Top 5 Home Insurance Companies in Orem, UT
Check out the most popular Home Insurance agencies & companies in Orem, UT & compare the best quotes from them.
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 |
| 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 |
| 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 |
| 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 |
| 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 |
| Allstate | GEICO | Travelers | |
| Median Home Value ($) | 216,820 | 236,820 | 216,820 |
| Construction year | 2014 | 1992 | 1986 |
| 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% |