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 $1,547 per year or $129 a month. This is around 12% higher than the national average of $1,754.
Methodology & why you can trust our rates
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.
Compare the best homeowners insurance companies in Wyoming
According to our analysis, State Farm, Farmers, Nationwide, and Allstate are the best homeowners insurance companies in Wyoming.
Policygenius analyzed thousands of quotes across the state to find the average cost of homeowners insurance from each company. We then looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of the state's residents to find the best homeowners insurance in Wyoming.
Company | Average monthly cost | Policygenius rating |
|---|---|---|
$180 | 5.0 out of 5 | |
$209 | 4.8 out of 5 | |
$184 | 4.5 out of 5 | |
$170 | 4.5 out of 5 |
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is one of the best home insurance companies in Wyoming thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Big discount for bundling home and auto coverage
Cons
No discounts for first-time homebuyers
Rates are about average in Wyoming
More details
Why we chose State Farm
State Farm is one of our picks for the best home insurance in Wyoming, especially if you want to add protection to a basic policy. With State Farm homeowners can get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.
State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
How do State Farm home insurance rates compare to the Wyoming average?
The average cost of home insurance from State Farm in Wyoming is $1,545 per year, which is about the same as than the statewide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2023 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is one of the best home insurance companies in Wyoming for those who want to add coverage to their policies. Farmers also has a range of discounts and high claims satisfaction scores.
Pros and cons
Pros
Optional extended or guaranteed replacement cost dwelling coverage
Receives few complaints from policyholders and has a high claims satisfaction score
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
More expensive than average in Wyoming
More details
Why we chose Farmers
Farmers is one of the best home insurance companies in Wyoming, especially if you want to add coverage to a basic policy. Optional coverages from Farmers include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
How do Farmers home insurance rates compare to the average in Wyoming?
The average cost of Farmers home insurance in Wyoming is $2,028 per year, which is 31% more expensive than the state's average annual premium.
How to get a quote
Online through Farmers
2023 Policygenius award winner
Nationwide
4.5
Bundle home & auto
Mobile app
New homebuyer discount
Offers extended replacement cost
Why we chose it
Nationwide is one of the best home insurance companies in Wyoming for its top-rated customer service. Nationwide also offers a range of add-ons that you can use to personalize your coverage — and its rates are cheaper than average.
Pros and cons
Pros
Receives fewer complaints than average
Multiple high-quality coverage options
Rates are cheaper than average in Wyoming
Cons
Below-average digital experience ratings
More details
Why we chose Nationwide
Nationwide is one of the best home insurance companies in Wyoming for its great customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022 and receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.
We also like Nationwide's many coverage options, including guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.
How do Nationwide home insurance rates compare to the Wyoming average?
The average cost of Nationwide home insurance in Wyoming is $1,216 per year, which is 21% cheaper than the annual statewide average.
How to get a quote
Online through Policygenius or Nationwide
2023 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the top home insurance companies in Wyoming. While its rates are higher than average in the state, Allstate also offers a few add-ons that can make a basic policy stronger.
Pros and cons
Pros
Offers HostAdvantage for short-term rental coverage
Offers water backup protection, other endorsements
Cons
Beginning to pull back coverage in high-risk areas
Higher rates than average in Wyoming
More details
Why we chose Allstate
Allstate is a top home insurance company in Wyoming. We like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.
If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.
How do Allstate home insurance rates compare to the Wyoming average?
The annual average cost of Allstate home insurance in Wyoming is $2,331 per year, which is 51% more expensive than the statewide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
How much is homeowners insurance in Wyoming?
The average cost of homeowners insurance in Wyoming is $1,547 per year, or $129 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in the Cowboy State is $207 cheaper than the national average per year.
Wyoming homeowners insurance rates by city
We calculated the cost of home insurance in Wyoming's largest cities and found that Green River is the cheapest big city for homeowners insurance in the state, while Mills is the most expensive.
Here’s a look at the average cost of home insurance in the 20 largest cities in Wyoming.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Cheyenne | $153 | $1,840 | 19% |
Casper | $153 | $1,838 | 19% |
Gillette | $131 | $1,575 | 2% |
Laramie | $129 | $1,543 | 0% |
Rock Springs | $104 | $1,249 | -19% |
Sheridan | $112 | $1,343 | -13% |
Evanston | $107 | $1,280 | -17% |
Green River | $104 | $1,249 | -19% |
Riverton | $110 | $1,319 | -15% |
Jackson | $109 | $1,305 | -16% |
Cody | $114 | $1,369 | -12% |
Rawlins | $112 | $1,342 | -13% |
Lander | $108 | $1,292 | -16% |
Powell | $109 | $1,308 | -15% |
Douglas | $141 | $1,697 | 10% |
Torrington | $130 | $1,556 | 1% |
Worland | $149 | $1,788 | 16% |
Buffalo | $150 | $1,797 | 16% |
Mills | $156 | $1,875 | 21% |
Wheatland | $154 | $1,853 | 20% |
Wyoming homeowners insurance rates by coverage amount
The table below highlights the average annual premium in Wyoming for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.
Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.
Cheapest homeowners insurance companies in Wyoming
After analyzing home insurance rates in all of the state's ZIP codes, we found that the cheapest home insurance companies in Wyoming are USAA, Nationwide, and State Farm.
Company | Average annual cost |
|---|---|
$711 | |
$1,216 | |
$1,545 | |
$2,028 | |
$2,331 |
Cheapest Wyoming homeowners insurance if you have poor credit
Poor credit can be bad news when it comes to home insurance rates. Insurance companies consider a bad credit score to be an indicator of risky behavior and an increased risk of filing an insurance claim.
With an average rate of $1,423 per year, Nationwide has the cheapest home insurance rates in Wyoming for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
Nationwide | $1,423 |
State Farm | $1,597 |
Farmers | $3,257 |
Allstate | $3,259 |
USAA | $6,580 |
Cheapest Wyoming homeowners insurance if you have an older home
It can cost a lot to insure older homes. That's because they're more prone to structural damage than new homes. Older homes are also often constructed out of materials and with features that would be expensive to replace if they were damaged.
With an average annual premium of $1,491, Nationwide offers the cheapest home insurance rates in Wyoming for an older home. USAA is the cheapest if you or your family is affiliated with the military.
Company | Average annual cost |
|---|---|
USAA | $682 |
Nationwide | $1,491 |
State Farm | $1,692 |
Farmers | $2,028 |
Allstate | $2,403 |
Cheapest Wyoming homeowners insurance if you have a history of claims
If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.
With an average annual premium of $1,680, State Farm offers the cheapest home insurance rates in Wyoming if you've filed three claims within a five-year period. USAA is the cheapest if you or your family is affiliated with the military.
Company | Average annual cost |
|---|---|
USAA | $997 |
State Farm | $1,680 |
Nationwide | $2,173 |
Allstate | $3,187 |
Farmers | $3,870 |
Coverage options in Wyoming
When looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.
Before you buy homeowners insurance in Wyoming, you should be sure you're protected against the state's wildfires and wintry weather.
Wildfire insurance
Wyoming's droughts and prolonged periods of hot, dry weather can lead to strong wildfires. Fire damage is typically covered by home insurance policies, but if you live in a wildfire-prone area, your insurance company may require the following before agreeing to insure your home:
A defensible space around your home by without any flammable vegetation
Tree pruning
Raking or removing any dead leaves or brush from your roof, gutter, or yard
Installing a fire-resistant “Class A” roof
Installing dual- or triple-paned windows
If your insurance company chooses not to renew your policy because of your home's wildfire risk and you can't find coverage from another insurer, you may need to get covered by a last-resort option like a surplus lines insurance carrier.
Winter weather insurance
Wyoming's winters could bring heavy snow and fierce winds that damage your home. Fortunately, most home insurance policies cover damage from wintry weather, like windstorms, frozen pipes, collapsed roofs, and more.
That said, it's always a good idea to make sure that your home is fully protected by adding extended or guaranteed replacement cost coverage to your dwelling coverage if it's available. That way, you will have enough insurance to fully rebuild your home if it were damaged.
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.
Frequently asked questions
What is the average home insurance cost in Wyoming?
The average home insurance rate in Wyoming is about $133 a month for $300,000 in dwelling coverage. That’s about $25 less per month than the national average. Homeowners in Wyoming should have enough home insurance to rebuild their home from the ground up after a covered loss.
Is it mandatory to have home insurance in Wyoming?
Home insurance is not mandatory in Wyoming, but still a good idea to protect your home against a catastrophic loss. Additionally, some financial institutions require you to purchase home insurance before extending a home loan, as a way to protect their investment against any loss.
Why is home insurance so expensive in Wyoming?
Homeowners insurance is lower than the national average but still higher than some other states. The easiest way to lower the cost of your home insurance is by comparing quotes from reputable companies. Once you’ve researched your policy options, ask your provider about any discounts available, then the policy that works best for you.
