Nationwide offers the cheapest home insurance in Wyoming, charging rates that average $95 a month statewide.
A low price is important, but you also need your insurance company to provide coverage that matches your needs and responsive customer service, especially if you ever have to file a claim. Our guide to homeowners insurance in Wyoming is designed to help you find the company that offers the best coverage and rates for your specific needs.
In this article
What is the average cost of homeowners insurance in Wyoming?
The average cost of homeowners insurance in Wyoming is $1,638 a year, or $137 a month, based on our analysis of quotes for a typical house in every ZIP code in the state. This amount is 6% lower than the average national rate, $146 a month.
| Region | Annual rate | Monthly rate |
|---|---|---|
| Wyoming statewide average | $1,638 | $137 |
| U.S. national average | $1,754 | $146 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Home insurance companies evaluate several factors to determine your rate. The most common include:
- The age, location and construction style of your home
- The estimated cost of rebuilding your home, in the event of a total loss
- Your insurance claims and credit history
- Any discounts you may qualify to receive
Since each company weighs these factors differently and offers different discounts, you may qualify for a significantly lower rate with one company than you do with others. This is why it’s best to compare quotes from multiple companies when you shop.
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Cheapest home insurance companies in Wyoming
Our analysis shows that Nationwide offers the cheapest home insurance in Wyoming, with rates for a typical house averaging $95 a month. The next-best rate is available from State Farm, $117 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| Nationwide | $1,137 | $95 |
| State Farm | $1,401 | $117 |
| State average | $1,638 | $137 |
| USAA | $1,801 | $150 |
| Allstate | $2,214 | $184 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Best home insurance companies in Wyoming
USAA has the best customer service scores among the Wyoming home insurance companies in our analysis, while Nationwide is best for saving money and State Farm is best for bundling.
Best customer service: USAA
Among Wyoming’s top homeowners insurance companies, USAA has the best customer satisfaction score from J.D. Power and the best complaint rating from the National Association of Insurance Commissioners (NAIC). USAA is only available to current and former members of the military and their families.
J.D. Power’s overall customer satisfaction index rankings are based on customer surveys rating insurance companies on interaction, policy offerings, price, billing process, policy information and claims.
USAA’s satisfaction index ranking of 882, on a 1,000-point scale, tops all home insurance companies in the nation. Of the companies in our analysis, the next-best scores belong to State Farm, 835, and Allstate, 829.
| Company | Satisfaction index rankings |
|---|---|
| USAA | 882 |
| State Farm | 835 |
| Allstate | 829 |
| Segment average | 825 |
| Nationwide | 812 |
| Source: J.D. Power 2021 U.S. Home Insurance Study | |
The NAIC’s Complaint Index compares insurance companies by confirmed complaints, which are complaints that lead to a finding of fault. A company with a 2.0 Complaint Index rating has twice as many complaints as expected for its size, while a 0.5 rating indicates half as many.
USAA’s Complaint Index rating of 0.2 is lowest, or best, among the Wyoming home insurance companies in our analysis, followed by State Farm, 0.32, and Allstate, 0.43.
| Company | Complaint Index |
|---|---|
| USAA | 0.2 |
| State Farm | 0.32 |
| Allstate | 0.43 |
| Nationwide | 1.0 |
| National Complaint Index | 1.0 |
| Source: National Association of Insurance Commissioners (2021 data) | |
Best for saving money: Nationwide
Nationwide’s average rate in Wyoming is 31% lower than the statewide average, and the company offers a variety of discounts that can reduce your premiums even more.
For example, you may get a discount if you’ve made recent renovations to your home’s plumbing, heating, cooling or electrical systems or have installed safety or security devices. Additional discounts are available for bundling your homeowners policy with your car insurance and/or having a roof that meets specified criteria for age and surface.
Best for bundling: State Farm
Most insurance companies provide discounts for bundling your homeowners policy with your car insurance and/or any other policies, but State Farm’s multipolicy discounts are particularly steep.
The actual amount you may save varies by customer. As you compare quotes, you may discover that State Farm’s bundling discounts close the gap between its prices and those available from less-expensive companies.
State Farm also has higher customer service ratings than most other companies not named USAA.
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Wyoming insurance rates by city
Among Wyoming’s five largest cities by population, average home insurance prices range from $106 in Rock Springs to $179 in Cheyenne.
| City | Annual rate | Monthly rate |
|---|---|---|
| Rock Springs | $1,275 | $106 |
| Laramie | $1,524 | $127 |
| Wyoming state average | $1,638 | $137 |
| Casper | $1,814 | $151 |
| Gillette | $1,956 | $163 |
| Cheyenne | $2,142 | $179 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
In the state’s largest cities, Nationwide offers the cheapest home insurance in Cheyenne, Casper, Gillette and Rock Springs. State Farm is cheapest in Laramie.
| Company | Annual rate | Monthly rate |
|---|---|---|
| Nationwide | $1,568 | $131 |
| USAA | $1,996 | $166 |
| State Farm | $2,039 | $170 |
| City average | $2,142 | $179 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
| Company | Annual rate | Monthly rate |
|---|---|---|
| Nationwide | $1,136 | $95 |
| State Farm | $1,796 | $150 |
| City average | $1,814 | $151 |
| USAA | $1,960 | $163 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $909 | $76 |
| Nationwide | $1,070 | $89 |
| City average | $1,524 | $127 |
| USAA | $1,769 | $147 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
| Company | Annual rate | Monthly rate |
|---|---|---|
| Nationwide | $1,357 | $113 |
| State Farm | $1,658 | $138 |
| USAA | $1,926 | $161 |
| City average | $1,956 | $163 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
| Company | Annual rate | Monthly rate |
|---|---|---|
| Nationwide | $871 | $73 |
| State Farm | $889 | $74 |
| City average | $1,275 | $106 |
| USAA | $1,625 | $135 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Flood insurance in Wyoming
It’s important to know that standard home insurance does not cover flood damage, but you can purchase flood insurance separately.
Most flood insurance is purchased through the government-backed National Flood Insurance Program (NFIP), but certain companies offer private flood insurance.
The average cost of NFIP flood insurance in Wyoming is $1,027 a year, or $86 a month, according to the Federal Emergency Management Agency (FEMA), which manages the program.
Flood insurance is only required if you have a mortgage on a home in a high-risk flood zone. If you don’t have a mortgage or if your home is outside of a high-risk area, you can purchase it on an optional basis.
More than one in five flood insurance claims come from outside high-risk flood zones, according to FEMA.
If you’re not sure of your home’s flood risk, or the flood risk of a home you’d like to purchase, you can look it up online in the Flood Map Service Center on FEMA’s website.
FEMA authorizes local insurance agents across the country to sell NFIP flood insurance. You can find a FEMA-certified agent near you on the agency’s online provider directory. The availability of private flood insurance varies by insurance agency.
Methodology
We obtained quotes for a standard HO-3 homeowners insurance policy on a typical house in every Wyoming ZIP code. Unless otherwise noted, standard policies include the following limits and deductibles:
- Dwelling coverage: $275,000
- Other structures: $27,500
- Personal property: $137,500
- Loss of use: $55,000
- Liability: $100,000
- Medical payments: $5,000
Sources:
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