Cost & Coverage
We make it easy to compare and buy insurance.LEARN MORE
Find the best renters insurance in Salt Lake City to ensure your belongings are protected.
Salt Lake City has it all: it’s bordered by both the heavily buoyant Great Salt Lake and the snow-capped Rocky Mountains, and it has a thriving punk rock scene. But the city that Brigham Young built has so much more to offer, making it a popular spot for people to move to and rent in, as 52% of the city’s occupied dwellings are rented rather than owned.1 If you do rent in Salt Lake City, you may want to consider purchasing renters insurance.
Yes, renters insurance ensures that your personal belongings are protected, but it also protects your bank account if someone is injured in your home and sues you or requires you to pay his or her medical expenses. There are countless reasons you should consider renters insurance if you live in Salt Lake City, from rate affordability to the high risk of break-ins. Read on to learn more about why renters insurance makes sense for Salt Lake City residents.
|Insurance Company||Monthly Cost - $500 Deductible||Monthly Cost - $1,000 Deductible|
† Not available in Salt Lake City
Methodology: We pulled renters insurance quotes online from five of the most popular insurance companies: State Farm, Lemonade, Allstate, Travelers and Stillwater. Quotes were for policies with $500 and $1,000 deductibles for a 30-year-old male apartment renter. We deferred to the most comparable coverage amounts when identical policies were unavailable.
|Medical payments to others||$1,000||$1,000||$1,000||$2,000||N/A|
† Not available in Salt Lake City
Renters insurance is about far more than just protecting your personal property. Here’s a rundown of the components you should look for in a policy when comparing renters insurance rates.
We’ve got a full explainer of what renters insurance covers here.
While renters insurance is not legally required in Salt Lake City or the state of Utah, some landlords or management companies may require renters insurance as a condition for signing the lease. When applying for a residence, always be sure to double-check with the broker or landlord about renters insurance before signing.
It's also worth remembering that although renters insurance may not be legally required, it may save you a legal headache at the end of the day. Having liability coverage alone is reason enough for you to think about purchasing renters insurance.
Renters insurance is among some of the most affordable insurance types to buy, and considering your most cherished personal belongings are typically stored in your residence or storage units, it should be a no-brainer in any city.
In 2016, Salt Lake experienced 12,774 instances of theft and 1,802 instances of burglary; and a per-capita rate that ranks up there with the highest theft and burglarized cities in the country. If those statistics hold up, it's especially important that you look into adding coverage for your stuff. For as low as $10 per month, you can protect your most expensive and cherished personal belongings, and your coverage protects your stuff anywhere in the world. If your car gets broken into in your gym parking lot and your wallet and GPS get stolen, car insurance won’t provide coverage for your stolen items, but renters insurance has you covered. 2
|--||Salt Lake City incidents||Salt Lake City rate*||Nationwide incidents||Nationwide rate*|
|--||*per 100,000 people|
While not everyone lives in the far reaches of Salt Lake City at the base of a mountain, city residents are still susceptible to avalanche-like snowfall. In fact, SLC receives an average of 47 inches of snowfall each year.3 Renters insurance will cover your personal belongings if that snow on your roof causes it to fall through, or if the cold temperatures cause your pipes to freeze and burst.
Did you know that renters insurance covers avalanches? This is because avalanches are technically considered a “weight of snow or ice peril” rather than an earth-moving peril (like mudslides and earthquakes, which are not covered).
Salt Lake City residents looking for more information on renters rights and resources should check out the following:
The Renter Toolkit: Everything you need to know as a renter in Salt Lake City, from applying for housing to resolving disputes to basic tenant resources.
Salt Lake County Housing and Rental Assistance: Provides financial assistance, tenant resources, and affordable housing priorities for Salt Lake residents.
Utah Legal Service: Legal resources for Utah tenants
Security you can trust
Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.
Copyright Policygenius © 2014-2020