Salt Lake Homeowners Insurance

What Your Salt Lake Home Insurance Policy Needs

The right home insurance is a policy that's been customized for your needs.

The Salt Lake City metropolitan area is the most densely populated area in Utah. Median home values in this city hover around $250,000. If you are one of the many Utah residents who own a home in this capital city, you will want to be sure to protect your investment with a suitable Salt Lake City home insurance policy. When you are shopping for affordable coverage, you can enlist the help of an independent insurance agent in our network. These agents are able to acquire Salt Lake City homeowners insurance quotes from a variety of reputable providers so that you can compare rates easily and find the best policy to meet your coverage needs.

Cost of Homeowners Insurance in Utah

  • National yearly premium average: $1,034
  • Utah yearly premium average: $580
  • 49th most expensive premium in the U.S.

Homeowners in Utah pay some of the lowest rates in the country for coverage. However, if you own a primary or vacation home in this major metropolitan area, where property crimes are more abundant, you can expect your Salt Lake City home insurance policy cost to exceed the state’s average. There are a number of factors that Salt Lake City homeowners insurance companies use to calculate rates, including the following:

  • Where your house is located: your ZIP code
  • The value of your home
  • Whether the house is your primary residence or a second home
  • The amount of property coverage you wish to purchase
  • The amount of your deductible

Different insurance companies have different ways of calculating risk, so it is a good idea to compare at least three Salt Lake City homeowners insurance quotes before making a choice.

Number of Thefts in Utah

  • National number of burglaries: 37,814
  • Utah number of burglaries: 13,333

While Utah has a lower-than-average rate of burglaries when compared with the rest of the nation, burglary rates in the state’s capital are higher. It is therefore important that you secure your home and belongings. Homeowners who include theft deterrents such as burglar alarm systems and deadbolt locks in their homes may be awarded with discounts on their Salt Lake City homeowners insurance policies. Not all thefts are preventable, however. Fortunately, your home insurance provides you with compensation for losses related to property crimes, though some of your more valuable belongings may require special endorsements to be covered. An agent can help you ensure that you have the proper content coverage.

Number of Catastrophes in Utah

  • Number of catastrophes in Utah: 106
  • Number of tornadoes in Utah: 3
  • Amount of property damage in Utah: $7,090,000
  • 1 in 15 insured homes has a claim each year, nationally

Utah has a lower than average rate of natural disasters that can damage homes. That is one of the reasons that prices for policies in this state are so inexpensive relative to the rest of the country. However, disasters do happen, and if a weather event results in damage to your home, you will want to be sure that your Salt Lake City homeowners insurance policy is backed by a reputable insurer. Be aware that some disasters, floods in particular, are not covered by home insurance policies. An agent can help you supplement your coverage with appropriate coverage, such as flood insurance, through the NFIP (National Flood Insurance Program).

What Are the Risks in Salt Lake City?

Salt Lake City is a beautiful and vibrant city, but as with most major metropolitan areas, it faces its share of crimes. Depending on where within the city limits your house is located, you may be at increased risk for property crimes. According to City Data, this city ranks 50th on the list of the Top 100 Least Safe Cities in the United States. Salt Lake City home insurance covers damage caused by vandalism, property theft and property damage as in the case where a burglar breaks a window to gain access to your home. When you have an agent handling your insurance needs, you also have a resource who can provide guidance if you need to file a claim because of a burglary or other problem.

Compare Salt Lake City Home Insurance Quotes

The only way you can be certain that you are getting your Salt Lake City homeowners insurance policy at a reasonable rate is by comparing costs and offerings from at least three different insurance companies. Of course, this can be a time-consuming and frustrating chore. That is why so many homeowners turn to independent insurance agents in our network for help. These agents do the legwork for you so you can quickly and easily compare rates for Salt Lake City home insurance policies that have been customized to meet your coverage needs. With offices conveniently located throughout the Salt Lake City area, it is easy to find an agent near you to learn more.

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