Best homeowners insurance in Wyoming for 2022

From winter blizzards to droughts that stoke wildfires, homeowners in Wyoming should be ready for anything that could cause damage to their homes and property with a solid home insurance policy. 

The average cost of homeowners insurance in Wyoming is $1,599 per year or $133 a month. This is around 16% lower than the national average of $1,899, making Wyoming an affordable state for home insurance.

However, the cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Wyoming.  

Best homeowners insurance companies in Wyoming

Of the companies we looked at, USAA has the lowest rates, with an average annual policy cost of $711 per year — a little less than half of the state average. Nationwide has the next lowest policy cost at $1,216 per year.

Policygenius analyzed thousands of quotes from the 5 largest Wyoming insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Wyoming residents to find the best homeowners insurance in Wyoming.

State Farm

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

• Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

• Get up to $1 million in personal liability coverage

• Score discounts for bundling, installing security devices, and choosing a high deductible

• File and track claims online, over the phone, in person, or through its mobile app

• High customer satisfaction and financial strength ratings

Cons

• No discounts for first-time homebuyers or going a year without a claim

Read our full State Farm home insurance review

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Why State Farm tops our best list

State Farm’s customers can get up to $1 million in personal liability coverage for that extra peace of mind, as well as other additional coverage options like equipment breakdown, water backup, and service line coverage.  Premium discounts are offered for auto and home policy bundling, choosing a high deductible, or installing security devices.

How to get a quote

Online through State Farm

Farmers

Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.

Pros

• Several discounts and unique ways to save, including claim forgiveness and declining deductibles

• 3 flexible coverage packages with varying levels of protection for most coverage and budget needs

• Offers extended and guaranteed replacement cost coverage options

• File claims online, via text, on its mobile app, or by calling its claims center

Cons

• Rates are typically more expensive

• Below-average customer satisfaction ratings

• No repair network to help you find a certified contractor or repair professional after filing a claim

Read our full Farmers home insurance review here

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Why Farmers tops our best list

Farmers offer three flexible coverage packages with customizable levels of protection that meet most coverage and budget needs. Extended and guaranteed replacement cost coverage options are also available. Customer discounts and savings include claim forgiveness and declining deductibles.

How to get a quote

Online through Farmers

USAA

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

• Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

• Base policy includes coverages that cost extra with most other companies

• Offers earthquake coverage — which is hard to come by

• Get discounted home security systems and a discount on premiums through its partnership with ADT

• Industry-best customer service and claims satisfaction ratings

Cons

• Only available to military families

• Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Read our full USAA home insurance review here

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Why USAA tops our best list

USAA’s customers enjoy discounts for zero claims, opting into e-billing, being a loyal USAA member, and more. Its base policy includes coverages that most other insurance companies charge extra for. In addition, USAA offers a discount on home security systems and a discount on premiums through its partnership with ADT.

How to get a quote

Online through USAA

Allstate

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

• Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

• 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

• Get up to 25% off your premiums when you bundle home and auto insurance

• Excellent customer service and claims satisfaction ratings

• File and track claims online or through its mobile app

Cons

• Rates are typically high compared to competitors

Read our full Allstate home insurance review

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Why Allstate tops our best list

Allstate customers benefit from many discounts, including autopay, bundling home and auto insurance (up to 25% off premiums), zero claims, and new homebuyer. Coverage add-ons include water backup, green improvement, mold protection, and coverage for roof surfaces. 

How to get a quote

Online through Policygenius and Allstate

Nationwide

Nationwide offers flexible home insurance policy options for every home type and income level. And we love its slew of discounts for everything from having a newish roof to living in a gated community.

Pros

• Offers lots of coverage add-ons, including flood and earthquake insurance

• Option to rebuild roof with stronger, safer materials after a covered loss

• Score discounts for living in a gated community, making home renovations, having a newer roof, and more

• Seamlessly submit claims online or through its mobile app

• Above-average claims satisfaction rating

Cons

• Below-average customer satisfaction ratings

• Water backup coverage is more expensive than with other insurers

Read our full Nationwide home insurance review here

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Why Nationwide tops our best list

Nationwide customers receive discounts for making home renovations, living in a gated community, having a newer roof, and more. Many coverage add-ons are available, including flood and earthquake insurance. After a covered loss, customers may opt to rebuild their roofs with stronger, safer materials.

How to get a quote

Online through Policygenius or Nationwide

Cheapest homeowners insurance companies by city in Wyoming

Looking at average home insurance costs for the 15 most popular insurers in Wyoming, we found that the cheapest homeowners insurance companies in the state are USAA, Nationwide, and State Farm.

The average USAA rate for homeowners in Laramie is $621 per year — nearly $1,000 less than the state average. Meanwhile, homeowners in the state capital of Cheyenne enjoy yearly rates of $861 with USAA for the same home insurance.

Shopping for homeowners insurance in Wyoming

Shopping for home insurance in Wyoming shouldn’t be difficult, and with help from the insurance experts at Policygenius, we can make the whole process look easy. No matter where you live in the state — from the scenic Yellowstone Park region down to the Great Plains near Cheyenne — we’ll help you find a policy that suits your home insurance needs.

In this section, we break down the average annual home insurance rates in Wyoming for different coverage and deductible levels and the cheapest and most expensive home insurance companies for those with poor credit, and dog and pool owners.

Wyoming home insurance costs by coverage amounts

Dwelling coverage is that section of your homeowners policy that pays to rebuild your home from the ground up after a covered loss. Your dwelling coverage amount should equal your home’s replacement cost — not the current market value — a figure that could be substantially different from the actual cost to rebuild.

Wyoming median home prices are in the mid-$270,000 range, so residents with dwelling coverage limits of $200,000 to $300,000 can expect to pay $93 to $133 each month for homeowners insurance.

Personal liability coverage is the portion of your home insurance policy that pays for medical, legal, or repair bills in the event you’re found legally responsible for someone’s injury or damage to their property.

Wyoming home insurance costs by deductible amount

Your deductible is the amount you’re responsible for paying to your insurance provider before they'll reimburse you for a claim. A higher deductible means lower monthly payments, but larger out-of-pocket expenses in the event of a claim. 

As you can see in the table below, Wyoming residents can save around $800 on home insurance by choosing a $2,000 deductible over the $500 option.

Home insurance discounts in Wyoming

Many insurance providers offer discounts to homeowners if their homes have certain safety features like smoke detectors, deadbolt locks, and home security systems. In Wyoming, there isn’t a large discount for these features, but the added extra peace of mind knowing your home is protected is priceless.

Home insurance companies in Wyoming for dog owners

Wyoming pet owners with certain dog breeds might pay more for home insurance than others. If you have a dog considered a “dangerous breed,” some carriers charge higher rates and could even deny you coverage for your home if you own one.

With an average rate of $711 per year, USAA has the cheapest home insurance rates in Wyoming for a home with a dangerous dog breed, while Allstate’s average yearly rate is almost $2,500.

Home insurance companies in Wyoming for poor credit

A few late or missed payments on your mortgage or credit cards can take a toll on your credit score, leading to higher home insurance rates. Some insurance companies consider a poor credit score to be an indicator of risky behavior and charge higher rates to offset that risk.

With an average rate of $1,425 per year, Nationwide has the cheapest home insurance rates in Wyoming for a homeowner with poor credit. Meanwhile, USAA’s rates are the highest of the providers we analyzed, with a $6,580 average policy cost.

Home insurance companies in Wyoming for pool owners

Wyoming homeowners looking to add a swimming pool to their property should know that their home insurance rates might increase because of the increased risk. Some providers consider swimming pools as a liability risk, meaning there’s a greater chance of liability claims. 

With an average rate of $711 per year, USAA has the cheapest home insurance rates for Wyoming homes that have a swimming pool, while Allstate has the most expensive rates at $2,443 per year.

How to buy homeowners insurance in Wyoming

When shopping for home insurance in Wyoming, homeowners should choose a company they can trust when it matters the most. The insurance experts at Policygenius can help you find affordable quotes from reputable companies that work within your budget.

1. Reach out to a licensed Policygenius agent. Our team of insurance experts is ready to listen to your needs and find coverage options that work for you — at no cost or obligation to you. 

2. Ask if you should purchase flood or wildfire coverage. If you are near a region where wildfires are common in Wyoming, talk to a Policygenius agent about adding extra dwelling coverage to your policy.

3. Figure out whether a $500, $1,000, or $2,000 deductible works best for you. A higher deductible means you’ll pay lower rates, but a larger chunk when it comes time to file a claim. A Policygenius agent can help you pick out a deductible that works within your budget.

4. Compare quotes from a Policygenius agent. Once you’ve identified your coverage needs, limits, and deductibles, a Policygenius agent will send over quotes from top companies for you to review in the comfort of your own home.

5. Sign the policy, and pay your first premium. After you’ve selected the company that works best for you, Policygenius will do all of the paperwork for you. Just sign the policy and pay your first premium.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

• Dwelling: $300,000

• Other structures: $30,000

• Personal property: $150,000

• Loss of use: $60,000

• Liability: $300,000

• Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.