Best and Cheapest Home Insurance Companies in Wyoming (2024)
State Farm is the best home insurance in Wyoming for most people. Coverage from State Farm costs an average of $1,879 per year.
Compare Home Insurance Quotes in Wyoming
Best Cheap Wyoming Home Insurance
To find the best house insurance in Wyoming, ValuePenguin gathered thousands of quotes from five top insurance companies across every ZIP code in the state. Our editors ranked the best companies using customer service ratings, cost, availability and overall value.
Cheapest homeowners insurance in Wyoming
Nationwide has the cheapest home insurance rates in Wyoming.
A policy from Nationwide costs $1,361 per year for $350,000 of dwelling coverage. That's $570 per year less than the Wyoming state average of $1,932.
State Farm also offers cheaper-than-average coverage for around $1,879 per year. Although that's $518 per year more than Nationwide, State Farm has much better customer service. So the extra cost could be worth it if you ever have to file a claim.
Compare Home Insurance Quotes in Wyoming
USAA has excellent rates for homeowners in Wyoming with military ties.
A policy from USAA costs $1,462 per year for $350,000 of dwelling coverage. However, only military members, veterans and their families can get insurance from USAA.
Cheap home insurance quotes in Wyoming by dwelling coverage
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| Nationwide | $802 | |
| State Farm | $1,050 | |
| USAA* | $1,085 | |
| Farmers | $1,483 | |
| Allstate | $1,622 | |
*USAA is only available to military members, veterans and some of their family members.
$200,000
Company | Annual rate | ||
|---|---|---|---|
|
| Nationwide | $802 | |
|
| State Farm | $1,050 | |
|
| USAA* | $1,085 | |
|
| Farmers | $1,483 | |
|
| Allstate | $1,622 | |
*USAA is only available to military members, veterans and some of their family members.
$350,000
Company | Annual rate | ||
|---|---|---|---|
|
| Nationwide | $1,361 | |
|
| USAA* | $1,462 | |
|
| State Farm | $1,879 | |
|
| Farmers | $2,478 | |
|
| Allstate | $2,478 | |
*USAA is only available to military members, veterans and some of their family members.
$500,000
Company | Annual rate | ||
|---|---|---|---|
|
| USAA* | $1,885 | |
|
| Nationwide | $2,020 | |
|
| State Farm | $2,776 | |
|
| Allstate | $3,347 | |
|
| Farmers | $3,758 | |
*USAA is only available to military members, veterans and some of their family members.
$1 million
Company | Annual rate | ||
|---|---|---|---|
|
| USAA* | $3,481 | |
|
| State Farm | $3,910 | |
|
| Nationwide | $4,564 | |
|
| Allstate | $5,423 | |
|
| Farmers | $7,989 | |
*USAA is only available to military members, veterans and some of their family members.
Best Wyoming homeowners insurance for most people: State Farm
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Editor's rating
- Cost: $1,879/yr
State Farm's affordable rates and excellent customer service make it the best choice for most people in Wyoming.
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Affordable rates
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Great customer service
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Offers farm and ranch insurance
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Limited discounts
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Some people can't buy a policy online
With home insurance policies averaging $1,879 per year , State Farm is $53 cheaper than the state average. Unfortunately, State Farm only offers a few discounts to lower your rate, including bundling discounts and discounts for weather-proofing your roof.
State Farm offers a few extra insurance options that Wyoming homeowners may find helpful. One of these is its farm and ranch insurance, which protects your tools and equipment, tractors, grain and livestock. You can also customize coverage to choose which structures and property you'd like to protect.
State Farm has great customer service ratings, and homeowners are generally happy with their service.
You'll also get access to an agent to give you personalized guidance, help you file claims or ask questions about your policies. State Farm has a high rating on J.D. Power's customer satisfaction survey. It also gets fewer complaints than average, according to the NAIC.
Cheapest Wyoming quotes for most homeowners: Nationwide
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Editor's rating
- Cost: $1,361/yr
Nationwide has the cheapest home insurance rates for most Wyoming homeowners.
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Cheap quotes
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Lots of coverage add-ons
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Good online tools
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Poor customer service
At $1,361 per year , a policy from Nationwide is $570 per year cheaper than the Wyoming average. The company also has some discounts to further lower your rate. This includes discounts for bundling your home and auto insurance or remaining claim free.
Another benefit of Nationwide home insurance is the amount of coverage options. In addition to standard home insurance coverage, Nationwide offers quite a few add-ons, including:
- Better roof replacement
- Dwelling replacement cost
- Equipment protection
- Flood and earthquake insurance
- Service line coverage
Nationwide also offers convenient online tools. You can file claims, pay bills or view policy info easily from its app or website.
However, Nationwide's customer service reviews aren't great. The company earned a below-average score on J.D. Power's customer satisfaction survey. It also gets 29% more complaints than an average insurance company its size, according to the National Association of Insurance Commissioners. That means you may have to wait longer for Nationwide to pay your claim and fix damage to your home.
Best Wyoming home insurance for military: USAA
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Editor's rating
- Cost: $1,462/yr
USAA offers the best customer service in Wyoming and its standard policy includes extra coverage.
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Low rates
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Military-specific benefits
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Exceptional customer service
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Few discounts
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Not available to everyone
USAA is the best choice for Wyoming homeowners with military ties. However, USAA home insurance is only available to military personnel or their families. That means most people aren't eligible.
Most customers are very happy with the service they get from USAA. It consistently earns the highest score on J.D. Power's customer satisfaction survey. And, the company only gets around one-third as many complaints as an average company its size, according to the NAIC. That means you can count on USAA to help fix your home quickly in an emergency.
USAA's basic home insurance policy also includes more coverage than you'll get from most other companies.
For example, USAA pays to fully rebuild your home after a disaster, even if it costs more than you're insured for. This is called replacement cost coverage, and most companies charge extra to add it to your policy.
USAA also includes uniform protection if you lose or damage your military uniform or gear when on duty.
At $1,462 per year, USAA's home insurance rates are $470 per year less than the state average. While discounts are limited, the company offers basic savings for bundling your policies or remaining claim-free, for example.
Average cost of home insurance in WY
Wyoming home insurance costs an average of $1,932 per year.
That's $219 per year less than the national average of $2,151.
Dwelling coverage | Annual cost |
|---|---|
| $200,000 | $1,208 |
| $350,000 | $1,932 |
| $500,000 | $2,757 |
| $1,000,000 | $5,073 |
Home insurance in Wyoming is less expensive than neighboring Colorado, Nebraska, Montana and the Dakotas. However, it costs more than coverage in Utah and Idaho.
Wyoming home insurance quotes by city
Green River, a city in Southwestern Wyoming, has the cheapest home insurance in the state.
A policy in Green River costs around $1,513 per year for $350,000 of dwelling coverage.
The most expensive city is Carpenter, a small community east of Cheyenne. With rates averaging $2,709 per year, home insurance in Carpenter is 40% more expensive than Wyoming state average. This could be because homes in Carpenter have a high risk of wildfire damage, due to its location.
Cost of WY homeowners insurance by city
City | Annual rate | % from avg |
|---|---|---|
| Afton | $1,573 | -19% |
| Aladdin | $2,313 | 20% |
| Albin | $2,568 | 33% |
| Alcova | $2,423 | 25% |
| Alpine | $1,573 | -19% |
Rates are for a policy with $350,000 of dwelling coverage.
Best Wyoming homeowners insurance companies
USAA has the best home insurance in Wyoming because of its great customer service and low rates.
USAA has very few customer complaints compared to other companies its size, according to the NAIC. USAA also earned the tip score on J.D. Power's customer satisfaction survey. However, USAA is only available to homeowners with military ties.
State Farm is an excellent choice for homeowners who can't get insurance from USAA. It also has reliable customer service and below-average rates.
Top homeowners insurance companies in WY
Company |
Rating
|
Complaints
|
|---|---|---|
| USAA | Low | |
| State Farm | Average | |
| Nationwide | Average | |
| Allstate | Average | |
| Farmers | High |
What homeowners insurance do I need in Wyoming
Wildfires, tornadoes and hail can all damage Wyoming homes. To best protect your home, you should get very familiar with what your policy covers and choose a company you can trust.
Does Wyoming homeowners insurance cover wildfire damage?
Most basic homeowners insurance policies cover fire damage, which includes wildfires.
Unfortunately, your home insurance may not cover wildfire damage if you live in a wildfire-prone area. If your home is in danger of damage from wildfires, you may need a separate fire insurance policy.
Does Wyoming homeowners insurance cover tornado damage?
Standard home insurance policies usually cover damage caused by tornadoes, including wind, hail and lightning damage.
However, if tornadoes are very common in your area, your insurance policy may have a separate wind deductible. So, if both wind and hail damage your home, you may have to pay two deductibles.
Does Wyoming insurance pay for hail damage?
Homeowners insurance typically covers hail damage.
But there can be limits on how much a company will pay, especially in states like Wyoming with frequent hail.
For example, your home insurance may not cover hail damage if it's only dented siding or shingles. That’s considered cosmetic damage.
How to find the best home insurance in Wyoming
The best home insurance companies offer excellent customer service and useful coverage options at an affordable price. To find the best insurance for you, start by figuring out how much coverage you need. Then, compare quotes and customer service reviews from multiple companies.
Decide how much coverage you need. Most standard home insurance policies include the same basic coverage, like protection for the structure of your home and your belongings.
However, some homeowners may need to add on extra protection. For example, State Farm offers special coverage for farmers and ranchers that protects their equipment and livestock. It's important to know what coverage you need before you start gathering quotes. That way you can make an apples-to-apples comparison.
Compare quotes from multiple companies. There's a difference of more than $1,000 per year between the most and least expensive home insurance companies in Wyoming. So you could save a lot of money by shopping around for the best rate.
In addition to where you live, insurance companies consider factors like your insurance history, age and credit score. For that reason, the cheapest company for you may be different from the best choice for your family, friends or neighbors.
Read customer service reviews. It's important to choose a company you can count on to make your life easier in an emergency situation.
Companies with great customer service can do this with helpful employees, a quick claims process and fair claims payouts. On the other hand, poor service could mean you'll have to wait longer to fix your home and you could pay more for repairs.
Start by looking at ValuePenguin editor's ratings. Our editors consider customer service ratings from multiple sources, along with coverage availability and the overall value a company provides.
If you'd like to do more research, you can check out the J.D. Power customer service and claims satisfaction studies. Lastly, you can look up customer complaints using the National Association of Insurance Commissioners (NAIC) website.
Frequently asked questions
What is the average cost of homeowners insurance in Wyoming?
Homeowners insurance in Wyoming costs an average of $1,932 per year for $350,000 of dwelling coverage. That's slightly below the national average of $2,151 per year.
Which insurance company is best for homeowners in Wyoming?
State Farm has the best homeowners insurance for most people in Wyoming. It offers affordable rates, excellent customer service and coverage for ranches and farms.
Is homeowners insurance required in Wyoming?
The state of Wyoming doesn't require homeowners to have insurance. However, if you have a mortgage, your mortgage company will typically require you to buy a home insurance policy.
Methodology
To find the best home insurance companies in Wyoming, ValuePenguin compared quotes across every ZIP code in the state. Rates are for a 45-year-old married man with good credit and no prior home insurance claims.
Quotes include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000
Home insurer ratings are scored based on a combination of complaint data from the NAIC, the J.D. Power customer satisfaction survey and ValuePenguin's own editorial ratings.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for comparative purposes only.
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.