The Best Home Insurance in Wyoming for 2023

The average cost of homeowners insurance in Wyoming is $1,685 per year, or about $140 per month, according to a NerdWallet analysis. That’s less than the national average of $1,820 per year.

We’ve analyzed rates and companies across the state to find the best homeowners insurance in Wyoming.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state. Even if an insurer serves your state, it may not write policies for all homes in all areas.

If you’re looking to buy homeowners insurance from a well-rated national brand, consider one of these insurers from NerdWallet’s list of the Best Homeowners Insurance Companies.

State Farm is a great choice for homeowners who like to work directly with a representative, as the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.

Chubb generally serves affluent policyholders with high-value homes, offering lofty coverage limits and plenty of perks. For example, the company covers water damage from backed-up sewers and drains, and pays to bring your home up to the latest building codes during reconstruction after a claim. (Many insurers charge more for these types of coverage.)

Wyoming homeowners can also sign up for free Wildfire Defense Services. These services include personalized recommendations for protecting your home and deployment of firefighters to your house if a wildfire is approaching.

Nationwide’s standard homeowners policies include ordinance or law coverage, which pays to bring your home up to the latest building codes after a covered claim. They also include coverage for unauthorized credit or debit transactions. For an extra cost, you may be able to add coverage for things like water backup, identity theft and stronger materials to replace your roof.

The Nationwide website offers plenty of ways to manage your policy, including filing and tracking claims, paying bills and getting quotes.

USAA sells homeowners insurance to veterans, active military members and their families. If that description fits you, you may want to consider a USAA policy. That’s because the company’s homeowners insurance has certain features that other insurers may charge extra for.

For example, USAA automatically covers your personal belongings on a “replacement cost” basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy brand-new replacements for your stuff.

The average annual cost of home insurance in Wyoming is $1,685. That’s 7% less than the national average of $1,820.

In most U.S. states, including Wyoming, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Wyoming, those with poor credit pay an average of $3,110 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 85% more than those with good credit.

How much you pay for homeowners insurance in Wyoming depends on where you live. For instance, the average cost of home insurance in Cheyenne is $2,200 per year, while homeowners in Casper pay $1,920 per year, on average.

Here are the insurers we found with average annual rates below the Wyoming average of $1,685.

Homeowners shopping for insurance in Wyoming will want to ensure their policy covers common weather-related risks, like wildfire, winter storms, hail, flooding and earthquakes.

Many Wyoming homeowners underestimate the risk of wildfires. One study showed that 10% of Wyoming residents thought their properties were at high risk for fire, but the reality is closer to 50%. Especially in dry years, wildfire risk is a significant threat for some homeowners.

Standard homeowners insurance typically covers damage caused by fire, but residents of high-risk areas should read their policies closely to ensure they understand any exclusions. Pay particular attention to the dwelling coverage limit, which is how much the insurance company will pay to rebuild your house. Check with your insurer to ensure you have enough coverage to rebuild if necessary.

In 2023, Casper, Wyoming, experienced its heaviest snowstorm on record, with over 3 feet of snow. While sudden snow storms can create a winter wonderland aesthetic, homeowners have to worry about damage from frozen pipes and the weight of heavy snow, among other potential calamities.

Homeowners insurance generally covers winter storm-related damage, but some types of winter weather damage may require extra coverage. For instance, you’ll typically need a separate flood insurance policy to cover flood damage caused by snowmelt.

Spring and summer bring heavy thunderstorms to Wyoming, and with them, the potential for significant hail. Hail of any size, especially baseball-sized hail accompanying large storms, can damage roofs, siding and windows, resulting in a hefty claim to your homeowners insurance.

When reviewing your coverage, note that you may have a separate wind or hail deductible. These are often either a flat rate, such as $500, or a percent of your dwelling coverage, often between 1-5%. For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for hail or wind claims. So, if your house has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of hail damage yourself.

In Wyoming, snowmelt and heavy rains can mean flooding across the state. In those situations, homeowners should be prepared for potential damage to their homes.

Standard homeowners insurance does not cover flood damage, so homeowners in flood-prone areas may need to purchase separate flood insurance.

To find out your risk, check out the Federal Emergency Management Agency’s flood maps and RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your property is deemed low risk, it may be worthwhile to purchase flood insurance for extra peace of mind.

Remember that while you can purchase flood coverage at any time, there’s typically a 30-day waiting period before the insurance takes effect. Here’s more information about flood insurance and waiting periods.

Earthquakes are a common hazard in Wyoming, especially in the western portion of the state. Geologists anticipate future earthquakes in the state could be magnitude 6.75, which could significantly damage homes and other buildings.

It’s important to note that standard homeowners insurance policies do not typically cover structural damage caused by earthquakes. For that coverage, you’d need to buy additional earthquake insurance.

Earthquake insurance often has a separate deductible, which can be between 10% and 20% of your dwelling coverage limit. If you have a 10% deductible on $200,000 of coverage, you’d need to pay $20,000 to repair earthquake damage before your insurance covers anything.

The Wyoming Department of Insurance oversees the state’s insurance industry, including licensing insurers. Consumers can learn more about insurance on the department’s website or submit a complaint about their insurer using the online complaint form. For help, call the department toll-free at 800-438-5768 or by submitting a contact form online.