Average homeowners insurance cost in Gillette, Wyoming

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Our data shows that the average cost of homeowners insurance in Gillette is $2,229 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $353 less than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Gillette depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Nationwide is the cheapest homeowners insurance company in Gillette with an average annual premium of $1,399 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Gillette. Keep reading to learn about the monthly cost of homeowners insurance in Gillette, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Gillette.

Key Takeaways

Homeowners insurance costs $2,229 per year in Gillette.
At $1,399 per year, Nationwide offers the cheapest homeowners insurance in Gillette.
Your home insurance rates increase by $655 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Gillette per month

Residents of Gillette pay an average of $186 a month for homeowners insurance. It’s $29 more than the state average of $157 and $29 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Gillette may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Gillette

The average cost of homeowners insurance in Gillette, WY is $1,574 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

Average homeowners insurance cost for a $300,000 house

Homeowners in Gillette typically pay an average of $2,229 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $655 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Gillette by company

Among the carriers we analyzed, Nationwide is the cheapest homeowners insurance company in Gillette. Its average annual rate for Gillette homeowners is $1,399 , while State Farm ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Gillette and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
State Farm	$2,043
Farmers	$2,395
Allstate	$3,726
Nationwide	$1,399
USAA*	$1,582

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

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Wyoming that can impact your home insurance

Living in Wyoming means facing the risk of natural disasters that can seriously damage your home and belongings. These events can lead to expensive repairs and major insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

Being aware of your local risks helps you choose the right level of protection, from setting appropriate coverage limits to deciding on deductibles or adding extra coverage. Taking the time to tailor your policy to those risks can help you avoid being underinsured and give you peace of mind if you’re impacted by a natural disaster.

Wyoming is commonly affected by Avalanche.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Check for coverage gaps before it’s too late

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Gillette for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.