How Much Is Flood Insurance in Wyoming? Average Flood Insurance Cost and Coverage

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ByMark Fitzpatrick
Edited byKathryn Schroeder
ByMark Fitzpatrick
Edited byKathryn Schroeder

Updated: May 22, 2024

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You usually don’t have coverage against flood damage with a homeowners or renters insurance policy. A separate flood insurance policy provides essential coverage against floods.

Since October 2021, insurance rates have been calculated using Risk Rating 2.0, which analyzes various factors besides your location to determine the premium. These factors include your home’s dwelling structure, elevation, replacement and repair costs, coverage type and policy deductible.

While Wyoming doesn’t have multiple high-risk flood zones, buying a policy is still beneficial as any property is vulnerable to flooding. The Federal Emergency Management Agency (FEMA) states that even an inch of water can cause damages of up to $25,000.

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Homeowners and renters insurance policies usually won't cover damages due to flooding, making it necessary to purchase a flood insurance policy.

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The average cost of flood insurance in Wyoming is $1,066 per year.

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While your home’s dwelling structure, elevation and other details affect your premium, location also plays an important role in Wyoming.

Average Cost of Flood Insurance in Wyoming

In Wyoming, a flood insurance policy costs an average of $1,066 per year. However, your average cost might differ since factors like individual property risks or whether you live in a flood-prone area affect the premium. Living in a moderate-risk or high-risk flood zone means you have to pay higher costs.

Average Cost of Flood Insurance by County in Wyoming

There may be multiple flood-prone areas in Wyoming, which is why the cost of a flood insurance policy in the state is more than the national average.

MoneyGeek found that Niobrara County in Wyoming has the cheapest flood insurance policy, costing an average of $450 annually. On the other hand, Sweetwater County is the most expensive for flood insurance, at around $2,187 per year.

See the list below for the average cost of flood insurance by county in Wyoming.

Wyoming Flood Insurance Cost per County
ALBANY COUNTYAverage Cost$1,088
BIG HORN COUNTYAverage Cost$1,223
CARBON COUNTYAverage Cost$1,270
CROOK COUNTYAverage Cost$503
FREMONT COUNTYAverage Cost$983
GOSHEN COUNTYAverage Cost$1,911

Companies That Offer Flood Insurance in Wyoming

The NFIP is an excellent option for flood insurance; however, you can purchase a policy from private insurance companies. These companies may offer you a base policy (same as NFIP) or an excess policy that includes supplemental coverage. You may benefit the most from private insurers if your household isn’t in an NFIP community or you find its coverage insufficient.

Private Flood Insurance Providers in WY and Their Contact Numbers

Neptune Flood


Aon Private Flood


Hiscox - FloodPlus


FloodSimple Insurance Services




The insurance companies partnered with the NFIP are also great options for flood insurance. MoneyGeek compiled the list of such companies in the table below.

NFIP-Participating Flood Insurance Providers in State and Their Contact Numbers

Allstate Insurance Company

(800) 527-2634

American Nat. Prop. & Casualty

(417) 887-4990


(800) 423-4403

Farmers Insurance Group

(866) 865-2965

Hartford Fire Insurance Co.

(860) 547-7440

Hartford Underwriters Ins. Co.

(800) 296-7542

Homesite Insurance Company

(800) 466-3748

Liberty Mutual Fire Insurance Company

(800) 283-6033

How to Purchase Flood Insurance and Its Coverage Requirements

It’s not difficult to get a flood insurance policy as there are no special requirements for it. To purchase a policy, you need to call your home insurance agent or the NFIP hotline at 877-336-2627. You can also buy flood insurance from a different provider; however, you need to do it as soon as possible, as private insurers can have a 10-day waiting period, and the NFIP has a 30-day waiting period. It’s best to contact your provider for confirmation.

What Does Flood Insurance Cover in Wyoming?

A flood insurance policy typically covers damages to building structures and contents, which is essential, as even an inch of water can cause up to $25,000 worth of damages.

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A flood insurance policy only covers you against flooding due to a natural weather event. You won't have coverage from flooding due to broken pipes, leaking appliances or other unnatural causes.

Before buying a flood policy in Wyoming, understand that it won’t cover you against damages to a swimming pool, decks, patios, landscaping, cash and paperwork, basement items or your vehicle. It’s best to buy comprehensive insurance for coverage on a vehicle.

Flood Insurance Building Coverage

If a covered peril damages your home’s physical structure, building coverage pays for its repair or replacement. The NFIP offers building coverage of up to $250,000. With this flood insurance coverage, you can cover the following things:

  • Foundation walls
  • Electrical systems
  • Plumbing systems
  • Furnaces, central heating and air conditioning
  • Built-in appliances
  • Permanent carpets
  • Built-in-furniture

Flood Insurance Contents Coverage

Contents coverage ensures compensation in case of any damage to your personal belongings due to a covered peril. You can get flood insurance contents coverage worth up to $100,000 through the NFIP, and it can cover the following items:

  • Clothing
  • Furniture
  • Electronic equipment
  • Washers and dryers
  • Artwork

Factors That Affect Flood Insurance Costs in Wyoming

Before October 2021, your location was the only factor that significantly impacted flood insurance rates. Based on a flood map, the insurers determined whether you were based in a flood zone or not. You can use FEMA's online tool to know Wyoming's historical flood risk.

MoneyGeek's analysis shows that Laramie County in Wyoming has had the most flooding events; a policy in this county costs an average of $1,281 per year. On the other hand, Uinta County has had only one occurrence of a flood; it costs $1,002 per year for flood insurance there.

Risk Rating 2.0

FEMA introduced the Risk Rating 2.0 system in October 2021. It’s a relatively fair system for determining a flood insurance premium since it doesn’t solely rely on location and considers various individual property risks, including foundation type, dwelling structure, elevation, replacement and repair costs. However, your general location still significantly impacts your monthly premium.

See the table below for a list of essential factors that affect flood insurance costs in Wyoming.

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    Flood Risk

    Based on the Risk Rating 2.0 system, the flood risk is analyzed on an individual basis, which means that your flood risk might differ from your neighbor's flood risk. Plus, if you live in a high or moderate flood-risk area, you pay more than a homeowner in a low-risk area.

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    Coverage Type

    Your flood insurance rates might differ depending on the amount and type of coverage you select. Your available options will be based on your location.

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    The deductible you choose affects your premium. You will pay a lower premium if you get a policy with a higher deductible. Remember, you are responsible for paying the deductible when filing a claim.

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    Age of Structure

    If your home’s structure is old, your flood insurance cost may be higher.

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    Structure Design

    Your home’s structure design and the materials used influence your flood insurance costs.

Do You Need Flood Insurance in Wyoming?

Every property is vulnerable to flooding, which makes it essential to have a flood insurance policy. It not only offers protection against flood damage but also peace of mind.

If you live in a high-risk flood zone, government-backed mortgages and lenders will make it mandatory to have a policy. Even if that’s not the case, FEMA still recommends having flood insurance as it offers an added layer of protection. You should also know that most homeowners and renters insurance policies do not provide coverage against flood damage.

The insurer will settle your claim without a presidential disaster declaration if you have a flood insurance policy. While the federal disaster assistance is not more than $5,000, a flood insurance policy can offer you much more compensation.

Frequently Asked Questions About Wyoming Flood Insurance

MoneyGeek answered the following frequently asked questions to help you understand the essential details of a flood insurance policy in Wyoming.

What is the average cost of flood insurance in Wyoming?
Which companies offer flood insurance in Wyoming?
What kind of damage does flood insurance cover?
What affects flood insurance rates in Wyoming?

About Mark Fitzpatrick

Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.