Platt Insurance Agency

Utah Business, Homeowners, Health, Life, & Auto Insurance Quotes

Insurance Statistics

In Utah the vast majority of residents own some sort of insurance policy. The policy greatly varies from Life Insurance, to Health Insurance, and even to Auto Insurance. This page can tell you detailed information about the residents living in Utah.

***Total Utah Residents – 2,703,246
Utah uninsured residents – 13.02%
Total Utah HMO enrollment – 783,685
Avg annual employee premium in UT employer-sponsored plan (after employer contrib): $752
Avg UT hospital cost per inpatient day (before insurance) – $1,959

**(Utah) Consumer research conducted by the NAIC earlier this year indicates:

Only 35% of young singles have life insurance. Furthermore, few young singles (28%) express high levels of confidence in knowing the difference between the two basic types of life insurance, term and permanent, and a similar number (27%) are highly confident that buying life insurance when they are young will guarantee their coverage later in life.

Among young families, nearly two-thirds (64%) believe it’s “very important” for both spouses to have life insurance. Yet fewer than half (48%) say they actually have purchased life insurance for either spouse.

Across all life stages, a significant number of consumers (around 40%) fail to review their life insurance policies on an annual basis.

Earned Premiums*
Year: | 2004 | 2003 | 2002 | 2004 | 2003 | 2002 |
Bodily Injury Liability: Utah |173,395,599 | 154,044,839 | 151,139,848 | 14,596 | 14,497 | 14,388 |

2005 State Average Expenditures and Average*
Premiums for Personal Automobile Insurance

2005 Average Expenditure 2005 Combined Average Premium

Utah 706 819

Average Premiums and Expenditures 2001-2005*
Average Expenditure

STATE 2005 | 2004 | 2003 | 2002 | 2001

Utah 705.56 | 722.27 | 733.45 | 702.63 | 640.12

Average Premiums and Expenditures 2001-2005*
Combined Average Premium

STATE 2005 | 2004 | 2003 | 2002 | 2001

Utah 819.09 | 839.94 | 849.16 | 807.62 | 739.19

*Information gathered from http://www.naic.org/
**Information borrowed from http://www.insurance.utah.gov/annuity/factsoflife.html
***taken from http://www.ehealthinsurance.com/utah-health-insurance

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Testimonials from Utah Businesses

Taylorsville, Utah Business Owner:

"My wife and I are in our 60's and we have to watch every penny. But we don't really understand all of the details on insurance and need to be able to have an agent that we can trust. Our friend recommended that we call Platt Insurance Agency. Even though we were with the AARP Program that advertises they have the best rates for auto and home insurance for seniors, Helen was able to save us $400 a year in premium and tripled our liability coverage. AARP had never explained to us that we could lose everything in a serious accident if our insurance were used up. They sold us $50,000 per person limits just to save a buck and make themselves look good. We now have limits high enough that we can sleep at night. And I can always talk to the same agent every time I call. I like knowing who I am dealing with and getting no nonsense insurance advice."

South Jordan, Utah Business Owner:

"We are a young family with a few toys. I had always thought my insurance was something I just had to pay because we have cars and a home and a few toys. Then one day I just got tired of the rates going up all the time. So I found Platt Insurance Agency on the internet and gave them a call. Micah was able to cut my auto rates in half. I mean I am now paying for a whole year what I used to pay for only six months. I had no idea Farmers was so out of the ball park on their rates. He took care of my home and my toys as well at a very good rate and explained all the coverages that I needed. I have already sent him 3 other family members and they are all pleased at the service and the prices. If you can get better service at a much lower price, why not?"

Riverton, Utah Business Owner:

"I have been a long time client of Platt Insurance Agency. Dave always reviews my commercial insurance each time it comes up for renewal. This year he recommended a change to Travelers in order to get better coverage at a better price. He showed me how I can qualify for more discounts if I add my workers compensation insurance to the package. So I tripled my coverage and lowered my premium by $500 a year. And I didn't have to do the shopping. Dave did it for me and made everything painless. I know he makes less money when he finds me a lower rate, but he looks our for the customer and always gives them the best deal he can."