Cheap Car Insurance Companies In Utah

The average semiannual cost of car insurance in the state of Utah is $730.57. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Utah across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.

*Data Methodology – Updated 2/29/2024

The Utah car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in UT. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.

Utah Minimum Liability Coverage

Utah law mandates minimum liability insurance coverage amounts for all vehicles registered in the state. These minimum requirements are intended to ensure that drivers are able to cover reasonable costs in the event of an accident. The minimum liability insurance requirements in Utah are:

• Bodily Injury per Person: $25,000. This covers bodily injuries sustained by one person in an accident, up to a maximum of $25,000 per injured person.
• Bodily Injury per Accident: $65,000. This covers bodily injuries sustained by all persons in a single accident, up to a total maximum of $65,000.
• Property Damage per Accident: $15,000. This covers damage to the property of others in an accident, up to a maximum of $15,000 per accident.

These minimum liability insurance amounts have been established by the Utah Insurance Department and are required of all drivers in the state. Having only the state minimum coverage limits may not provide sufficient protection, so many drivers choose to purchase higher liability insurance limits based on their assets and needs.

Penalties for Driving Without Insurance in Utah

In the state of Utah, driving without insurance is illegal and considered a misdemeanor crime. Those who drive without insurance face penalties that become increasingly severe with each offense.

For a first offense of driving without insurance, a driver faces a fine between $650 and $1,000. The driver’s license will also be suspended for a period between 30 and 90 days, though a restricted license may be obtained after 30 days to drive to and from work.

A second offense within three years results in a fine between $1,000 and $2,000, up to six months in jail, and a license suspension of between one and two years. The court may grant a restricted license after 90 days.

For a third offense within three years, a driver faces a fine between $2,000 and $5,000, up to one year in jail, and a license suspension of two to five years. A restricted license is not available. The vehicle the driver was operating may also be impounded for up to 30 days.

In addition to these penalties, those driving without insurance may be held liable for any damages resulting from an accident they cause. This can amount to thousands or even tens of thousands of dollars in medical bills, vehicle repairs, lost income, and other expenses. Driving without insurance significantly increases financial risk in the event of an accident.

For these reasons, it is important for all drivers in Utah to maintain valid automobile insurance coverage. This ensures compliance with state law and protects drivers from potentially devastating financial losses in the event of an accident.

Auto Insurance Rates in Utah

Auto insurance rates in Utah tend to be among the lowest in the nation, primarily due to the state’s unique no-fault insurance laws. Under Utah’s no-fault system, drivers are required to carry personal injury protection (PIP) coverage to pay for their own injuries regardless of fault in an accident.

This system eliminates the need for many legal claims and lawsuits after accidents, keeping insurance costs down. The state also has laws designed to limit fraud and abuse of the insurance system. For example, health providers are prohibited from charging auto insurance companies more than 110% of the Medicare reimbursement rate for similar services.

Utah drivers also benefit from relatively low rates of accidents, injuries, and fatalities compared to other states. This is likely due to a combination of factors, including Utah’s low population density, good road conditions, and low rates of drunk and distracted driving.

Premium costs for auto insurance in Utah vary based on your driving history, vehicle type, credit score, age, and other factors. But on average, Utah residents pay between $650 and $900 annually for full coverage auto insurance, well below the national average of over $1,000.

Low Cost Car Insurance Programs and Discounts in Utah

Car insurance rates in Utah are generally lower than the national average, but there are still ways for drivers to save even more money. Several low-cost insurance programs and discounts are available from Utah insurance providers.

Some insurance companies offer preferred driver programs that reward safe drivers with lower premiums. To qualify, drivers typically need to maintain a clean driving record with no accidents or violations for several years. These programs can save preferred drivers 15% to 25% on their car insurance.

Many insurance companies also offer good student discounts for students with a B average or higher. Students under age 25 who meet the GPA requirement can typically save 5% to 20% on their car insurance premiums.

Utah insurers also commonly offer discounts for drivers age 50 and older. Senior discounts typically range from 5% to 15% and are designed to recognize the lower risk level of more experienced drivers.

Bundling insurance policies can also reduce costs. Combining auto and homeowners insurance with the same provider often results in multi-policy discounts of 5% to 10%. Bundling life insurance or other policies may provide even larger discounts.

Finally, increasing deductibles is a straightforward way to lower premiums, though it requires customers to pay more out of pocket for claims. Doubling a policy’s collision or comprehensive deductible from $500 to $1,000, for example, can reduce premiums by 10% to 15%.

Utah Car Insurance Statistics

Utah has some of the lowest car insurance rates in the nation. According to the Insurance Information Institute, Utah drivers pay an average of $687 annually for car insurance, roughly 30% below the national average of $1,004. Several factors contribute to these lower premiums.

First, Utah has a low rate of uninsured motorists at just 6.9%, compared to the national average of 12.6%. When more drivers carry insurance, it helps keep costs down for everyone. Utah also has a low frequency of claims filed. Data from the National Highway Traffic Safety Administration shows that Utah had one of the lowest auto accident fatality rates in the country in 2019 at 7.2 deaths per 100,000 people.

Another factor is Utah’s low rates of theft. According to the FBI, Utah had the third lowest motor vehicle theft rate in the U.S. in 2019. With fewer accidents and thefts, insurance companies pay out fewer claims, allowing them to keep premiums lower.

Utah also has a young population, with a median age of just 30.7 years. Younger drivers typically have lower insurance rates since they tend to drive less miles and file fewer claims. Additionally, Utah is known for its low crime rates and safe communities, which can positively impact insurance costs.

The 10 Largest Utah Car Insurance Companies

Utah drivers have many options when shopping for car insurance. The following are among the largest insurance providers in the Utah market based on the number of insured vehicles:

1. State Farm: As the largest auto insurer in the U.S, State Farm insures more Utah drivers than any other company. State Farm is known for providing a wide range of coverage options and multi-vehicle discounts.
2. Farmers Insurance: Farmers is another national insurance company with a strong presence in Utah. They offer competitive rates and many discounts for things like good grades, bundling policies, and driving experience.
3. GEICO: GEICO has grown rapidly in Utah in recent years. They are known for offering some of the lowest rates in the state, though their coverage options tend to be more limited compared to some competitors.
4. Allstate: Allstate has a large network of agents throughout Utah. They provide a standard range of coverages and are known for their good customer service.
5. Liberty Mutual: Liberty Mutual has a large network of independent agents in Utah. They offer a wide variety of coverage options and many different discounts.
6. Progressive: Progressive has grown quickly in Utah by focusing on online quoting and purchasing. They offer simplified coverage options at competitive rates.
7. USAA: Though USAA is exclusive to military members, veterans, and their families, they insure a significant number of Utah drivers. They are known for providing exceptional customer service.
8. AAA Insurance: AAA Insurance primarily serves AAA members but also insures many non-members in Utah. They offer standard coverage options and a variety of discounts.
9. Auto-Owners Insurance: Auto-Owners Insurance is a smaller national carrier with a large presence in Utah. They focus on providing personalized service and coverage tailored to each customer’s needs.
10. American Family Insurance: American Family Insurance mainly operates in the Midwest but also insures many Utah drivers. They are known for providing long-term stability for customers.