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Average Cost of Homeowners Insurance in Orem, UT

Homeowners insurance is an essential expense for any homeowner, providing protection and peace of mind in the event of damage or loss to their property. The cost of homeowners insurance can vary significantly depending on the location, the value of the property and the level of coverage selected. Orem, UT, is a growing city in Utah, with a population of over 97,000 and a thriving economy. The average cost of homeowners insurance in Orem, UT, is $693. For homeowners in Orem, it's important to understand the average cost of homeowners insurance and the factors that impact the cost in their area. In this article, we will explore the average cost of homeowners insurance in Orem, UT, and the key factors that can affect this cost, helping homeowners make informed decisions about their insurance coverage.

Factors Affecting Home Insurance in Orem, UT, UT:

1. Homeowners insurance rates by coverage levels

2. Homeowners insurance rates by deductibles

3. Homeowners insurance rates by the age of the home

4. Homeowners insurance rates by the safety features

Homeowners insurance costs in Orem, UT, by the Coverage level

The cost of homeowners insurance in Orem, UT, can vary based on a number of factors, including the coverage level selected. Generally, a higher coverage level will result in a higher premium cost. Homeowners who opt for a basic coverage level may pay a lower premium, but this may not provide sufficient protection in the event of a disaster. On the other hand, homeowners who select a higher coverage level can expect to pay a higher premium, but this may offer more extensive protection against a wider range of risks. For instance, if a homeowner in Orem, UT, decides to get $200,000 worth of coverage for their property, their home insurance premium will be $654. To learn about the cost of home insurance in Orem, UT, at different coverage levels, refer to the chart below.

Homeowners Insurance Rates by Deductibles in Orem, UT

Homeowners in Orem, UT, can impact their insurance rates by choosing a deductible that suits their needs. The deductible is the amount a homeowner must pay out of pocket before their insurance coverage begins. Insurance providers in Orem, UT, usually offer lower premiums for higher deductibles, as it signals financial responsibility from the homeowner. However, homeowners should consider the potential savings versus the financial burden in case of a claim. For instance, a $2000 deductible could result in lower monthly payments, but it may be difficult to pay in an unexpected event. On the other hand, a $500 deductible may result in higher monthly payments, but it could provide more financial protection. For example, Orem, UT homeowners who opt for a $2000 deductible pay $529, while those who choose a $500 deductible pay $685  for their house insurance.

Homeowners Insurance Rates in Orem, UT, by the Age of the Home

The age of a home is a crucial factor in determining homeowners' insurance rates in Orem, UT. Older homes are generally considered riskier to insure, as they may be more prone to damage and require more maintenance. For example, a newly constructed home in Orem, UT, will cost $520 in homeowners insurance, whereas a house that is 40 years old will cost $711. As a result, insurance rates for older homes may be higher than for newer homes. Homeowners of older homes in Orem, UT, should consider taking measures to reduce the risk associated with insuring their homes, such as making upgrades or renovations.

Orem, UT Homeowners Insurance Rates According to Safety Features

Orem, UT Homeowners can lower their insurance rates by implementing certain home safety features. Insurance providers consider the level of risk associated with insuring a property when determining insurance rates, and homes equipped with certain safety features are generally considered less risky to insure. For instance, homeowners who install security systems, smoke detectors, fire alarms, or sprinkler systems can qualify for lower insurance rates as these features can help prevent or mitigate the damage caused by accidents or disasters. For example, in Orem, UT, residences with deadbolts and smoke detectors pay $596 and $617 on homeowners' insurance, respectively.

Top Home Insurance Companies in Orem, UT

Home Insurance Company A.M. Best Financial Strength Rating Homeowners Insurance Market share
Allstate A+ 10.1%
Erie A+ 8%
Travelers A++ 6%
GEICO A++ 4.1%
Nationwide A+ 3%

Top Travelers Home Insurance Agents in Orem, UT

Homeowners Insurance Agents Agent Address Contact Details
Luckey Agency Inc 11075 S STATE STE STE 5B
www.luckeyagency.com 84070
801-326-9515
Email:INFO@LUCKEYAGENCY.COM
Mckinney & Co 4625 S. 2300 E STE 110
84117
(801) 639-0078
Paul M Games 3120 S 1300 E
84106
(801) 599-7501
Associated Ins Systems Services-Miller 5063 S State St
www.associatedinsuranceva.com 84107-4824
801-261-4337
Email:CMiller-johnson@aismiller.com
Brightway Insurance 378 W 1230 N
www.brightway.com 84604-3319
801-373-5740
Email:donna.bavier@brightway.com
Gulf Coast Insurance Llc 892 W State St
84043
(385) 336-2250
J M F Risk Management Inc. 175 EAST 6100 SOUTH
optimum.net 84107
801-268-6834
Rodney Kent Mouton 525 W 5300 S Ste 125
www.moutonagency.com 84123
(801) 262-8651
Email:RodneyMouton@Moutonagency.com
Bishop & Croshaw Ins Agency 2851 S Redwood Rd Ste F
84119-2438
801-953-0005
Email:bishopinsuranceagency@verizon.net
Agency Specialists Of Mexico 3649 W 10400 S Ste 105
84095-5629
801-285-8890

Top Erie Home Insurance Agents in Orem, UT

Homeowners Insurance Agents Agent Address Contact Details
Mccammon Agency Corp 154 S Main St
84074
(435) 248-1008
The Perzel Agency Inc. 45 East 600 North
84648
Integrated Insurance Solutions Inc. 3818 WEST 5400 SOUTH
www.integrated-usa.com 84118
801-966-7283
Randal A Bohannon 922 S Main St
84062
(801) 785-4433
Integrated Insurance Solutions Inc. 8545 S REDWOOD RD STE D
www.integrated-usa.com 84088
801-679-9433
Humphries Insurance Group Inc 46 WEST 200 S STE 1
www.humphriesinsurance.com 84010
801-292-5529
Email:walt@humphriesinsurance.com
Northwest Ins Brokers Inc 11142 HIGHLAND BLVD STE 300
www.nwibrokers.com 84003
(801) 216-4545
Email:support@nwibrokers.com
Clevenger Insurance Agency 3612 W 4700 S Ste 5
84129-3424
801-966-1431
Integrated Insurance Solutions Inc. 9235B SOUTH REDWOOD RD
84088
801-566-8040
Patton Insurance Inc 11576 S STATE ST STE 1202A
www.pattoninsuranceinc.com 84020
(801) 316-1390
Email:marip@pattoninsuranceinc.com

Top Allstate Home Insurance Agents in Orem, UT

Homeowners Insurance Agents Agent Address Contact Details
Michael P Murray 764 E. Winchester Street Ste 100
84107
1-801-685-0515
Debbie Hardy 11 E State St
84025
(801) 451-2124
Varney Ins South 48 North Main
84648
Paul Michaylo 177 E Fort Union Blvd
84047
(801) 563-3300
Southern Harvest 3300 N. Running Creek Way E-100
84043
Dave Haben 1332 E 3300 South
84106-3012
801-487-5446
Et Inc Of Wisconsin 231 S 1300 E
84102
(801) 582-6600
Wesley Deneve 5330 S 900 E #180 Salt\u00a0Lake
84117
Andrews Ins Agency 420 N Redwood Rd Unit C
84054-2810
801-335-0016
Alex Ferreira 2230 N University Pkwy Ste 7B
84604-1586
801-344-5400

Top GEICO Home Insurance Agents in Orem, UT

Homeowners Insurance Agents Agent Address Contact Details
Daniel Lucas 75 E Main Street
84003-2360
801-756-3500
Email:dlucas@geico.com
Paul Mays 9429 S Union Sq
84070
(801) 501-0900
Email:paulmays@geico.com

Top Nationwide Home Insurance Agents in Orem, UT

Homeowners Insurance Agents Agent Address Contact Details
Gannon Insurance Associates Inc 553 N Main St
84074
(435) 882-1216
Paul Michael Meagher 4256 S Main St
84107
(801) 255-8005
Michael P Namath 12427 South Pasture Road Suite 100
84096
1-801-253-3958
Garland Ins & Financial Services Llc 48 N Main PO Box 46
84648
(435) 623-1830
Andy W Bleggi 75 E Main St
84003-2360
801-756-3500
Oliver Insurance And Financial Services Inc. 302 W 5400 S STE 101
84107
(801) 685-6860
Ed Cantey Insurance Agency Inc 579 W 2600 S
84010
(801) 295-9896
Daniel M Haines 1175 E 3200 N
84043-5464
801-331-8312
J R Hart Inc 807 EAST PACIFIC DR STE A
84003
801-374-7444
Kathy Mcmanus Agency Inc The 3301 UNIVERSITY AVE N
84604
801-655-1823

Homeowners Insurance Comparison for the Cheapest Premiums in Orem, UT

AllstateGEICOTravelers
Median Home Value ($) 216,820236,820216,820
Construction year 201419921986
Home Coverage ($) $250000-$300000$400000-$500000$350000-$400000
Total Premium ($) $1261$1015$1104

Orem, UT Multi Policy Discounts by Home Insurance Companies

Home Insurance Company Multi Policy Discount (%)
Travelers upto 11%
Erie upto 17%
Allstate upto 15%
GEICO upto 22%
Nationwide upto 5%