Monroe Insurance Rates:

Monroe, UT home insurance is approximately $408 to $556, about $34-$46/month. Our all inclusive research shows customers can save as much as $192 by comparing multiple quotes

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Monroe Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $50/1 month for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $150,000

5 Beds, 5 Bath 2040 sqft Seasonal Residence Constructed In 2006 with Wood Flooring, Composition Roof, Slab Foundation, Stone Siding, Wood Frame. Home Features Include Central Air Conditioning, Fire Extinguisher, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Married Male who is a Freelancer with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $860/10 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $310,000

5 Beds, 5 Baths 3910 sqft Vacation Property Constructed In 2010 with Wood Flooring, Tile Roof, Crawl Space Foundation, Stucco siding, Brick Frame. Home Features Include Fireplace, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

36 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $160/5 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $145,000

3 Beds, 3 Baths 1840 sqft Seasonal Residence Constructed In 1988 with Ceramic Tile Flooring, Shingles Roof, Piers Foundation, Stone Siding, Brick Frame. Home Features Include Fire Extinguisher, Smoke Alarm, Swimming Pool, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

55 Years old Single Male who is Unemployed with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $120/2 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $330,000

5 Beds, 5 Baths 4260 sqft Rental Property Constructed In 1946 with Stone Flooring, Slate Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

64 Years old Single Male who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $110/8 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $115,000

3 Beds, 3 Baths 1510 sqft Seasonal Residence Constructed In 1983 with Ceramic Tile Flooring, Shingles Roof, Slab Foundation, Stone Siding, Stucco Construction. Home Features Include Fire Extinguisher, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

25 Years old Married Female who has a Full Time Job with household income of $50-$75,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $120/3 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $380,000

5 Beds, 5 Baths 3740 sqft Primary Residence Constructed In 1987 with Linoleum, Metal Roof, Slab Foundation, Stucco siding, Brick Frame. Home Features Include Deadbolt Locks, Fire Extinguisher, Fireplace, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

71 Years old Single Female who is a Freelancer with household income of $50-$75,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $600/6 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $450,000

5 Beds, 5 Bath 4270 sqft Primary Residence Constructed In 2004 with Linoleum, Wood Shake Roof, Chainwall Foundation, Stucco siding, Wood Frame. Home Features Include Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

34 Years old Divorced Female who is a Freelancer with household income of more than $150,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $340/12 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $195,000

3 Beds, 3 Baths 2320 sqft Seasonal Residence Constructed In 2011 with Carpet Flooring, Wood Shake Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Swimming Pool, Copper Water Pipes, Smoke Alarm, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

56 Years old Single Male who is a Freelancer with household income of $75-$100,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $80/1 month for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $245,000

4 Beds, 4 Bath 2770 sqft Seasonal Residence Constructed In 1985 with Linoleum, Metal Roof, Crawl Space Foundation, Wood siding, Wood Frame. Home Features Include Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

42 Years old Single Female who is a Freelancer with household income of $100-$150,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $130/3 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $170,000

3 Beds, 3 Baths 1950 sqft Primary Residence Constructed In 1941 with Stone Flooring, Membrane Roof, Crawl Space Foundation, Brick siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Copper Water Pipes, Smoke Alarm, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

49 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Monroe Rates & Quotes Analysis:

Monroe Area Estimated House Insurance
S Kimberly Rd, N Brooklyn Rd, Joseph Mountain Rd, N 200 West St, E 1320 S, N Torrey Ln, E 1100 N, Brooklyn Rd, N Shadow Mtn Dr, E 500 N$483
S 570 W, S State St, N 410 W, N 1950 W, W 270 N, S Dairy Rd, W Shelton Rd, E 1360 S, E 1200 S, W 2050 N$483
E 1150 S, N 300 W, W 70 N, S Mountain View Ln, N Washburnville Rd, 1220 S, W 2200 N, N 430 E, Meadowlark Ln, S Shelton Rd$480
S 1200 W, W 2100 N, W 600 S, E 500 S, W Sierra Vista Dr, E 520 S, 500 W, E 600 S, W 1000 N, N 600 W$483
S Ross Ln, E Main St, 2780 N, 200 W, N 1200 W, W Vaca Ln, 900 S, River Rd, E 2200 N, 3000 N$482

Insurance rates are influenced by a number of factors including:

  • Year Built: 509 Homes (23% of total homes ) built between 1939 or earlier in Monroe are paying home insurance between $1,029-$1,036. Places close to Monroe, UT such as Central Valley, Annabella, Junction are more expensive by $32, $14, $12 respectively while Koosharem and Redmond are cheaper by $30 and $15 respectively for similar homes.
  • Bedrooms: 915 3 bedrooms homes (42% of total homes ) in Monroe are paying about $304. Areas near to Monroe such as Central Valley, Annabella, Junction are costlier by $10, $4, $3 respectively whereas Koosharem and Redmond are more economical by $3, $4 respectively for similar homes.
  • Auto Insurance Bundling: 502 Households (31% of all households) in Monroe have 2 vehicles available and when it is bundled with home insurance you can save $96. Discounts for similar bundling in close by locations such as Joseph, Elsinore, Central Valley come to $95, $95, $99 respectively.
  • Senior Discounts: 759 seniors (more than 55 years) occupied housing units (47% of total) in Monroe get discounts between $72 to $74. The comparative concessions in proximate regions such as Joseph, Central Valley and Marysvale are $71, $74 and $72 respectively.
  • New Homes discounts: New homes such as the 749 homes built between 2000 to 2009 in Monroe can save $96 and similar new home insurance discounts in nearby towns and cities like Joseph, Elsinore and Central Valley are $95, $95 and $99 respectively.

Monroe Homeowners insurance Facts

  • Monroe, UT has 1,583 owner occupied houses which is 86.3% of all units whereas Joseph, Elsinore and Central Valley have 86.61%, 77.78% and 89.53% respectively.
  • Monroe, UT homeowners yearly insurance price at $482 is 0.33% of the typical house value of $147,000 which is in contrast with 0.36% in Joseph, 0.37% at Elsinore & 0.23% in Central Valley.
  • Homeowners in Monroe, UT pay 1.29% of their income ($35,000 to $39,999) in insurance whereas homeowners in Elsinore, Central Valley and Marysvale pay 1.27%, 1.33% and 1.29% respectively.
  • Monroe, UT’s insurance is 4.2% of monthly housing costs of $962/month, for owners with a mortgage compared to 3.72% in Joseph, 3.68% at Elsinore & 3.94% in Central Valley. But, for households without a mortgage, insurance is 15.7% of costs ($256 in Monroe, UT) in contrast with 14.62% in Joseph, 16.13% at Elsinore & 12.59% in Central Valley.

Monroe, UT Home Values & Insurance rates

For example, insurance for 160 Homes (10.0% of total homes ) valued between $175,000 to $199,999 in Monroe, UT is about $612. Rates in nearby areas in such as Central Valley, Marysvale, Annabella are cheaper by $185, $23, $100 respectively while Joseph and Meadow are costlier by $58 and $18 respectively for similar homes.

Monroe, UT Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 88 5.0% $81
$50,000 to $59,999 23 1.0% $168
$60,000 to $69,999 55 3.0% $212
$70,000 to $79,999 21 1.0% $245
$80,000 to $89,999 53 3.0% $274
$90,000 to $99,999 148 9.0% $308
$100,000 to $124,999 160 10.0% $356
$125,000 to $149,999 277 17.0% $448
$150,000 to $174,999 209 13.0% $530
$175,000 to $199,999 160 10.0% $612
$200,000 to $249,999 198 12.0% $737
$250,000 to $299,999 106 6.0% $901
$300,000 to $399,999 63 4.0% $1147

Renters Insurance in Monroe

  • Average Renters Insurance in Monroe :  $177($14/month)

  • Median Gross Rent in Monroe :  $725

  • Monroe Renters Insurance to Median Rent Ratio:  1.93%

  • Renter occupied housing units in Monroe :  252

Monroe Renters Insurance as a Percentage of Rent

Monroe Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 4 1.0% $794
$300 to $499 50 20.0% $1244
$500 to $749 70 28.0% $1919
$750 to $999 118 47.0% $2669
$1,000 to $1,499 4 1.0% $3794

Protective device discount in Monroe Up to :  $26

Claims-free discount in Monroe Up to :  $35