How to Use a Car Insurance Calculator to Lower Your Premiums

Utah Car Insurance Calculator

Utah car insurance is expensive, but there are ways to lower your premiums. The first step is to know your exact coverage requirements. Your state’s minimum liability coverage is just enough to protect you and other drivers from liability claims. In some cases, you can choose to pay more for additional coverage. But it’s a good idea to get more coverage than is required. Liability insurance covers other people’s property if you cause an accident, but it doesn’t protect your vehicle.

WalletHub’s analysis of Utah’s car insurance market

The state’s car insurance market is relatively stable. As of February 2019, overall premium costs in Utah fell by just over two percent. The lowest premiums were found with American Family, State Farm, Progressive, and Farm Bureau. However, drivers in their twenties are paying higher rates. To help them lower their costs, they should look for a good driver discount. This will help them save between 10 percent and 30 percent.

While liability coverage is mandatory in Utah, it’s important to also look into collision and comprehensive coverage, which will help cover the costs of repairs and replacement if you get into an accident. Comprehensive coverage will help pay for damages caused by third-party sources as well as repair costs incurred by other drivers.

Factors that affect premiums

There are many factors that affect your car insurance premiums, including where you live, the age of your car, and whether you have a history of accidents or tickets. Additionally, your age and gender are also factors that car insurance companies consider. Your location is also a factor, since some cities are more prone to accidents than others. If you live in a city that has a high number of accidents, you can expect to pay higher premiums than you would in a more rural area.

The cost of car insurance in Utah varies widely depending on your driver profile and the type of policy that you choose. The average rate for full coverage is $1,154 per year, but it can be higher or lower depending on your driving record and other factors. Overall, Utah has moderate car insurance rates. There are several factors that contribute to the relatively low cost of Utah car insurance, including a low population density, low vehicle theft rates, minimal uninsured drivers, and few natural disasters.

Discounts available

There are a number of ways to save money on car insurance in Utah. One of the easiest ways to do this is to get a multi-policy discount. By bundling your auto insurance policies, you can receive a discount of up to 10%. Depending on the carrier, you may qualify for other discounts, as well. Many carriers offer discounts to people who are members of certain organizations, or who are able to keep their driving records clean.

Another great way to cut your monthly car insurance expenses is to opt for a higher-deductible policy. While state-mandated minimum coverage might be cheaper, this will only cover your bare minimums in the event of an accident. It will not cover the full costs, so consider adding more coverage.