Best Homeowners Insurance in Utah of 2022 | Bankrate
Best Homeowners Insurance in Utah of 2022 | Bankrate

Best Homeowners Insurance in Utah of 2022 | Bankrate

Homeowners in the Beehive State have many options when it comes to homeowners policy, but knowing which option is the best can be catchy. Although not a legal prerequisite, homeowners policy can be an integral separate of your fiscal plan if you live in Utah, and having the best homeowners insurance means building a policy personalized to your home and needs. In Utah, the modal annual cost of home plate indemnity is $ 647 per year for a policy with $ 250,000 in dwelling coverage, according to Bankrate ’ second 2021 survey of quoted annual premiums from Quadrant Information Services. Whether this is your first fourth dimension shopping for homeowners indemnity or you are looking to find a more competitive rate, Bankrate has done the inquiry to help make your decisiveness serve easier .

Best home insurance companies in Utah

With a kind of property insurers operating in Utah, your choices for a provider are about endless. To narrow down the number, Bankrate reviewed numerous policy providers in the state to learn their fiscal forte ratings and customer service scores from reputable third-party reviewers like AM Best and J.D. Power, adenine well as each company ’ south coverage options, discounts and even mobile app approachability. From our grade, below are some of the best home indemnity companies in Utah :

Home insurance company Average annual premium for $250k dwelling coverage J.D. Power score
Allstate $803 829/1,000
Auto-Owners $662 831/1,000
Farmers $846 813/1,000
State Farm $809 835/1,000
USAA $656 882/1,000

Allstate

For first-time buyers, Allstate has elementary and easy-to-use on-line tools and superior customer satisfaction ratings. Allstate may be one of the most expensive when it comes to average annual bounty compared to others on this list, but they besides have a full menu of extra coverage options and discounts that many competitors may not offer to insure your home.

Learn more: Allstate Insurance Review

Auto-Owners

For a more personalized experience, Auto-Owners works with local anesthetic agents to guide you through the policy buy process. Its homeowners policy is more standard compared to other homeowners policy carriers, even when upgrading to its Homeowners Plus policy, but the party did receive a high rat for customer satisfaction from J.D. Power and a strong fiscal force rat from AM Best. Learn more: Auto-Owners Insurance Review

Farmers

Homeowners who have put a significant amount of study into their homes might consider Farmers at the top of their list. Though the average home insurance monetary value with Farmers is slenderly higher than average rate in Utah, the company offers a wide variety of discounts specifically for home upgrades and renovations that could help with lowering the premium. Learn more: Farmers Insurance Review

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State Farm

state farm is an option to consider for homeowners who want access to expansive homeowners indemnity policy coverage options a well as the dependability of a local agent. State Farm is on the higher end of the average base policy premiums on this tilt, but it besides offers a diverseness of discounts that could be used to help lower the annual premium. Learn more: State Farm Insurance Review

USAA

USAA offers some of the cheapest average homeowners indemnity premiums in Utah with many coverage options for personalization. however, USAA besides has identical rigid eligibility requirements and is not available to the wide public, as the company only accepts current and erstwhile members of the military who have been honorably discharged, equally well as eligible family members. Learn more: USAA Insurance Review

How much is homeowners insurance in Utah?

The average cost of homeowners indemnity in Utah is $ 647 per class for $ 250,000 in dwelling coverage. This is cheaper than the national average cost of homeowners indemnity at $ 1,312 per year, and even cheaper than the average premiums in neighboring states such as California and Colorado. however, it ’ sulfur significant to keep in mind that home indemnity premiums vary depending on features of your home, such as the age, size, placement and condition, deoxyadenosine monophosphate well as coverage options included in the policy. To be indisputable that you are getting the best rate for your home, it ’ sulfur highly recommended that you shop about and request quotes from multiple indemnity companies .

State Average annual cost of home insurance for $250,000 in dwelling coverage in neighboring states
Utah $825
Oregon $776
Colorado $1,995
Nevada $814
California $1,101

Home insurance in Utah

When purchasing home plate indemnity for your property, you should be aware of the available coverage options that can be added to the policy for more security and peace of mind. The coverage options you choose will likely depend on a number of factors, including the climate conditions in your region, the rate of crime in your area and the most common causes of property wrong .

Common causes of loss in Utah

Utah is considered a low-risk department of state by most home insurers, but there are calm potential perils to know about that could result in a property policy title. According to the Federal Emergency Management Agency ’ randomness ( FEMA ) record of announce disasters in Utah, these are the top recurring natural disasters in this state :

  • Wildfires
  • Earthquakes
  • Winter storms
  • Flooding

standard homeowners policies cover damage from fire and storms, but earthquakes and floods are excluded. Homeowners near an active defect line can consider purchasing separate earthquake insurance. When it comes to flood insurance, it may be deserving looking into if your home is located in or near a flood zone. If your home has a mortgage, your fiscal mental hospital may require deluge insurance .

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Home insurance coverage options in Utah

many policy companies offer alone coverage options that competitors may not have, but there are certain standard coverages that are offered as part of all homeowners indemnity policies. To be certain you are getting the best homeowners insurance policy for your home, it ’ s authoritative to know not lone what these coverages are, but how much policy you ’ ll need for your home plate. You ’ ll find a brief compendious of these coverage options below :

  • Dwelling coverage: This is the primary portion of homeowners insurance coverage and insures your home and any attached structures.
  • Other structures coverage: If you have a separate structure, such as a swimming pool or detached garage, these structures would be covered under this section of your homeowners insurance policy. The amount is typically a set percentage of your dwelling coverage amount.
  • Personal property coverage: This coverage applies to your personal belongings, such as furniture, clothing and appliances.
  • Additional living expenses coverage: If your home was damaged because of a covered loss and you were unable to live there, this coverage would pay for temporary lodging costs while your home is being repaired.

Frequently asked questions

What is the cheapest homeowners insurance company?

While some companies may have cheap homeowners policy compared to competitors, the individual rate for each home will vary. Homeowners insurance is very individualized and depends on a variety of fink factors, so premiums will be different for every homeowner .

Is homeowners insurance required in Utah?

Purchasing homeowners insurance is not a legal requirement for all homeowners, but it can be required by your mortgage ship’s company or lienholder if you have a loanword on your home. even if this is not the case, considering a homeowners policy policy can be a beneficial function of your fiscal plan to protect what may be one of your largest investments .

How do I compare homeowners insurance policies?

When looking for the best policy, a common musical composition of advice is to shop around and compare homeowners policy policies. If you know what coverage amounts and types you need, be indisputable to specify these when requesting quotes from policy providers so that you can compare accurately. This will besides help you see which one offers the most reasonable price.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit rating and the following coverage limits :

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners besides have a $ 1,000 deductible and a disjoined wind and acclaim deductible ( if required ). These are sample distribution rates and should be used for comparative purposes only. Your quotes will differ .

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