Average Costs and Cheapest Homeowners Insurance Companies in Wyoming

MoneyGeek’s analysis also determined the cheapest homeowners insurance in Wyoming based on specific circumstances by reviewing thousands of quotes and calculating average rates.

For example, if you own an expensive home in Wyoming, the most affordable option is State Farm. Allied is the cheapest option for homeowners with a poor credit score as well as those who own a home with a pool.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in Wyoming.

MoneyGeek analyzed thousands of quotes for different dwelling coverages to get the cheapest homeowners insurance in Wyoming. The top companies are:

• Allied: $1,227 per year
• State Farm: $2,095 per year

In Wyoming, the dwelling coverage limit determines the cost of your insurance. The cheapest options are from:

• Cheapest for $100,000: Allied
• Cheapest for $250,000: Allied
• Cheapest for $500,000: Allied

USAA is the cheapest insurer for military members with $250,000 and $500,000 dwelling coverage and is the second cheapest for dwelling coverage of $100,000.

You can decide how much dwelling coverage you need based on the replacement cost of your home and check the table below for the best options.

In Wyoming, the baseline dwelling coverage amount is $250,000 and residents in the state pay around $1,965 per year on average for homeowners insurance. However, the average rate of your home insurance may vary substantially based on how much dwelling coverage you choose.

Wyoming residents pay around $995 per year for home insurance with a dwelling coverage limit of $100,000 and $19,554 per year for a dwelling coverage limit of $3 million. That’s a difference of $18,559.

Insurance providers determine your home insurance rates in Wyoming on factors such as the value and age of your home, roof quality, whether you have a pool or if you own an aggressive breed of dog, among other factors. If your house is in a high-crime area or has weather-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. You can use the calculator below to get a personalized quote by modifying your dwelling coverage limits, deductibles and other limits to see how they affect the rates.

Our research also involved calculating average rates for expensive homes by gathering quotes for different dwelling coverages in Wyoming and determining the cheapest insurer. For homeowners looking for a policy with a $2 million dwelling coverage limit, the top two companies based on our research are:

• State Farm: $5,889 per year
• Allied: $12,600 per year

At $6,040 per year, USAA ranks second cheapest in Wyoming. We did not include USAA in our listing because it is exclusive to members of the military and their families.

Note that insurance rates for expensive homes usually vary significantly. To know how much homeowners insurance costs in Wyoming, you can compare quotes from several providers to find the cheapest option.

MoneyGeek’s analysis also rated the most affordable homeowners insurance in Wyoming for homeowners with newer homes. These policies have $250,000 dwelling coverage and are based on houses built in 2015.

The top two picks in this category are:

• Allied: $812 per year
• Allstate: $1,575 per year

USAA is the cheapest insurer at $581 per year on average. However, it is only available to military personnel and their families.

The cost of home insurance in Wyoming depends on when your house was built. For example, a 2015 home with $250,000 coverage costs less to insure, at $1,286 per year, than the same policy for a 2000 home, at $1,965. Note that prices for older homes differ from the first section of this report due to a different ZIP code collection process.

Wyoming residents pay approximately $680 more per year to insure a house built in 2000 than one built in 2015. Insurance companies typically charge more to cover older homes because, with increased wear and tear, they require more frequent repairs.

Repairing or renovating an older home also costs more as some of the fittings may not be readily available or may be more expensive than when originally installed.

MoneyGeek reviewed thousands of quotes in Wyoming to find the cheapest insurer for homes with pools. The two most affordable companies are:

• Allied: $1,227 per year
• State Farm: $2,095 per year

Although USAA is not listed here, because of its exclusivity to military members, it is the cheapest insurance company in this case at $867 per year on average.

Insurance companies consider pools as additional structures that add value to your home. The added value and potential risk of repair or replacement costs in case of covered damage mean you’ll likely pay extra to insure your pool.

Insuring a house that has a pool usually costs more. But in Wyoming, the difference is negligible. The average cost to insure a home (with $250,000 in dwelling coverage) without a pool is $1,965 per year. With a pool, it’s approximately $1,975.

Wyoming residents with a poor credit score can find cheap home insurance using MoneyGeek’s research. After reviewing thousands of quotes, we found that the top two insurers for a baseline dwelling coverage of $250,000 are:

• Allied: $1,582 per year
• State Farm: $2,095 per year

The reason why your credit rating can impact how much you pay for home insurance is that insurance companies consider applicants with a poor credit score as a higher risk. Homeowners with a poor credit score tend to be more likely to file claims or miss payments than those with good credit.

Insurance premiums for residents of Wyoming can be very different based on your credit history. For example, the average annual home insurance premium in Wyoming for homeowners with a good credit score is $1,965, while for those with poor credit, it’s $3,419 per year. That’s a difference of approximately $1,453 per year.

How much you pay for home insurance and the cheapest option for you also depends on where you live in Wyoming.

MoneyGeek determined that Allied is the cheapest home insurance company in Cheyenne at approximately $1,227 per year, which is $738 less than the state average. Note that these figures are calculated for policies with a baseline dwelling coverage of $250,000.

Your home insurance provider will gather your basic personal details and ask you personalized questions regarding your home, such as its estimated worth, your personal possessions and if there are any extra features like a pool. Based on your responses, the insurance company can then offer you a binding quote.

You can also use MoneyGeek’s calculator to get an immediate estimate without having to provide personal details.

MoneyGeek analyzed homeowners insurance premiums from 5 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.