Utah Homeowners Insurance

Fran
Fran Majidi
November 7, 2020

Homeowners Insurance in Utah: Complete Consumer Guide

Do you live in Utah or plan to buy a home here? Let’s share some fun facts. Utah is known for its strong Mormon roots, because Mormon pioneers settled in the state as far back as 1847. It wasn’t until 1896, however, that the state was recognized as a state. The first transcontinental railroad was completed at Promontory. The Levan in Utah is the middle, so when you spell it backwards it’s “navel.” The famous Mormon Temple in Salt Lake City took 40 years to complete. The largest natural-rock sculpture in the country, the Rainbow Bridge, is an abstract sculpture that spans 278 feet wide and 309 feet high. It is carved of solid sandstone. The average snowfall in the mountains near Salt Lake City is 500 inches, so if you live there, it’s best to have flood insurance. The snow inland is particularly dry which is why it’s known for its ski resorts. The mountains here are the tallest in the country. The state symbol is the beehive, which symbolizes thrift and industry. The name Utah comes from the Native American Ute tribe and means people of the mountains. The federal government owns 65% of Utah.

Types of policy for Homeowners Insurance in Utah

Different homes need different homeowners insurance policies. Here are the most common types.

HO-1. This “basic form” covers the 10 most common perils. Some insurers do not offer HO-1 forms.

HO-2. This “broad form” provides limited coverage, but more than the HO-1 basic form.

HO-3. This is the most commonly purchased type of home insurance. It offers coverage for named perils and personal property. Your insurer will pay to repair or replace belongings caused by covered perils, 16 of which are covered by this type of policy, including fire and smoke; lightning strikes; windstorm and hail; explosions; vandalism and malicious mischief; damage from an aircraft, car or vehicle; theft; falling objects; the weight of ice, snow or sleet; and water damage.

HO-6. This is for condominium units. This is usually “walls-in” coverage and may protect the unit’s walls, floors and ceilings against 16 perils. It also includes coverage for the condo owner’s belongings.

HO-8. This form is for older homes and covers 10 perils. It is paid on an actual cash value basis, so it’s the cost of the items minus depreciation.

What factors affect rates on homeowners insurance in Utah?

Utah can have severe snowstorms, heavy winds, even avalanches. There are sometimes floods from melting snow. There are other factors that affect your rate, including your zip code, house size, credit score, claims history and neighborhood safety or crime rate.

Top 5 disasters in the State of Utah

Utah federally declared Fire as the most common disaster with 30 counts since 1953, followed by Flood, Biological, Severe Storms and Coastal Storm disasters. Fire or Lightning disaster is one of 16 perils covered in most standard homeowners policies. Here are the top 5 federally declared disasters in the state of Utah:

Rank Declaration Title Disaster Number

1

Fire

30

2

Flood

9

3

Biological

2

4

Severe Storms

2

5

Coastal Storm

1

Source: Federal Emergency Management Agency (FEMA)

How much is homeowners insurance in Utah?

The average cost of homeowners insurance in Utah was $1,025.

Source: The average cost of homeowners insurance by state, Business Insider.

Crime Rate: Is Utah a safe state?

2019 Crime in Utah Crime Number Crime Rate*

Property Crime

69,546

2,169.3

Burglary

8,871

276.7

Larceny-Theft

53,937

1,682.4

*Rate per 100,000 inhabitants

Safest Cities in Utah by Property Crime*

  • Mapleton, UT has a population of 10,463 with a Property Crime rate of 3.9 per 1k. The city average home value is approximately $510,932.
  • Santaquin/Genola, UT has a population of 14,288 with a Property Crime rate of 5 per 1k. The average home value there is about $493,066.
  • Syracuse, UT came in third as the safest city in the state of Utah and has a population of 31,230 with a Property Crime rate of 6.3 per 1k. Its home value averaged at about $414,938.
  • Pleasant View, UT has a population of 11,137 with a Property Crime rate of 7.6 per 1k. Its average home value is $470,288.
  • Saratoga Springs, UT has a population of 33,647 with a Property Crime rate of 7.7 per 1k. The city home value averaged $409,240.

*Based on FBI Uniform Crime Reporting 2019, some cities have been eliminated because of changes in the state/local agency's reporting practices and cities with populations under 10,000. Zillow’s State/Cities average home value for a single family home or a condo as of Sept. 2020.

Compare Home Insurance Rates in Utah

Top homeowners insurance companies in Utah

American Family got a 3/5 from J.D. Power and an A from A.M Best for financial strength.

Auto-Owners got 4/5 from J.D. Power for customer satisfaction and an A++ from A.M. Best for financial strength.

Nationwide got 2/5 from J.D. Power for customer satisfaction and an A+ from A.M. Best for financial strength.

Utah Home Insurance FAQs

What does Utah home insurance cover?

The types of coverage you choose determine your coverage, so make sure you get the type of home insurance that lists all the perils you want protection from. Note that flood and earthquake insurance are both sold separately. Neither of these will be covered with a standard home insurance policy.

Does esurance offer home insurance in Utah?

Yes esurance, which is offered through Allstate, is sold in Utah.

What is the best auto & home insurance in Utah?

With American National if you pay the state average for homeowners insurance, along with the state average for auto insurance, American National may refund you some money every year after three years of being a customer. But it’s always a good idea to compare quotes because different insurers offer different incentives and will rate you differently.

Get a Free Home Insurance Quote Online Now.

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