Best and Cheapest Renters Insurance in Wyoming for 2024 (10 Most Affordable Companies)

USAA, Liberty Mutual, and State Farm offer the best and cheapest renters insurance in Wyoming. All three companies offer competitive rates starting as low as $13 per month.

USAA leads with exceptional customer satisfaction and affordable pricing, while Liberty Mutual offers broad coverage options. State Farm is ideal for those seeking nationwide availability and reliable service.

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$13	A++	Military Focus	USAA
	#2	$17	A	Broad Coverage	Liberty Mutual
	#3	$19	B	Nationwide Presence	State Farm
	#4	$23	A++	Flexible Discounts	Travelers
	#5	$25	A+	Competitive Pricing	Progressive
	#6	$26	A	Customer Loyalty	American Family
	#7	$26	A++	Affordable Rates	Geico
	#8	$27	A+	Reliable Service	Nationwide
	#9	$30	A	Custom Policies	Farmers
	#10	$36	A+	Strong Reputation	Allstate

These top providers stand out for their combination of affordable premiums, comprehensive coverage, and strong customer service in Wyoming.

See how much you could save on coverage by entering your ZIP code into our free quote comparison tool.

What You Should Know

• USAA offers the best and cheapest renters insurance in Wyoming with rates as low as $13
• Wyoming renters can benefit from competitive pricing and valuable discounts
• College students off-campus need their own renters insurance for full coverage

#1 – USAA: Top Overall Pick

Pros

• Military-Focused Coverage: USAA’s renters insurance in Wyoming caters to military families with benefits like deployment and shared housing support. Find out more in our USAA review.
• Affordable Costs: With premiums starting at just $13/month, USAA provides the best and cheapest renters insurance in Wyoming for eligible members.
• Reliable Customer Support: USAA offers top-rated A++ service for military renters in Wyoming needing a personal touch.

Cons

• Membership Limits: USAA’s renters insurance in Wyoming is available only to military families, excluding other renters.
• Limited Local Branches: Primarily digital, with fewer in-person options for renters in Wyoming seeking face-to-face service.

#2 – Liberty Mutual: Best for Broad Coverage

Pros

• Broad Coverage Options: Liberty Mutual's Wyoming renters' insurance has customizable policies to suit all kinds of needs.
• Affordable Premium: For just $17 a month, Liberty Mutual is one of the top and most affordable renters insurance choices in Wyoming. Learn more in our Liberty Mutual review.
• Strong Financial Rating: With its A rating, Liberty Mutual offers financial stability to Wyoming renters.

Cons

• Rate Increase: When more coverage is added, Liberty Mutual's premium increases, which may deter renters in Wyoming due to less affordability.
• Inconsistent Quality of Service: Renters in Wyoming may need customer service on which they can depend.

#3 – State Farm: Best for Nationwide Presence

Pros

• Nationwide Access: State Farm’s presence ensures renters across Wyoming can easily access the best and cheapest renters insurance.
• Simple Policies: State Farm offers straightforward coverage, ideal for renters in Wyoming who value clarity and simplicity.
• Competitive Rates: At $19/month, State Farm delivers affordable coverage for renters in Wyoming. Read more in our State Farm review.

Cons

• Basic Coverage Only: Limited customization may only meet the needs of some renters in Wyoming.
• Lower Rating: A B rating reflects room for improvement compared to competitors in Wyoming.

#4 – Travelers: Best for Flexible Discounts

Pros

• Flexible Discounts: Travelers offers multiple discount options, making it a top choice for the best and cheapest renters insurance in Wyoming.
• A++ Financial Rating: Travelers ensures reliability and strong claims support for renters in Wyoming. Explore further in our Travelers review.
• Customizable Policies: Travelers provides flexible coverage options to suit renters’ unique needs in Wyoming.

Cons

• Higher Premiums: At $23/month, Travelers is slightly costlier compared to other providers of renters insurance in Wyoming.
• Limited Local Presence: Traveler's few local agents may reduce in-person service options for renters in Wyoming.

#5 – Progressive: Best for Competitive Pricing

Pros

• Competitive Price: From our Progressive review, they provide very affordable Wyoming renters insurance, starting at $25/month.
• Additional Add-Ons: Renters in Wyoming can also add several optional add-ons to their policies that best suit their individual needs.
• User-Friendly Tools: Progressive's online tools allow renters to handle their policies in search of the best and cheapest renters insurance in Wyoming.

Cons

• Inconsistent Customer Service: Renters in Wyoming may find themselves experiencing variable service, depending on location and representatives.
• Fewer Discounts: Progressive offers fewer discounts to Wyoming renters, which may affect potential savings for some customers.

#6 – American Family: Best for Customer Loyalty

Pros

• Customer Loyalty Rewards: Renters in Wyoming enjoy the American Family's special benefits given to long-term policyholders.
• Competitive Rates: With a $26/month rate, American Family can easily compete for the best and most affordable Wyoming insurance for renters.
• Variety of Coverage Options: As per our American Family review, they offer multiple plans to accommodate Wyoming's renters who have different needs.

Cons

• Limited Availability: Some features of American Family might only be available to some renters across Wyoming.
• Average Financial Rating: With an A rating, American Family is solid but less strong than other top providers in Wyoming.

#7 – Geico: Best for Affordable Rates

Pros

• Affordable Rates: Geico offers renters insurance starting at $26/month, making it one of the best and cheapest options in Wyoming.
• A++ Financial Strength: Geico’s top-tier financial rating ensures reliable claims handling and long-term stability for renters in Wyoming.
• Convenient Online Management: Geico’s digital platform makes it easy for Wyoming renters to manage policies. See more details on our Geico renters insurance review.

Cons

• Third-Party Underwriters: Coverage in Wyoming is provided by partner companies, which may affect service consistency.
• Limited Discounts: Geico offers fewer savings opportunities for renters in Wyoming compared to competitors.

#8 – Nationwide: Best for Reliable Service

Pros

• Reliable Service: According to our Nationwide review, the company provides reliable renters insurance at a cost of $27/month to Wyoming state residents.
• Strong Financial Rating: This company gets an A+ rating, which may provide solid security and confidence for Wyoming renters.
• Personalized Policy: Renters can customize protection in accordance with their particular Wyoming needs.

Cons

• Higher Premiums: Nationwide's $27/month rate isn't among the most affordable rates for Wyoming renters.
• Fewer Discounts: Their discount options are limited compared to other providers in Wyoming.

#9 – Farmers: Best for Custom Policies

Pros

• Custom Policies: Farmers allow renters in Wyoming to tailor coverage for unique needs.
• Local Agents: Farmers provide personalized service through local agents across Wyoming. Get more information in our Farmers review.
• Solid Reputation: Farmers is backed by an A rating, offering reliable renters insurance in Wyoming.

Cons

• Higher Costs: At $30/month, Farmers is less competitive for the best and cheapest renters insurance in Wyoming.
• Limited Digital Tools: Farmers' online management options may not be as advanced as other providers in Wyoming.

#10 – Allstate: Best for Strong Reputation

Pros

• Strong Reputation: Allstate is known for reliable service and trustworthiness for renters in Wyoming.
• Customizable Policies: With Allstate, renters in Wyoming can choose from a range of coverage options to suit their needs.
• Nationwide Agent Network: Allstate provides extensive in-person service options for Wyoming renters. Unlock details in our Allstate review.

Cons

• High Premiums: At $36/month, Allstate is among the costliest for renters insurance in Wyoming.
• Fewer Discounts: Allstate offers fewer savings opportunities than other providers in Wyoming.

Exploring Coverage Options for Your Renters Insurance Policy

Just like any other policy, you can usually customize your renters insurance coverage to get exactly what you need. A standard policy contains some form of the following types of renters coverage:

• Personal Property Coverage: Personal property coverage pays the replacement cost for the personal items you keep in your apartment should they be damaged or destroyed. The policy will usually have a list of covered losses or perils, so make sure to look this over closely.

• Liability Coverage: Liability insurance pays for medical expenses if someone is injured in your apartment.

• Loss of Use Coverage: Loss of use pays for your hotel and food expenditures when you are unable to stay in your apartment because of damages. This may also be called additional living expense coverage or temporary living expenses coverage.

Beyond these basic coverage options, you may also be able to purchase additional coverage like identity theft protection, guest medical payments coverage, and other optional coverages.

People who keep expensive items in their rental unit, like musical instruments, jewelry, or sports equipment, may wish to increase their coverage limits for additional peace of mind.

Average Renters Insurance Costs in Wyoming by Provider

While Wyoming renters insurance rates depend on factors specific to you and your apartment — such as your age, marital status, credit score, and ZIP code — insurance policy rates also depend on the company you choose. Explore our guide, 6 Reasons Every 20-Something Needs Renters Insurance, for valuable insights and practical tips.

Some companies may offer renters insurance in Wyoming for a cheaper rate than others. In the table below, you can see the average cost of renters insurance in Wyoming with some of the largest companies in the state.

Insurance Company	Minimum Coverage	Full Coverage
	$36	$155
	$26	$111
	$30	$130
	$26	$111
	$17	$75
	$27	$114
	$25	$106
	$19	$82
	$23	$98
	$13	$57

The table gives the average renters insurance cost in Wyoming for some of the largest providers. You can see the minimum and full coverage rate comparisons to find the most affordable option.

Among these, USAA and Liberty Mutual emerge as leading with the lowest rates. Other companies may have relatively competitive pricing, but the benefits are customized for the policyholders. This will help you get a policy that fits your requirements and meets your budget.

Renters Insurance for College Students in Wyoming

When it comes to renters insurance in Wyoming, college students have specific needs that differ depending on whether they live on or off campus. For students residing in dorms, the good news is that personal belongings are typically covered under their parents' homeowners insurance policy.

However, this protection generally only applies while the student is living on campus. If the student rents an apartment off-campus, they will need to secure their own renters insurance in Wyoming, as personal property won't be covered by their parent's home insurance in Wyoming.

Renters' insurance in Wyoming offers all college students who are renting off-campus apartments, for instance, essential protection against loss or damage of personal property caused by theft, fire, or other occurrences. For those seeking affordable protection, cheap renters insurance in Wyoming is available, with policies often starting at low monthly rates.

If you are considering Wyoming renters' insurance, make sure to compare home insurance quotes Wyoming has to offer and find the best coverage at an affordable price.

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Another important point is that renters insurance should not be shared with one's roommates. Each student needs to have a separate policy in his or her name to cover their personal property properly. With the average renter's insurance being fairly inexpensive in Wyoming, this is one of the most prudent and inexpensive ways for college students to protect themselves. For more information, read our guide on whether both roommates need renters insurance.

Whether you are a college student or a local resident, consider the value of securing cheap homeowners insurance policies in Wyoming while searching for the best homeowners insurance Wyoming has to offer.

Property Crime in Wyoming and Its Impact on Insurance Needs

Property crime rates in Wyoming are much lower compared to the national average; this assures its residents of a higher security level. In 2016, the state recorded 11,460 property crimes, which included 1,771 burglaries and 8,889 larceny thefts. Such statistics suggest a relatively safer environment that positively influences Wyoming home insurance quotes and the average cost of homeowners insurance in Wyoming, often making coverage cheaper.

With such low crime rates, renters and homeowners alike have insurance protection. The average Wyoming renters insurance is about $15 per month and can cover theft, vandalism, and liability-all important in case of any unexpected incidents. Similarly, Wyoming homeowners insurance is a form of financial security, especially within a state with tenant-friendly laws and no rent control. For additional details, check out our in-depth guide, "5 Reasons Renters Insurance is Worth $15 a Month."

Affordable options for cheap home insurance in Wyoming help residents get protection while enjoying safety and have a lower risk profile within the state. Whether looking for the cheapest home insurance in Wyoming or how much renters insurance costs in Wyoming, it's clear that the combination of reasonable coverage with a low-crime environment in Wyoming is a win with the residents.

Ways to Save Money on Renters Insurance in Wyoming

Renters insurance may be more affordable than other types of insurance, but no one wants to overpay. Fortunately, there are several ways customers save money on renters insurance to keep their monthly payments low while maintaining adequate coverage. So, how can you reduce your Wyoming renters insurance premium and free up some extra cash?

Here are the top 5 ways to save on your renters insurance:

• Raise your deductible.
• Ask about potential renters insurance discounts.
• Bundle your policies.
• Determine the value of your personal property.
• Pay in full by check.

If you bundle your auto policy with a homeowners or renters insurance policy with the same insurance provider, you will usually receive a multi-line discount (this might also be available for bundling with other insurance products, such as a life insurance policy or boat insurance policy). Some insurance carriers also reduce your monthly premium for safety devices in your apartment, such as a smoke detector, protective devices like a burglar alarm or deadbolt locks, or for setting up automatic payments.

A wide range of discount options may be available, so make sure to ask renters insurance companies about your options when you're shopping around for quotes. If you're looking for the most affordable rate, get an online quote for a renters policy from at least three companies before making a decision.

Insurance Company	Available Discounts
	Multi-Policy, Multi-Vehicle, Defensive Driving, Loyalty, Early-Bird Renewal, Good Student, Low Mileage, Young Volunteer, Legacy, Away-at-School
	Multi-Policy, Multi-Vehicle, Good Student, Safe Driver, Defensive Driving, Pay-In-Full, Early Shopping, Alternative Fuel Vehicle, Teen Driver, Homeowner, Electronic Billing
	Multi-Policy, Multi-Vehicle, Good Student, Federal Employee, Military, Defensive Driving, New Vehicle, Anti-Theft, Vehicle Safety Features, Accident-Free, Five-Year Good Driver, Seat Belt Use
	Multi-Policy, Multi-Car, Good Student, Homeowner, Vehicle Safety Features, Violation-Free, Hybrid Vehicle, New Graduate, New Vehicle, Paperless Billing
	Multi-Policy, Multi-Car, Good Student, Safe Driver, Defensive Driving, Anti-Theft, Automatic Payments, Accident-Free, Paperless Billing, Smart Ride Usage-Based Program
	Multi-Policy, Multi-Car, Continuous Insurance, Good Student, Safe Driver, Homeowner, Teen Driver, Online Quote, Pay-In-Full, Sign Online, Paperless Billing
	Good Student, Accident-Free, Defensive Driving, Safe Vehicle, Multi-Car, Multi-Policy, Anti-Theft, Vehicle Safety Features, Good Driving Habits (Drive Safe & Save)
	Multi-Policy, Homeownership, Continuous Insurance, Safe Driver, Hybrid Vehicle, Good Student, Driver Training, New Vehicle, Pay-In-Full, EFT, Early Quote
	Safe Driver, Good Student, New Vehicle, Military, Multi-Policy, Defensive Driving, Annual Mileage, Family Legacy
	Multi-Policy, Multi-Car, Continuous Insurance, Good Student, Safe Driver, Homeowner, Teen Driver, Online Quote, Pay-In-Full, Sign Online

The table compares the available discounts offered by various insurance companies for renters insurance in Wyoming. It highlights the different types of discounts that can apply to renters based on various factors such as bundling policies, vehicle safety features, good student status, defensive driving courses, and more.

Each insurance company provides unique combinations of discounts aimed at rewarding responsible behaviors, loyalty, and specific life circumstances. These discounts can help customers reduce their premiums by meeting certain qualifications.

Clearsurance's Ranking of the Best Renters Insurance in Wyoming

Clearsurance ranks the best renters insurance companies in Wyoming based on price, customer service, claim service, and likelihood of renewal. Their rankings come from customer reviews, reflecting satisfaction with Wyoming home insurance, cheap homeowners insurance in Wyoming, and Wyoming house insurance rates.

The algorithm considers the average monthly cost for renters insurance in the US and the most common renters insurance options. While Wyoming does not require renters insurance, landlords may still mandate it. For tenants, understanding landlord entry rights and whether Wyoming is a tenant-friendly state is key.

Is insurance cheaper in Wyoming? It can be, but it varies by provider and location. Clearsurance also highlights which insurance company is usually the cheapest in the state based on customer feedback.

For renters seeking affordable options, Wyoming renters insurance offers competitive rates, and Clearsurance helps identify the best providers based on customer satisfaction.

How Claim Trends Impacts Renters Insurance in Wyoming

When considering the best and cheapest renters insurance in Wyoming, one must remember how claim trends could affect insurance rates. Though this data is based on auto insurance claims, the claims frequency and cost indicate broader trends that would have affected insurance premiums, including for renters insurance. Residents of Wyoming will be able to gain from this insight in better evaluating risk factors and then selecting a relatively affordable and reliable renters insurance policy.

Claim Type	Portion of Claims	Cost per Claim
Rear-End Collision	29%	$5500
Fender Bender	22%	$3200
Single Vehicle Accident	18%	$7800
Theft Claim	17%	$2100
Side-Impact Collision	14%	$6000

The table highlights common claim types, offering valuable insight into the kinds of risks that may influence insurance premiums. For renters in Wyoming, similar patterns of losses—such as theft or liability incidents—can affect their rates. While rear-end collisions dominate, with 29% of claims costing $5,500 on average, theft claims are less costly at $2,100 but occur in 17% of cases. For renters, ensuring theft protection in their policy can mitigate these potential costs.

City	Accidents per Year	Claims per Year
Charlotte	3,870	1,540
Durham	2,450	1,020
Fayetteville	3,210	1,300
Greensboro	4,320	1,760
Raleigh	5,640	2,200

This will involve an evaluation of local trends in claims, whether auto or renters insurance, to find the cheapest renters insurance in Wyoming. The table below provides annual accident and claim rates for cities, which should give a parallel of renters' insurance trends in the urban parts of Wyoming. Higher claims in cities like Cheyenne or Casper might reflect slightly higher premiums due to more risk factors, while smaller towns could enjoy lower rates.

Understanding claim trends can further help in finding the best, affordable renters insurance in Wyoming, whether one is concerned about theft or liability insurance coverage. You want to know how the variations in claim types and regional trends influence premiums so you may make informed decisions on how you want to be protected while making sure that it stays in your budget.

Maximizing Savings and Understanding Risks for Renters Insurance in Wyoming

Renters' insurance in Wyoming protects from sudden risks like bad weather, theft, and accidents. Utilizing available discounts and understanding state-specific risk factors will allow renters to find more affordable policies that meet their needs. The tables below outline some popular discounts and main risk categories to help you make informed decisions.

Discount Name	Grade	Savings	Participating Providers
Multi-Policy Discount	A	0.25%	Geico, State Farm, Farmers
Good Driver Discount	A	0.2%	Progressive, Allstate, Nationwide
Low-Mileage Discount	B	0.15%	Liberty Mutual, Travelers
Defensive Driving Course	B	0.1%	The Hartford, State Farm
Vehicle Safety Features	C	0.05%	Farmers, USAA

Numerous discounts are available for Wyoming renters to use to reduce insurance premium rates. Multi-policy bundles provide some of the best savings opportunities, followed by safe driving and anti-theft device discounts. In addition, Wyoming renters should consider whether theft is included in renters' insurance for extra protection. Major providers such as State Farm, Geico, and Allstate lead these options in savings and coverage choices.

Category	Grade	Explanation
Weather-Related Risk	A	High storm and hail damage risk
Traffic Density	B	Moderate, mainly urban impact
Average Claim Size	B	Slightly above average
Vehicle Theft Rate	C	Below average but rising in cities
Uninsured Drivers Rate	C	High compared to nearby states

Among the factors that affect renters' insurance in Wyoming, weather conditions, traffic density, and car theft rates are significant factors. High storm-related risk and moderate traffic density determine the rates. In contrast, increased vehicle theft rates in recent times in urban areas and the presence of uninsured drivers further raise the cost of the policy. Understanding these elements will help find the state's ideal renters' insurance.

Renters can get comprehensive and reasonably priced coverage by investigating Wyoming's discounts and particular risk factors. Save where possible, and pick a policy that provides security for your home and personal property.

Unlock Big Savings with the Cheapest Renters Insurance in Wyoming

USAA, Liberty Mutual, and State Farm provide the best and cheapest renters insurance in Wyoming, starting for as low as $13 monthly. USAA is first in customer satisfaction and price, Liberty Mutual provides a wide range of coverage options, while State Farm offers consistent service across the country.

Renters' insurance generally covers personal property, liability, additional living expenses, and other endorsements, such as identity theft protection. Average rates in Wyoming start at approximately $15 per month. Students who live off-campus should have their own renters' insurance policy, as parents' homeowners' insurance does not apply. Expand your knowledge with our in-depth resource, "A Practical Guide to Understanding Renters Insurance."

Save on premiums by bundling policies, using safety devices, and finding any discounts available. Wyoming's low property crime rates help keep insurance costs lower. Comparing quotes from multiple providers will yield the best and cheapest renters insurance in Wyoming.

Don’t let expensive insurance rates hold you back. Enter your ZIP code and shop for affordable premiums from the top companies.