Provo ,UT Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Provo, UT homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Provo, UT is $1092. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Provo, UT. VHome Insurance will help you navigate the world of homeowners insurance coverages in Provo, UT.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $437 |
| $200,000 | $743 |
| $300,000 | $917 |
| $400,000 | $1,398 |
| $500,000 | $1,758 |
Home insurance costs in Provo can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 084604 | $1,055 |
| 84601 | $1,019 |
| 84606 | $1,029 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Provo, UT, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,120 |
| $1000 Deductible | $1,001 |
| $1500 Deductible | $945 |
| $2500 Deductible | $852 |
| $5000 Deductible | $721 |
| Home Insurance Company Near Provo, UT | Homeowners Insurance Agency Near Provo, UT | Address |
|---|---|---|
| Farmers | Rick Lee | 1002 S State St, Orem, T, 84097 |
| Travelers | Salmon Ins Llc | 1391 S 740 E, OREM, UT, 84097 |
| State Farm | Bill Coles | 1175 E 3200 N, Lehi, UT, 84043-5464 |
| Allstate | James Horton | 1415 N State St, Orem, UT, 84057 |
| State Farm | Jone Olson | 94 W 200 N, Bountiful, UT, 84010-6119 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Provo-Orem CCD, Utah County, Utah | $62 | $82 | $123 |
| Orem city, Utah | $62 | $82 | $123 |
| Springville city, Utah | $62 | $82 | $123 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Provo, UT | 2.9% | 11.2% |
| Provo-Orem | 2.93% | 11.12% |
| Orem | 2.93% | 11.06% |
| Springville | 2.9% | 10.56% |
| Provo Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 232 | 1.0% | $335 |
| $200 to $299 | 654 | 3.0% | $785 |
| $300 to $499 | 2,079 | 11.0% | $1235 |
| $500 to $749 | 6,487 | 36.0% | $1910 |
| $750 to $999 | 3,318 | 18.0% | $2660 |
| $1,000 to $1,499 | 3,368 | 19.0% | $3785 |
| $1,500 or more | 1,424 | 8.0% | $5435 |
| Streets in Provo Area | Homeowners Insurance Cost |
|---|---|
| Apache Ln, N Marina Dr, E 3450 North St, W 620 North St, W 850 S, N 1120 W, Sheffield Dr, E 820 North St, W 1450 S, E 1070 S | $485 |
| N 1270 W, 470 North St, S 890 East St, E 2500 N, 4130 N, N 1080 E, W Parkway Cir, E Oregon Ave, N 2700 North St, E 1450 South St | $492 |
| W 890 North St, W Casi Way, N 2370 W, W 2050 North St, E Cottage Cove, E 3950 North St, E 3700 N, Rock Creek Rd, Summit Dr, N 1550 W | $519 |
| E 780 South St, 1990 N, W 2050 N, W 420 South St, E 2050 N, E 620 N, S Turnbuckle Rd, Scenic View Dr, Green Canyon Rd, W 410 S | $486 |
| W 1350 S St, W 1560 S, N 125 West St, E Apple Ave, E 2620 North St, W 1970 North St, S 1540 East St, W 3960 N, E 1850 North St, W Heather Ln | $506 |
| Brickerhaven Dr, N Iroquois Dr, Fox Point Dr, S 430 W, W 460 N, E 4320 N, S 1920 W, Provo Canyon Rd, E 1130 S, S Terrace Dr | $493 |
| S 1420 East St, Holiday Hills Rd, E 2570 North St, E 880 North St, Riverside Ave, Wesson Dr, E 3200 North St, Silver Lake Cabin Road Left, Oakcrest Ln, Cottonwood Ln | $508 |
| W 3300 North St, 2750 W, E 1230 North St, E Osmond Ln, W 1435 S, N 2830 W, S 940 West St, Reese Dr, N Oak Hills Cir, S 2530 W | $497 |
| E 2300 North St, W 1320 N, W 2230 North St, W Ferruginous Way, Teton Dr, Elkhorn Cir, E 1980 North St, E 25 South Aly, N Edgewood Dr, N 2670 W | $508 |
| W 4600 N, S 1850 W, Fairfax Dr, N University Pkwy, 465 West St, Cherry Cir, E 2500 North St, Park Ridge Way, 3110 W, N 390 E | $515 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Provo | $74 to $76 |
| Provo-Orem | $74 |
| Springville | $73 |
| Palmyra | $78 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $3,000 |
| Yearly Provo Homeowner Insurance Premium Example | $1,000 | $600 |
| Out of Pocket Expense During Claim | $1,000 | $3,000 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $8,000 | $7,200 |
| Net Savings to Provo Home Owner from High Deductible Plan | $800 | |
| Scenario | Provo, UT Home Replacement Value MORE than Home Value | Provo, UT Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $297,500 | $195,000 |
| Insurance Premium based on Replacement Value | $775 | $500 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $75,500 | Risk Exposure from Under Insuring Coverage is $27,000 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $200/year |
| Insurance Company | Farmers Insurance | American Family Insurance | GEICO Insurance |
| Monthly Premium | 27 | 56 | 48 |
| Year Built | 2003 | 1977 | 2012 |
| Home Details | 2 Beds, 1 Baths | 4 Beds, 2 Baths | 3 Beds, 2 Baths |
| Coverage Amount | $100000-$125000 | $175000-$200000 | $200000-$250000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $500 Deductible |