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Best homeowners insurance companies in Utah for 2024

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

Jessa Claeys is an insurance editor for Bankrate with over a decade of experience writing, editing and leading teams of content creators. She currently covers auto, home and life insurance with the goal of helping others secure a healthy financial future. Her work has been published by several insurance, personal finance and investment-focused publications, including Jerry, BiggerPockets, 401(k) Specialist, BP Wealth and more.

Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict  editorial integrity, this post may contain references to products from our partners. Here’s an explanation of  how we make money. Our content is backed by Coverage.com  LLC, a licensed entity (NPN: 19966249). For more information, please see our  Insurance Disclosure.

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Bankrate's insurance editorial team analyzed information focused on homeowners insurance in Utah to come up with an extensive overview of the best insurance companies in the Beehive State. Using data gathered from Quadrant Information Services, we compared average rates along with other signs of quality, such as third-party rankings for customer service, range of coverage options and financial strength.

Using our unique methodology and in-depth insurer data, Bankrate has determined that the following companies are writing the best homeowners insurance in Utah. When looking for Utah home insurance, any of these companies would be a good place to start:

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

This content is powered by HomeInsurance.com, a licensed insurance producer (NPN: 8781838) and a corporate affiliate of Bankrate.com. HomeInsurance.com LLC services are only available in states where it is licensed and insurance coverage through HomeInsurance.com may not be available in all states. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Compare the best homeowners insurance companies in Utah

To help you find the best Utah homeowners insurance, Bankrate's editorial team analyzed rates provided by Quadrant Information Services, as well as data and rankings gathered from trusted third-party sources, such as AM Best and J.D. Power. Each company was assigned a Bankrate Score based on factors such as coverage options, affordability, financial strength and customer service. While the average Utah homeowner pays $1,117 per year, we determined that USAA, Nationwide, State Farm, American Family and Farmers offer some of the most competitive rates, coupled with standout service.

Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Bankrate's trusted insurance industry expertise

The home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

The top 5 home insurance companies in Utah

Best for military-focused coverage

4.7

4.7

Avg. premium for $300K dwelling

$100/mo

Avg. premium for $300K dwelling

$1,200/yr

Customer satisfaction

881/1,000

Why USAA made our list: USAA earns a Bankrate Score of 4.7 and stands out for its unique military-focused coverage options, including coverage for uniforms, as well as its excellent customer satisfaction and financial strength ratings from third-party agencies. The company also offers replacement cost coverage, identity theft protection and home-sharing coverage.

Who USAA may be good for: USAA only sells insurance to current and former military service members and their families, which means not all Utah homeowners will be eligible for coverage. Those stationed at Dugway and Hill AFB may especially consider getting a quote with the company, as well as veterans living in the state.

CheckmarkPros

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In addition to USAA’s standard coverage, homeowners can consider adding the following options:

Best for add-on coverage

4.3

4.3

Avg. premium for $300K dwelling

$77/mo

Avg. premium for $300K dwelling

$930/yr

Customer satisfaction

812/1,000

Why Nationwide made our list: Nationwide offers a host of home insurance endorsements for those seeking robust policies, including endorsements for valuables, water backup and replacement cost. Additionally, Nationwide's average premium was the second-lowest on our list, suggesting that it could be a good option for those wanting to save money.

Who Nationwide may be good for: If you want several options to personalize your home insurance policy with endorsements, Nationwide may be a good provider to consider.

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If you’re looking for an insurance company that offers more than just basic homeowners coverage, Nationwide might be a good fit.

Best for policy bundling

4.2

4.2

Avg. premium for $300K dwelling

$73/mo

Avg. premium for $300K dwelling

$876/yr

Customer satisfaction

829/1,000

Why State Farm made our list: State Farm is the largest home insurance provider in the country by market share and is also one of the most reputable, with high third-party ratings for financial strength and customer satisfaction. Out of the Utah home insurance companies we reviewed, State Farm is the best for bundling home and auto insurance. The company offers one of the most generous policy bundling discounts in the industry and has options to purchase multiple kinds of insurance.

Who State Farm may be good for: Homeowners looking to work with a large, reputable company may want to get a quote from State Farm, which has agents across the state. Depending on your circumstances, they may also be a good financial choice, especially if you want to bundle your car insurance with your homeowners insurance.

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State Farm offers a few endorsements to suit its policyholders needs. These include:

Best for affordable rates

4.2

4.2

Avg. premium for $300K dwelling

$64/mo

Avg. premium for $300K dwelling

$773/yr

Customer satisfaction

813/1,000

Why American Family made our list: Based on rate data from Quadrant Information Services, American Family has some of the cheapest home insurance in Utah, with an average annual premium well below the statewide average rate. In addition to its low rates, American Family also has many add-on coverage options for policy personalization and discounts for even more cost savings.

Who American Family may be good for: Young homebuyers or those purchasing their first home may appreciate American Family's low rates if they have a tight budget after their home purchase.

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Homeowners who want a robust home insurance policy may be interested in the following options from American Family:

Best for discounts

3.6

3.6

Avg. premium for $300K dwelling

$141/mo

Avg. premium for $300K dwelling

$1,688/yr

Customer satisfaction

800/1,000

Why Farmers made our list: Farmers is one of the best home insurance companies in Utah for discounts. You might be able to save on policy costs if you belong to a qualifying affinity group, enroll in paperless policy statements, insure a newly-built home, install protective devices in your house, have a green-certified home or pay your premiums on time. If you buy a policy from Farmers, you may want to take advantage of as many discounts as you can, considering that the company has the highest average rates out of the providers on our list.

Who Farmers may be good for: Families who are budgeting may benefit from the range of discounts Farmers offers. Although its rates are on the high side for Utah, if you qualify for enough discounts, you may be able to earn a cheap premium from the company.

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Discounts aren’t the only thing to consider when checking out Farmers. The company also offers:

Additional Utah home insurance companies to consider

Travelers

Who this may be best for

Homeowners who wish to customize their insurance policies or bundle insurance products

A standard home insurance policy from Travelers might not offer as extensive coverage as other providers on our list, but you have the option of adding the coverage you want. Travelers provides more in the way of auto insurance policies, but homeowners looking to combine home and auto insurance through a single carrier may find Travelers to be an affordable option.

Auto-Owners

Who this may be best for

Homeowners on a budget who want to customize their insurance

Auto-Owners isn’t available nationwide, but it does write insurance policies in Utah. The company is more affordable in the state compared to some other insurers, on average, making it a good option for homeowners who are looking for the cheapest provider. It has a lengthy list of discounts and optional insurance endorsements, too.

Encompass

Who this may be best for

Homeowners who prefer to purchase an insurance package

Although Encompass’ average homeowners insurance premium is generally higher on average than some of the providers on our list, the company might be a good fit for homeowners who want a streamlined shopping experience. Homeowners can choose between three tiers of coverage, each with their own unique coverage, discounts and optional add-ons. If you’re interested in combining your homeowners and auto plans, Encompass might be worth considering.

How Bankrate chose the best home insurance companies in Utah

Bankrate’s insurance editorial team, which includes licensed agents, reviews each company carefully to determine which offer the best policies for Utah homeowners. Average pricing information is collected from Quadrant Information Services. This information is collated along with data on coverage options, customer satisfaction, financial strength and more to provide a Bankrate Score that reflects the ability of each company to write robust, cost-effective policies for those who own homes in the Beehive State.

Cheapest home insurance companies in Utah

Shopping for homeowners insurance can be overwhelming, but knowing the cheapest companies for average premiums in Utah can give you a place to start. Keep in mind that exact rates will vary depending on your ZIP code, the coverage options you choose and other factors.

How to get cheap Utah home insurance

Although cost is only one of the factors you should consider when looking for home insurance, it's a big one. No one wants to pay more than is necessary for coverage. Having said that, you also want a company that is financially solvent and places a high value on customer service. How do you find the best cheap home insurance in Utah? Here is a good strategy to follow:

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.

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Best home insurance discounts in Utah

Discounts can save you money on your premium, and many of them are easy to qualify for. Here are a few that Utah insurance companies may offer.

How to save on home insurance policy renewals in Utah

After you’ve found an insurance company and purchased a policy, you can potentially save at renewal time. Here are a few things you might be able to do to reduce costs:

How much is home insurance in Utah?

Utah homeowners pay an average of $1,117 annually for $300,000 in dwelling coverage. This is considerably cheaper than the national average, which is $2,151. It's also cheaper than homeowners insurance in Utah's neighboring states, such as Nevada, where the average is $1,257, and Colorado, which clocks in at an average of $2,988. The reasonable cost in Utah may be partly related to the relatively low cost of living in the state.

Keep in mind that your own rates are likely to differ from the average. Insurers determine premiums by looking at multiple factors that are specific to your circumstances, such as your home's age, location, overall condition and even the age of the roof. The coverage options you choose will also play a role in determining what you pay. It's a good idea to shop around when you are looking for a policy and gather quotes from a range of insurers to be sure you're getting the best price for your policy.

Each insurer uses its own proprietary algorithm to determine premiums, so you can see a range of average premiums for the same amount of dwelling coverage from different insurers. As the coverage increases, the price does as well.

Utah homeowners insurance rates by city

Rates within Utah can vary significantly by city. This is noticeable when you compare rates for densely populated cities like Salt Lake City to smaller rural communities.

*Rates are for $300,000 in dwelling coverage.

What does home insurance cover in Utah?

As a homeowner, one of the most important investments you can make is purchasing homeowners insurance. This type of insurance covers your property and belongings in case of unexpected events, such as natural disasters, theft and accidents. While it may seem like an extra expense, homeowners insurance can provide peace of mind and financial stability in the event of a disaster.

While standard policies cover six main areas, it's important to note that certain perils, such as flooding and earthquakes, are typically not included and will require additional insurance. To make sure you have the best coverage for your specific needs, it's important to carefully review your policy and consider any necessary endorsements or separate policies. Additionally, regularly maintaining your home and staying informed about your coverage options can help avoid costly surprises in the future.

Additional home insurance coverage types in Utah

In addition to standard coverage types for your buildings and property, most insurers have optional endorsements, or add-ons, that allow you to personalize your policy to meet your needs. Add-ons are important because basic insurance doesn’t cover all types of damage. For instance, earthquakes and flooding require special insurance. Investing in an add-on may pay off in the long run if you experience an event that is not covered by your current policy.

Here are some common endorsements:

Related content:

How much does flood insurance cost? Previously Read

The best home and auto insurance bundles Previously Read

Home insurance claims statistics and facts Previously Read

Common Utah home insurance problems

Homeowners in the southern and southeastern parts of Utah have a higher risk of flooding, which can mean more expensive policies. Utah also faces extreme heat and severe snowstorms. Although Utah hasn’t faced the same challenges that coastal states have, homeowners might still experience some of the following issues:

New

According to the Environmental Protection Agency, Utah's climate is changing. The next several decades should see significant alterations in patterns that will impact those who live in the state. These changes include:

All these changes could see the possibility of damage to your home or property. If you own a ranch or farm, you could also see decreased productivity.

How does this impact homeowners insurance? As the climate warms, heat-related disasters such as forest fires could have an impact, depending on where you live in the state. It may become increasingly vital for those in more rural or heavily treed areas to practice good fire mitigation techniques to limit the possible dangers and to ensure that their insurance policy will cover them. If the worst does happen, a good insurance policy should help cover your losses following a fire.

Early snowmelt could be the cause of localized or regional flooding. Although most common home insurance policies cover you for fire, the same is not true of flooding; it is excluded from regular HO-3 policies. To protect yourself from flooding, you would need to purchase an endorsement or a separate flood policy, either through the National Flood Insurance Program or your insurer.

Frequently asked questions

What is the best homeowners insurance in Utah?

The best home insurance company in Utah depends on what you’re looking for in a carrier. For example, if you want the cheapest rates, American Family or Nationwide might be a good company for you. If customer service matters most, you might look to USAA or State Farm. To find the best home insurance company, it’s important to compare several providers using your own criteria for what makes a company “the best.”

The best home insurance company in Utah depends on what you’re looking for in a carrier. For example, if you want the cheapest rates, American Family or Nationwide might be a good company for you. If customer service matters most, you might look to USAA or State Farm. To find the best home insurance company, it’s important to compare several providers using your own criteria for what makes a company “the best.”

What is the cheapest homeowners insurance company in Utah?

Because home insurance policies and rates are highly personalized, the cheapest provider will vary depending on the homeowner and home, amongst other variables. When looking for the cheapest homeowners insurance company, insurance experts recommend requesting free quotes from several companies for comparison. Doing so allows you to see which company might offer you the lowest rates for your situation. It can also be a good idea to review each company's available discounts to see if these would affect which company might be cheapest for you.

Because home insurance policies and rates are highly personalized, the cheapest provider will vary depending on the homeowner and home, amongst other variables. When looking for the cheapest homeowners insurance company, insurance experts recommend requesting free quotes from several companies for comparison. Doing so allows you to see which company might offer you the lowest rates for your situation. It can also be a good idea to review each company's available discounts to see if these would affect which company might be cheapest for you.

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 company or lienholder if you have a loan on your home. Even if this is not the case, considering a homeowners insurance policy can be a beneficial part of your financial plan to protect what may be one of your largest investments.

Purchasing homeowners insurance is not a legal requirement for all homeowners, but it can be required by your mortgage company or lienholder if you have a loan on your home. Even if this is not the case, considering a homeowners insurance policy can be a beneficial part of your financial plan to protect what may be one of your largest investments.

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

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

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

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