Utah Homeowners Pay Some of the Lowest Insurance Costs In The Country

Utah homeowners enjoy some of the lowest home insurance costs in the country, even as premiums climb in climate-vulnerable states.

While Gulf Coast and Western states face steep affordability challenges, new data from the U.S. Census Bureau and the 2025 Climate Risk Report show that Utah remains a comparatively affordable place for homeowners coverage.

Utah’s Insurance Costs Stay Affordable

According to the American Community Survey (ACS) data from the U.S. Census Bureau, Utah homeowners with a mortgage typically pay $1,000–$1,499 annually for homeowners insurance, while those without a mortgage average just $800–$999. Overall statewide costs also fall into the $800–$999 range.

Utah has 824,019 insured homeowner households in total—560,729 with a mortgage and 263,290 without. Among mortgaged owners, 53,367 pay less than $100 annually and 19,918 pay $4,000 or more. Among those without a mortgage, 40,041 pay less than $100 and 10,197 pay $4,000 or more.

Compared with nearby states, Utah is one of the most affordable. Nevada homeowners with a mortgage also average $1,000–$1,499, with non-mortgaged owners paying slightly less at $800–$999. Idaho trends similarly, with mortgage holders paying $1,000–$1,499 and non-mortgaged households averaging $800–$999. Colorado is much more expensive, with mortgaged owners typically paying $2,000–$2,499. Arizona also averages $1,000–$1,499, aligning with Utah’s affordability levels. This makes Utah one of the lowest-cost insurance states in the Mountain West.

Climate Risks Across the Region

The Climate Risk Report highlights how climate exposure has fueled higher premiums in other markets. Miami homeowners pay the most in the nation, with average annual premiums of $22,718, or 3.7% of median home value. Other Florida metros such as Cape Coral, Sarasota, and Tampa also rank among the most expensive.

Utah does not appear in the report’s list of metros with the steepest insurance burdens, nor is it identified for extreme flood or hurricane exposure. However, wildfire is a growing concern. Nationally, 5.6% of homes—worth $3.2 trillion—are at severe or extreme wildfire risk, concentrated largely in the West.

Utah’s dry climate and forested mountain areas expose many communities to this risk, though statewide averages remain low compared with California or Colorado.

A National Affordability Challenge

Even with Utah’s affordability, insurance remains a growing national concern. The Realtor.com 2025 Insurance Affordability Report found that 75% of Americans believe homeowners insurance could soon become unaffordable, while nearly half of respondents said they had already faced difficulties obtaining or renewing coverage.

These challenges are already shaping buyer decisions. Nearly 30% of homebuyers said they had completely changed the areas they were searching because of insurance concerns, while another quarter said they had overhauled their strategies altogether. A recent migration analysis shows that some buyers are relocating to markets with the lowest home insurance premiums, shifting demand across the country.

Even more concerning, 58% of homeowners nationwide said they would consider dropping insurance altogether if premiums rose too high, with younger homeowners especially likely to take that risk.

Utah’s Outlook

For Utah households, premiums remain among the lowest in the country, offering a strong affordability advantage. Still, with wildfire and drought risk increasing across the West, residents may want to use a home insurance comparison tool to evaluate coverage options. While Utah currently enjoys relatively low homeowners insurance costs, affordability pressures could grow in the years ahead.

This article was produced with editorial input from Dina Sartore-Bodo, Gabriella Iannetta, and Allaire Conte.