What can you expect from a top homeowners insurance company? For the most part, consumers should be on the lookout for reasonable premiums, extensive coverage options, great customer service and a variety of discounts. To create a list of the top carriers, we started by looking at the largest homeowners insurance providers in Utah based on market share. We then evaluated each company based on their average price, policy offerings, add-on coverages and more. We compared 11 different providers to settle on the top four
The 4 Best Homeowners Insurance Companies in Utah
|Our review||Our review||Our review||Our review|
|AM Best Financial Strength Rating||A++||A||A+||A+|
|J.D. Power Overall Customer Satisfaction Score||4/5||3/5||N/A||2/5|
|Online Quote Tool||X||✓||✓||✓|
|Compare rates||Compare rates||Compare rates||Compare rates|
Average Cost of Homeowners Insurance in Utah
The average annual homeowners insurance in Utah costs $692. Utah is the least expensive state for homeowners insurance in the U.S. For comparison, the average cost of home insurance nationwide is $1,211, almost twice as expensive as Utah. However, not every resident will pay the same amount. Homeowners insurance premiums are highly individualized, and there are many factors that contribute to your rate. Those factors include your zip code, your age, your marital status, the age of your home, your claims history and more.
Home Insurance Add-ons That Will Further Protect You
In Utah, homeowners may deal with major snowstorms and earthquakes. Basic homeowners insurance In Utah covers damage from snow and ice, which will provide enough coverage for a majority of people. However, you’ll need a separate policy for earthquake insurance. You can read this guide to earthquake insurance in Utah from the state’s insurance department for more information.
Helpful Resources for Utah Homeowners
If you need help getting homeowners insurance in Utah, you can get information from the Utah Insurance Department. They have a number of resources on how to file a claim, find an agent or an insurance provider and prepare your home for disasters.
In order to purchase a homeowners insurance policy, you’ll need to request a quote online or get in touch with a representative from the companies you’re considering. You’ll be asked to provide basic personal information, like your name, age and marital status. The insurance company will also need information about your home, including the zip code, when it was built, when you bought it, and the materials it’s built with.
To determine the best homeowners insurance companies in Utah, we started by creating a list of the providers with the biggest market share in the state. From there, we narrowed down the list by evaluating each provider based on their average price, policy options, financial strength, discounts and customer service ratings. These factors indicate the reliability of a home insurance company.
Best Utah Homeowners Insurance Companies
Auto-Owners Insurance is ranked highly in J.D. Power’s 2019 Homeowners Insurance Study, with 4 out of 5 stars for overall satisfaction and customer service. The company received 3 out of 5 stars for claims handling, which is about average.
Auto-Owners offers affordable home insurance premiums, which are slightly below the U.S. national average. They also provide discounts for policy bundling, on-time payments, enrolling in paperless billing, getting a quote in advance, paying off your mortgage and many more.
We also found that Auto-Owners offers extensive coverage options, making it easy to customize your policy. Optional coverages include guaranteed home replacement cost, identity theft coverage, water backup, ordinance coverage and equipment breakdown.
One thing you should keep in mind is that the company doesn’t have an online quote tool, so you’ll need to get in touch with an Auto-Owners agent to get a quote and purchase a policy.
American Family is one of the most popular insurance providers in the country. They are known for offering affordable premiums and good discounts on their home insurance policies. The company also offers helpful online tools and resources, like a home insurance calculator, home insurance checklist and more.
With the Diminishing Deductible program, you can lower your deductible to better prepare for the out-of-pocket costs of filing a claim. American Family’s Diminishing Deductible program rewards homeowners by lowering their deductible by $100 every year, up to the policy maximum.
The only issue we found with American Family is that their claims handling process is just average. Based on BBB customer reviews, some customers complained about claim delays and slow payouts.
- Online tools and resources
- Great customer service
Average coverage options
Acuity is a great insurance company for new homeowners. They offer helpful online resources that can help you determine what their policies cover and how much coverage you need. The company also offers tools like a home inventory worksheet, home maintenance log and a mobile app where you can manage your policy on-the-go.
The company is also highly rated for its customer service. Acuity has an A+ rating from the BBB, and 108 customer reviews with an average rating of 4.2 stars.
Acuity offers reliable basic homeowners insurance, but they don’t offer as many coverage options as other providers. Some of the added coverages they offer include identity theft, service line and home business.
Millions of customers rely on Nationwide for their insurance needs. The company offers cheap rates, as well as discounts that can help you save money. Some of the discounts Nationwide offers include insuring a new home, bundling policies, being claims-free, renovating your home and living in a gated community.
However, Nationwide isn’t known for having the best customer service. According to J.D. Power’s 2019 Homeowners Insurance Study, Nationwide received two out of five stars, which is considered to be below average.
The Cheapest Homeowner Insurance Companies In Utah
|Homeowner Insurance Companies||Average Annual Premium|
|American Family Insurance||$403|
|Mutual of Enumclaw Insurance||$430|
|Garrison Property and Casualty Insurance||$789|
|Average Annual Premium Across Companies||$647|
Average Annual Premium by Age of Home
|Homeowner Insurance by Age of Home||Average Annual Premium|
|Average Annual Premium Across Ages||$843|
Quadrant home insurance rate data as of 12/01/2019.
These rates are a sample set meant only for general comparison. Your own premium will vary.
Top 3 Cheapest Homeowner Insurance Companies in Utah
• Nationwide – $433
• Mutual of Enumclaw – $430
• American Family – $403
Top 3 Most Expensive Homeowner Insurance Companies in Utah
• Encompass – $1,136
• State Farm – $828
• Garrison Property and Casualty Insurance – $789
In the state of Utah, the least expensive homeowners insurance companies are Nationwide, Mutual of Enumclaw and American Family. The most expensive companies are Encompass, State Farm and Garrison Property and Casualty. These rates are based on general profiles, and your policy cost may be different than the company’s average based on factors such as home’s age, zip code, your credit score, among others. To determine how much you can expect to pay, you’ll need to get personalized quotes from different providers.
Homeowners Insurance FAQ
Is homeowners insurance required in Utah?
Homeowners insurance is not legally required in any state, including Utah. But keep in mind that if you have a mortgage on your house, your lender will probably require you to have insurance before they approve your loan. Having homeowners insurance also means you won’t have to pay completely out-of-pocket to repair or rebuild your home if it gets damaged.
What is the cheapest homeowners insurance in Utah?
Based on our research, the cheapest homeowners insurance in Utah is American Family. On average, American Family customers pay $403 per year for their insurance and they offer additional discounts customers can take advantage of.