Best homeowners insurance in Wyoming (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Wyoming.

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By

Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
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Reviewed by

Ian Bloom, CFP®, RLP®Ian Bloom, CFP®, RLP®Certified Financial PlannerIan Bloom, CFP®, RLP®, is a certified financial planner and a member of the Financial Review Council at Policygenius. Previously, he was a financial advisor at MetLife and MassMutual.

Updated|4 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

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From winter blizzards to droughts that stoke wildfires, homeowners in Wyoming should be ready for anything that could cause damage to their homes and property with a solid home insurance policy. 

The average cost of homeowners insurance in Wyoming is $1,547 per year or $129 a month. This is around 12% higher than the national average of $1,754.

Compare home insurance rates in Wyoming

Methodology & why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Compare the best homeowners insurance companies in Wyoming

According to our analysis, State FarmFarmers, Nationwide, and Allstate are the best homeowners insurance companies in Wyoming.

Policygenius analyzed thousands of quotes across the state to find the average cost of homeowners insurance from each company. We then looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of the state's residents to find the best homeowners insurance in Wyoming.

Company

Average monthly cost

Policygenius rating

Auto-Owners Insurance

$180

5.0 out of 5

State Farm

$209

4.8 out of 5

American Family

$184

4.5 out of 5

Farmers

$170

4.5 out of 5

Compare home insurance rates in Wyoming

award icon

2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is one of the best home insurance companies in Wyoming thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • High customer satisfaction and financial strength ratings

  • Big discount for bundling home and auto coverage

Cons

  • No discounts for first-time homebuyers

  • Rates are about average in Wyoming

More detailschevron icon

Why we chose State Farm

State Farm is one of our picks for the best home insurance in Wyoming, especially if you want to add protection to a basic policy. With State Farm homeowners can get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.

State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.

How do State Farm home insurance rates compare to the Wyoming average?

The average cost of home insurance from State Farm in Wyoming is $1,545 per year, which is about the same as than the statewide average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

award icon

2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is one of the best home insurance companies in Wyoming for those who want to add coverage to their policies. Farmers also has a range of discounts and high claims satisfaction scores.

Pros and conschevron icon

Pros

  • Optional extended or guaranteed replacement cost dwelling coverage

  • Receives few complaints from policyholders and has a high claims satisfaction score

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

  • More expensive than average in Wyoming

More detailschevron icon

Why we chose Farmers

Farmers is one of the best home insurance companies in Wyoming, especially if you want to add coverage to a basic policy. Optional coverages from Farmers include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

How do Farmers home insurance rates compare to the average in Wyoming?

The average cost of Farmers home insurance in Wyoming is $2,028 per year, which is 31% more expensive than the state's average annual premium.

How to get a quote

Online through Farmers

award icon

2024 Policygenius award winner

Nationwide

Nationwide logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

New homebuyer discount

Offers extended replacement cost

Why we chose itchevron icon

Nationwide is one of the best home insurance companies in Wyoming for its top-rated customer service. Nationwide also offers a range of add-ons that you can use to personalize your coverage — and its rates are cheaper than average.

Pros and conschevron icon

Pros

  • Receives fewer complaints than average

  • Multiple high-quality coverage options

  • Rates are cheaper than average in Wyoming

Cons

  • Below-average digital experience ratings

More detailschevron icon

Why we chose Nationwide

Nationwide is one of the best home insurance companies in Wyoming for its great customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022 and receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.

We also like Nationwide's many coverage options, including guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.

How do Nationwide home insurance rates compare to the Wyoming average?

The average cost of Nationwide home insurance in Wyoming is $1,216 per year, which is 21% cheaper than the annual statewide average.

How to get a quote

Online through Policygenius or Nationwide

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Allstate is one of the top home insurance companies in Wyoming. While its rates are higher than average in the state, Allstate also offers a few add-ons that can make a basic policy stronger.

Pros and conschevron icon

Pros

  • Offers HostAdvantage for short-term rental coverage

  • Offers water backup protection, other endorsements

Cons

  • Beginning to pull back coverage in high-risk areas

  • Higher rates than average in Wyoming

More detailschevron icon

Why we chose Allstate

Allstate is a top home insurance company in Wyoming. We like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.

If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.

How do Allstate home insurance rates compare to the Wyoming average?

The annual average cost of Allstate home insurance in Wyoming is $2,331 per year, which is 51% more expensive than the statewide average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent.

How much is homeowners insurance in Wyoming?

The average cost of homeowners insurance in Wyoming is $1,547 per year, or $129 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in the Cowboy State is $207 cheaper than the national average per year.

Wyoming homeowners insurance rates by city

We calculated the cost of home insurance in Wyoming's largest cities and found that Green River is the cheapest big city for homeowners insurance in the state, while Mills is the most expensive.

Here’s a look at the average cost of home insurance in the 20 largest cities in Wyoming.

City

Average monthly cost

Average annual cost

Difference from state average (%)

Cheyenne

$153

$1,840

19%

Casper

$153

$1,838

19%

Gillette

$131

$1,575

2%

Laramie

$129

$1,543

0%

Rock Springs

$104

$1,249

-19%

Sheridan

$112

$1,343

-13%

Evanston

$107

$1,280

-17%

Green River

$104

$1,249

-19%

Riverton

$110

$1,319

-15%

Jackson

$109

$1,305

-16%

Cody

$114

$1,369

-12%

Rawlins

$112

$1,342

-13%

Lander

$108

$1,292

-16%

Powell

$109

$1,308

-15%

Douglas

$141

$1,697

10%

Torrington

$130

$1,556

1%

Worland

$149

$1,788

16%

Buffalo

$150

$1,797

16%

Mills

$156

$1,875

21%

Wheatland

$154

$1,853

20%

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Wyoming homeowners insurance rates by coverage amount

The table below highlights the average annual premium in Wyoming for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.

Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.

Compare home insurance rates in Wyoming

Cheapest homeowners insurance companies in Wyoming

After analyzing home insurance rates in all of the state's ZIP codes, we found that the cheapest home insurance companies in Wyoming are USAA, Nationwide, and State Farm.

Company

Average annual cost

USAA

$711

Nationwide

$1,216

State Farm

$1,545

Farmers

$2,028

Allstate

$2,331

Cheapest Wyoming homeowners insurance if you have poor credit

Poor credit can be bad news when it comes to home insurance rates. Insurance companies consider a bad credit score to be an indicator of risky behavior and an increased risk of filing an insurance claim.

With an average rate of $1,423 per year, Nationwide has the cheapest home insurance rates in Wyoming for a homeowner with poor credit.

Company

Average annual cost

Nationwide

$1,423

State Farm

$1,597

Farmers

$3,257

Allstate

$3,259

USAA

$6,580

Cheapest Wyoming homeowners insurance if you have an older home

It can cost a lot to insure older homes. That's because they're more prone to structural damage than new homes. Older homes are also often constructed out of materials and with features that would be expensive to replace if they were damaged.

With an average annual premium of $1,491, Nationwide offers the cheapest home insurance rates in Wyoming for an older home. USAA is the cheapest if you or your family is affiliated with the military.

Company

Average annual cost

USAA

$682

Nationwide

$1,491

State Farm

$1,692

Farmers

$2,028

Allstate

$2,403

Cheapest Wyoming homeowners insurance if you have a history of claims

If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.

With an average annual premium of $1,680, State Farm offers the cheapest home insurance rates in Wyoming if you've filed three claims within a five-year period. USAA is the cheapest if you or your family is affiliated with the military.

Company

Average annual cost

USAA

$997

State Farm

$1,680

Nationwide

$2,173

Allstate

$3,187

Farmers

$3,870

Coverage options in Wyoming

When looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.

Before you buy homeowners insurance in Wyoming, you should be sure you're protected against the state's wildfires and wintry weather.

Wildfire insurance

Wyoming's droughts and prolonged periods of hot, dry weather can lead to strong wildfires. Fire damage is typically covered by home insurance policies, but if you live in a wildfire-prone area, your insurance company may require the following before agreeing to insure your home:

  • A defensible space around your home by without any flammable vegetation

  • Tree pruning

  • Raking or removing any dead leaves or brush from your roof, gutter, or yard

  • Installing a fire-resistant “Class A” roof

  • Installing dual- or triple-paned windows

If your insurance company chooses not to renew your policy because of your home's wildfire risk and you can't find coverage from another insurer, you may need to get covered by a last-resort option like a surplus lines insurance carrier.

Winter weather insurance

Wyoming's winters could bring heavy snow and fierce winds that damage your home. Fortunately, most home insurance policies cover damage from wintry weather, like windstorms, frozen pipes, collapsed roofs, and more.

That said, it's always a good idea to make sure that your home is fully protected by adding extended or guaranteed replacement cost coverage to your dwelling coverage if it's available. That way, you will have enough insurance to fully rebuild your home if it were damaged.

How to buy homeowners insurance in Wyoming

When shopping for home insurance in Wyoming, homeowners should choose a company they can trust when it matters the most. The insurance experts at Policygenius can help you find affordable quotes from reputable companies that work within your budget.

Steps to getting home insurance in Wyoming

  1. Reach out to a licensed Policygenius agent. Our team of insurance experts is ready to listen to your needs and find coverage options that work for you — at no cost or obligation to you. 

  2. Ask if you should purchase flood or wildfire coverage. If you are near a region where wildfires are common in Wyoming, talk to a Policygenius agent about adding extra dwelling coverage to your policy.

  3. Figure out whether a $500, $1,000, or $2,000 deductible works best for you. A higher deductible means you’ll pay lower rates, but a larger chunk when it comes time to file a claim. A Policygenius agent can help you pick out a deductible that works within your budget.

  4. Compare quotes from a Policygenius agent. Once you’ve identified your coverage needs, limits, and deductibles, a Policygenius agent will send over quotes from top companies for you to review in the comfort of your own home.

  5. Sign the policy, and pay your first premium. After you’ve selected the company that works best for you, Policygenius will do all of the paperwork for you. Just sign the policy and pay your first premium.

Compare home insurance rates in Wyoming

Frequently asked questions

What is the average home insurance cost in Wyoming?

The average home insurance rate in Wyoming is about $133 a month for $300,000 in dwelling coverage. That’s about $25 less per month than the national average. Homeowners in Wyoming should have enough home insurance to rebuild their home from the ground up after a covered loss.

Is it mandatory to have home insurance in Wyoming?

Home insurance is not mandatory in Wyoming, but still a good idea to protect your home against a catastrophic loss. Additionally, some financial institutions require you to purchase home insurance before extending a home loan, as a way to protect their investment against any loss.

Why is home insurance so expensive in Wyoming?

Homeowners insurance is lower than the national average but still higher than some other states. The easiest way to lower the cost of your home insurance is by comparing quotes from reputable companies. Once you’ve researched your policy options, ask your provider about any discounts available, then the policy that works best for you.

Author

Andrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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