Home Insurance in Cheyenne, WY
The right home insurance in Cheyenne, WY, lets you live the legend of this historic town.
Cheyenne grew so rapidly in its early years that it was dubbed the Magic City of the Plains, and it certainly lives up to that reputation today. With an approximate population of 65,000 people, it is both the capital and largest city in Wyoming. The cost of living is slightly higher than the national average, with the average price of a Cheyenne home just under $280,000.
Winter weather lovers revel in the beauty of the surrounding high plains, but you had better be prepared for the cold that rolls in quickly in the fall. At an elevation of just over 6,000 feet, residents can expect to see winter lows in the teens and close to five feet of snow throughout the winter. That much snow can quickly compromise roofs, leading to damage. Shop with VIU by HUB for home insurance in Cheyenne, WY, to protect your investment.
When shopping for a home policy in Cheyenne, you want to choose coverage that addresses the unique risks posed in the area. For most homeowners, a standard policy will be sufficient. These typically include liability insurance, structural damage coverage and personal property protection. However, you may need to customize your policy to include high-value items, unusual architectural features or a unique liability risk.
According to Risk Factor. virtually all properties in Cheyenne face an extreme risk of fire damage over the next 30 years. Snow and winter weather also pose a risk to properties in the city. Most home insurance in Cheyenne will cover this type of damage, but it's a good idea to review your policy beforehand, just in case.
Property crime in Cheyenne is higher than most other areas in the state. Neighborhood Socut reports that there are approximately five burglaries for every 1,000 people in the city, which is nearly double the national average. This directly impacts the cost of home insurance in the city.
The average price of a comprehensive home policy in Cheyenne is $2,200 per year, which is about $500 more than the state average and almost $400 more than the national average for similar coverage. The city's large population and high property crime rates are likely contributing factors to the higher-than-average rates for home insurance in Cheyenne, WY.
While location plays a large role in how much you pay for home insurance, your premium is based on more than your zip code. Individual underwriting criteria, including your credit score and claims history, are also relevant. Some other factors that impact your rates include the following:
Luckily, there are many ways to save on home insurance. For example, you can install a security system or connected home device to reduce the risk of burglary or vandalism. Another great approach is to shop multiple carriers so you can compare coverage and rates between them. Finally, be sure to take advantage of all available discounts that you qualify for.
Use VIU by HUB when purchasing or renewing your home insurance in Cheyenne, WY. Fill out one simple form and get access to multiple policy quotes from several companies. Then, you can compare your options and make an informed choice for complete, affordable coverage.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
