Wyoming Homeowners Insurance Quotes (2024)

State Farm, Allied, and Allstate offer some of the best homeowners insurance policies in Wyoming.

Nick Dauk
Written byNick Dauk
Nick Dauk
Nick Dauk
  • 6+ years writing about insurance, travel, and personal finances

  • Contributor to brands like Credible

In addition to insurance, Nick specializes in writing about business, entrepreneurship, personal finance, and travel. He’s been featured in myriad web publications, including Fox Business.

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Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferSenior Editor
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Andrew Huang
Data reviewed byAndrew Huang
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVice President, Performance Marketing
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  • 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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Updated April 6, 2023 at 12:00 PM PDT

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If you’re a Wyoming resident, you have plenty of options for affordable home insurance. The average cost of home insurance in Wyoming is $167, and such rates are available through a number of insurers, like State Farm, Allstate, and Amica.

Having a good insurer is important because Wyoming is prone to multiple environmental hazards throughout the year, including flash flooding, blizzards, earthquakes, wildfires, and even volcanic eruptions.

This article is your guide for what to consider when selecting your next Wyoming home insurance plan. As you shop for homeowners insurance, be sure to consider extended and optional coverages depending on your home’s age, value, location, and risk factors.

Best home insurance companies in Wyoming

Wyoming has a number of quality home insurance companies offering a range of products. However, according to Wyoming Insurance Commissioner Jeff Rude, there are no Wyoming-only insurers and only one domestic property and casualty insurance company that writes policies in both Wyoming and Montana.

With both national brands and regional insurers, you’ll discover that the best home insurance company for your property will be the one that can offer the coverage level you need for the rate that fits your budget.

Here are a number of top insurers based on specific criteria.

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Best large insurer: Allstate

Allstate is one of the country’s top property insurance writers and offers homeowners insurance in all 50 states. Although it has a lower J.D. Power score than some insurers (815 out of 1,000 points), it has one of the cheapest average monthly premiums in Wyoming.

Pros
  • One of the cheapest insurers in Wyoming

  • Offers optional sporting equipment, yard, and garden coverage

  • Discount incentives for switching before your current policy expires

Cons
  • Mid-range J.D. Power score compared to other insurers[1]

  • Insurance agents only in eight cities throughout the state

  • Limited discounts available after becoming a customer

Best insurer for cheap rates: State Farm

State Farm offers nationwide coverage, including quoting policies in Wyoming. It has a J.D. Power score of 829 out of 1,000 and an average monthly rate of $142.[1] With a high J.D. Power score and low average rates, State Farm is a good option for homeowners seeking an affordable national insurer.

Pros
  • Lowest monthly rates based on Insurify data

  • A++ credit rating from A.M. Best[2]

  • Roof claims are settled at replacement cost and don’t require a large deductible

Cons
  • Only seven Wyoming cities have State Farm agents

  • Wildfire Defense Systems program doesn’t extend to Wyoming

  • Discounts vary by state

Best for flood coverage: Amica

Amica Mutual has sold home insurance policies since 1956 and has the highest J.D. Power rating for customer service. Amica’s two unique flood insurance coverages offer homeowners in Wyoming options to fit their needs.

Pros
  • Holds the highest J.D. Power Customer Service Satisfaction score, at 849 out of 1,000[1]

  • A+ rating from A.M. Best[3]

  • Offers two separate flood insurance policies

Cons
  • Offers limited discounts compared to other insurers

  • Only HO-3 and HO-5 policies are available

  • Closest office is in Denver, Colorado

Best insurer for high-value homes: Travelers

Travelers has more than 150 years of industry experience. It’s a good option for high-value homes in Wyoming, with replacement costs starting at $1 million.

Pros
  • Offers expanded coverage for high-value homes

  • Available nationwide

  • Has 74 insurance agencies across Wyoming

Cons
  • Other insurers in Wyoming may offer cheaper rates

  • An A rating, but lower BBB rating of 1.07 out of 5 stars[4]

  • Lower J.D. Power score than other insurers (794 out of 1,000 points)[1]

Best regional insurance company: The Stengel Agency

The Stengel Agency has served Wyoming for the last 20 years, offering home, auto, and business insurance. It compares rates from both national and regional insurers to find customers the best rate.

Pros
  • Offers windstorm, earthquake, and flood insurance

  • Local team serving only Wyoming, Montana, and Colorado

  • Works with multiple insurers to find customers ideal policies

Cons
  • No mobile app accessibility

  • Small number of employees to handle all clients

  • Website doesn’t specify which homeowners insurance policy forms it can obtain from insurers

Methodology

Insurify’s team of data scientists analyze millions of home insurance quotes, and weigh publicly available reviews, claims payout rates, complaint indexes, financial strength scores, company reputations, and proprietary quoting data. Our editorial team applies this insight to inform our unbiased reviews and recommendations.

How much is homeowners insurance in Wyoming?

The average cost of homeowners insurance in Wyoming is $167 per month. But your premium will vary depending on the choices you make surrounding your homeowners insurance.

Your individual rate can be influenced by your home’s location, the type of policy you select, and any additional coverages you choose. That’s why it’s important that you not only identify the exact coverage levels that you need but also comparison shop to find the best rate for your budget.

How your policy choices affect home insurance rates in Wyoming

Here’s a closer look at the components of a policy and how they affect your home insurance rates in Wyoming.

Your policy form

An HO-3 policy is the most common home insurance policy form. It includes broad open-peril coverage for your home and named-peril coverage for your possessions.

A peril is anything that damages or destroys your property or possessions. Perils include events like fires, theft, and natural disasters. It’s common for some policy forms to either name or omit certain perils. For instance, a flood is a peril, though it’s rarely covered under any standard homeowners insurance policy.

Policy forms range in their coverage scope, and they cover perils differently. The comprehensiveness of your coverage influences how much you pay per month for your policy. For instance, HO-5 policies offer the most coverage, while an HO-2 policy may expand upon the coverage of an HO-1 policy yet fall short of the coverage level offered by HO-3 policies.

It’s important that you understand which perils are included or excluded from your homeowners insurance policy. Double-check these perils before purchasing a policy to know exactly how you’re covered.

Learn More: Understanding the 8 Types of Homeowners Insurance

Your coverage level

Higher coverage levels result in higher premiums because you’re asking the insurer to take on more of the risk.

Keep in mind that optional coverages, like flood insurance, will also raise your rates because you’re choosing to increase your coverage beyond the standard limits of your policy.

Here you can see how adjusting your coverage level affects your average monthly cost.

Dwelling Coverage in WyomingAverage Monthly Cost
$250,000$164
$500,000$321

Your deductible

Your monthly premium is not your only home insurance expense. All homeowners are responsible for paying their deductible: the set amount the owner must pay toward an insured loss before the insurer provides coverage.

For instance, a homeowners insurance policy may cover $10,000 in roof damage, minus a deductible of $1,000. This means that you’ll need to pay $1,000 toward the roof repair before the insurer contributes the remaining $9,000.

Lower deductibles typically lead to higher premiums, while higher deductibles usually lead to lower premiums. This is because raising your deductible means you’re taking on more financial responsibility than the minimum required by your insurer.

While it may be tempting to set a high deductible to lower your premium, make sure it’s a deductible you can afford should you need to make a claim.

Learn More: How Much to Make Your Homeowners Insurance Deductible

How location affects home insurance rates in Wyoming

The price you pay for home insurance is affected not only by the state you live in but by the ZIP code as well. This is because different areas have different risks for perils like theft or natural disasters.

For example, one common way you can lower your rate is by having a home close to a fire department. However, Wyoming only has 114 fire departments within the state’s approximately 98,000 square miles, according to the National Fire Department Registry.[5] Compare that to Michigan, a state of similar size, that has 971 registered fire departments.

Flooding is another concern in Wyoming. Although flooding has impacted all counties in the state, some areas may be more prone to this peril, resulting in higher insurance rates for those with optional flood insurance. The same applies to burglary: Crime rates are generally higher in Casper and Cheyenne than in Saratoga and Moorcroft, which may increase insurance rates.

Here, you can see how average monthly quotes change in a few different Wyoming cities.

CityAverage Monthly Quote
Casper$217
Cheyenne$344
Gillette$254
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.

What are the cheapest home insurance companies in Wyoming?

The three insurers with the cheapest average monthly quotes in Wyoming are State Farm at $142, Allstate at $152, and USAA at $162. These are all lower than the statewide average of $167.

The following table shows the five providers with the cheapest average monthly quotes in Wyoming. Keep in mind that factors like your home’s location, construction, and specific coverage needs may result in a quote that’s higher than these averages.

Insurance CompanyAverage Monthly Quote
State Farm$142
Allstate$152
USAA$162
Foremost$211
Allied$341
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.

See Also: Homeowners Insurance Companies with the Cheapest Rates

How much homeowners insurance do you need in Wyoming?

You’re not legally required by state or federal law to have homeowners insurance in Wyoming. However, if you plan on taking out a mortgage on your property, the mortgage company will usually require you to purchase a minimum amount of homeowners insurance for the duration of the mortgage.

As long as you meet the minimum amount required by the lender, you don’t need to increase your coverage. You may want to, though, to protect against unexpected events.

You should understand exactly what your home insurance policy does and doesn’t cover when you buy it so you know that you have the level of coverage you want.

Many homeowners insurance policies have several standard components, no matter which insurer you choose. Any differences will likely be specifically outlined in each unique policy.

Learn More: How Much Homeowners Insurance Do You Need?

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What home insurance coverages should you buy in Wyoming?

As you compare homeowners insurance policies in Wyoming, you’ll notice that most (including HO-3s) contain these standard parts:

  • Dwelling and other structures: Dwelling coverage usually covers damages to your home, while other structures coverage applies to damaged elements apart from the house itself, like your detached garage, shed, or fence.

  • Personal property: Your possessions are also covered in standard policies, including those damaged in a storm, stolen from your home, or even stolen or damaged while you’re away from home.

  • Personal liability: This coverage protects you in the event that you’re liable for a guest or visitor’s bodily injury or property damage.

  • Additional living expenses: Referred to as “loss of use” in some policies, this coverage reimburses expenses like hotel accommodations and meals that result from you having to leave your home due to covered damages that render the space uninhabitable.

What optional home insurance coverages should you buy in Wyoming?

Although a standard homeowners policy may not cover a certain peril, that doesn’t mean that it’s a rare occurrence. Homes in Wyoming are at risk of many different perils and threats; some are more frequent, such as animal damage, while some are extremely unlikely, such as a volcanic eruption.

“Insurance coverage is not one-size-fits-all and needs to be carefully considered based on the type of risk,” Rude says. “We encourage consumers to talk with a licensed insurance agent to ensure that they have enough coverage and the ‘right’ coverage.”

Consider optional home insurance coverages for the following perils:

  • Flooding: Flooding is an important optional coverage to consider, as most standard policies don’t cover flooding. This type of policy can protect your home from flooding damage from rainstorms, dam breaks, and melted snow.

  • Water backup endorsement: Similar to flooding, most standard policies don’t cover sewer backups, septic tank leaks, or leaks stemming from main sewer lines. A separate endorsement is required.

  • Animal damage: You don’t need to live near a national park to be at risk of animal damage. Insects, rodents, and other animals can cause damages that aren’t normally covered under standard policies.

  • Earthquakes: Earthquakes have occurred in every county in Wyoming. Standard homeowners insurance policies typically don’t cover earthquakes.

  • Volcanic events: Located in Wyoming, Yellowstone National Park is home to a supervolcano, which could erupt. Though many standard homeowners insurance policies may cover damage related to volcanic events, you should check with your insurer about this rare but possible event.

Some insurers may offer a range of different optional coverages, like those that specifically protect sports equipment or your lawn and garden. You might consider these in certain situations, such as if your property has multiple trees and is prone to severe storms. Ask your insurer what optional coverages are available that might be right for you.

How much home insurance coverage should you have in Wyoming?

You have a lot of factors to consider when choosing insurance for your home. Premium prices and deductibles are important, but keep in mind that your coverage level is what really protects your investment. Consider your policy and ask yourself if your belongings could be replaced and your home fully repaired if a natural disaster happened today.

Similarly, consider just how at risk your home is of incurring damage from these perils. If you see heavy snow collecting on your roof regularly or melted snow creating pools of water around your home each year, you’ll want to make sure you’re covered if these frequent occurrences cause damage.

Finally, don’t neglect optional coverages just to save a few dollars. Consider all optional coverages you may be eligible for. No single home insurance policy will work for every homeowner. Make sure you consider quotes from at least three different insurers before choosing a policy.

What are some of the biggest risks when owning a home in Wyoming?

A number of perils threaten Wyoming homes, including landslides, avalanches, and wildfires. Wind and hail are two of the most common perils facing homes in Wyoming, according to Rude. Three other common perils include:

  • Flooding: All of Wyoming’s counties are prone to flooding, particularly flash floods in the summer months. Since it’s one of the most common hazards in the state, homes need separate flood policies, which you can obtain through the National Flood Insurance Program or through some private insurers.

  • Earthquakes: Earthquakes, though rarely felt in many areas of Wyoming, occur daily. Many local insurers offer earthquake insurance policies throughout the state.

  • Winter storms: All areas of Wyoming can see snowfall of five inches or more multiple times per year. Many areas may also face blizzard-like conditions, with post-snowstorm winds creating drifts several feet deep.

How can you save money on homeowners insurance in Wyoming?

Here are some tips that can help you manage your homeowners insurance costs.

Bundle home and auto insurance

Bundling multiple insurance products through a single insurer often leads to discounts. Wyoming state law requires all drivers to have liability coverage, so it may make sense to see if you qualify for discounts by combining your home and auto insurance under one insurer.[6]

Improve your home’s security

Some insurers offer discounts for added safety features. Ask your insurer if you’re eligible for discounts if you install devices like smoke detectors, fire alarm systems, and burglar alarms.

Review your policy annually

Reviewing your policy annually helps you identify where you can reduce coverage on items that may have depreciated in value or if you need to add or increase coverage based on new purchases or additions to your home.

Comparison shop

Comparing rates across multiple insurers every year allows you to see who can give you the best deal for the coverage you need, whether it’s through discounts, incentive programs, or simply more competitive market rates.

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Average home replacement cost in Wyoming

When you choose a homeowners insurance policy, you have two main options: a replacement cost policy and an actual cash value policy. Replacement cost coverage means your policy pays the cost to replace or repair your damages using the same materials, without factoring in depreciation.

An actual cash value policy means your policy will factor in depreciation when determining the replacement/repair value of your damaged property. The insurer would calculate how much a new replacement or repair would cost, then subtract how much value the damaged item has lost due to depreciation.

The replacement cost of your home should influence your homeowners insurance coverage level. For example, actual cash value policies may be the least expensive option, but replacement cost policies usually provide more coverage and less out-of-pocket expense for your repairs or replacements.

Here, you can see the average home value in three Wyoming cities so you can better understand how such a cost could affect you.

CityAverage Home Value
Casper$228,902
Gillette$245,645
Cheyenne$302,642

Learn More: Replacement Cost vs. Market Value

Wyoming home insurance FAQs

Here are answers to some commonly asked questions about homeowners insurance in Wyoming.

  • How much is home insurance a month in Wyoming?

    Wyoming’s average monthly cost of home insurance is $167. However, all policies are written based on unique factors, like the home’s construction, location, and the amount of coverage. Additional coverages not included in a basic policy, such as flood insurance, will likely influence the total cost you pay for homeowners insurance. You may pay more or less than the average.

  • Is homeowners insurance expensive in Wyoming?

    Insurance in Wyoming is closer to the average of the country. Wyoming residents pay more than those who live in Alaska, Delaware, and Idaho for example. But they pay less than residents in Kansas, Oklahoma, and West Virginia. Wyoming’s homeowners insurance may be more expensive than some other states because of the many environmental threats that homes face, including flooding, severe storms, and earthquakes.

  • What are the three main types of homeowners insurance?

    The three main types of homeowners insurance policies are actual cash value (ACV), replacement cost value (RCV), and extended replacement cost policies. ACV policies reimburse the homeowner for the repair or replacement cost of the damages, minus depreciation. RCV replaces or repairs damages for their full replacement value.

    Extended replacement cost policies extend beyond your policy’s coverage limit and provide the maximum coverage amount possible for an insurance claim, such as when building costs increase during a time when your home incurs damage.

  • Does Wyoming require homeowners insurance?

    No, homeowners in Wyoming aren’t legally required to have homeowners insurance. However, homeowners who finance their property will likely need to meet the insurance requirements set by the mortgage lender and maintain that minimum level of insurance for as long as the lender’s name is on the deed.

    Insurance protects your investment, especially when you have coverage that includes damages from storms, accidents, or incidents like a slip and fall on your property. It can also make it more affordable to repair or replace damages.

Sources

  1. J.D. Power. "Bundle Fumble? Rising Auto Insurance Premiums are Killing Home Bundles, J.D. Power Finds." Accessed March 23, 2023
  2. A.M. Best. "AM Best Affirms Credit Ratings of State Farm Mutual Automobile Insurance Company and Most of Its Subsidiaries." Accessed March 23, 2023
  3. A.M. Best. "Amica Mutual Insurance Company." Accessed March 23, 2023
  4. Better Business Bureau. "Travelers Companies Inc.." Accessed March 23, 2023
  5. National Fire Administration. "National Fire Department Registry Search Results." Accessed March 23, 2023
  6. Wyoming Department of Transportation. "FAQ." Accessed March 23, 2023
Nick Dauk
Nick Dauk

Nick Dauk is a freelance writer specializing in business, entrepreneurship, personal finance, and travel. His work has been featured in Fox Business, BBC, The Edge, Business Insider, and Bisnow. Nick is a first-generation college graduate, having majored in Interdisciplinary Studies at the University of Central Florida. His eclectic coursework, combined with previous managerial roles in the retail and broadcast television industries, have helped him develop an interdisciplinary approach to writing.

For nearly a decade, Nick has created content for mom-and-pop businesses and global corporations. As a travel writer, his global adventures have also been featured on Inside Hook, Houston Chronicle, Culture Trip, and Matador. When he's not traveling, Nick can be found in Orlando spending time with his wife and toddler.

Chris Schafer
Edited byChris SchaferSenior Editor
Chris Schafer
Chris SchaferSenior Editor
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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Andrew Huang
Data reviewed byAndrew HuangVice President, Performance Marketing
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVice President, Performance Marketing
  • 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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