Cheapest car insurance companies in Salt Lake City
According to a study by Insurance.com, the cheapest car insurance companies in Salt Lake City for 2023 are Nationwide and Geico.
In Salt Lake City, Nationwide provides the cheapest auto insurance rates to drivers at an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,244 annually.
The cost of car insurance in Salt Lake City varies depending on your ZIP code, driving history, coverage level, and carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Salt Lake City.
| Companies | Average annual rates |
|---|---|
| Nationwide | $1,244 |
| USAA | $1,355 |
| Geico | $1,385 |
| Auto-Owners | $1,579 |
| Progressive | $1,995 |
| United Insurance Co | $2,232 |
| State Farm | $2,443 |
| Iowa Farm Bureau | $2,542 |
| Allstate | $2,652 |
| Farmers | $2,951 |
Cheapest car insurance cost in Salt Lake City by Age Group
In Salt Lake City, Nationwide is the cheapest car insurance company for teenagers, offering full coverage policies at $4,691 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads.
However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible.
Geico is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Salt Lake City at about $2,131 per year.
You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Salt Lake City is Nationwide. Its average rate for a full coverage car insurance policy is $1,226 per year.
Salt Lake City senior drivers seeking affordable car insurance should look no further than Nationwide. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,222. It makes Nationwide a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Nationwide | $4,691 | $2,205 | $1,226 | $1,222 |
| Auto-Owners | $4,895 | $3,005 | $1,580 | $1,762 |
| Geico | $5,179 | $2,131 | $1,388 | $1,521 |
| USAA | $5,917 | $2,179 | $1,371 | $1,477 |
| United Insurance Co | $5,937 | $3,506 | $2,241 | $2,490 |
| State Farm | $7,541 | $4,224 | $2,468 | $2,409 |
| Iowa Farm Bureau | $7,755 | $4,143 | $2,520 | $2,771 |
| Progressive | $9,775 | $3,413 | $1,981 | $2,056 |
| Allstate | $9,978 | $3,639 | $2,634 | $2,817 |
| Farmers | $12,193 | $3,876 | $2,790 | $3,031 |
Cheapest car insurance companies in Salt Lake City by driver profile
Car insurance rates in Salt Lake City vary by driver profile. Drivers with a history of accidents or tickets on their record will likely pay more for car insurance than those without any driving violations.
Finding the cheapest car insurance in Salt Lake City requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
In Salt Lake City, these insurance companies offer cheap car insurance rates based on your driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: Geico
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
Geico has the cheapest rates for Salt Lake City drivers with poor credit looking for affordable auto insurance. At an annual cost of $1,491, Geico offers substantial savings among the insurers analyzed.
Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Salt Lake City.
| Company | Average annual rates |
|---|---|
| Geico | $1,491 |
| Nationwide | $1,709 |
| USAA | $2,185 |
| Progressive | $2,837 |
| Farmers | $3,314 |
| Allstate | $3,743 |
| State Farm | $5,627 |
Cheapest for drivers with a speeding ticket: USAA
USAA offers the cheapest auto insurance rates for drivers with a speeding ticket in Salt Lake City. It offers full coverage car insurance for drivers aged 30 at about $1,312 per year.
Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.
| Company | Average annual premium |
|---|---|
| USAA | $1,312 |
| Geico | $1,498 |
| Nationwide | $1,586 |
| State Farm | $1,913 |
| Progressive | $2,208 |
| Allstate | $2,467 |
| Farmers | $2,825 |
Cheapest auto insurance after an at-fault accident: Geico
If you've had an accident, Geico might be your best bet for affordable auto insurance.
For Salt Lake City drivers with an at-fault accident, Geico offers the cheapest average annual rate at $1,800. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| Geico | $1,800 |
| USAA | $1,829 |
| State Farm | $2,079 |
| Nationwide | $2,306 |
| Farmers | $3,312 |
| Allstate | $3,342 |
| Progressive | $3,864 |
Cheapest auto insurance after a DUI: State Farm
Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Salt Lake City. On average, its annual full coverage rate is $1,913, making it a significantly cheaper option than other insurance providers.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average annual rates |
|---|---|
| State Farm | $1,913 |
| USAA | $1,986 |
| Progressive | $2,299 |
| Geico | $2,519 |
| Nationwide | $3,253 |
| Farmers | $3,441 |
| Allstate | $3,615 |
Average car insurance cost in Salt Lake City
In Salt Lake City, the annual cost of car insurance for the coverage level of 100/300/100 is $2,038 or around $170 per month. However, the average yearly rate for state minimum coverage in Salt Lake City is $695.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | State minimum average |
|---|---|
| $2,038 | $695 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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