When you’re looking for the best car insurance in Utah, it’s important to compare insurance providers against each other.
Researching rates, reviews, financial strength, and coverage options from companies across the state can give you a good idea of which companies can best meet your needs by providing sufficient coverage for your vehicle and reliably processing your claims, all at a rate you can afford.
When determining the rate you pay, insurance companies consider several factors.
Among them are your age, gender, driving record, and the make and model of the vehicle you drive. Providers also look at several elements relating to your place of residence.
Once you understand the factors that affect your insurance premiums, you can better determine if the rates you’re quoted are fair.
To better understand the above statements, as well as help you find the best car insurance in Utah at the best possible price, we have put together the information below.
Average Cost Of Car Insurance In Utah
Understanding the average cost of car insurance for drivers in Utah is a good way to give yourself insight as to how fair your quotes really are.
When comparing the average cost of insurance in Utah with surrounding states, you can see that the state’s price is mid-range. While it’s much lower than the price in Nevada, Idaho’s average price is lower still. When compared with the countrywide average, Utah’s price is well below the $1,009.38 figure.
According to the National Association of Insurance Commissioners, the average price of insurance in Utah went up just over $60 between 2011 and 2015.
|Countrywide Average Cost of Car Insurance||$1,009.38|
|Average Cost of Car Insurance in Utah||$872.93|
|Average Cost of Car Insurance in Nevada||$1,103.05|
|Average Cost of Car Insurance in Colorado||$981.64|
|Average Cost of Car Insurance in Idaho||$679.89|
Elements Affecting The Cost Of Car Insurance In Utah
Aside from the obvious factors such as the make and model of your vehicle and your driving record, several other elements go into calculating your insurance rates:
The traffic density and fatal accident rates in Utah are important considerations for your insurance provider.
However, state averages don’t always accurately reflect the traffic density or accident rates in major metropolitan areas such as Salt Lake City and Provo. These statistics are higher in large cities and may be lower in rural areas.
According to the National Association of Insurance Commissioners 2017 report on traffic density, Utah’s traffic density is 597,023, which is quite a bit lower than the U.S. average of 724,348. Traffic density is the number of miles traveled by registered vehicles in the state against the miles of highway throughout the state.
The vehicle miles traveled per each registered vehicle in the state is 13,270, which is above the national average of 12,010. Fatal accidents in Utah occur at a rate of 0.12 per 1,000 vehicles, which is just below the countrywide average of 0.13 per 1,000 vehicles.
Choosing to live in a more rural part of Utah outside of metropolitan areas may help make insurance premiums less expensive.
Vehicle Theft Rates
According to the Insurance Information Institute, Utah doesn’t rank among the states with either the highest or the lowest number of auto thefts. The 2016 FBI records show an estimated 307.7 auto thefts occurred per 100,000 residents in Utah, which is quite a bit above the national average of 236 auto thefts per 100,000 residents.
The National Insurance Crime Bureau’s Hot Wheels Report indicates that the Honda Accord and Honda Civic are the two most frequently stolen vehicles in Utah. In 2016, a total of 1,000 Honda Accords and 932 Honda Civics were targets of theft. Other commonly stolen vehicles in Utah include Ford pickups, Chevrolet pickups, and the Toyota Camrys.
If you’re buying a new vehicle, choosing to shop for one that doesn’t rank on these lists may help keep your premiums affordable.
While population density doesn’t necessarily have a direct effect on your insurance premiums, it does usually mean there are more vehicles and therefore, more accidents and theft in areas where population density is high.
In Utah, the population density is 36 persons per square mile, which is very low compared with the countrywide average of 95 persons per square mile.
Disposable income is another factor with an indirect effect on insurance rates. In areas with higher average disposable income, residents tend to purchase more expensive vehicles.
These higher-priced automobiles increase the overall risk to insurance companies, which results in higher insurance premiums for the people who live in these areas.
According to the NAIC, Utah’s per capita disposable income per person in 2014 was $33,566. This amount is quite a bit lower than the national average of $40,859.
Companies With The Best Car Insurance In Utah
In Utah, the best way to get fair rates is by getting quotes from at least three insurance companies.
Once you have these quotes, you should take some time to research the overall reputation, offered coverages, and financial strength of each company you’re considering.
If possible, purchase your auto insurance from a reliable company with a good reputation, such as:
Progressive Car Insurance
Progressive serves more than 18 million drivers worldwide with easy-to-manage policies for home and auto. It keeps its premiums affordable by offering customers the Name Your Price Tool, which allows policyholders to build a policy with a rate that suits their budget.
QuoteWizard offers Americans discounted home, life, renters, health, and auto insurance policies by letting them compare companies and coverage options online.
Esurance boasts basic insurance policies for customers who don’t require a lot of fancy extras. It’s a member of the Allstate family, and it offers competitive premiums, accident forgiveness, and flexible payment options to its auto insurance customers.
Allstate is one of the largest and most well-known insurance companies in the world. It offers its customers a wide range of discounts and features on its auto insurance policies, including a Safe Driving Bonus every six months for drivers who remain accident-free.
MetLife is a large company that offers a broad scope of insurance and financial services for individuals and businesses. It maintains excellent customer service reviews and prides itself on a convenient claims process.
Travelers is the oldest insurance company in America and has been operating since the mid 19th century. It offers home and auto insurance with plenty of discount options, including student and senior discounts.
American Family, or AmFam, is known for offering its customers a wide range of convenient features, including 24/7 claims processing and roadside assistance.
What Is Mandatory for Car Insurance in Utah?
Throughout most states, including Utah, there are minimum auto insurance requirements. According to the Utah Insurance Department, all vehicles and drivers must have liability and no-fault insurance.
Certain limits are set out by the state government regarding how much coverage each driver or vehicle must have.
In Utah, these minimums are $3,000 per person for no-fault insurance and the following breakdowns for liability insurance:
Utah monitors the status of drivers’ car insurance electronically. Drivers must also present proof of insurance upon request by a police officer or at traffic stops. Consequences of not carrying valid proof of insurance include vehicle or license suspensions and hefty fines.
How to Reduce the Cost of Your Car Insurance in Utah
The only way to protect yourself from financial hardships due to expensive medical and repair bills is to carry valid car insurance.
While it seems expensive to insure your vehicle, that doesn’t always have to be the case. Based on the advice of the III, there are several ways you can try to lower your insurance rate:
Most of the top insurance companies offer discounts that are meant to reward policyholders for things such as good driving, safety features, and teen drivers who have good grades.
Once you’ve found the best car insurance in Utah, make sure to have the following information on hand while building your policy to make sure that you receive the best possible rate:
What Can Increase the Cost of Your Car Insurance in Utah?
Just as there are many ways to reduce the cost of your insurance premiums, there are several things that can increase the price of your insurance policy.
While some of these things, such as your age and your gender, are beyond your control, the effects of others can be reduced drastically by following these simple steps:
Overall Vehicle Value
The overall value of your vehicle plays a big role in determining your insurance rate.
Vehicles with higher values pose a greater risk for insurance companies, and this risk is passed along to policyholders in the form of higher rates. Choosing to purchase a less expensive vehicle may help keep the cost of your policy down.
If you choose to violate traffic laws, expect to pay a higher price to insure your vehicle.
Drivers who receive multiple traffic infractions or who are caught driving under the influence almost always pay more for insurance. Beyond that, there are more serious consequences for multiple infractions that include license suspensions or even jail time.
Obeying traffic laws and contesting traffic tickets whenever it’s warranted can help you avoid increases in your premiums.
Insurance companies often consider senior and teen drivers a high risk due to their inexperience or increased accident rates.
Any teen or senior drivers who are insured on your policy should complete a defensive driving course to help reduce your rates.
Using the information above, you should be able to easily answer the question, “How much is car insurance in Utah?” and feel comfortable researching and comparing quotes from top companies to find the best car insurance in Utah.*While we make every effort to keep our site updated, please be aware that "timely" information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.