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Affordable Home Insurance in Utah

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What drives home insurance rates in Utah

Average homeowners premium, 2023

$1,107

The average homeowners policy in Utah cost $1,107 for a year of coverage in 2023, against $1,737 nationally.

Claims paid per premium dollar, 2023

76.5¢

Home insurers in Utah paid 76.5 cents in claims for every premium dollar in 2023; the median state was 64 cents.

Severe weather events, 2024

84

NOAA logged 2 tornado, 30 large-hail and 52 flash-flood event reports in Utah in 2024, counted per county or zone. Wind and hail claims fall on the homeowners policy; flood needs its own.

Natural-hazard loss rank

#31

FEMA ranks Utah #31 of 51 for expected annual loss from natural hazards; earthquake accounts for 56% of that loss, and earthquake damage needs a separate endorsement or policy.

  • Average homeowners premium, 2023: NAIC Homeowners Insurance Report, 2023 data
  • Claims paid per premium dollar, 2023: NAIC Profitability by Line by State, 2023
  • Severe weather events, 2024: NOAA Storm Events Database, 2024
  • Natural-hazard loss rank: FEMA National Risk Index

Largest home insurers in Utah

The ten insurer groups that wrote the most home premium in Utah in 2025, with their share of the state total of $1.4 billion.

#Insurer groupMarket sharePremiums written
1State Farm Group16.67%$234 million
2Farmers Insurance Group9.89%$139 million
3Allstate Insurance Group9.88%$139 million
4Liberty Mutual Group8.9%$125 million
5American Family Insurance Group7.85%$110 million
6United Services Automobile Association Group6.88%$97 million
7Bear River Mutual Insurance Co.6.52%$92 million
8Auto Owners Group5.62%$79 million
9Travelers Group5.01%$70 million
10Progressive Group3.21%$45 million

Source: NAIC Market Share Reports, 2025 data, direct premiums written by insurer group. GEICO writes inside Berkshire Hathaway Group. Ranking is market commentary; it says nothing about which carriers a quote comparison includes.

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