Best Utah Home Insurance Companies

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With house prices in Utah rising rapidly, the value of the home insurance policy to protect your investment is at an all-time high. According to the U.S. Census, 7 out of 10 Utah residents own their homes, which is 10 percent higher than the national average. The average selling price for a single family home in Salt Lake City doubled between 2011 and 2019, and is expected to rise another 5% in 2020, to reach $ 400,000 for the first time.

While the numbers show that home ownership in Utah is a major investment, it may be free of charge if you don’t have sufficient insurance coverage on the home. A homeowner’s insurance policy can protect you from financially damaging events such as weather events and property crimes. Whether you’re shopping for insurance for the first time or just looking for a better rate, Utah’s list of the best home insurance companies is the perfect place to start.

The best home insurance companies in Utah

With 1,846 insurance companies currently licensed in Utah, your choices for service provider are almost endless. JD Power 2019 home insurance survey in the U.S. lists home insurance companies as the best of the best:

AMICA: Ranked first in the entire US by JD Power, AMICA offers all kinds of home insurance that you might need in Utah. There are also plenty of ways to save on premiums with multiple discounts and even a dividend policy that costs more upfront but pays you up to 20 percent of your annual premium. Amica also gets A + ratings from BBB and AM Best. State Farm: State Farm is another favorite home insurance client in Utah. Home insurance policies cover nature, fire, theft and vandalism work. State Farm ranked fourth in the country by JD Power, and while the company only ranked A from BBB, it compensated for its A ++ financial stability rating from AM Best. Car Owners: For a more personalized experience, car owners work with local dealers to make sure you get the accurate coverage of homeowners that you need. Six different types of coverage are available to protect your property and liability. With a 4-star rating from JD Power, A + from BBB, and A ++ from AM Best, car owners receive accolades in all areas. Allstate: Rounding our list is Allstate, a property insurance company with all the basics plus a full roster of optional coverage not provided by many competitors. With Allstate, you will be able to get the protection you need for your home, yard, property and identity. methodology

Our list of the best homeowner insurance companies in Utah comes from customer service rating data released by external agencies like JD Power and Better Business Bureau. We also searched service providers to collect information about prices, coverage, discounts and more.

Amica State Farm Allstate JD Car Owners Energy Rating 5/5 4/5 4/5 3/5 BBB Rating A + AA + A + AM Best Rating A + A ++ A ++ A + Average Home Insurance Cost in Utah

With an average annual premium of just $ 692 a year, Utah is the second cheapest state in the country for home insurance after Oregon. This is likely a reflection of the relatively low crime rates and the absence of major weather threats such as hurricanes. Utah Home Insurance is barely half the national average of $ 1,211 and noticeably cheaper than neighboring countries like Colorado, where premiums are about $ 1,495 a year.

State Average cost of home insurance Utah $ 692 Oregon 677 $ Colorado 1,495 Nevada 755 California $ 10,000

When we compared the prices of a typical US $ 330,000 per family home in Utah with the list providers, the results were perfectly consistent with average costs. State Farm was the most expensive at about $ 837 a year, followed by Amica at $ 736. But after $ 140 of automatic discounts, Allstate was willing to write a policy for us for just $ 605 a year.

Home insurance coverage options in Utah

Not all housing insurance policies are equal. There are many different types of coverage to choose from when you choose a policy. The Utah Insurance Department recommends that all homeowners purchase the following types of coverage:

Building Coverage: Protects your home’s structure and other structures (like a separate garage). Personal property coverage: covers property that you keep in your property. Pay for living costs: Pay your living expenses if you need to move temporarily because your home is not habitable. Personal Liability Insurance: Protects you from legal liability if you are responsible for a bodily injury or property damage that affects a third party. Medical payments: If someone is injured while on your property, this coverage will be paid to cover his medical expenses. Common causes of home insurance losses in Utah

Although Utah is considered a low-risk state by most home insurance companies, there are still potential risks to knowing that this could lead to a property insurance claim. According to the Insurance Information Institute, these are the most common causes of homeowner insurance losses:

Fire, lightning, physical injuries, property damage, wind, hail, water damage, freezing

One additional risk that earthquake homeowners in Utah should know about. Parts of the state are very dangerous earthquake areas, especially in the northern regions. Because standard home insurance policies do not cover earthquake damage, the state’s Utah Insurance Department recommends homeowners to purchase separate earthquake insurance.

Frequently Asked Questions What is the best homeowners insurance in Utah?

Our research showed that Amica offers the best home insurance in Utah.

How do I get homeowner insurance in Utah?

To obtain an insurance policy for Utah homeowners, visit the providers’ websites or contact local agents to obtain quotes for your home and compare prices.

Is Homeowners Insurance Required In Utah?

No country requires home insurance under the law, although most lenders will require proof of coverage if you finance your home. However, you should always have home insurance to protect yourself from unexpected events like fire, inclement weather, and property crimes.

How much does home insurance cost in Utah?

Utah is one of the cheapest states for homeowners policy. On average, insurance premiums are only $ 692 a year.

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