Best Wyoming Homeowners Insurance Quotes (2024)
USAA offers some of the cheapest homeowners insurance policies in Wyoming, with average annual premiums of $1,385.
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Written byJess Ullrich
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10+ years writing insurance and personal finance topics
Former associate finance editor for Investopedia
Jess is a subject matter expert in insurance, banking, and other personal finance topics. Her byline has appeared in numerous top web media, including Investopedia.
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Data reviewed byAndrew Huang
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Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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Updated November 6, 2024
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Table of contents
Wyoming homeowners pay an average of $2,159 annually for a homeowners insurance policy with $300,000 in dwelling coverage and a $1,000 deductible. This is slightly lower than the national average of $2,377 for the same coverage.
If you’re moving to Wyoming, understanding what to expect in terms of climate can help you find the best homeowners coverage for your needs. The state is outside “Tornado Alley,” though these weather events — and accompanying incidents like hail — aren’t unheard of.[1] Wyoming winters also tend to be harsh, so flooding from snow melt might also be a concern.
Here’s what to know about comparing quotes and choosing homeowners insurance coverage in Wyoming.
Quick Facts
On average, Cheyenne homeowners pay the highest insurance rates, while Rock Spring homeowners pay the lowest rates.
USAA, State Farm, and Allstate offer the cheapest home insurance in Wyoming.
Perils may vary depending on where you live in Wyoming, with some areas more prone to tornadoes or blizzards.
Best home insurance companies in Wyoming
Several insurance companies offer homeowners policies in Wyoming, so you have options. The best home insurance company for you will depend on your unique needs, including your location and property. Here are some companies to consider.
Insurance Company ▲▼ | IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. ▲▼ | Average Annual Premium ▲▼ | Best For ▲▼ |
|---|---|---|---|
| USAA | 8 | $1,385 | Cheapest rates |
| State Farm | 8.2 | $1,639 | Customer satisfaction |
| Allstate | 8.2 | $1,826 | Discounts |
| Foremost | 5.2 | $2,112 | In-person help |
Cheapest rates: USAA
USAACompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.4/10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 880 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $123/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $170/mo |
USAA offers the most affordable policies for Wyoming homeowners, on average. It also offers banking and investment products in addition to home insurance. You can choose from a variety of coverage options, and you can also score discounts for things like bundling policies, being claims-free, and having protective devices in your home.
Pros
AM Best financial strength rating of A++ (Superior)
High customer satisfaction ratings from J.D. Power
Cons
Only available to active-duty military members, veterans, and eligible family members
Negative customer reviews on Trustpilot
Best for customer satisfaction: State Farm
State FarmCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3/10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 842 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $124/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $221/mo |
If you’re looking for an excellent customer experience, State Farm is Insurify’s top pick for customer satisfaction in Wyoming. It ranked fifth overall on the 2023 J.D. Power U.S. Home Insurance Study, which measures overall customer satisfaction for homeowners insurers.
State Farm offers a decent network of local agents in Wyoming, meaning you can reach someone nearby if you have questions about your homeowners insurance policy. You can also use its mobile app or online dashboard to file claims, get roadside assistance, contact an agent, and more.
Pros
Several available discounts
High J.D. Power customer and claims satisfaction ratings
Cons
Higher-than-average number of complaints with the National Association of Insurance Commissioners (NAIC)
Not as many available discounts as some insurers
Best insurer for discounts: Allstate
AllstateCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.9/10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 833 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $154/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $226/mo |
While Allstate doesn’t offer the cheapest coverage in Wyoming, it has a broad selection of discounts. So if you’re eligible for several discounts, you could see fairly low premiums. Wyoming homeowners can lower their policy costs with Allstate by taking advantage of multi-policy, responsible payer, claims-free, welcome and loyalty, new homebuyer, and other discounts.
Pros
AM Best financial strength rating of A (Excellent)
Many available discounts
Cons
Below-average J.D. Power customer satisfaction rating
Not the cheapest insurance rates in Wyoming
Best insurer for in-person help: Foremost
ForemostCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.4/10 |
|---|---|
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $180/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $326/mo |
If you’d prefer to connect with a local agent in Wyoming, Foremost is a great option. This insurance company offers a broad network of local insurance agents, so you can get personalized assistance whether you’re in Cheyenne, Casper, Laramie, or Jackson Hole.
Foremost could be an especially good choice if you have more complicated home insurance needs, as you can connect with someone who truly understands the local area and coverage options.
Pros
AM Best financial strength rating of A (Excellent)
Large network of local agents
Cons
Higher-than-average number of NAIC complaints
Negative reviews on Trustpilot
Cheapest home insurance in Wyoming
USAA offers the cheapest home insurance in Wyoming, with homeowners paying an average of $1,385 annually, or $115 monthly. But not everyone is eligible for a USAA home insurance policy. Fortunately, other insurers offer relatively affordable coverage.
Here’s a look at some top insurers offering cheap home insurance for Wyoming homeowners.
Insurance Company ▲▼ | Average Annual Premium ▲▼ |
|---|---|
| USAA | $1,385 |
| State Farm | $1,639 |
| Allstate | $1,826 |
| Foremost | $2,112 |
| Allied | $3,833 |
Cost of homeowners insurance in Wyoming
Wyoming homeowners pay $2,159 annually for home insurance coverage, which averages out to around $180 per month. But several factors affect the cost of your home insurance, including:[2]
ZIP code: Your location will affect the cost of your home insurance. The insurance company will look at area crime, proximity to public services like fire stations, and other factors.
Home’s age and condition: Your home’s age and condition also play a role. In general, newer homes in good condition may be cheaper to insure.
Coverage needs: Insurers factor your coverage needs into costs, too. For instance, if you live in a high-value home, you’ll want sufficient dwelling coverage to protect it. Higher coverage amounts or adding different types of homeowners coverage mean higher costs.
Homeowners insurance deductible: Your deductible is what you’ll pay out of pocket before your insurer pays out a claim. A higher deductible typically means lower premiums.
Credit history: Insurance companies can look at your credit history to help determine the cost of your Wyoming homeowners insurance policy. Your credit history will offer insight into your payment history. In general, people with poor credit pay higher auto insurance and home insurance rates than people with good credit.
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Cost of homeowners insurance by dwelling coverage amount
A good rule of thumb is to choose a dwelling coverage amount equal to what it’d cost to replace your Wyoming home if a severe weather event destroys it. Your insurance agent should be able to guide you on how much coverage you need. In general, a higher amount of coverage will result in higher homeowners insurance premiums.
Here are the annual average premiums in Wyoming relative to dwelling coverage limits for policies with a $1,000 deductible.
Coverage Limit ▲▼ | Average Annual Premium ▲▼ |
|---|---|
| $100,000 | $970 |
| $200,000 | $1,532 |
| $300,000 | $2,159 |
| $400,000 | $2,840 |
| $500,000 | $3,558 |
Cost of homeowners insurance by deductible
Your chosen deductible will also affect your homeowners insurance costs in Wyoming. Your deductible is what you’ll pay after a claim before your homeowners insurance kicks in after a covered loss. If you opt for a higher deductible, you’ll typically benefit from lower premiums. But you’ll also need to pay more out of pocket if your home is damaged and you file a claim.
Here’s how your deductible amount could affect the average cost of homeowners insurance for policies with $300,000 in dwelling coverage.
Deductible Amount ▲▼ | Average Annual Premium ▲▼ |
|---|---|
| $500 | $2,224 |
| $1,000 | $2,159 |
How to get cheap homeowners insurance in Wyoming
No matter where you live in the Equality State, it’s likely possible to find affordable home insurance. If you want to reduce your homeowners insurance costs in Wyoming, here are some things you can do:[3]
Compare homeowners insurance companies. Your premiums will vary depending on the insurer you choose. Get multiple homeowners insurance quotes to find competitive rates on a policy that meets your coverage needs.
Research available discounts. Insurance discounts vary by company. Research potential discounts before you shop for coverage, as you might find one company offers a broad range of discounts while another offers just a few.
Install fire and theft protection. Some insurance companies will give you a special discount for installing certain safety features in your home, such as a sprinkler system or security system.
Opt for a newer home. Generally, newer homes are cheaper to insure than older homes, though it’ll depend on your location and other factors. Opting for a new construction home might save you money on home insurance.
How much homeowners insurance do you need in Wyoming?
Chances are good you’re taking out a mortgage to purchase your Wyoming home. If this is the case, your mortgage company will require you to purchase a home insurance policy, which protects its collateral in case fire or severe weather damages your home.
A standard homeowners insurance policy includes dwelling coverage, personal property coverage, liability coverage, and loss of use coverage. The amount of coverage you need will vary depending on the value of your home and your personal belongings, as well as your preferences.
Different homeowners insurance policies may have different exclusions. So, it’s important to read the fine print to determine exactly what your homeowners insurance does and doesn’t cover.
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What are some of the biggest risks when owning a home in Wyoming?
Every state has its own specific risks for homeowners. In the Midwest, you have tornadoes to contend with, while earthquakes are common in California. The state of Wyoming isn’t exempt to natural disasters.
Here are some common risks to houses in Wyoming and whether a standard homeowners policy typically covers those risks:
Severe thunderstorms
Severe thunderstorms are a relatively common weather event in Wyoming. While standard homeowners insurance often covers wind damage, it won’t cover flood damage due to a massive rainfall. You’ll need to purchase separate flood insurance through the National Flood Insurance Program if your home is in an at-risk area.
Blizzards
You can expect harsh winters in Wyoming. Snow and ice are common in this state, leaving your house at risk of property damage due to ice dams, roof leaks, and more. Your home insurance will likely cover this type of storm damage. But whether or not your insurance covers storm damage may depend on other issues, including if you’ve properly maintained your home.
Tornadoes
Wyoming is outside of tornado alley, but tornadoes still hit in this state. Fortunately, your homeowners policy will likely cover wind damage or hail damage from a tornado. It’s a good idea to review the fine print for any exclusions, though.
Wyoming homeowners insurance FAQs
If you’re shopping for home insurance in Wyoming, this additional information may help as you research your coverage options.
How much is home insurance in Wyoming?
Home insurance in Wyoming costs an average of $2,159 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible, Insurify data shows. Your rates will depend on many factors, including your ZIP code, size of your home, age of your home, and the types of coverage you choose.
Which company has the cheapest homeowners insurance in Wyoming?
USAA has the cheapest homeowners insurance in Wyoming, with an average annual premium of $1,385. But it’s only available to military members, veterans, and their families. Other affordable insurers include State Farm and Allstate, with respective annual premiums of $1,639 and $1,826.
Does Wyoming require homeowners insurance?
No. Wyoming doesn’t require homeowners insurance. But if you have a mortgage on your home, your lender will require insurance to protect its investment. It’s important to have coverage even if you’ve paid off your mortgage because home insurance protects you financially if something damages or destroys your home and you have to make costly repairs or rebuild.
Is USAA cheaper for home insurance in Wyoming?
Yes. USAA has the cheapest home insurance in Wyoming, according to Insurify data. But you’re only eligible for coverage with this insurer if you’re an active-duty military member, a veteran, or an immediate family member of one.
Related articles
Sources
- Wyoming Water Resources Data System & State Climate Office. "Wyoming Climate Atlas."
- National Association of Insurance Comissioners. "A Consumer's Guide to Home Insurance."
- Insurance Information Institute. "How to save money on your homeowners insurance."
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Jess UllrichInsurance Writer
Jess is a personal finance writer who's been creating financial and business content for over a decade. Her work is published on Investopedia, MoneyWise, NextAdvisor, The HuffPost, and more. Prior to freelancing full-time, Jess was an editor at Investopedia, The Balance, and FinanceBuzz. Connect with her on LinkedIn.
7+ years in content creation and management
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
Featured in
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
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