Home Insurance in Lake Point, Utah
Homes in Lake Point carry a median value of $604,300 - 40% higher than the Tooele County median.
The typical home in Lake Point was built around 2009. About 4% of homes were built before 1960, about 9 points below Tooele County's 13%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Lake Point is 92% single-family homes and 2% apartments in buildings with 5+ units.
About 87% of owner-occupied homes in Lake Point have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 87% of occupied homes in Lake Point are owner-occupied.
In Lake Point, 74% of homes are primarily heated with natural gas.
Tooele County's top FEMA-rated hazard is wildfire (Relatively Moderate), per FEMA's National Risk Index. Tooele County had 48 active NFIP flood policies as of September 2026. See the full Tooele County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Utah, the statewide average premium for a standard HO-3 homeowners policy is $1,107 per year (NAIC, 2023 data).
Key figures
| Median home value | $604,300 |
|---|---|
| Median year built | 2009 |
| Owner-occupied share | 87% |
| Share of owner-occupied homes with a mortgage | 87% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Tooele County | 48 |
| Home insurance premium | $1,107 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)