Homeowners insurance is needed in all states, and Wyoming has special needs that make this insurance crucial. Whether it’s snow, flood or wildfire-related damage, your home is likely going to show some wear and tear from mother nature each year, which is why working with the best home insurance companies is a must.
When shopping, read the fine print about exclusions, as Wyoming is subject to so many natural disasters each year. Also know that, exclusions aside, you’re still going to need to purchase a separate flood and earthquake policy.
Here’s everything you need to know about best Wyoming homeowners insurance companies.
Best home insurance in companies in Wyoming
We chose the best Wyoming homeowners insurance companies by analyzing how each company performed with independent rating companies such as BBB, J.D. Power and AM Best. We also looked at such things as cost, add-ons and discount options. Here are our top picks:
- Allstate: Allstate received an average score from J.D. Power, which means its customer service and satisfaction is about what you would expect with a large scale insurance provider. However, Allstate shines with its discounts and add-on options.
- Amica Mutual: Amica Mutual consistently receives top marks with J.D. Power— in fact, J.D. Power considers it number one when it comes to customer satisfaction. It comes as no surprise that the Better Business Bureau also considers the company to be an A+ provider.
- State Farm: State Farm’s financials couldn’t be any stronger (it received the highest marks possible from AM Best). This means that if there is a large scale disaster area, State Farm isn’t going to have any problems processing claims. For a state like Wyoming, this is a great thing.
- USAA: Though USAA is primarily reserved for military personnel and their family members, it deserves to be on this list for its top marks. J.D. Power considers it to be a five out of five company, and AM Best doesn’t think it could do any better either. USAA has the money to process large amounts of claims regularly.
|Provider||J.D. Power Score||AM Best Rating||BBB Rating|
|Allstate||3 out of 5||A+||A+|
|Amica Mutual||5 out of 5||A+||A+|
|State Farm||3 out of 5||A++||A|
|USAA||5 out of 5||A++||NA|
Average homeowners insurance cost in Wyoming
We got some insurance quotes to give you an idea of what you might pay for homeowners insurance in Wyoming. For a $350,000 house in Wyoming with a minimum of $300,000 in liability, here’s how Wyoming home insurance companies compare:
The Insurance Information Institute reports that the average cost of home insurance in Wyoming is $1,156, which puts Wyoming middle of the road compared to the rest of the states (25th to be exact). It also puts it right in line with neighboring states. Here’s how Wyoming compares:
|State||Average cost of Home Insurance|
Most states deal with the same natural disasters every year, which is why their costs are nearly the same. Only Utah and Idaho dramatically differ.
Home insurance coverage options in Wyoming
As a homeowner in Wyoming, you will want to strongly consider the following coverage options to protect yourself from common hazards in the state.
Flood insurance is offered through the U.S. government via its website FloodSmart. You may see your insurance provider offering it, but it is most likely acting as a liaison to the National Flood Insurance Program.
Earthquake insurance usually has to be purchased as a separate policy; however, your main homeowners insurance company will likely offer it to you. Considering that most of Wyoming is on one fault line or another, this is much needed.
Unlike earthquake and flood insurance, sinkhole insurance is an endorsement/ add-on that you can add to an existing policy. Sinkholes occur randomly throughout much of Wyoming, so this one is definitely recommended.
If you have a shed, garage, greenhouse, tiny home, barn or even some nice fencing, you may consider purchasing another structures add-on. Any wildfire that might damage your home will also damage other buildings or structures you have on your property.
Common causes of home insurance losses in Wyoming
Wyoming is one of the most beautiful states in the country, but it does come with a cost as it is host to numerous natural disasters each year:
- Flooding: Much of Wyoming is subject to floods, so many claims each year revolve around water damage from severe storms or melting ice and snow.
- Earthquakes: Wyoming also has a lot of earthquakes each year because of numerous fault lines in the state. On average the state gets about 2,500 tremors each year. Some of them are severe.
- Wildfires: Wyoming averages about 700 wildfires each year. Though the state gets a lot of rainfall, it does undergo periods of drought as well, which is why wildfires are so constant.
- Tornadoes and severe storms: Wyoming does get much in regards to hurricanes but it does get about 19 tornadoes each year, as well as numerous winter, spring and summer severe storms. In fact, Wyoming averages about 99 days a year of precipitation.
- Sinkholes and landslides: Lastly, Wyoming is also subject to sinkholes and landslides because of its unique geology. Much of the state is quite hilly and there are a lot of fault lines throughout, making it a state that is constantly in a state of change.
Make sure your policy can cover these kinds of problems.
Frequently asked questions
What is the best homeowners insurance in Wyoming?
Amica Mutual is the best homeowners insurance company in Wyoming. It has an extremely high customer satisfaction rating and offers a range of coverage options. However, the company that is best for you may depend on your circumstances. Get several quotes and compare options to find the best fit.
How do I get homeowners insurance in Wyoming?
The best thing to do is to call around and compare rates and coverage options. Companies offer different premiums because they weigh criteria differently. For example, one company may weigh your credit score a lot more than another. Once you’ve narrowed down your choices, look at coverage options and exclusions. You’ll likely end up with a few that are similar. Should this happen, make the final choice by looking at a company’s J.D. Power score and AM Best rating.
What is the average cost of homeowners insurance in Wyoming?
According to the Insurance Information Institute, Wyoming is the 25th most expensive state for homeowners insurance. The average cost homeowners pay each year for homeowners insurance is $1,156.
Do I need flood insurance if I live in Wyoming?
For much of the state, it is necessary. However, it may not be depending on where you intend to buy. That said, we suggest erring on the side of caution, but it might be in your best interest to input your home’s address into FEMA’s flood map to see if it is in a known risk area.