Paige Cerulli Last Updated On: October 26, 2023

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How to Find the Best Home Insurance in Wyoming

A quality home insurance policy is essential in protecting your investment in your home. Shopping for home insurance can be confusing, especially if you’re buying insurance for the first time.

That’s why we’ve outlined the must-know information that will help you to find the best home insurance in Wyoming at the best price, too.

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The Average Cost of Home Insurance in Wyoming

The average cost of home insurance in Wyoming is $954 per year, which includes $250,000 in dwelling coverage. That rate is significantly less than the national average home insurance rate, which is $1,428 per year. Those lower rates may be due to Wyoming’s lower crime rates than surrounding states.

While Wyoming’s average home insurance rates are low, rates vary depending on where you live in the state. Cities with lower crime rates and reduced risk of severe weather events have lower home insurance rates, while cities with greater risk factors have higher rates.

Wyoming City

Average Cost of Home Insurance Per Year

Dayton

$847

Sheridan

$854

Alva

$1,051

Wright

$1,055

Torrington

$1,056

 

Other factors will impact your home insurance rates, too, including your home’s age, its value, and the distance to the nearest fire station. Since rates can vary so much, a personalized quote will give you the most accurate idea of your home insurance costs. You can get free home insurance quotes in Wyoming from ConsumerCoverage to get started comparing your plan options today.

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Coverage Options for Home Insurance in Wyoming

As you shop for home insurance in Wyoming, it’s helpful to understand what is and isn’t covered by your policy. Most standard home insurance policies include these coverage types:
  • Dwelling coverage applies to your home’s structural elements, like the roof, walls, and porch.
  • Other structures coverage helps to protect buildings on your property that are detached from your home, like a shed or barn.
  • Personal property coverage protects your personal belongings, including electronics or furniture, that are within your home.
  • Personal liability coverage helps to protect you if another person is ever injured while on your property.
  • Medical payments coverage helps to cover the cost of medical bills that another person might face if they are injured while on your property.
  • Loss of use coverage applies in a situation where your home is damaged and you can’t live in it while it’s being repaired. This coverage helps to cover expenses like a rental home or hotel room.
These coverages are a good starting point, but depending on your home’s specific risk factors, you may want to purchase optional insurance for more comprehensive coverage.
  • Earthquake insurance: Some policies include earthquake insurance, but others may exclude it if you’re in a high-risk area. Earthquakes do occur in Wyoming, so you may want to purchase earthquake insurance if your standard insurance doesn’t include it.
  • Flood insurance: Depending on your location and the risk of floods in the area, it may be a good idea to buy flood insurance. Most standard insurance policies don’t include coverage for damage that is caused by flooding.

How to Save Home Insurance in Wyoming

As you shop for home insurance in Wyoming, look for discounts that you may qualify for. Many insurance providers offer discounts if you have multiple policies, like a car and home insurance policy, through their company. Buying a high deductible plan may save you money on your premiums, but you’ll need to be prepared to pay the higher deductible if you file a claim.

You can also save money by shopping around and comparing quotes. To get started, request a free homeowners insurance quote from ConsumerCoverage to explore different policy options and find the best insurance for your needs.

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Paige Cerulli Paige Cerulli is a freelance content writer and journalist who specializes in personal finance topics. She graduated from Westfield State University and brings more than a decade of professional writing experience to the ConsumerCoverage team. Paige’s work has appeared in outlets including USA Today, Business Insider, and more.

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