Average homeowners insurance cost in Cheyenne, WY

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In Cheyenne, homeowners pay an average annual rate of $2,465 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $117 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Cheyenne depends on various factors, such as:

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

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Cheyenne, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Cheyenne.

Key takeaways

The average cost of homeowners insurance in Cheyenne is $2,465 per year.
Nationwide is the cheapest homeowners insurance company in Cheyenne with an average annual premium of $1,633.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $735 more a year for home insurance.

Average homeowners insurance cost in Cheyenne per month

According to Insure.com’s rate analysis, residents of Cheyenne pay an average of $205 per month for homeowners insurance. This is $48 more than the state average of $157 and $10 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Cheyenne can vary depending on your location, property value, and selected coverage options.

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

In Cheyenne, WY, homeowners pay an average of $1,730 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Cheyenne

Based on a rate analysis conducted by Insure.com, Cheyenne residents pay an average of $2,465 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $735 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Cheyenne by Company

Among the carriers analyzed, Nationwide is the cheapest homeowners insurance company in Cheyenne. It’s average annual rate for Cheyenne homeowners is $1,633. State Farm ranks second and Farmers makes it to the third spot with an average annual home insurance rate of $2,692.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Cheyenne and prepared a list of the cheapest home insurance providers. You can find below the Cheyenne home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Nationwide	$1,633
State Farm	$2,508
Farmers	$2,692
Allstate	$3,836
USAA*	$1,656

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Cheyenne 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.