Home insurance in Wyoming costs about $147 monthly, or $1,765 annually on average. Wyoming homeowners pay $72 less per month, making it the fifth most expensive state for home insurance.
Average Home Insurance Cost in Wyoming
Updated: May 29, 2025
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Rates updated:
Jun 06, 2025
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Key Takeaways
Home insurance costs in Wyoming range from $1,492 per year to well over $12,749, depending on your financial history, home details, coverage chosen, and provider.
Wyoming's home insurance premiums are the 5th most expensive in the country, at 33% over the national average.
To find the best home insurance in Wyoming, determine your coverage needs, research providers and costs, and gather multiple quotes.
How Much Is Home Insurance in Wyoming?
| $147 | $1,765 | Wyoming Average | -33% |
| $220 | $2,635 | National Average | 0% |
*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.
Why Is Home Insurance so Expensive in Wyoming?
Home insurance is expensive in Wyoming mainly because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail:
Rising Claims
An increase in insurance claims often indicates higher risks or more frequent losses. Insurers may raise premiums to cover the anticipated costs of future claims.
High Weather Risks
Areas with greater exposure to severe weather, such as hurricanes or wildfires, typically face higher home insurance costs due to the increased likelihood of damage.
Rising Material and Labor Costs
When the cost to repair or rebuild homes goes up due to pricier materials or labor, insurance companies may increase premiums to ensure coverage limits are adequate.
State Insurance Laws
State-specific insurance regulations can affect how insurers calculate premiums. Stricter requirements or mandated coverages can lead to higher insurance costs.
What Affects Wyoming Home Insurance Costs?
Like many home insurance providers, no matter the state, pricing is mostly shaped by these factors:
- Location
- Coverage chosen
- Home build details
- Provider chosen
- Credit
- Claims history
Next, we'll explore how each factor impacts rates in Wyoming.
How Much Does Coverage Affect Home Insurance Costs?
Coverage choices are the second most influential factor in Wyoming home insurance rates, averaging from $769 to $7,479 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs. Understanding these factors can help residents make informed decisions about their home insurance coverage.
| Lowest | $100K Dwelling / $50K Personal Property / $100K Liability | 2000 | $64 | $769 |
| Highest | $1MM Dwelling / $500K Personal Property / $1MM Liability | 500 | $623 | $7,479 |
How Much Do Home Details Affect Home Insurance Costs?
Home details like age, construction materials and roof type are the third most influential factor in Wyoming homeowners insurance rates, averaging from $59 to $155 per month. These factors affect replacement costs and the risk of damage or theft, leading to significant rate differences.
| Lowest | New | Superior | Tile | $59 | $710 |
| Highest | Old | Frame | Shake-Treated | $155 | $1,865 |
How Much Does the Provider You Choose Affect Home Insurance Costs?
Your choice of insurer is the fourth most influential factor in Wyoming home insurance rates, with prices ranging from 37% below to 48% above the state average.
| Lowest | AMCO Insurance | $90 | $1,075 |
| Highest | Allstate | $211 | $2,530 |
How Much Does Credit Affect Home Insurance Costs?
A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 48%, with annual average rates ranging from $1,432 to $3,149.
| Lowest | Excellent | $119 | $1,432 |
| Highest | Poor | $262 | $3,149 |
How Much Does Claims History Affect Home Insurance Costs?
Filing more claims will increase your perceived risk for insurers, which can increase premiums, although in Wyoming, claims history has a smaller impact on cost than other factors. We found that depending on your claims history, rates can be affected by up to 17% or $693 annually.
| Lowest | Claim free for 5+ years | $142 | $1,704 |
| Highest | 2 claims in past 5 years | $200 | $2,397 |
Tips to Save on Wyoming Home Insurance
High home insurance costs in Wyoming make it crucial to find savings, whether you're buying a new home or cutting expenses on your current one. Below are tips to help you secure the best and cheapest home insurance in Wyoming tailored to your needs.
- 1
Find How Much Coverage You Need Beforehand
Determining how much home insurance you need before buying allows you to frame how you search for coverage and avoid being oversold by agents. In addition to standard coverage options, consider if you need add-ons to protect any additional items you own. More on determining how much home insurance you need, and explore standard coverage options.
- 2
Research Costs and Discounts Beforehand
Understand the average costs for you and your home to ensure you're getting a good deal. Agents often have discounts available, but some require you to ask directly. Learn more about average costs for you.
- 3
Compare Multiple Providers Through Different Avenues
By comparing insurers 'apples to apples,' you can find coverage that suits your needs best. Use methods like online comparison sites, brokers, provider websites, and agents to get varied quotes.
- 4
Consider Bundling Policies
Bundling policies can lead to significant savings. For example, combining home and auto insurance in your area can save you a notable percentage on home insurance and substantial yearly savings on both. Check out details on combining home and auto insurance
- 5
Reduce Your Personal Risk Profile
Improving your home's safety features like adding storm shutters or security systems can lower your premiums. Additionally, a better credit score can also decrease your premiums significantly; for instance, migrating from a fair to good credit score might save around 28% on average.
- 6
See if You Are Eligible for State Programs
Some state programs can help residents who are denied traditional coverage find affordable options. For example, certain plans can meet mortgage requirements even if they don't match the coverage of standard policies.
Wyoming Home Insurance Calculator: Bottom Line
Home insurance costs vary, mainly by where you live and how much coverage you get. To find affordable rates, look into your insurance needs and typical costs, then try our estimate tool for the best price.
Homeowners Calculator Insurance Wyoming: FAQ
Home insurance in Wyoming depends on several factors. MoneyGeek helps you estimate your costs by answering common questions. Compare rates to find the most affordable option for your needs.
How much does homeowners insurance cost in Wyoming?
Wyoming's average monthly home insurance cost is $147 for a dwelling coverage of $250K. However, your rate will depend on factors like your credit score, liability and property coverage limits and deductible.
How do I know how much dwelling coverage to get?
Homeowners can estimate their required dwelling coverage by calculating the cost to replace their home after damage, often with help from an appraiser. While this study uses a baseline coverage of $250,000, you can use the MoneyGeek homeowners insurance calculator to determine the optimal coverage limit for your situation.
What factors affect home insurance costs the most?
The biggest factors affecting home insurance costs are your location, chosen coverage level, and provider. Your credit score and home details also play a crucial role.
How We Determined Our Wyoming Home Insurance Estimates
When determining the average cost of home insurance in Wyoming, we used a base profile for a simple estimate consistent with the following:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- Home Built Year: 2000
- Construction type: Frame
- Roof type: Composition
- $1,000 deductible
- No claims in the past 5+ years
- Fire protection level of 3
However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.