Average homeowners insurance cost in Wyoming

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Whether you’re a new homeowner or looking to buy insurance for your current home, securing the right homeowners’ insurance is crucial. Rates may vary depending on your insurance company and the coverage limits you choose.

According to Insure.com’s data analysis, the average cost of homeowners insurance in Wyoming is $1,885 a year.

Continue reading to learn more about homeowners insurance rates in Wyoming by ZIP code and insurer.

Key Takeaways

Homeowners insurance costs an average of $1,885 a year, based on Insure.com analysis.
Of all the ZIP codes in Wyoming, 82901 has the most affordable home insurance rates at around $1,505 annually.
In Wyoming, Nationwide provides the most affordable home insurance at an average annual premium of $1,167.

Average home insurance cost in Wyoming by coverage level

The average cost of homeowners insurance in Wyoming is $1,885 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $2,478 per year for homeowners insurance in Wyoming for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Wyoming for dwelling coverage of $300,000, $400,000 and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,339	$112
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,351	$113
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$1,885	$157
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$1,897	$158
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,478	$206
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,490	$207
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,691	$308
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,703	$309
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$5,688	$474
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$5,700	$475

Homeowners insurance companies in Wyoming decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Wyoming

It’s always wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Wyoming using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Wyoming. Based on the analysis, Farmers received the lowest NAIC score and A rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Farmers	$2,284	A	0.54	5
Nationwide	$1,167	A+	0.87	4.89
State Farm	$1,717	A++	0.95	4.19
Allstate	$2,822	A+	0.9	3.26

Average homeowners insurance cost by company in Wyoming

Nationwide provides the most affordable homeowners insurance in Wyoming, with an average annual premium of $1,167. State Farm and Farmers also offer cheap home insurance rates.

Shopping around for homeowners insurance can help you save hundreds of dollars annually.

Here are the average annual and monthly insurance rates for homeowners in Wyoming with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Nationwide	$1,167	$97
State Farm	$1,717	$143
Farmers	$2,284	$190
Allstate	$2,822	$235
USAA*	$1,436	$120

*USAA is only available to military community members and their families.

Wyoming homeowners insurance rates by ZIP code

In Wyoming, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Wyoming. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Wyoming

Not every area in Wyoming has the same home insurance cost. How much you pay for homeowners insurance in Wyoming depends on many factors, including your ZIP code. Our data shows that 82901 ZIP has low-cost home insurance rates in Wyoming, at about $1,505 a year or $125 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Wyoming.

ZIP code	Average annual rate	Average monthly rate
82901	$1,505	$125
83113	$1,525	$127
83101	$1,530	$128
82930	$1,534	$128
82514	$1,545	$129
83120	$1,552	$129
82944	$1,556	$130
82941	$1,558	$130
83110	$1,562	$130
82423	$1,566	$131

Most expensive ZIP codes for home insurance rates in Wyoming

In Wyoming, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 82061 ZIP pay the highest insurance rates in Wyoming, with an average annual premium of $2,629.

Below is a list of some of the most expensive ZIP codes in Wyoming for homeowners insurance.

ZIP code	Average annual rate	Average monthly rate
82061	$2,629	$219
82050	$2,500	$208
82081	$2,467	$206
82082	$2,465	$205
82731	$2,412	$201
82620	$2,365	$197
82725	$2,327	$194
82215	$2,315	$193
82712	$2,285	$190
82732	$2,229	$186

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Wyoming by city

See rates in your city

Home insurance rate trend in Wyoming

We analyzed home insurance rate trends in Wyoming and found that homeowners insurance rates experienced an overall increase of only 2% or $39, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

2019 rates	2022 rates	2023 rates
$1,683	$1,846	$1,885

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Wyoming.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.