Utah is famous for a number of things, including great skiing, beautiful mountains, low crime rates, and consistent rankings as one of the healthiest states in the country. With that in mind, it's no wonder Utah is currently the fastest growing state in the country.
However, a surge in population also means increased risk, as it usually results in things like more cars on the road and higher crime rates. You can still keep your Utah insurance rates low by familiarizing yourself with Utah insurance laws and minimum coverage amounts.
Utah Auto Insurance
Recently ranked the #2 safest state for driving, Utah residents pay an average of just under $500 a year, which is well below national average of $804. As a no-fault state, Utah has different requirements than most states, which operate under a tort system. When determining what types of insurance to get, it's important to know the available options:
- Bodily injury liability. In Utah, minimums are $25,000 per person and $65,000 per accident.
- Property damage liability. You will need at least $15,000 in Utah.
- Uninsured/Underinsured motorist. Not required, but still smart—this protects you if you are hit by an uninsured driver.
- PIP (Personal Injury Protection). This is required in no-fault states and the Utah minimum is $3,000.
- Collision. This is optional and covers repair costs to your own vehicle.
- Comprehensive. Also optional, this covers non-accident related expenses to your car.
Most people opt for higher amounts when getting coverage, as the minimum amounts can be used up quickly in a serious accident.
Utah Homeowner Insurance
Utah residents have the fortune of paying some of the lowest rates in the country when it comes to homeowner insurance—around $494 a year compared to the national average of just over $800. This is due in part to a low incidence of natural disasters and some of the lowest crime rates in the country, despite a relatively high cost of living.
A few things Utah residents will want to keep in mind when insuring their homes include:
- Flood insurance. While not typically prone to flooding, Utah is a mountainous state that receives a great deal of snow each year; in the spring when it begins to melt, this can lead to flooding in some areas. If you live in an area where this is a threat, it's a good idea to look into flood insurance. This type of insurance is sold separately, so make sure you include it when determining your rates.
- Landslide coverage. Some people opt to have their homes built on the edge of a hill or mountain. While this offers breathtaking views, it also poses a high risk for landslides, particularly if the ground thaws or the home site was not adequately prepared. If this applies to you, it's a good idea to see what coverage options are available in your area.
Saving on Utah Insurance Rates
Most people want to save money on their insurance, and the best way to do this is by shopping around and comparing rates. Localinsurance.com is an excellent source for all things related to insurance. Here, you can research state laws and requirements, get basic insurance information, and compare Utah insurance rates for your area.
