Average homeowners insurance cost in Laramie, WY

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In Laramie, homeowners pay an average annual rate of $1,819 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $763 less than the national average of $2,582.

Homeowners insurance premiums can vary significantly from one property to another. In Laramie, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Laramie, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Laramie.

Key takeaways

In Laramie, homeowners insurance costs $1,819 annually.
Nationwide offers the most affordable homeowners insurance in Laramie with an average annual premium of $1,111.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $527 higher.

Average homeowners insurance cost in Laramie per month

Laramie homeowners pay an average of $152 a month, based on our rate analysis. It’s $5 less than the state average of $157 and $63 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Laramie may vary depending on where you live, the value of your home, and the coverage you choose.

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

The average cost of homeowners insurance in Laramie, WY is $1,292 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

According to Insure.com’s rate analysis, homeowners in Laramie typically pay an average of $1,819 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 $527. It is advisable to 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 Laramie by company

Among the carriers analyzed, Nationwide is the most affordable homeowners insurance company in Laramie, offering an average annual rate of $1,111.

State Farm ranks second, while Farmers holds the third spot with an average annual rate of $2,395.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Laramie and compiled a list of the most affordable options.

Below are the details of home insurance companies in Laramie and their average annual premiums.

Home Insurance Company	Annual rate
Nationwide	$1,111
State Farm	$1,130
Farmers	$2,395
Allstate	$3,027
USAA*	$1,432

Methodology

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