Home Insurance in Laramie, Wyoming
Homes in Laramie carry a median value of $319,500 - close to the Albany County median.
The typical home in Laramie was built around 1977. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 27% of homes were built before 1960, about 2 points above Albany County's 25%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Laramie is 53% single-family homes, 24% apartments in buildings with 5+ units and 6% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 61% of owner-occupied homes in Laramie have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Laramie has an owner-occupancy rate of 44% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
In Laramie, 59% of homes are primarily heated with natural gas.
FEMA rates Albany County's overall risk as Relatively Low, led by winter weather (Relatively High). Albany County had 71 active NFIP flood policies as of September 2026. See the full Albany County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Wyoming carries a statewide average premium of $1,853 per year.
Key figures
| Median home value | $319,500 |
|---|---|
| Median year built | 1977 |
| Owner-occupied share | 44% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Albany County | 71 |
| Home insurance premium | $1,853 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)