Laramie Insurance Rates:

Laramie, WY homeowners insurance is roughly $629 to $854, about $52-$71/month. Our thorough analysis indicates shoppers can save upto $296 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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How to Save on Homeowners Insurance in Laramie, WY

As a homeowner in Laramie, WY, it is crucial to have adequate homeowners insurance to protect your investment. Homeowners insurance is a type of property insurance that covers your home and belongings in the event of damage or theft. It can also provide liability coverage if someone is injured on your property. There are many factors to consider when choosing a homeowners insurance policy, including the value of your home and belongings, the amount of coverage you need, and the level of risk you are comfortable with. It is important to work with an experienced insurance agent to ensure you get the best coverage for your needs.

The average cost of home insurance in Laramie, WY, is $1112. Homeowners insurance rates in Laramie, WY, can vary depending on the value of your home, the amount of coverage you need, and the level of risk you are comfortable with. Before choosing a policy, shopping around and comparing rates from different insurance companies is essential. Using the methods below, you may discover the best coverage in Laramie, Wyoming, for the lowest cost.

By Choosing a Higher Deductible

You must pay a deductible before your insurance coverage begins to provide benefits. If you choose a higher deductible, your homeowner's insurance rates will be lower. If you have a claim, you must ensure that you can afford to pay the higher deductible. A higher deductible, however, can help you reduce the cost of your homeowner's insurance if you feel comfortable taking that risk. For instance, homeowners in Laramie, Wyoming, pay premiums of $1099 and $936, respectively, for deductibles of 500 and 1500. Homeowners with deductibles of 2000 and 2500 each pay $849 and $798, respectively. Therefore, the higher the deductible, the lower the homeowners insurance prices in Laramie, Wyoming.

By Installing Security Features

As a homeowner, you want to take every precaution to keep your house safe. Installing security features is one approach to achieving this. Your homeowner's insurance rates in Laramie, Wyoming, can be lowered by doing this. You may equip your home with different security features to secure low homeowners insurance. Features like security alarms, security cameras, and deadbolt locks can get you a reasonable amount in Laramie. You can stop burglars and criminals from targeting your home by installing these features. For instance, Laramie, Wyoming, charges $1000 for homeowners insurance for homes equipped with fire extinguishers. Having fire extinguishers and fire alarms at home decreases the chance of fire or small fires.

By Maintaining a Zero Claims History

A zero claims history is one of the most important factors in reducing the cost of homeowners insurance in Laramie, WY. Insurance companies consider the number of claims an insured has filed when determining rates. The more claims an insured has filed, the higher the insurance rates. For example, in Laramie, Wyoming homeowners who have never filed a claim must pay a premium of $967. In contrast, in Laramie, Wyoming, homeowners must pay premiums of $1167 and $1245 for either one or two claims. An easy way to keep your claims history low is to avoid filing small claims. Many people are tempted to file a claim when they have a minor repair, such as a broken window or a leaky faucet. However, the repair cost is often less than the deductible, so it is not worth filing a claim.

Laramie, WY Homeowners Insurance By Home Value

Laramie, WY Home Value Total Homes % of Total Average Laramie, WY Homeowners Insurance
Less than $50,000 734 12.0% $88
$80,000 to $89,999 93 1.0% $318
$90,000 to $99,999 139 2.0% $355
$100,000 to $124,999 395 6.0% $414
$125,000 to $149,999 559 9.0% $518
$150,000 to $174,999 701 11.0% $607
$175,000 to $199,999 817 13.0% $703
$200,000 to $249,999 1,029 16.0% $852
$250,000 to $299,999 783 12.0% $1037
$300,000 to $399,999 734 12.0% $1318

Top Home Insurance Agents Near Laramie, WY

Home Insurance Company Near Laramie, WY Homeowners Insurance Agency Near Laramie, WY Address
NA Allen Insurance-Laramie 650 North 4Th St, Laramie, WY, 82072
Farmers Andrea Andi Senior 2523 E Garfield St Ste E, Laramie, WY, 82070
Allstate Burns Insurance Agency Inc 237 Storey Blvd Ste 200, Cheyenne, WY, 82009
State Farm Jay Poulignot 3348 Ridge Rd, Cheyenne, WY, 82001-1734
State Farm Scott Mcfarland 3131 E Grand Avenue, Laramie, WY, 82070-5140

Laramie, WY Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Laramie, WY

Streets in Laramie Area Homeowners Insurance Cost
Canyon Ct, Gibbs Rd, S Overland Rd, S 30th St, Co Rd 35, S Ashley St, S Aspen Ln, Downey St, S Short Pl, Mountain Valley Dr$751
Riverside Dr, W Garfield St, Inca Dr, Sherman Hill Rd, E Reynolds St, S Johnson St, Clark St, S Shetland Dr, S 26th St, Fraternity Row$704
North Dakota Dr, S 24th St, Piper Rd, W Kennedy Ave, Steele St, E Bradley St, S 1st St, Shield St, River Ranch Rd, Howell Rd$757
Skyline Rd, S Hodgeman St, B St, W Polk St, Sweetwater Dr, Fox Kit Rd, E Sherman Hill Rd, W Komart Dr, N Taylor St, Moulton Rd$756
W Sheridan St, N Superior Ct, Howe Rd, N Lincoln St, S Stuart St, Pfe Rd, W Monroe St, N Adams St, Vista Dr, West St$727

Laramie, WY Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Laramie$110 to $113
South Albany$115
East Albany$138
Albany County$111

Laramie, WY Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
South Albany CCD, Albany County, Wyoming $97 $129 $193
East Albany CCD, Albany County, Wyoming $115 $153 $230
Albany County, Wyoming $93 $123 $185

Laramie, WY Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Laramie, WY4.2%15.0%
South Albany4.93%17.5%
Albany County4.24%15.21%
Centennial7.11%23.14%

Laramie Renters Insurance as a Percentage of Rent

Laramie Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 140 2.0% $791
$300 to $499 1,167 16.0% $1241
$500 to $749 2,442 35.0% $1916
$750 to $999 1,796 26.0% $2666
$1,000 to $1,499 941 13.0% $3791
$1,500 or more 391 5.0% $5441

Laramie, WY Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,300$3,300
Yearly Laramie Homeowner Insurance Premium Example $1,200$800
Out of Pocket Expense During Claim$1,300$3,300
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $9,700$8,900
Net Savings to Laramie Home Owner from High Deductible Plan $800

Laramie, WY Home Insurance Costs With Home Replacement Value Scenarios

Scenario Laramie, WY Home Replacement Value MORE than Home Value Laramie, WY Home Replacement Value LESS than Home Value
Replacement Value $102,000 $75,000
Insurance Premium based on Replacement Value $600 $425
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $10,000 Risk Exposure from Under Insuring Coverage is $17,000
Premium Impact Insurance cheaper by $100/year Insurance costlier by $75/year

Example Laramie Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company State FarmFarmers InsuranceAllstate
Monthly Premium 11523114
Year Built 194920141981
Home Details 4 Beds, 2 Baths2 Beds, 1 Baths5 Beds, 1 Baths
Coverage Amount $300000-$350000$75000-$100000$250000-$300000
Deductible $2500-$5000 Deductible$2500-$5000 Deductible$1000-$2500 Deductible

Sample Home Insurance Rates for Laramie, WY from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1977 245,000 Asphalt Shingles Roof 1,960 4 $1000-$2500 Deductible 680 9 Brick siding No
1983 205,000 Asphalt Shingles Roof 1,560 3 $5000 to $10,000 Deductible 500 7 Stucco siding yes
1964 165,000 Wood Shake Roof 1,270 3 $2500-$5000 Deductible 250 7 Wood siding yes
1972 125,000 Metal Roof 1,250 3 $2500-$5000 Deductible 340 8 Wood siding yes
1997 470,000 Asphalt Shingles Roof 4,650 5 $500- $1000 Deductible 140 1 Brick siding yes
2003 305,000 Composition Roof 2,330 5 $500- $1000 Deductible 530 4 Brick siding yes
1969 150,000 Membrane Roof 1,370 3 $2500-$5000 Deductible 180 5 Stucco siding yes
1971 175,000 Wood Shake Roof 1,550 3 $500 Deductible 230 3 Vinyl siding No
1942 125,000 Shingles Roof 1,150 2 $500 Deductible 410 9 Vinyl siding yes
1979 450,000 Asphalt Shingles Roof 4,380 5 $500 Deductible 690 3 Wood siding yes
1973 200,000 Shingles Roof 1,800 3 $500- $1000 Deductible 530 6 Brick siding No
1998 225,000 Shingles Roof 1,900 3 $5000 to $10,000 Deductible 150 3 Vinyl siding yes
1966 205,000 Wood Shake Roof 1,830 3 $500 Deductible 260 3 Wood siding No
1992 280,000 Asphalt Shingles Roof 2,240 3 $2500-$5000 Deductible 530 8 Brick siding No
1974 180,000 Membrane Roof 1,440 3 $1000-$2500 Deductible 500 8 Wood siding yes
1970 220,000 Asphalt Shingles Roof 2,050 3 $1000-$2500 Deductible 460 7 Fiber-Cement Siding yes
1969 220,000 Wood Shake Roof 1,740 3 $5000 to $10,000 Deductible 220 3 Wood siding yes
1975 280,000 Membrane Roof 2,160 4 $500- $1000 Deductible 90 1 Brick siding No
1946 300,000 Shingles Roof 2,370 3 $500 Deductible 560 5 Stone Siding yes
1995 245,000 Membrane Roof 2,080 4 $500- $1000 Deductible 1380 12 Fiber-Cement Siding yes
2004 300,000 Metal Roof 2,610 5 $500- $1000 Deductible 1260 12 Wood siding yes
1982 225,000 Shingles Roof 2,010 4 $2500-$5000 Deductible 320 5 Wood siding yes
1967 290,000 Slate Shingles Roof 2,370 3 $5000 to $10,000 Deductible 530 7 Fiber-Cement Siding yes
1941 400,000 Wood Shake Roof 3,010 4 $5000 to $10,000 Deductible 1010 12 Stone Siding No
1978 185,000 Asphalt Shingles Roof 1,940 4 $5000 to $10,000 Deductible 420 9 Stone Siding No
1997 245,000 Slate Shingles Roof 2,310 3 $5000 to $10,000 Deductible 410 5 Stucco siding yes
1945 440,000 Wood Shake Roof 4,820 5 $1000-$2500 Deductible 1410 9 Fiber-Cement Siding No
1941 205,000 Metal Roof 1,570 2 $500- $1000 Deductible 400 4 Fiber-Cement Siding No
1944 255,000 Metal Roof 2,350 3 $2500-$5000 Deductible 760 12 Brick siding No
1982 160,000 Tile Roof 1,750 2 $500- $1000 Deductible 70 1 Stone Siding yes
1969 330,000 Composition Roof 3,690 5 $5000 to $10,000 Deductible 340 5 Stucco siding No
2014 350,000 Composition Roof 3,820 5 $5000 to $10,000 Deductible 810 10 Fiber-Cement Siding yes
1969 100,000 Membrane Roof 1,120 2 $2500-$5000 Deductible 240 9 Fiber-Cement Siding yes
2007 120,000 Composition Roof 950 2 $500 Deductible 200 4 Stone Siding yes

Latest Home Insurance Reviews

Amica Mutual Insurance
Amica is great for first time homebuyers and long time homeowners. They walk you through plans and work within your budget. Their agents are always very knowledgeable
Allstate
The deductibles are the best. Whenever I've needed them to see, they are always there.
Geico
We only have to contact them a handful time of time and communication are smooth. The representatives are calm and knowledgeable.
Liberty Mutual
Whenever I have sent them an email query, I have received a response within a day. Not just that they also follow up to find out if I had any additional concerns.
State Farm
I dislike the communication methods of the company, often the only way they notify you even if you are subscribed to email updates, is to mail you a notice that often may not arrive in time for you to know vital information about your account before a deadline
Allstate
My insurance company periodically checks in from time to time to see if I am satisfied. I like how they are always making sure that I am happy and trying to do better.
State Farm
I think State Farm is a little more expensive than others so I gave this a lower score. I think they charge a little extra for the great customer service and easy claims processes.

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