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Best homeowners insurance in Utah for 2023

See which Utah home insurance companies may help best protect your home investment.

Written by
Mary Van Keuren
Edited by
Lisa McArdle
Reviewed by
Mark Friedlander
Edited by
Lisa McArdle
Reviewed by
Mark Friedlander
Updated Sep 01, 2023
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Quick Facts
Moneybag
$382/year
average savings through Bankrate
Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
Circle Check
100% of homes
need insurance before getting a mortgage
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Compare the best homeowners insurance companies in Utah for 2023

To help you find the best Utah homeowners insurance rate, 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 for financial strength ratings and J.D. Power for 2022 home insurance customer satisfaction. We also reviewed each insurer individually to assess its coverage. Each company was assigned a Bankrate Score based on factors such as coverage options, affordability, financial strength and customer service. Based on this information, we determined USAA, Nationwide, State Farm, American Family and Farmers to be writing some of the best Utah homeowners insurance.

USAA
3.7
Bankrate Score
Info
AM Best
A++
J.D. Power score
800
/1,000
Average monthly premium
$61
Average annual premium
$733
 Get a quote
Nationwide
3.2
Bankrate Score
Info
AM Best
A+
J.D. Power score
Not rated
Average monthly premium
$51
Average annual premium
$612
 Get a quote
State Farm
3.2
Bankrate Score
Info
AM Best
A++
J.D. Power score
Not rated
Average monthly premium
$69
Average annual premium
$828
 Read review
American Family
3.1
Bankrate Score
Info
AM Best
A
J.D. Power score
829
/1,000
Average monthly premium
$48
Average annual premium
$580
 Get a quote
Farmers
2.9
Bankrate Score
Info
AM Best
A
J.D. Power score
Not rated
Average monthly premium
$73
Average annual premium
$877
 Get a quote
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Insurance Disclosure

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.

The top 5 home insurance companies in Utah

USAA

Best for military-focused coverage

3.7 Bankrate Score
JD Power: 800/1,000 AM Best: A++

Average annual premium

$ 733 for $250k dwelling coverage
USAA Review Get a personalized quote

Why USAA made our list: USAA earns a Bankrate Score of 3.7 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 quoting with the company, as well as veterans living in the state.

Nationwide

Best for add-on coverage

3.2 Bankrate Score
JD Power: Not rated AM Best: A+

Average annual premium

$ 612 for $250k dwelling coverage
Nationwide Review Get a personalized quote

Why Nationwide made our list: Nationwide offers a host of home insurance endorsements for those seeking robust policies, including 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.

State Farm

Best for policy bundling

3.2 Bankrate Score
JD Power: Not rated AM Best: A++

Average annual premium

$ 828 for $250k dwelling coverage
State Farm Review Get a personalized quote

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.

American Family

Best for affordable rates

3.1 Bankrate Score
JD Power: 829/1,000 AM Best: A

Average annual premium

$ 580 for $250k dwelling coverage
American Family Review Get a personalized quote

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 well below the statewide average rate of $696. 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.

Farmers

Best for discounts

2.9 Bankrate Score
JD Power: Not rated AM Best: A

Average annual premium

$ 877 for $250k dwelling coverage
Farmers Review Get a personalized quote

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.

How Bankrate chose the best home insurance companies in Utah

Our editorial team of licensed insurance agents, reviews each company carefully to determine who offers 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.

How much is homeowners insurance in Utah?

Utah homeowners pay an average of $696 annually for $250,000 in dwelling coverage. This is considerably cheaper than the national average, which is $1,428. It's also cheaper than homeowners insurance in Utah's neighboring states, such as Nevada, where the average is $889, and Colorado, which clocks in at an average of $2,152. 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 premium rates 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 their own proprietary algorithms 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.

USAA
$150K
$590
$250K
$733
$350K
$851
$450K
$956
$750K
$1,259
Nationwide
$150K
$410
$250K
$612
$350K
$798
$450K
$1,009
$750K
$1,695
State Farm
$150K
$639
$250K
$828
$350K
$958
$450K
$1,137
$750K
$1,668
American Family
$150K
$425
$250K
$580
$350K
$733
$450K
$887
$750K
$1,362
Farmers
$150K
$609
$250K
$877
$350K
$1,144
$450K
$1,427
$750K
$2,292
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Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Insurance Disclosure

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.

Another factor that impacts home insurance rates is the city and ZIP code where your home is located. Below are some of the more inexpensive regions in the state.

  • Syracuse: $649 — 7 percent below the state average
  • Farmington: $655 — 6 percent below the state average
  • Woods Cross: $655 — 6 percent below the state average
  • Cedar City: $656 — 6 percent below the state average
  • Hill Afb: $656 — 6 percent below the state average

Even Utah's more expensive regions still boast lower-than-average homeowners insurance premiums. Following are some of the cities where you could pay slightly more than the Utah average.

  • Meadow: $758 — 9 percent above the state average
  • Oak City: $758 — 9 percent above the state average
  • Centerfield: $752 — 8 percent above the state average
  • Gunnison: $752 — 8 percent above the state average
  • Leamington: $752 — 8 percent above the state average

How to find the best cheap home insurance in Utah

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 robust homeowner coverage. Having said that, however, 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:

  1. Assess your situation. Do you live near a fire station? Is your home brick or hardwood? When was your roof last replaced? All these elements will factor into the price you pay for insurance.
  2. Research several insurance companies. The best cheap home insurance in Utah for you will most likely be different for another homeowner. To get started, you may want to review the websites on our list of the five best in Utah. A few factors to consider while reviewing each site is whether the company offers the coverage options and add-ons that are applicable to your situation. Additionally, check if the company makes it easy to do business online and if local agents are easily accessible. Only you can determine what is most important to you when picking an insurer.
  3. Gather quotes. Many insurance companies will give you a quote online. Others require you to call an agent. Shopping around is the best way to find out whose rates will be lowest for you. Be sure you're asking for the same exact coverage each time, so that your comparison is apples-to-apples.
  4. Consider discounts. Each insurer may offer different discounts that you’re eligible for. Make sure the quotes you receive take all possible discounts into account. 
  5. Review third-party ratings. Agencies such as J.D. Power and AM Best can help you determine how reliable an insurer has been in terms of customer satisfaction and claim payouts.
  6. Make a list of pros and cons. After gathering all your information, choose your insurer based on how well it fares in price, ratings, and any other factors that are important to you.

Common 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 you may see at Utah insurance companies.

Home insurance coverage options 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 own needs. Add-ons are an additional cost, but offer more robust protection, and can be worth considering. Here are some common endorsements found in Utah insurance policies:

  • Earthquake insurance: Because standard home insurance policies exclude coverage for earthquakes, Utah homeowners might consider electing for a separate earthquake insurance policy or endorsement to round out their insurance portfolio. Most major home insurance carriers offer this type of coverage, which protects your home and personal belongings in the event of an earthquake.
  • Flood insurance: If your home is located in a flood zone or near a body of water, having a flood insurance policy can be important. Most HO-3 and HO-5 home insurance policies do not include flood coverage, but flood policies are available from the National Flood Insurance Program (NFIP) and through some private insurers. According to the Insurance Information Institute, 90% of U.S. natural disasters involve flooding, which means that mostly Utah homeowners should at least consider flood insurance.
  • Water backup coverage: Water backup coverage is an endorsement sold by many home insurance companies. It provides coverage if your sewer line gets clogged or a sump pump fails, which causes water to back up into your home. Flood insurance does not cover water backup, and home insurance policies must have this endorsement if they want the coverage.
Insurance Home Alt
News that affects Utah homeowners

According to the Environmental Protection Agency (EPA), 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:

  • More common heat waves
  • Snow will melt earlier in spring, possibly causing flooding.
  • Wildfires will increase in frequency and intensity.

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 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 (NFIP) or your insurer.

Frequently asked questions

Written by
Mary Van Keuren
Contributor, Insurance

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by
Lisa McArdle
Editor, Insurance
Reviewed by
Mark Friedlander
Director of corporate communications, Insurance Information Institute