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Best homeowners insurance in Wyoming for 2024

Based on Bankrate's analysis, USAA, Allstate and State Farm offer some of the best home insurance in Wyoming.

Updated Feb 16, 2024
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Quick Facts
Moneybag
$382/year
average savings through Bankrate
Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
Circle Check
100% of homes
need insurance before getting a mortgage
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Compare the best homeowners insurance companies in Wyoming

Per data sourced from Quadrant Information Services, Wyoming homeowners pay an average of $1,044 annually, or about $87 a month, for $250K in dwelling coverage. This is 41 percent less than the national average of $1,759 per year. It's also considerably less than neighboring states. Montana's average rate, for example, is $2,172, while residents of Colorado pay an average of $3,212.

While cost is important, it's not the only factor to consider when looking for the best homeowners insurance in Wyoming. Bankrate explored the major carriers operating in the state, assessing their coverage and discount options, as well as their customer satisfaction ratings from J.D. Power and financial strength ratings from AM Best. Finally, we reviewed the companies’ websites and mobile apps to see which ones make it easy to do business online. USAA, Allstate and State Farm consistently ranked highest.

Insurance company J.D. Power Average monthly premium Average annual premium
881
/1,000
N/A
N/A
Get a quote
809
/1,000
$140
$1,676
Get a quote
829
/1,000
$102
$1,222
Read review
*USAA not officially ranked by J.D. Power due to eligibility restrictions **Premiums are for $250K in dwelling coverage
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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Bankrate's trusted insurance industry expertise

Read our full methodology

The home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.

46

years of industry expertise

122

carriers reviewed

20.7K

ZIP codes examined

1.2M

quotes analyzed

The top 3 home insurance companies in Wyoming

Best for military-focused coverage

4.7

Rating: 4.7 stars out of 5

Avg. premium for $250K dwelling

Not available

Avg. premium for $250K dwelling

Not available

Customer satisfaction

881/1,000

Best for digital tools

4.2

Rating: 4.2 stars out of 5

Avg. premium for $250K dwelling

$101/mo

Avg. premium for $250K dwelling

$1,213/yr

Customer satisfaction

809/1,000

Best for local agents

4.2

Rating: 4.2 stars out of 5

Avg. premium for $250K dwelling

$131/mo

Avg. premium for $250K dwelling

$1,577/yr

Customer satisfaction

829/1,000

Additional Wyoming home insurance companies to consider

Nationwide

Nationwide

Who this may be best for

Homeowners who prefer various coverage options

Nationwide may be a good option for homeowners who want all their insurance with one provider and benefit from a bundling discount, from auto and home to pet and life insurance, Nationwide has a policy for everyone. Along with water backup and service line coverage, Nationwide also has optional endorsements to cover identity theft and high-valued personal property. Read Bankrate’s comprehensive Nationwide insurance review to learn more about its coverage options and discounts. 

Plymouth Rock

Plymouth Rock

Who this may be best for

Homeowners who prefer straightforward coverage at reasonable pricing

Plymouth Rock offers standard home insurance in Wyoming, but has several endorsements for homeowners who need additional coverage. Pet insurance, cyber insurance and home system breakdown are just a few of the available options. To learn more, read Bankrate's Plymouth Rock insurance review

The Hartford

The Hartford

Who this may be best for

AARP members and homeowners who find value in customer service

The Hartford offers home insurance to both AARP and non-AARP members, however AARP members earn an additional discount. Aside from homeowners over age 50, The Hartford may be a good choice for customers who value quality customer service and prefer agent interaction over a digital experience. Additional coverage options for Wyoming homeowners include umbrella insurance, pet insurance and business insurance. Read Bankrate’s The Hartford insurance review for more information on its products and services. 

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Finding cheap home insurance in Wyoming

Wyoming home insurance is among the most affordable in the nation, largely due to the fact that residents of the state don’t face the same insurance availability and risk challenges many other Western states do. However, Wyoming is projected to experience record-breaking wildfires over the next 50 years, so securing affordable rates could be more difficult down the road. Back to top Caret Up

Cheapest home insurance companies in Wyoming

Inflation has caused Americans to look for ways to save money in every possible avenue of their lives. Learning about the cheapest home insurance companies in Wyoming can help you find money to put towards other of life’s monthly expenses. Below are the insurance companies with the cheapest average home insurance costs in Wyoming.

Carrier Monthly premium for $250k coverage Annual premium for $250k coverage Savings vs state avg. for $250k coverage
$101
$1,213
+ $169
$131
$1,577
+ $533
*Based on $250K in dwelling coverage

How to get cheap Wyoming home insurance

 

  • Keep your roof in good repair: Insurers are likely to ask about the age of your roof when providing quotes. Since older roofs can be the cause of high-cost claims, insurers may reward policyholders who have newer roofs with a significant premium discount. You may also earn a discount from your insurer if your roof is made of storm-resistant materials.
  • Shop around: Don't settle for the first price you receive; compare quotes from several insurers to see which company gives you the best rate. Just be sure to ask for the same coverage options from each company so it's an apples-to-apples comparison.
  • Work on your credit score: A high credit score tells your insurer that you have a documented history of paying your bills in full and on time, which is likely to earn you a favorable rate. If you have a low credit score, your insurer may question your financial responsibility. To protect themselves, they may charge you more.
  •  Bundling: Most insurers offer the opportunity to save money by purchasing more than one policy from them. Most commonly, this will mean homeowners and car insurance, but check with your insurer if you are interested in other insurance products, too.

Best home insurance discounts in Wyoming

While bundling discounts are the most common way to save money on home insurance in Wyoming, many companies offer several other discount opportunities. Here are a few that are worth asking your insurance agent about:

Insurance carriers may offer you a discount if you have anything that lowers risk on your property, such as a smoke detector, sprinkler system or theft protection device.
Some insurers offer a discount to those who plan ahead. If you request a quote 10 or more days before you need the policy to go into effect, you could earn a small discount.
Did you just buy your home? If you're a new homeowner, let your insurer know and you may qualify for a lower rate.
Something as simple as agreeing to receive your policy documents online rather than by mail may be enough to earn a discount.
If you are able to pay your entire year's premium upfront, you might save on your policy.

How to save on home insurance policy renewals in Wyoming

Wyoming homeowners tend to pay much less than the national average in homeowners insurance. However, there are some savvy ways to save money on your Wyoming home insurance costs without sacrificing coverage. If you are concerned about your renewal premium, here are a few strategies to consider:  

    1. Maintain your home: A well-maintained home can lower your risk of small claims and reduce the likelihood of a small claim turning into a bigger one. For example, annual roof and chimney inspections can alert you to repair trouble spots before the severe hail and winter storms common to Wyoming’s climate can turn it into a costly claim.   
    2. Mitigate your risks: Simple acts like clearing out gutters and building a defensible space around your home, which includes removing dry debris, can mitigate your risk of wildfires impacting your property.
    3. Minimize your claims: Home insurance is a backup plan for when repairs from covered perils are cost-prohibitive. Filing too many claims will increase your insurance premium and potentially cause your policy to nonrenew.
    4. Ask about discounts: New discounts can become available without your knowledge. Conduct an annual check-up with your insurance agent to review your policy coverages and learn about new discount opportunities.
    5. Shop your policy early: You don’t need to wait until your policy renewal to shop for a better rate. By securing a new insurance policy before the old one expires, you may be eligible for early bird or online shopping discounts. 
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Understanding home insurance costs in Wyoming

The average cost of home insurance is rising across the country and Wyoming is no exception. Climate change may increase heat and severe wind storms over the next 30 years, which, along with the rising cost of building materials and the escalating cost of reinsurance which property insurers buy and pass along to consumers, is likely to increase the rates of home insurance in most states. Back to top Caret Up

How much is home insurance in Wyoming?

Homeowners in the Equality State can expect to pay a little less than the national average for home insurance. The average cost of homeowners insurance in Wyoming is $1,044. Compared to the national average of $1,759, Wyoming is nearly $500 cheaper. However, your rate may vary depending on your home’s location within the state, size and age, the coverage you select and more.

Wyoming home insurance may be cheaper than other states because it has lower property crime and catastrophic losses. However, the state is not immune to natural disasters. Historically, parts of Wyoming have experienced flooding, wildfires, earthquakes, tornadoes and more, so experts recommend consulting an insurance professional to help select the best home insurance policy for your individual circumstances. 

Wyoming homeowners insurance rates by city

Homeowners insurance rates are based on risk. If you’re looking for the cheapest home insurance, you’ll want to take steps to limit your risk of filing a claim. However, some things are out of your control. Where you live, based on your ZIP code, can play a big role in determining your insurance rates. For example, areas with higher rates of crime or an increased prevalence of natural disasters will see higher rates on average than locations with very limited crime and mild weather.

Here are a few Wyoming cities where average home insurance premiums are well below or above the state average based on location.

  • Crowheart: $943 per year — 10 percent below state average
  • Emblem: $965 per year — 8 percent below state average
  • Hulett: $965 per year — 8 percent below state average
  • Sheridan: $970 per year — 7 percent below state average
  • Bosler: $970 per year — 7 percent below state average
  • Gillette: $1,175 per year — 13 percent above state average
  • Wright: $1,175 per year — 13 percent above state average
  • Torrington: $1,169 per year — 12 percent above state average
  • Rozet: $1,142 per year — 9 percent above state average
  • Saddlestring: $1,112 per year — 7 percent above state average
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Insuring your Wyoming home

Evaluate what each home company offers and verify that they cover the most common type of loss in your area. Certain areas in Wyoming are prone to flood, windstorm or wildfire damage, so you may need to secure additional coverage through endorsements. Working with an agent familiar with Wyoming’s natural hazards can help you avoid coverage gaps. Back to top Caret Up

What does home insurance cover in Wyoming?

The type of home insurance you select and endorsements you include determine what perils your home is insured against in Wyoming. A typical HO-3 home insurance policy in Wyoming has common exclusions that include:

  • Earthquake
  • Flooding
  • Government action
  • Neglect
  • Nuclear hazard
  • Ordinance or law
  • Power surges originating off the homeowners property
  • War

However, every insurance company can make changes to these standardized forms with their own endorsements and exclusions to enhance coverage. HO-3 policies are open perils coverage for your dwelling and other structures, meaning any type of loss is covered except for what your insurer excluded. It is common for personal property to have a different type of coverage called named perils. The 16 named perils also happen to be some of the most common types of covered insurance losses. In Wyoming, a standard home policy will typically cover damage from:

  • Fire or lightning (which covers wildfires unless excluded)
  • Vandalism or malicious mischief
  • Theft
  • Falling objects
  • Power surges
  • Damaged caused by vehicles
  • Weight of snow, ice or sleet
  • Hail or windstorms (which covers tornadoes unless excluded)
  • Freezing of a heating, plumbing, fire sprinkle, or air conditioning system or household appliance
  • Accidental water overflow or discharge from a heating, plumbing, fire sprinkler or air conditioning system or household appliance

Make sure to review your policy paperwork to learn the specifics regarding your policy. If you are unsure of what types of risk are inherent to your area, ask your licensed insurance agent for guidance. 

Additional home insurance coverage types in Wyoming

In addition to the standard coverage types that come with a homeowners policy, insurers generally offer optional coverage types, called endorsements, that you can add for more thorough coverage. But in some cases, you may need to purchase a separate policy altogether to make sure you’re financially protected in the event of certain incidents (floods are one example). Here are a few options to consider when you are choosing your insurance:

  • Personal property replacement cost: Depending on your insurer, your policy may offer either actual cash value (ACV) for your personal property or replacement cost value (RCV). With ACV coverage, your items are covered with depreciation factored in while RCV offers coverage at the current market value of the item as new. 
  • Flood insurance: Flood insurance is offered through the federally-backed National Flood Insurance Program (NFIP). The Federal Emergency Management Agency (FEMA) determines coverage and rating criteria for NFIP policies, but flood coverage is also available through many private insurers.
  • Earthquake insurance: In some high-risk areas, earthquake insurance may have to be purchased as a separate policy; however, many home insurance companies also offer it as an endorsement that can be added to your home policy. Considering there are several fault lines in Wyoming, you may want to consider this coverage.
  • Sinkhole insurance: Sinkholes occur randomly throughout much of Wyoming. Similar to earthquake insurance, sinkhole insurance may be purchased as a standalone policy or as an endorsement that you can add to an existing policy. Coverage can vary widely depending on where you live and the insurance company you choose, so if this coverage is important to you, you should examine your policy closely.
  • Increased other structures: Other structures coverage is automatically included in a standard homeowners policy, usually at a 10 percent limit of the dwelling amount. However, if you have a shed, garage, greenhouse, barn or even some nice fencing valued greater than your policy limit, you may consider increasing your coverage. It could come in handy if, say, a wildfire damages other buildings or structures you have on your property.

Related content:

Common Wyoming home insurance problems

Wyoming is a state largely free from the home insurance troubles that plague other states like Florida and California. However, due to changes in weather patterns, Wyoming homeowners should prepare for big changes. 

First Street, a nonprofit research and technology group focused on predicting climate risk, shows that up to 95 percent of all properties in Wyoming will be at some level of risk for a wildfire loss within the next 30 years. This increased risk could impact future insurance premiums. 

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze the latest rates from February, 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $250,000
  • Coverage B, Other Structures: $25,000
  • Coverage C, Personal Property: $125,000
  • Coverage D, Loss of Use: $50,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2024 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

  • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2024 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. PowerAM Best and the NAIC, were analyzed.
  • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
  • Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
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Written by
Shannon Martin
Writer, Insurance

Shannon Martin is a licensed insurance agent and Bankrate analyst with over 15 years of experience in the industry. She enjoys helping others navigate the insurance world by cutting through complex jargon and empowering readers to make strong financial decisions independently.

Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute