Utah is home to breathtaking mountain views and beautiful scenery, but the natural landscape also poses a threat of wildfires and earthquakes. Fortunately, Salt Lake City residents have plenty of affordable options for home insurance.
The average cost of homeowners insurance in Salt Lake City is $899 per year or $75 a month. This is almost equal to the statewide average of $894 per year, and about 49% lower than the national average of $1,754.
Compare the best cheap homeowners insurance companies in Salt Lake City
To find the best cheap homeowners insurance in Salt Lake City, Policygenius rated over a dozen of the largest insurance companies in Utah across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating |
|---|---|---|
$78 | 5.0 out of 5 | |
$82 | 4.8 out of 5 | |
$56 | 4.5 out of 5 | |
$68 | 4.5 out of 5 | |
$121 | 4.4 out of 5 |
2024 Policygenius award winner
Auto-Owners Insurance
5.0
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Why we chose it
Auto-Owners Insurance is the highest rated homeowners insurance company in our analysis thanks to its mix of extensive policy and coverage options, high marks for financial strength and customer experience ratings, and affordable premiums.
Pros and cons
Pros
Affordable rates
Several additional coverage options
Up to 12 available discounts
Cons
Only available in 26 states
Not able to get quotes or file claims online
More details
Why Auto-Owners Insurance is one of our top picks
Auto-Owners Insurance is our pick for best customer service, scoring at least a 4 out of 5 for price, customer experience, coverage options, and financial strength, which earned it a perfect 5 out of 5 Policygenius rating.
With up to 23 policy endorsements — such as guaranteed replacement cost, inland flood coverage, and a comprehensive Homeowners Plus endorsement package — Auto-Owners offers excellent value for the coverage you're getting that surpasses competitors.
And if you find your quoted premiums are higher than you'd prefer, you can take advantage of up to 12 Auto-Owners discounts to get your rates back down. To put that into context, the average number of discounts the companies we reviewed offer is only 7.
How much does Auto-Owners home insurance cost in Salt Lake City?
Auto-Owners homeowners insurance costs $931 per year in Salt Lake City.
In comparison, the average cost of a home insurance policy in Salt Lake City is $899 per year, according to sample quotes provided to us by Quadrant Information Services. This makes Auto-Owners Insurance slightly more expensive than average.
How to get a quote
To get a homeowners insurance quote, you'll have to call a local Auto-Owners Insurance agent.
2024 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
All 50 states
Why we chose it
State Farm home insurance scores a near-perfect 4.8 out of 5 thanks to its slew of coverage add-ons, high marks on J.D. Power’s customer satisfaction surveys, and strong financial stability ratings.
Pros and cons
Pros
Save up to $1,127 per year when you bundle your home and auto insurance
Excellent line-up of policy add-ons, including extended replacement cost coverage
Cons
No longer sells home insurance policies in California
20% more complaints filed with the NAIC than other companies of its size
More details
Why State Farm is one of our top picks
At a time when lots of competitors are no longer insuring homes in areas prone to wildfires or hurricanes, State Farm continues to offer its relatively affordable and highly rated home insurance to homeowners in every corner of the country.
And it doesn't skimp on coverage, offering flood, wildfire, and earthquake protection — one of few competitors that offers all three insurance policies to homeowners in high-risk states nationwide.
Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from A.M. Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.
How much does State Farm home insurance cost compared to the Salt Lake City average?
A State Farm home insurance policy in Salt Lake City costs an average of $984 per year.
In comparison, the average cost of home insurance in Salt Lake City is $899 per year, according to sample quotes provided to Policygenius from Quadrant Information Services. This is slightly higher than the city average, but significantly less than the national average of $1,754 per year.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2024 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Along with saving around 20% when you bundle your home and car insurance, Farmers also gives you access to its extensive suite of discounts, unique policy credits, and claim-free incentives that help put money back in your pocket.
Pros and cons
Pros
Above-average property claims satisfaction rating with J.D. Power
Extended and guaranteed replacement cost for your home
Shave $50 off your deductible each year you’re with Farmers
Cons
Below-average scores on J.D. Power’s digital experience survey
More details
Why Farmers is one of our top picks
Farmers home insurance stands out against competitors thanks to the slew of discount opportunities and policy perks available.
It offers 17 home insurance discounts — its competitors average just seven — and policy perks that aren't easy to come by, including:
Declining deductibles: Earn $50 toward your home deductible each year you have a home insurance policy with Farmers.
Claim forgiveness: Once you’ve gone five years without filing a claim, Farmers won’t raise your rate after that if you end up filing one.
Even more, depending on your state of residence, you can save up to 45% on your auto insurance and up to 34% on your home insurance when you bundle policies, according to farmers.
How much does Farmers home insurance cost in Salt Lake City?
The average Salt Lake City home insurance policy through Farmers is $821 per year.
In comparison, the average cost of home insurance in Salt Lake City is $899 per year, according to sample quotes provided to Policygenius from Quadrant Information Services. This is much less than the national average of $1,754 per year.
How to get a quote
Online through Farmers
2024 Policygenius award winner
American Family
4.5
Offers extended replacement cost
Offers flood insurance
Bundle home & auto
Why we chose it
American Family home insurance has industry-best coverage options, high customer service ratings, and several discounts to compliment its already affordable rates, making it a great option in the 19 states where it’s available.
Pros and cons
Pros
Affordable rates and 11 available discounts
Ranked #2 in J.D. Power’s 2022 U.S. Home Insurance Study
Diminishing deductible feature to lower out-of-pocket claim costs
Cons
Only available in 19 states
Offers online quotes, but requires talking to an agent to complete the process
More details
Why American Family is one of our top picks
When it comes to both the breadth and quality of home insurance policy options, there are few companies in the same league as American Family.
Choose from three comprehensive policy tiers with various levels of protection, or customize a policy to your liking with up to 15 additional coverage options, including inland flood, equipment breakdown, and service line coverage.
We especially like its rare diminishing deductible feature that takes $100 off your policy deductible each year you go without filing a claim — a perk few competitors offer.
While it only writes homeowners insurance in 19 states, American Family is the seventh largest home insurer in the United States — which indicates it’s a popular option in the places it operates.
How much does American Family home insurance cost compared to the Salt Lake City Average?
The average American Family home insurance policy in Salt Lake City is $670 per year, significantly less than the state average.
In comparison, the average cost of home insurance in Salt Lake City is $899 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.
How to get a quote
Online with American Family agent
2024 Policygenius award winner
Allstate
4.4
Bundle home & auto
Smart home discounts
All 50 states
Why we chose it
Whether you’re looking for bare-bones coverage on the cheap or a more comprehensive policy package with additional coverages and features like short-term rental coverage and deductible rewards, you’ll likely be able to find it with Allstate.
Pros and cons
Pros
High-quality and flexible policy options
Numerous discounts and features that help you save
Below-average customer complaints
Cons
No longer sells home insurance policies in California
Below-average digital experience rating with J.D. Power
More details
Why Allstate is one of our top picks
If you rent out your property through a short-term rental service like Airbnb and a guest destroys or steals your property, Allstate’s HostAdvantage will pay up to $10,000 per rental host period to replace or repair your property.
And the best part? This coverage can be added directly onto your home insurance policy for a small additional fee. To put this into context, only about one-third of the nearly 70 home insurance companies we reviewed even offer home-sharing coverage at all.
How much does Allstate home insurance cost compared to the Salt Lake City average?
The average cost of an Allstate home insurance policy in Salt Lake City is $1,456 per year.
In comparison, the average cost of home insurance in Salt Lake City is $899 per year, according to sample quotes provided to Policygenius from Quadrant Information Services.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
How much is homeowners insurance in Salt Lake City?
The average cost of home insurance in Salt Lake City is $899 per year, or $75 a month, for a policy with $300,000 in dwelling coverage. This is around 1% more expensive than the average annual cost of $894 for homeowners insurance in Utah, and about 49% lower than the national average.
Salt Lake City home insurance rates by ZIP code
Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Salt Lake City neighborhoods may be more prone to extreme weather damage or property crime than others.
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Salt Lake City.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
84129 | $883 | -1% |
84106 | $898 | 0% |
84116 | $886 | -1% |
84104 | $888 | -1% |
84105 | $911 | 2% |
84103 | $911 | 2% |
84108 | $943 | 5% |
84102 | $893 | 0% |
84111 | $894 | 0% |
84101 | $890 | 0% |
Cheapest ZIP codes for home insurance in Salt Lake City
With an average home insurance rate of $883 per year, the 84129 ZIP code is the most affordable area for home insurance in Salt Lake City.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
84129 | $883 | -1% |
84138 | $885 | -1% |
84116 | $886 | -1% |
84132 | $887 | -1% |
84104 | $888 | -1% |
84133 | $889 | -1% |
84101 | $890 | 0% |
84102 | $893 | 0% |
84111 | $894 | 0% |
Most expensive areas for homeowners insurance in Salt Lake City
With an average annual premium of $943, the 84108 ZIP code is the most expensive ZIP code in Salt Lake City for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
84108 | $943 | 5% |
84180 | $915 | 2% |
84103 | $911 | 2% |
84105 | $911 | 2% |
84113 | $902 | 1% |
84114 | $902 | 1% |
84112 | $900 | 1% |
84106 | $898 | 0% |
Learn more >> Home insurance rates by ZIP code
Salt Lake City home insurance costs by coverage amount
Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.
Here are the average rates for homeowners insurance based on coverage amount.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $491 |
$200,000 | $700 |
$300,000 | $899 |
$400,000 | $1,113 |
$500,000 | $1,380 |
Salt Lake City home insurance costs by deductible amount
Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.
Here are the average rates for homeowners coverage by deductible amount.
Deductible | Average annual cost |
|---|---|
$500 | $965 |
$1,000 | $832 |
$2,000 | $726 |
Cheapest homeowners insurance companies in Salt Lake City
Based on our analysis, Sentry, American Family, and Mutual of Enumclaw Insurance are the three cheapest home insurance companies in Salt Lake City, with average premiums citywide ranging from $637 to $683 per year.
Company | Average annual cost |
|---|---|
Sentry | $637 |
$670 | |
Mutual of Enumclaw Insurance | $683 |
$710 | |
$821 | |
$895 | |
$931 | |
$939 | |
$984 | |
$993 | |
$1,014 | |
$1,086 | |
$1,287 | |
$1,456 |
Cheapest home insurance in Salt Lake City if you have poor credit
A bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.
Here are the average rates for homeowners insurance for Salt Lake City residents with poor credit.
Company | Average annual cost |
|---|---|
Kemper | $1,036 |
Mutual of Enumclaw Insurance | $1,077 |
American Family | $1,178 |
Nationwide | $1,201 |
Sentry | $1,285 |
Acuity | $1,398 |
USAA | $1,577 |
Farm Bureau Insurance | $1,608 |
Farmers | $1,635 |
State Farm | $1,670 |
State Auto | $1,921 |
Foremost | $1,971 |
Allstate | $2,018 |
Auto-Owners Insurance | $8,902 |
Cheapest home insurance in Salt Lake City if you have an older home
Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.
Here are the average homeowners insurance rates for Salt Lake City residents with older homes.
Company | Average annual cost |
|---|---|
Sentry | $647 |
American Family | $676 |
Mutual of Enumclaw Insurance | $707 |
Farmers | $803 |
Nationwide | $812 |
Auto-Owners Insurance | $895 |
Acuity | $912 |
State Farm | $984 |
Kemper | $994 |
Farm Bureau Insurance | $1,015 |
State Auto | $1,073 |
USAA | $1,124 |
Foremost | $1,248 |
Allstate | $1,406 |
Cheapest homeowners insurance in Salt Lake City if you have a history of claims
Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.
Here's the cheapest home insurance companies in Salt Lake City for a homeowner with three claims within a five-year period on their record.
Company | Average annual cost |
|---|---|
Auto-Owners Insurance | $931 |
Mutual of Enumclaw Insurance | $957 |
Sentry | $1,061 |
Farmers | $1,085 |
State Farm | $1,122 |
American Family | $1,371 |
Nationwide | $1,546 |
USAA | $1,605 |
Acuity | $1,607 |
Farm Bureau Insurance | $1,662 |
State Auto | $2,093 |
Allstate | $2,379 |
Kemper | $2,487 |
Foremost | $3,706 |
How to get homeowners insurance quotes in Salt Lake City
Salt Lake City’s low insurance rates make purchasing an affordable policy easy no matter where you live. Even with low rates, however, you can still save money by understanding what you need in a policy and comparing options. Below are additional tips and suggestions when shopping for a home insurance policy:
Frequently asked questions
How can I lower the cost of homeowners insurance?
Always ask about discounts when shopping for home insurance. There are many ways to save, from paying your premium all at once to using paperless billing.
How does the cost of home insurance in Salt Lake City compare to the rest of the state?
Salt Lake City is right on par with the rest of Utah. The average rate in Salt Lake City is $945 per year, while the statewide average is $949 per year.
Will my home insurance cost more if I have a pool on my property?
Having a pool on your property often means higher home insurance premiums, but not always. Some companies don’t weigh this factor as heavily when calculating your rates. So if you have a pool, make sure to shop around and compare quotes from several providers.
Why should I use a Policygenius agent when shopping for home insurance?
Our agents at Policygenius are insurance experts. They can answer questions, compare quotes, and help you apply for your new policy.
