Wyoming Renters Insurance

Many people mistakenly think that if they are renting a place to live, they don’t need renter’s insurance. If you live in Wyoming and are leasing your place of residence, you should learn about the value of renter’s insurance and the coverage it provides for your personal belongings and cherished possessions.

Why It’s Important to Have Renters Insurance in Wyoming
Given the current state of the housing market, more people than ever are choosing to rent rather than buy. But as the number of renters continues to increase, the number of people actually purchasing renter’s insurance is not. It is estimated that only 43% of people who rent carry renter’s insurance. Insurance experts agree that there are many reasons why people don’t have renter’s insurance. Some misguided explanations are:

  1. They think renter’s insurance coverage will be too expensive.
  2. They think their landlord’s coverage will pay for their personal losses or damage.
  3. They think they don’t own enough personal property to make it worthwhile.
  4. They greatly underestimate the value of their belongings.


Your landlord’s homeowner coverage does protect the actual building you are renting and also the land it is built on. But all the items you have inside of your apartment or rental home are your responsibility. Without proper renter’s insurance, this means that you alone will have to replace the lost or damaged items. Just imagine having to buy everything at today’s market value. This is probably the most compelling reason why people make the smart decision to purchase and carry renter’s insurance.

It’s a well-known fact that most people severely underestimate the monetary value of their possessions. An easy way to calculate this is to make a complete inventory of everything you own and put a current price tag on each item. You will probably be amazed at how quickly it adds up. You should include furniture, clothing, appliances, electronic equipment, rugs, jewelry and all other items inside of your home or apartment. Unless you can afford to personally pay to replace all of this property, renter’s insurance is the safest option.

How to Save Money on Renters Insurance
As you’ve already discovered, Wyoming renter’s insurance is very affordable. Here are more ways to save on an annual renter’s insurance premium:

  1. Choose a higher deductible. This will lower the overall cost of a policy.
  2. If they aren’t already present, install smoke alarms, deadbolt locks and a security system in your rental property. Having these safety features will generally give you a discounted price on your annual premium.
  3. If you qualify, ask about discounts for seniors (55+), AAA membership, or other organizational discounts.
  4. Some insurance companies offer savings to non-smokers. Ask about this possibility.

And lastly, shop around. Our friendly, highly-trained agents are available 24/7 to help you find the best possible Wyoming renter’s insurance at a reasonable price. From the comfort of your home or office, you can quickly and easily compare policies and get quotes from several different companies. You can then choose the policy which offers you great protection coverage at a price you can afford. Don’t put off this important decision. Contact us today and we’ll help you get started!