Best Cheap Renters Insurance in Wyoming 2020

Wyoming is not one of the largest states in the United States; in fact, its 97,000 square miles is home to fewer than 600,000 people. Renting is not easy here, where 69.4% of housing is owner-occupied, but rent is certainly far more affordable at $843 compared to the average mortgage of $1,428.

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      Renters insurance is a must when you rent your home. It protects you from liability and helps you cover costs if your items are damaged, and some landlords even require renters insurance in the lease. It’s crucial that you find the right coverage for your home and belongings at a price you can afford, and in Wyoming, insurance can vary greatly.

      This is what you need to know before you buy your next Wyoming renters insurance policy.

      Best rental insurance companies in Wyoming

      When purchasing renters insurance, there are several points to consider. Wyoming may be a low-risk state when compared to renters insurance in other states like Florida or California. However, crime and acts of nature do occur, so you need to have the proper coverage in case the unthinkable happens.

      Here are our picks for the 2020’s best cheap renters insurance in Wyoming.

      • Allstate: Allstate is a solid choice. It’s known for helping people “be in good hands” and is a helpful option if you want to bundle renters insurance with auto. You can enjoy quick claims processing and affordable pricing on your renters insurance policy.
      • Amica: Amica has made a name for itself with its superior customer service standards, offering in-person agent interaction for help with your policy.
      • Geico: Geico boasts a 4 out 5 rating from Consumer Affairs for strong customer service paired with solid coverage that is reliable and effective.
      • State Farm: State Farm makes it affordable to have renters insurance regardless of your income, with an optional higher deductible for your policy so you can enjoy a lower monthly payment and better protection.
       
      AM Best financial rating
      J.D. Power customer satisfaction rating
      Better Business Bureau (BBB) rating
      Allstate
      A+ (Superior)
      2 out of 5
      A+
      Amica
      A+ (Superior)
      Not rated
      A+
      Geico
      A++ (Superior)
      Not rated
      A+
      State Farm
      A++ (Superior)
      5 out of 5
      A+

      Not all insurance companies are created the same, and people have different wants and needs for their insurance. These are the areas where each company shines.

      Best for Basic Coverage – Geico

      Geico consistently rates among the most reasonable renters policies, and it offers some great options for minimum coverage at affordable rates, regardless of your credit history.

      J.D. Power Rating
      N/A
      AM Best Rating
      A++
      Standard & Poor’s
      AA+
      SimpleScore
      3.3 / 5.0
      close
      SimpleScore Geico 3.3
      Discounts 3
      Coverage Options 2
      Customer Satisfaction N/A
      Support 4
      Accessibility 4

      Best for Discounts – State Farm

      State Farm makes it easy to save with an expansive savings program that includes discounts like multi-line and home security savings.

      J.D. Power Rating
      5/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore State Farm 4.2
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 5
      Support 4
      Accessibility 4

      Best for Customer Service – Amica

      Amica isn’t as well-known as some of the other Wyoming renters insurance companies, but it is our top pick for best customer service, having been voted the highest in customer satisfaction for the property insurance claim experience.

      J.D. Power Rating
      N/A
      AM Best Rating
      A+
      Standard & Poor’s
      A-
      SimpleScore
      4.6 / 5.0
      close
      SimpleScore Amica 4.6
      Discounts 5
      Coverage 5
      Customer Satisfaction 5
      Support 4
      Accessibility 4

      Best for Bundling – Allstate

      Allstate is known for offering one of the best car insurance policies, so it is an excellent choice if you’re looking to save some money on your auto policy too. The company specializes in extended coverage, so you never have to worry if disaster strikes.

      J.D. Power Rating
      2/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA-
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore Allstate 4.2
      Discounts 5
      Coverage Options 5
      Customer Satisfaction 2
      Support 4
      Customer Satisfaction 5

      These are the average annual rates for a Wyoming renters insurance policy. This is based upon $100,000 liability coverage for a 1,000 square foot rental property.

      • State Farm: $125
      • Allstate: $175
      • Amica: $208
      • Geico: $243

      Frequently Asked Questions

      Renters insurance is not legally required in Wyoming, but it is always a good idea even if your landlord doesn’t require it. Theft and crime occur regularly throughout every corner of the state, and you want to know your belongings are secure if you ever fall victim. Renters insurance can also help cover costs if someone is injured at your home and you are found liable or your dog bites someone.

      The cheapest renters insurance company in Wyoming will ultimately depend on you and your needs. Renters insurance policies are customized to each individual, using things like your address, your home’s size and construction and typical weather patterns to establish appropriate coverage. Get several quotes to find the cheapest renters insurance for you.

      Your insurance company will help you develop a renters insurance policy that provides protection from damage and loss. This not only includes common hazards like theft and fire, but it will also protect you from other expenses, such as medical expenses, liability coverage and housing fees in the event that your home becomes inhabitable.

      You will need to provide your personal details, including your birthday and social security number. Your address will also be necessary, as well as any relevant details for your property, such as its size and building type. You will also need to include the number of people who live at your address and the value of your personal property that you want to insure.

      Methodology

      SimpleScore

      The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
      For every review, our editorial team:

      • Identifies five measurable aspects to compare across each brand
      • Determines the rating criteria for each aspect score
      • Averages the five aspect scores to produce a single SimpleScore™

      Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews. You can also review more detail on our Simplescore renter insurance methodology.

      Why do some brands have different SimpleScores on different pages?

      To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

      However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

      Discounts

      We awarded higher scores to insurance providers with more discounts available on their website.

      Coverage Options

      We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.

      Support

      We awarded higher scores to renters insurance providers with the most channels for customer support.

      Customer Satisfaction

      We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

      Accessibility

      We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.

      Lena Borrelli

      Contributing Writer

      Lena Borrelli is a Tampa-based freelance writer who has worked with leading industry titans, such as Morgan Stanley, Wells Fargo, and Simon Corporation. Her work has most recently been published on sites like TIME, ADT, Fiscal Tiger, Bankrate and Home Advisor, as well as many other websites and blogs around the world.