Utah Homeowners Insurance Guide
Get affordable Utah homeowners insurance quote rates for free.
Call Now: (866) 845-5337
Utah Homeowners Insurance
Explore Utah Homeowners Insurance State Guides, Laws and Regulations before You Buy Insurance
The Beehive State is known for its natural wonders. The state is home to outdoor landscapes that you simply can’t find anywhere else in the world. As a result, Utah is an oasis for outdoor enthusiasts. Whether you simply enjoy scenic drives, or something a bit more adrenaline inducing like mountain biking, the Beehive State has an activity for you.
Utah is completely landlocked with a considerable discrepancy in elevation between regions. Thus, some areas can be completely sunny and warm while it could be snowing in others. A few of Utah’s attractions that epitomize the breadth of landscapes offered by the state, are ski resorts in Park City, and the Coral Pink Sand Dunes. You can ski and enjoy great food and relaxation at one place, then increase your heart rate through sandboarding and ATVing at the other.
This spectrum of terrain, coupled with the climate within the region make Utah susceptible to several natural disasters. The most common are floods and wildfires.
What Does Homeowners and Renters Insurance Cover, and How Much Does it Cost?
Although the Beehive State periodically suffers from floods and wildfires, they fortunately do not wreak much havoc. Thus, the financial impact on insurance carriers is often relatively modest. This reality is reflected in the homeowners and renters insurance rates property owners in Utah pay. The state enjoys the second lowest homeowners insurance premium, and tenth lowest renters insurance premium in the country.
Average Homeowners and Renters Insurance Premium
| State | Homeowners | Renters |
| Utah | $692 | $151 |
| USA | $1,211 | $180 |
Source: Insurance Information Institute (2017)
Property damage from fire, as well as other normal perils such as theft, vandalism, and a host of others, are covered in the standard homeowners insurance policy. Thus, wildfires are typically covered within the normal homeowners policy. However, flood is usually excluded. As a result, property owners in the Beehive State should augment their standard property policy, with a flood one from the National Flood Insurance Program (NFIP).
Which Property Insurance Carrier Should I Choose?
The homeowners insurance market in Utah is fairly competitive. No one carrier controls more than 17% of the market, and there’s good representation from both regional and national carriers. Given the market is quite competitive, its in each property owner’s best interest to compare several carriers and their respective packages when trying to find the right partner. Make sure to include regional carriers in your process as they may be able to provide coverage or service unique to your area.
Top 5 Home Insurance Carriers in Utah
| Company | Market Share |
| State Farm | 16.6% |
| Farmers Insurance Group | 11.3% |
| Allstate Corp. | 10.3% |
| Bear River Mutual Insurance Co. | 7.7% |
| Liberty Mutual | 6.9% |
Source: Insurance Information Institute (2019)
The Beehive State provides sights that can only be found within its state’s lines. This is what makes Utah truly unique. The sheer amount of natural and state parks found in Utah are a testament to its inherent beauty. Not only are property owners within the state afforded beautiful landscapes, but they also enjoy some of the lowest homeowners and renters insurance rates in the country.
Utah Regulating Agencies And References
