Wyoming Homeowners Pay Mid-Range Insurance Costs In The Country

Wyoming homeowners face mid-range insurance premiums compared with the rest of the U.S.

While not as high as those in Gulf Coast states, Wyoming’s costs trend above some of its Mountain West neighbors, reflecting risks tied to severe weather and wildfire exposure.

New data from the U.S. Census Bureau and the 2025 Climate Risk Report help place Wyoming in the national context.

Wyoming’s Insurance Costs in Context

According to the American Community Survey (ACS) data from the U.S. Census Bureau, Wyoming homeowners with a mortgage typically pay $1,500–$1,999 annually for homeowners insurance, while those without a mortgage average $1,000–$1,499. Overall statewide costs also fall into the $1,500–$1,999 range.

Wyoming has 183,683 insured homeowner households in total—97,188 with a mortgage and 86,495 without. Among mortgaged owners, 8,038 pay less than $100 annually and 9,188 pay $4,000 or more. Among those without a mortgage, 17,543 pay less than $100 and 5,266 pay $4,000 or more.

Compared with nearby states, Wyoming is mid-range. Montana and North Dakota homeowners with a mortgage also average $1,500–$1,999, while South Dakota falls into the same category. Idaho is more affordable, with mortgaged owners paying $1,000–$1,499. By contrast, Colorado is far more expensive, averaging $2,000–$2,499 for mortgaged households. This places Wyoming between its more affordable northern neighbors and its higher-cost southern counterpart.

Climate Risks Across the Region

The Climate Risk Report highlights how the steepest insurance burdens are concentrated in states like Florida and Louisiana. Miami homeowners lead the nation, paying an average of $22,718 annually, or 3.7% of home value. Other Florida metros such as Cape Coral, Sarasota, and Tampa also rank among the most expensive.

Wyoming does not appear in the report’s list of metros with the steepest insurance burdens. However, wildfire is a concern across the Mountain West. Nationally, 5.6% of homes—worth $3.2 trillion—face severe or extreme wildfire risk, much of it concentrated in California and surrounding states. Wyoming’s forested areas and dry summers expose it to wildfire threats, though its smaller housing market helps keep premiums lower than in nearby Colorado.

A National Affordability Challenge

Even though Wyoming premiums fall in the mid-range, affordability is a pressing issue nationwide. The Realtor.com 2025 Insurance Affordability Report found that 75% of Americans believe homeowners insurance could soon become unaffordable, while nearly half of respondents said they had already struggled with renewing or obtaining coverage.

These rising costs are also influencing housing choices. Nearly 30% of buyers said they had completely changed the areas they were searching because of insurance concerns, while another quarter reported overhauling their strategies altogether. A recent migration analysis shows that some households are relocating to areas with the lowest home insurance premiums, shifting demand across states.

Even more concerning, 58% of homeowners nationwide said they would consider dropping insurance altogether if premiums rose too high, with younger buyers especially likely to take that risk.

Wyoming’s Outlook

For Wyoming homeowners, current premiums place the state in the middle of the pack—more expensive than some nearby states but far cheaper than Colorado. Still, with wildfire and severe weather risks rising across the Mountain West, residents may want to use a home insurance comparison tool to evaluate coverage options. Affordability could become a greater challenge in the years ahead as climate pressures intensify.

This article was produced with editorial input from Dina Sartore-Bodo, Gabriella Iannetta, and Allaire Conte.