Cheapest car insurance companies in Salt Lake City 

After an in-depth analysis, Insurance.com found that Nationwide and Geico are the cheapest car insurance companies in Salt Lake City for 2023. 

Nationwide has the cheapest car insurance rates in Salt Lake City at an average cost of $1,244 per year.

When it comes to car insurance costs in Salt Lake City, several factors come into play. Your location, driving record, coverage level, and the insurance company you choose can all affect the price you’ll pay. Make sure you shop around and compare policies apples to apples to get a good deal on your insurance policy. 

CompaniesAverage 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 

Nationwide offers the cheapest full coverage car insurance for teenage drivers in Salt Lake City, with an average annual cost of $4,691 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts. 

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

For Salt Lake City drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. Nationwide provides the cheapest car insurance premiums, offering full coverage policies at $1,226 annually

Nationwide tops the list in terms of affordability for senior drivers in Salt Lake City. With an average annual premium of $1,222, Nationwide offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.

CompanyTeensYoung AdultsAdultsSeniors
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 

Insurers in Salt Lake City consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.

It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Salt Lake City that suits your budget. 

In Salt Lake City, these insurance companies offer cheap car insurance rates based on your driver profile.

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.

The table below shows the list of car insurance companies that offer affordable car insurance for drivers with poor or bad credit scores. 

CompanyAverage annual rates
Geico$1,491
Nationwide$1,709
USAA$2,185
Progressive$2,837
Farmers$3,314
Allstate$3,743
State Farm$5,627

In Salt Lake City, USAA provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,312, on average. 

Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.

CompanyAverage annual premium
USAA$1,312
Geico$1,498
Nationwide$1,586
State Farm$1,913
Progressive$2,208
Allstate$2,467
Farmers$2,825

Geico is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Salt Lake City is $1,800. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket. 

CompanyAverage annual rates
Geico$1,800
USAA$1,829
State Farm$2,079
Nationwide$2,306
Farmers$3,312
Allstate$3,342
Progressive$3,864

State Farm is the carrier that offers cheap auto insurance rates in Salt Lake City for drivers after a DUI. Its average annual rate for full coverage is $1,913

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. 

CompanyAverage 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 

On average, Salt Lake City drivers pay $2,038 annually, or $170 monthly, for full coverage car insurance policies with a coverage level of 100/300/100. Conversely, the average annual cost of state minimum coverage in Salt Lake City is $695.

Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.

You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.

Average annual RatesState 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.