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84116 Home Insurance Rates

Getting multiple homeowners insurance rates in 84116 is the best way to review and compare all the coverage options available for you, your home and your family. Our homeowners rates are very competitive for homeowners living in the great city of Salt Lake City, UT. Many homeowners based out of the 84116 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. The reason is because we clearly showcase the carriers that we will shop for you. We can compare up to 12 competitive home insurance rates for you all in one place. Plus, our home insurance quotes are free and our Utah licensed home insurance professionals can provide a free consultation service to you that allows you to ask questions about which policy and coverage package is best for you. To get free home insurance quotes, simply click the "Get Multiple Quotes Now" button. Your 84116 should appear in the zip code field ready to go. For Salt Lake City, UT Home Insurance Quotes, Click to easily get started!

84116 Homeowners Insurance Rates, Average Rating: Very Low!

Your homeowners insurance policy in 84116 consists of both property and casualty insurance coverage. This type of policy will insure your home against a variety of risks, including fire, theft and windstorm damage. Additional protection is also included in most policies that offer liability coverage against accidents that may injure other people on your property in Salt Lake City. For a basic HO-3, standard homeowners policy, the average premium per year in Utah is around $587. By shopping your home insurance with us at GetHomeInsuranceQuotes.com, we can help you compare the most affordable rates and enhanced coverage options. Please enter your 84116 zip code today and let us help you save time and money on your homeowners insurance premium.

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84116 Home Insurance Average Premiums

Local 84116 homeowners insurance quotes comparison

$337 /yr.

Shows Zip Code: 84116 lowest rates with discounts applied on average.

For the 84116, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$337 /yr.
Average Coverage:$587 /yr.
2600 sq. ft. or higher
(all discounts applied)
$887 /yr.

What is the average home insurance cost for a home in 84116?

  • • The average homeowners insurance premium paid annually for a home in 84116 is around $587 per year.

What does it cost on average per month for home insurance in 84116?

  • • Homeowners in 84116 pay a monthly average cost per month around $49.00.

What kind of discount could I get if I combine my home and auto insurance together in 84116?

  • • Autoowners in 84116 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Salt Lake City area, check out other zip codes nearby 84116.
Review average rates in another zip code:
84112 homeowners insurance rates
84109 homeowners insurance rates
84104 homeowners insurance rates
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84108 homeowners insurance rates
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84116 homeowners insurance rates
84123 homeowners insurance rates

Home Replacement Cost Coverage in 84116

Average Building Cost Per Square Foot in 84116: $189

Location: Salt Lake City, Utah (Salt Lake County)

Average Square Footage in 84116: 1,305 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 84116 before you start any project. Salt Lake City homeowners pay on average around $189 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 84116 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 84116 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,305 sq. ft. and the average cost to rebuild the home in this area is around $189 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Salt Lake City area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1891,305$246,600
Additional Upgrades & Added Features$2361,305$308,250
Major Home Updates or Advancements$2841,305$369,900

It's important to understand that when you estimate your replacement cost of your home in the 84116 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 84116

Mgis Property & Casualty

Address: 1849 W North Temple Bldg D Salt Lake City, UT 84116
Phone: (801)990-2400
Website:

Best Home & Auto Insurance Agencies in 84116

Mgis Property & Casualty

Address: 1849 W North Temple Salt Lake City, UT 84116
Phone:
Website:
Info:

Housing Demographics for 84116

Population Review for 84116 Zip Code

For the city of Salt Lake City, the population within 84116 has increased to over 35,629 residents in population size. The current population total is 35,327. We have broken down the population based on race below. In 84116, there are over 18443 in male population and 16884 females.

PopulationValues
Total Population35,327
White Population17385
Black Population1713
Hispanic Population15396
Asian Population1608
Hawaiian Population1486
Indian Population863
Other Population7526
Male Population18443
Female Population16884
Population Estimate35629

Household Data for 84116

The average number of homes in 84116 is around 12,232, there are an average of 2.86 per household. The average house value according to local real estate values is around $246,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode12,232
Persons Per Household2.86
Average House Value$246,600
Income Per Household$56934
Median Age31.1
Median Age Male30.9
Median Age Female31.3
84116 DetailsValues
StateUT
State Full NameUtah
City TypeP
City Alias AbbreviationSALT LAKE CTY
Area Code801/385
CitySalt Lake City
City Alias NameSALT LAKE CITY
CountySalt Lake
County FIPS035
State FIPS49
Time Zone7
Day Light SavingY
MSA7160
PMSA
CSA482
CBSA41620
CBSA_DIV
CBSA_TypeMetro
CBSA_NameSalt Lake City-Murray, UT
MSA_NameSalt Lake City-Ogden, UT MSA
PMSA_Name
RegionWest
DivisionMountain
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses771
Number Of Employees35376
Business First Quarter Payroll573100
Business Annual Payroll2308271
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population1124197
CBSA Division Population0
Congressional District01|02
Congressional LandArea19560.79|39987.95
Delivery Residential12458
Delivery Business771
Delivery Total18047
Preferred Last Line KeyZ16259
Classification Code
Multi-County
CSA NameSalt Lake City-Provo-Orem, UT-ID
CBSA_DIV_Name
City State KeyZ16259
Land Area50.341000
Water Area34.255000
City Alias Code
City Mixed CaseSalt Lake City
City Alias Mixed CaseSalt Lake City
Box Count268
SFDU6569
MFDU3179
State ANSI49
County ANSI035
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number497786
Unique ZIP Name
SSA State County Code46170
Medicare CBSA Code41620
Medicare CBSA NameSalt Lake City, UT
Medicare CBSA TypeMetro
Market Rating Area ID3
County Mixed CaseSalt Lake

Utah Homeowners Insurance News & Information

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    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]