Compare Home Insurance in Wyoming

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Best homeowners insurance companies in Wyoming

Wyoming has the smallest population of any state in the country. Despite tornado and flood threats, the small population and low crime rate keep home insurance rates well below the national average. This article is meant to help you find the best rate for your Wyoming home.

We looked at the top home insurance providers in Wyoming and compared their policy offerings, rates based on region and customer satisfaction reviews. Here are the top home insurance providers in Wyoming:

State Farm: most popular

State Farm has 21.9% of the home insurance market share in Wyoming. This is far above the average market share of 4.9% held between all the home insurance providers currently operating in Wyoming. State Farm is able to write a large number of policies in Wyoming despite its average annual home insurance rate of $1,270, $194 more than the state annual average of $1,076.

State Farm's popularity largely revolves around its high customer satisfaction performance. J.D. Power gave State Farm a four-out-of-five rating in its 2019 home insurance customer satisfaction survey, putting the insurer in the survey's top four. State Farm also maintains a low 0.20 rating in the NAIC Complaint Index. The lower a company's rating on the index, the better its performance is. The average Complaint Index of the 20 home insurance companies operating in Wyoming is 0.37. This puts State Farm well above the rest.

State Farm has agents in 28 cities and towns in Wyoming, making it fairly easy to find one for a home insurance quote.

USAA: best choice for military members

Veterans make up 10.7% of Wyoming's population, according to the Housing Assistance Council, a nonprofit organization that builds homes in rural parts of the U.S. USAA is an excellent choice for members of the military, both currently serving and retired. On top of superior standard home insurance coverage, USAA also offers coverage for military uniforms and for your belongings if you're living in a war zone, a peril normally excluded by most home insurance providers.

It's unfortunate that USAA only provides insurance coverage for military members and their eligible family members, as they're really at the top of the list for home insurance providers. In Wyoming, USAA's average annual home insurance rate is $512, less than half of the state average of $1,076.

Furthermore, USAA's customer satisfaction is unbeatable. The insurer received a five-out-of-five rating on J.D. Power's 2019 home insurance customer satisfaction survey, and a low 0.15 rating on the NAIC Complaint Index. The graph below shows the average rate of USAA's home insurance policies in Wyoming's larger cities:

USAA average home insurance rates in wyoming

Allstate: best range of discounts

Allstate's average home insurance rate in Wyoming is $1,616 annually, $540 more than the state average of $1,076. Allstate offers a wide range of discounts that can lower your premiums:

  • You may save 10% just for moving your home insurance policy to Allstate. This discount stays active as long as you're an Allstate policyholder.
  • If you're a recent home-buyer or bought a newly-built home, you may qualify for a discount.
  • If you sign on with Allstate at least seven days before the expiration of your current policy, you can save another 10% on your premium.
  • Allstate provides a discount for retired homeowners age 55 and older.

These are just a few of the discounts Allstate has available. Allstate has been providing home insurance since 1957 and has established itself as a well-known, reliable brand. Talk to an Allstate agent about what discounts you qualify for. It may not be not difficult to wind up with a rate below the state average.

Home insurance companies in Wyoming

The better-known home insurance companies make up the top providers in Wyoming, with a fair range between their premiums. The table below shows how Wyoming's main home insurance companies compare:

Company Market share Overall customer satisfaction* (higher is better) NAIC Complaint Index (lower is better)
State Farm 21.9% 4/5 0.20
USAA 5.9% 5/5 0.15
Allstate 4.6% 3/5 0.34
*According to J.D. Power's 2019 home insurance survey

If you want to see how these home insurance companies compare nationally, read our best homeowners insurance study.

Average cost of homeowners insurance in Wyoming

The average cost of homeowners insurance in Wyoming is $1,076. This is $139 less than the average national home insurance price of $1,215. The state average was calculated based on 219 quotes from the top three home insurers in Wyoming.

Average cost of home insurance in Wyoming
  Wyoming U.S.
Average annual rate $1,076 $1,215
Average monthly rate $89 $101
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

There is a wide range of difference between the home insurance rates of the top insurers in Wyoming. USAA comes in lowest, with an average annual rate of $512. At the other end, Allstate is more than three times higher than USAA, with an average annual rate of $1,616.

average cost of home insurance in wyoming

Home insurance rates in Wyoming by city

Despite having a low population overall, the range of home insurance rates across Wyoming cities is fairly inconsistent. Both Green River and Rock Springs have the lowest average rates, at $795. Cheyenne comes in at an annual average of $1,462, the most expensive.

Average home insurance rates across Wyoming
City Average annual insurance rate
Casper $1,208
Cheyenne $1,462
Evanston $824
Gillette $1,310
Green River $795
Jackson $843
Laramie $981
Riverton $857
Rock Springs $795
Sheridan $1,099
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Methodology

QuoteWizard analyzed 219 home insurance quotes from the top three insurers in Wyoming. As a base profile, we used a home valued at $242,130 and built in 1978 as a median.

The homeowners insurance policy we rated included standard coverage limits based on $242,130 in dwelling coverage and a $1,000 deductible.

Home insurance rate limits for our sample home

  • Dwelling coverage: $242,130
  • Personal property coverage (50% of dwelling): $121,065
  • Other structures coverage (10% of dwelling): $24,213
  • Loss of use coverage (20% of dwelling): $48,426
  • Liability coverage: $100,000

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