Who Has the Cheapest Renters Insurance Quotes in Utah?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

One of the best states to live in with opportunities for everyone, Utah is a state bursting with growth and development, with many new families or people striking out on their own moving into apartments. Yet no matter where you live, disaster can strike, and you should make sure you’re prepared for it. In addition to the usual safety measures, we recommend you get renters insurance to cover you in case there are events outside of your control. We even found the cheapest companies in the state to show you that it’s affordable.

Here are the five cheapest renters insurance providers operating in Utah:

The Five Cheapest Quotes:

Utah is a big place, with different types of communities, environments, and potential risks. Insurance companies will take this into account when providing a quote, so we ask that you remember the following information is based on averages and general impressions.

The number listed next to each provider is the average annual rate for a standard policy.

1) State Farm: $131

A company that will be the cheapest option for most people, as is the case across the country, State Farm can easily provide Utah residents with a renters insurance policy that covers the main bases and fulfills requirements. If that’s all you’re looking for, you probably don’t need to look much further.

Water damage and flooding coverages are poor, however, if they are available at all. If these are concerns, move on to Allstate or another company. Furthermore, many people complain about the customer service, so you shouldn’t expect them to move mountains.

You can expect the following working with State Farm:

  • An excellent loss-of-use plan in the event the worst happens to your apartment or emergency renovations are required.
  • The ability to use bundles and a few other potential discounts to lower your annual rate.
  • A limited ability to customize your coverage levels.

2) Allstate: $156 

Another well-known company that can give you a policy that will work for most problems in Utah for an affordable price, Allstate is a bit more specialized but still a company you can consider completely stable. Furthermore, they’re easier to work with online, so people who like to handle things via computer might find Allstate a bit of a better fit.

Yet like State Farm, they have customer service issues, and you also won’t find as many customization options with them. You’ll have to decide whether these problems bother you or are worth the lower price.

You can expect the following working with Allstate:

  • Excellent bundling options, especially for people also looking for car insurance.
  • Extremely competitive optional water damage and flooding coverages, things sometimes hard to come by with a renters insurance plan.
  • Superior online tools and services that make navigating insurance processes much easier.

3) Farmers: $157

Just a dollar more expensive on average than Allstate, Farmers will offer most people a lot more when it comes to both customization options as well as customer service, making them the best option in Utah for many renters. With them, you’ll be able to modify your deductible, work with an extremely friendly and helpful team, and get a plan that removes wasteful coverage you’ll never use.

There is a problem with Farmers in that they sometimes can get caught up in bureaucratic slowdown. You should also know that certain levels of default coverage could be higher, which means you’ll want to read the fine print and make adjustments before signing.

You can expect the following working with Farmers:

  • Discounts that are available for people such as teachers, police officers, doctors, and firefighters.
  • Customization of your policy based on your perceived level of risk.
  • Optional identity theft protection, pet damage protection, improved liability coverage, and personal article floaters.

4) Nationwide: $200

Another insurance provider that usually a bit more expensive but also provides a series of great customization options to its customers, Nationwide is for the customer who knows exactly what they need and want the tools to pick it out for themselves. With features such as protection that extends beyond your immediate apartment as well, they are a step above the common provider.

What you will need to be careful about are some of their default coverages, which will not be enough for some people. Furthermore, certain areas or neighborhoods might experience a rate spike, so keep an eye on your quote.

You can expect the following working with Nationwide:

  • Optional coverages such as theft extension, earthquake protection, water and sewage backup coverage, and additional valuables coverage.
  • The ability to modify your deductible and your level of coverage for different groups of items, giving you the power to affect your policy and your annual rate.
  • A free and optional annual assessment of your policy that will help you make sure you are getting a plan that meets your current needs.

5) Liberty Mutual: $203

The most expensive on average by just a small margin, Liberty Mutual is a bit more of a premium option for most customers, but with it comes the peace of mind that having a plan with no holes or weaknesses grants you. Combine this with some great online options and service that will satisfy most people, and Liberty Mutual can be worth the extra $50 a year for many.

Yet as with any company we ask that you don’t go in blindly signing policies. While their renters coverage is extremely competitive, we (and many others) wouldn’t ascribe that moniker to all their policy offerings.

You can expect the following working with Liberty Mutual:

  • The possibility of getting a notable discount on your policy via one of Liberty Mutual’s partnerships with popular organizations.
  • An all-encompassing range of coverages that should let you be confident no matter what possessions you own or circumstance you might encounter.
  • Optional coverages for customers. Choices include identity theft, electronics, jewelry, high-value items, and water damage coverage.

Conclusion

We understand that is can be a chore to get renters insurance, but we assure you that in the long run, it’s a worthwhile investment of your time and money, especially given how inexpensive it is in Utah. What you’ll need to do next is create a shortlist regarding what kind of options and coverages you need most, and work from there. Then get quotes from the companies listed above that you think would be the best fit, and don’t be afraid to go back and forth. With a bit of effort, we’re certain you will be able to get a policy that’s perfect for you and your apartment.