Homeowners Insurance in Laramie, WY

Experts provide details you need on price, companies, and more in Laramie, WY.

Written by Candace Jenkins
Written by Candace Jenkins

Candace Jenkins is a licensed insurance advisor with over a decade of experience. She is also a writer and loves to write on all things insurance. Candace writes for TrustedChoice.com on a continuous basis and is here with the facts about all your insurance inquiries.

Reviewer: Jeffrey Green Reviewed by Jeffrey Green
Reviewer: Jeffrey Green
Reviewed by Jeffrey Green

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Great room in new home that is staged and ready to sell. Laramie, Wyoming Homeowners Insurance.

There are roughly 31,600 people who reside in Laramie, Wyoming. If you're among them and own a property, you may be looking for coverage for your home. Fortunately, the proper homeowners insurance policy can help protect your household if done correctly.

A Laramie, Wyoming independent insurance agent will compare coverage and rates through multiple markets, making it simple. They take all the confusion out of home insurance and do the shopping for you at no additional cost. Consider getting quotes from a local adviser for free.

What Is Homeowners Insurance?

In Laramie, Wyoming, homeowners insurance can help you avoid financial loss if your home is damaged. The right policy will pay for a covered claim's property damage and liability exposures. Homeowners coverage must be accurate and sufficient for your needs.

What Does Homeowners Insurance Cover in Laramie, Wyoming?

Every homeowners policy will have varying limits based on property and household exposures. These limits are under primary coverage that is included in every home insurance policy. In Laramie, Wyoming, these coverages look like the following:

  • Personal property: Pays for the repair or replacement of your personal belongings.
  • Personal liability: Pays for bodily injury, property damage, libel, or slander claims against a household member.
  • Dwelling limit: Pays for repairing or replacing your home when a covered claim occurs.
  • Additional living expenses: Pays for your temporary stay at another property when a claim renders your home unlivable. 
  • Medical payments: Pays for the first $1,000 - $10,000 of a medical expense when a third party gets injured on your property.

You may not know that a separate flood insurance policy is necessary for flood damage coverage. No matter what flood zone you're in, you will not have protection against a flood without this policy. This could mean a significant out-of-pocket expense if you lack proper insurance.

Common Disasters That Homeowners Insurance Covers in Laramie, Wyoming

Your Laramie, Wyoming homeowners policy will give you protection against major catastrophes. Some of the most common disasters covered under your home insurance are the following:

  • Wind
  • Hail
  • Severe storms
  • Fire
  • Lightning
  • Theft and vandalism

Laramie's weather-related statistics:

The number of natural disasters in Laramie: 7

Major presidentially declared disasters in Laramie: 2

Let's look at the top three weather disasters in Laramie:

Fires: 4 declared as a disaster

Floods: 2 declared as a disaster

Storms: 2 declared as a disaster

How Much Does Homeowners Insurance Cost In Laramie, Wyoming?

Homeowners insurance premiums will vary for every household. Your exact pricing can't be figured out until you receive custom quotes. Costs are based on several risk factors insurance companies use to determine rates. Check out what carriers look for below:

  • How new your house is
  • How many claims you've filed
  • How close you are to a fire department
  • How close you are to a fire hydrant
  • The materials of your home
  • The square footage of your home
  • The cost to replace your home
  • Your credit score
  • If you have a pool, trampoline, or pet
  • Where you live

Cheap Homeowners Insurance Near Me

If cheap homeowners insurance is what you're after in Laramie, Wyoming, there are some things you can do to help. First, take a look at the state and national averages for home insurance premiums:

The average home Insurance premium:

  • National annual average: $1,211
  • Wyoming annual average: $1,159

One way to reduce costs is by bundling your home and auto coverage with the same insurance company. In most cases, this can save you 30% or more. Good credit, updated safety measures, and no prior claims will cut your insurance premiums. 

What Are the Best Homeowners Insurance Companies in Laramie, Wyoming?

Using the right insurance company for your home can mean the difference between a claim being paid or not. In Laramie, Wyoming, some of the top homeowners insurance companies are as follows:

Best Homeowners Insurance Companies In Laramie, Wyoming Star Rating
5 star rating
4.5/5 star rating
5 star rating

These carriers are highly rated because of superior customer service and broad coverage offerings. A trained expert in your area can quote them.

How a Local Agent Can Help Find Homeowners Insurance in Laramie, Wyoming

Your home insurance protection is essential to avoid financial loss. Without the right coverage, you could be looking at some significant out-of-pocket expenses. Fortunately, you can meet with a local adviser for free to review your home policy.

A Laramie, Wyoming independent insurance agent compares coverage and rates with trusted carriers on your behalf. They'll shop with dozens of markets, so you always get the best deal. Connect with a knowledgeable professional and start saving today.

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