22 |
| USAA | $20 |
| American Family | $23 |
| Nationwide | $15 |
| Amica | $26 |
Average Cost Of Renters Insurance In Salt Lake City By Deductible
A deductible is the portion of a claim you’ll need to pay out of pocket before your renters insurance starts covering the rest. Opting for a higher deductible usually means lower monthly premiums, while a lower deductible tends to increase your monthly costs. The table below shows how average renters insurance rates in Salt Lake City change based on different deductible amounts.
| Deductible Amount | Average Monthly Cost |
| $250 | $21 |
| $500 | $20 |
| $1,000 | $19 |
| $1,500 | $18 |
| $2,000 | $16 |
Factors That Impact Renters Insurance Costs In Salt Lake City
The cost of renters insurance in Salt Lake City depends on several key factors:
Location: If you live in an area with high crime rates or are prone to natural disasters like earthquakes or wildfires, your insurance rates are likely to be higher.
Claim History: Having a record of past insurance claims can label you as a higher risk, which may lead to increased premiums.
Coverage Limits: The more coverage you choose, especially with extras like replacement cost or identity theft protection, the higher your policy cost will be.
Deductible Amount: A higher deductible can help lower your monthly premium, while a lower deductible usually increases it, as the insurer assumes more of the financial risk.
Credit Score: Insurance providers often use your credit score when setting rates. Generally, lower credit scores result in higher premiums.
Home Safety Features: Features like smoke detectors, security systems, or sprinkler systems can reduce your risk and might qualify you for lower rates.
Common Causes Of Loss In Utah
Renters in Utah face a range of risks—from natural disasters to property crime—that make having the right insurance coverage essential. Understanding these threats can help you pick a policy that offers strong protection for your belongings and finances.
Wildfires
Wildfires are a serious concern in Utah and can cause widespread damage. Fortunately, most standard renters insurance policies in Salt Lake City include wildfire coverage, so there’s usually no need to buy extra protection for this risk.
Property Crime & Theft
With more than 12,000 property crimes reported annually in Salt Lake City, theft is a real issue for renters. Renters insurance helps cover the cost of stolen belongings and may include liability coverage if someone gets hurt during a break-in.
Fire Hazards
Fires can spread quickly in apartment buildings, leading to heavy losses. Renters insurance covers damage to personal items caused by fire—a smart move given how frequently fire incidents occur in the area.
Earthquakes
Standard renters policies usually don’t cover earthquake damage, and since Utah lies in a seismically active zone, adding earthquake coverage is highly recommended. Providers like USAA, State Farm, and American Family offer affordable add-ons.
Flooding
Floods are a recurring problem in Salt Lake City, but renters insurance doesn’t typically include flood protection. To stay fully covered, renters should consider purchasing a separate flood insurance policy.
Water Damage
Damage from leaking pipes, plumbing issues, or roof leaks is usually covered under renters insurance. However, water damage from external flooding isn’t included and requires separate coverage.
Additional Protection
Many renters policies also include coverage for things like vandalism, some natural disasters, and accidental damage, offering extra peace of mind.
By recognizing these common risks, renters can make more informed decisions when selecting a policy that fits both their lifestyle and location.
Our Methodology
To evaluate renters insurance companies, we looked at key factors such as pricing, coverage options, claims process, and customer support. Our analysis included quotes from multiple insurers in Salt Lake City, focusing on standard policies that offer $20,000 in personal property coverage and $100,000 in liability coverage.
We also considered deductible flexibility, available add-ons for risks like earthquakes and floods, and discounts for bundling renters and auto insurance. Customer experiences played a big role—reviews and ratings from sources like J.D. Power and Consumer Reports helped us highlight companies with dependable service and hassle-free claims.
On top of that, we took into account common risks specific to Salt Lake City, such as theft and water damage, which can impact the type and level of coverage renters need. With all of these factors in mind, our guide delivers a well-rounded and detailed comparison of renters insurance options in Utah.
Quotes Analyzed
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About Bob Phillips
