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.
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 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 |
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 |
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 |
Place | Savings For Senior Occupied Homes |
---|---|
Laramie | $110 to $113 |
South Albany | $115 |
East Albany | $138 |
Albany County | $111 |
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 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Laramie, WY | 4.2% | 15.0% |
South Albany | 4.93% | 17.5% |
Albany County | 4.24% | 15.21% |
Centennial | 7.11% | 23.14% |
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 |
Low Deductible | High 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 |
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 |
Insurance Company | State Farm | Farmers Insurance | Allstate |
Monthly Premium | 115 | 23 | 114 |
Year Built | 1949 | 2014 | 1981 |
Home Details | 4 Beds, 2 Baths | 2 Beds, 1 Baths | 5 Beds, 1 Baths |
Coverage Amount | $300000-$350000 | $75000-$100000 | $250000-$300000 |
Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible | $1000-$2500 Deductible |
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 |