State Farm provides Wyoming's best affordable renters insurance. It ranks at the top for low rates in the state while offering the best customer service and coverage options.
Cheap Renters Insurance in Wyoming
Updated: May 6, 2025
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Key Takeaways
State Farm is Wyoming's best overall and cheapest renters insurance company, with annual rates starting at $165.
Wyoming renters insurance costs range from $14 to $17.
To find affordable renters insurance, determine your needs first, research costs and compare multiple quotes.
Wyoming Renters Insurance Quote Estimates
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Jun 06, 2025
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Best Cheap Renters Insurance Companies in Wyoming
| AMCO | 43 | $17 | $201 |
| State Farm | 100 | $14 | $165 |
*Rates based on good credit, no claims history, $50K property damage, $100K liability coverage, $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Wyoming
Our list covers most renters, but your ideal options may differ. Use this filterable table to find the best option for your profile in Wyoming.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| AMCO | 80 | $11 | $133 |
| State Farm | 63 | $12 | $147 |
Average Cost of Renters Insurance in Wyoming
Renters insurance costs about $12 monthly in Wyoming, $8 below the national average of $20. These rates reflect a policy with $50K personal property coverage, $100K liability limits and a $1,000 deductible, though your rates may vary based on your profile.
Use the table below to filter factors affecting renters insurance rates and find average rates for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $12 | $140 |
Wyoming Renters Insurance: Buyer's Guide
Finding the best and cheapest renters insurance in Wyoming can be challenging. This guide helps you choose coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in Wyoming
Follow these steps to find the best coverage at the lowest price:
- 1
Know your coverage needs
Determine how much insurance you need before comparing rates. List your valuable belongings and consider local risks like weather damage, crime and potential pet incidents.
- 2
Check costs and discounts
Research average prices for your situation to set a benchmark. Look for discounts you might qualify for to increase savings.
- 3
Research providers
Compare reputations, costs and coverage options from different insurers to create a focused list of potential providers.
- 4
Consider bundling
Ask about combining renters insurance with your current auto policy. Bundling often saves enough to offset most or all of your renters insurance cost.
- 5
Get multiple quotes
Compare at least five quotes with matching coverage. Use comparison websites, company sites, brokers and phone calls to find the best rates.
- 6
Review yearly
Insurance prices change often. Check rates annually to ensure you still have the most affordable coverage.
How Much Renters Insurance Do I Need in Wyoming?
Wyoming law doesn't require renters insurance, but most landlords will likely require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pets. Consider how much property you want covered, weather risks, local crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
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Clothes, shoes, bags, belts, hats, gloves, etc.
Wyoming Renter Risk Considerations
Here are risks specific to Wyoming renters and additional coverage considerations:
- Weather risks: Wyoming has a high risk of earthquakes, wildfires and winter storms in certain areas. Standard coverage may not include protection for this threat, requiring a separate purchase.
- Crime risks: Wyoming ranks 34th for property crime and 45th for identity theft and fraud nationwide. Consider add-ons and supplemental property damage coverage.
- Pet ownership: Depending on your pet, consider pet liability coverage. Check how pet coverage works with different providers and whether it's included in standard policies.
- Property types: If you have special tools, valuables, electronics or other structures like a pool that need coverage, standard policies may not suffice. Look for companies with specific add-ons for additional protection.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers property damage, liability and loss of use related to your rental. Add-on coverages can make protection more comprehensive. Common coverage types include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses and replaces personal property within your rental up to specified limits. Standard coverage reimburses actual cash value rather than purchase price, unless you have replacement cost coverage. | |
Standard | Covers you if someone gets injured on your property, including medical and legal costs, and is often required by landlords. | |
Additional living expenses | Standard | Covers expenses due to rental home loss, such as meals, lodging and transportation. Coverage is either a percentage of your personal property limits or a flat amount. |
Natural disasters | Add-on | Separate policies for earthquake and flood coverage available with select providers |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to certain amounts |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds and legal costs. May include monitoring services. |
Pet liability | Add-on | Protects against injuries caused by your pet on rental property. May be covered in standard policies. |
Modifications | Add-on | Covers non-original rental property parts, including custom additions and modifications |
Food loss | Add-on | Reimburses food lost due to covered incidents |
Best Renters Insurance in Wyoming: Bottom Line
State Farm is the best and cheapest overall renters insurance company in Wyoming. While we recommend it, research for yourself and compare multiple companies and quotes to get the best deal.
Renters Insurance in Wyoming: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Wyoming?
State Farm offers the cheapest renters insurance in Wyoming, with an average annual premium of $165 or $14 per month.
What is the best renters insurance company in Wyoming?
State Farm provides Wyoming's best renters insurance, earning a perfect MoneyGeek score of 100. It excels in affordability at $14 monthly ($165 yearly) while ranking highest in both customer satisfaction and coverage options.
How much does renters insurance cost in Wyoming?
The average cost of renters insurance in Wyoming is $140 per year or $12 per month, roughly 42% lower than the national average. Annual premiums range from $165 to $201.
Is renters insurance required in Wyoming?
Wyoming doesn't legally mandate renters insurance, but your landlord may require it. Evaluate your needs and circumstances to determine whether buying a policy is right for you. Reasons to get renters insurance include financial protection against common perils and liability costs of third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To determine the cheapest renters insurance in Wyoming, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
This determined our affordability score (60% of the total score). Other factors included company size and add-on coverage selections (10%), customer satisfaction score from industry research (25%) and financial strength ratings (5%).
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.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed May 6, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed May 6, 2025.
- SafeHome.org. "Wyoming: The Best and Worst Cities for Crime." Accessed June 6, 2025.