Home insurance covers so much more than damages from storms. The right policy can protect you from liability if someone is injured on your property and cover your belongings in case of fire or theft. MoneyGeek’s research compares the top insurance companies in Wyoming based on several factors to help homeowners determine not only the best coverage options, but also lets you compare prices. MoneyGeek can help you find the right protection for your biggest investment — from fix-er-uppers to high-value homes, homes with pools, and even homeowners with bad credit.
The Best Homeowners Insurance Companies and Cheapest Quotes in Wyoming for 2022
The 5 Best Homeowners Insurance Companies in Wyoming
It’s good to get cheap homeowners insurance in Wyoming, but you could also consider other elements, apart from cost, to find a suitable plan for your needs. A smart idea would be to compare each carrier’s ability to pay claims, coverage options and customer support features. Then you can select the company that aligns with your needs and expectations based on those factors.
To aid you in picking the best homeowners insurance in Wyoming, MoneyGeek ranked the leading five firms using these performance metrics: the company’s ability to pay claims based on AM Best’s financial stability rating, J.D. Power customer satisfaction scores and the rates of the company’s packages in the state.
USAA's homeowners insurance includes coverage for dwelling, personal belongings, home-sharing, earthquake, loss of use, personal liability, other structures and military uniform. USAA also offers liability coverage, which can pay your legal expenses if a person who suffers an injury on your property decides to take legal action against you.
Allied's standard homeowners insurance policy includes dwelling coverage, personal liability coverage and personal property coverage. The standard package also incorporates additional living expenses, replacement of trees and other landscape features, forgery and fraud coverage, debris removal and fire department charges. This coverage can pay for losses due to sudden and accidental events like freezing damage, hail and windstorms, fire and lightning, smoke damage and theft.
State Farm's home insurance policies typically cover weather damage, including wind, storms, lightning, hail, ice, freezing, sleet or snow. Its policies also cover other damages, such as aircraft and riots, vandalism, theft, vehicles, and accidents from malfunctioning plumbing or electrical systems. State Farm offers rebates such as home alert protection, multiple lines, higher deductibles and roofing discounts.Read MoneyGeek's State Farm home Insurance Review
Foremost offers two home insurance policies: Foremost Classic ACV for older residences that are not eligible for replacement cost coverage and Foremost Classic CL, which offers more comprehensive coverage. Foremost Classic ACV covers personal property, actual cash value dwelling and other structures, as well as optional replacement costs for personal belongings. Foremost Classic CL covers replacement cost dwelling and other structures as well as actual cash value for personal belongings. In addition, the policy offers optional coverage for replacement cost for personal belongings, additional living expenses, extended replacement cost, business property and protection for furs, watches and jewelry.
Allstate presents standard homeowner coverage, including dwelling, liability and personal property, as well as additional options such as reimbursement for eco-friendly renovations, water backup, identity theft and more. Additional coverage features include a personal umbrella policy if you reach your plan's limit, HostAdvantage for people who share homes and flood insurance for storm-prone regions.Read MoneyGeek's Allstate home Insurance Review
What Is the Average Cost of Homeowners Insurance in Wyoming?
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Carriers estimate homeowners insurance in Wyoming based on factors like home value, crime rate and exposure to risks like natural calamities, among other considerations. Wyoming homeowners insurance rates are an average of $1,965 per year for a dwelling coverage baseline amount of $250,000. This average yearly price is 6.5% less than the U.S. average of $2,103.
Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Wyoming
Insurance providers determine your homeowners insurance rates in Wyoming on factors such as your property’s dwelling value, age, roof quality, presence of a pool and having an aggressive breed, among other factors. If your house is in a region with exposure to weather- or crime-related risks, your home insurance costs may be higher. Finding the best homeowners insurance for you and your circumstances may require a lot of research, but it is worthwhile when it comes to protecting your home.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Cheapest Homeowners Insurance Quotes in Wyoming
For cheap homeowners insurance in Wyoming, a good option is Allied, with an average annual rate of $1,227 for an average dwelling cost of $250,000. This average yearly premium is about $738, or 37.6%, cheaper than the state average. Dwelling coverage of $250,000 can pay for repair costs if a covered event, such as flood and fire, damages your residence. To get the best policy for your property and budget, you can compare homeowners insurance quotes.
Cheapest Homeowners Insurance by Dwelling Coverage
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Best Cheap Homeowners Insurance Companies for Expensive Homes
State Farm is the ideal option for best home insurance in Wyoming for a $2 million residence. Its average price is $5,889 per year, which is more affordable than the average annual rate of $21,877 offered by Foremost, the costliest carrier in the state. Therefore, it’s wise to get quotes from multiple companies and select the best one for your budget and home needs.
Cheapest Homeowners Insurance Companies for High-Value Homes
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Best Homeowners Insurance Companies if You Have a Pool
For pool houses with an average dwelling cost of $250,000, USAA presents the best homeowners insurance in Wyoming, with an average yearly cost of $867. But this company only serves military personnel and their families. The next most affordable option is Allied, with an average annual premium of $1,227. You might want to check with your provider if it covers pool repair costs for damages from a weather-related event.
Cheapest Homeowners Insurance for Pool Home
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Cheapest Home Insurance in Wyoming if You Have Poor Credit
In Wyoming, your credit score is one of the factors used by home insurance companies to determine your premium. You can raise your credit score by keeping a low level of debt and making credit card payments on time. Boosting your credit score can reduce your home insurance rates. For people with poor credit, Allied presents the cheapest home insurance price in Wyoming, with an average annual premium of $1,582 for a dwelling coverage baseline amount of $250,000.
Cheapest Homeowners Insurance for Poor Credit
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How to Get Homeowners Insurance Quotes in Wyoming
Your home insurance provider will gather your basic personal details and ask you personalized questions regarding your home, such as the estimated worth of your house, your possessions and any extra features like a pool. Based on your responses, the insurance carrier can offer you tailored home insurance quotes in Wyoming.
Other Considerations for Homeowners Insurance in Wyoming
Carriers decide your homeowners insurance cost in Wyoming based on elements like the average home value, weather risks and crime rate in your area. If your residence is in a region with exposure to hazardous weather conditions, you can prepare for emergencies beforehand.
Wyoming ranks 24th in the U.S. for home value, with an average house price of $250,890. In terms of the property crime rate per 100,000, Wyoming ranks 35th. According to FBI statistics, there were 10,313 property crimes and 1,226 violent crimes in the state in 2018.
MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Wyoming that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Wyoming. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.
About the Author
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- Insurance Information Institute. "Facts + Statistics: Wildfires." Accessed July 27, 2020.
- J.D. Power. "Homeowners’ Satisfaction with Property Claims Reaches Record High as Insurers Focus on Relationship Management, J.D. Power Finds." Accessed July 10, 2020.
- Verisk. "Wildfire Risk Analysis." Accessed July 10, 2020.