How Much Is Car Insurance in Wyoming? (June 2024)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byDenise Cristobal
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Updated: June 19, 2024

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In Wyoming, drivers pay about $896 a year for full coverage car insurance. Minimum coverage insurance costs around $265 per year.

The price you pay for car insurance depends on several factors, including your age, how much coverage you want, where you live, your driving history and even your credit history. Insurance companies use these factors to determine how likely you are to get into an accident and price your policy accordingly. Affordable and reliable policies are available, but it's important to understand these factors to find the best rate for your situation.

Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Wyoming Department of Insurance to get the most precise average costs for a variety of Wyoming drivers.

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These rates reflect the average cost of car insurance in Wyoming as of June 2024.

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Average Car Insurance Costs in Wyoming (June 2024)

The average cost of full coverage car insurance in Wyoming is $896 per year. Understanding the average cost of car insurance in your area is key to knowing if you're being offered an affordable or pricey insurance quote. Start by comparing car insurance quotes to see your options.

Below is the average auto insurance cost in Wyoming. It ranges from minimum to full coverage, giving you an idea of what you might pay per month or year.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$896Average Monthly Premium$75
100/300/100 Liability OnlyAverage Annual Premium$310Average Monthly Premium$26
State Minimum Liability OnlyAverage Annual Premium$265Average Monthly Premium$22

Why Are Car Insurance Rates Moderate in Wyoming?

Car insurance in Wyoming is generally affordable compared to the national average. A 100/300/100 full coverage policy in Wyoming costs around $896 annually or $75 per month, while the national average cost of car insurance for a similar policy is about $1,244 per year or $104 per month.

Factors that make Wyoming insurance rates more affordable include lower population density and fewer cars on the road, which result in less traffic and potentially fewer accidents and claims. Minimum coverage in Wyoming is about $265 per year or $22 per month, signaling additional savings for residents opting for state minimum coverage insurance.

Average Car Insurance Costs in Wyoming by Company

Car insurance premiums can vary widely between companies, even within the same state. In Wyoming, State Farm offers full coverage car insurance at an affordable annual rate of $745, while GEICO has the most expensive full coverage at around $1,035 per year. It's important to shop around and compare different car insurance quotes to find the cheapest car insurance in Wyoming.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
State FarmAnnual Premium$745Monthly Premium$62
FarmersAnnual Premium$813Monthly Premium$68
AllstateAnnual Premium$992Monthly Premium$83
GEICOAnnual Premium$1,035Monthly Premium$86
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Average Car Insurance Costs in Wyoming by Coverage Level

Car insurance premiums in Wyoming are also dependent on the selected coverage level. The average monthly cost for minimum coverage is approximately $22. Full coverage insurance with a $1,000 deductible costs around $75 per month. Despite its higher price, securing a full coverage policy is recommended due to its extensive protection against various incidents.

Adding comprehensive and collision coverage to your policy will raise your premium, but selecting a higher deductible can counter some of the added expense. When you choose a higher deductible, you agree to pay more out-of-pocket in the event of a claim, yet this strategy can make your regular premium payments more manageable. Remember, the deductible applies individually to each comprehensive and collision claim you file.

State Minimum Liability OnlyAverage Annual Premium$265Average Monthly Premium$22
100/300/100 Liability OnlyAverage Annual Premium$310Average Monthly Premium$26
300/500/300 Liability OnlyAverage Annual Premium$353Average Monthly Premium$29
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$745Average Monthly Premium$62
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$790Average Monthly Premium$66
300/500/300 Full Cov. w/$1,500 Ded.Average Annual Premium$832Average Monthly Premium$69
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$852Average Monthly Premium$71
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$896Average Monthly Premium$75

Minimum Car Insurance Requirements in Wyoming

In Wyoming, the minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $20,000 for property damage liability per accident. Uninsured/underinsured motorist coverage, personal injury protection (PIP) insurance and death liability coverage are not mandatory.

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    $25,000 for bodily injury liability per person

    This is the minimum amount required in Wyoming to cover the medical expenses of others if you're at fault in an accident.

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    $50,000 for bodily injury liability per accident

    This is the total minimum coverage for all injuries in an accident in which you're at fault in Wyoming.

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    $20,000 for property damage liability per accident

    This coverage pays for damages to another person's property resulting from an accident you cause in Wyoming.

Average Car Insurance Costs in Wyoming by Age

In Wyoming, age impacts the cost of car insurance, with younger drivers typically paying higher rates. The trend shows that car insurance premiums generally decrease as drivers mature from their twenties into their sixties. Drivers aged 22 to 29 often face the highest rates, paying an annual average of $1,025 for full coverage. Drivers who are 60 and older enjoy the lowest rate at $887 per year.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,025Average Monthly Premium$85
30-59Average Annual Premium$896Average Monthly Premium$75
60 +Average Annual Premium$887Average Monthly Premium$74

Average Car Insurance Costs in Wyoming for Teens

In Wyoming, your age and gender can impact your car insurance rates, with 16-year-old male drivers facing the highest premiums. When added to a family policy, 16-year-olds pay around $2,366 per year.

Teens under 18 typically need a parent to co-sign a car insurance policy. When opting for individual coverage, the premium increases to $3,870.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Annual Family Premium$2,366Annual Individual Premium$3,870
17Annual Family Premium$2,324Annual Individual Premium$3,361
18Annual Family Premium$2,122Annual Individual Premium$2,970
19Annual Family Premium$1,890Annual Individual Premium$2,453
20Annual Family Premium$1,888Annual Individual Premium$2,104
21Annual Family Premium$1,588Annual Individual Premium$1,797
22Annual Family Premium$1,419Annual Individual Premium$1,650
23Annual Family Premium$1,518Annual Individual Premium$1,531

Average Car Insurance Costs in Wyoming for New Cars

In Wyoming, the average annual premium for full coverage car insurance on a 2012 vehicle model is around $876, whereas the same coverage for a 2022 model costs more at $1,334 per year. This increased cost reflects the higher actual cash value of newer cars, elevated repair expenses and a greater risk of theft.

Drivers with newer vehicle models should consider investing in comprehensive and collision coverage, as it provides greater protection by covering damages beyond accidents, such as weather damage, vandalism and theft.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$876Monthly Premium$73
2022 VehicleAnnual Premium$1,334Monthly Premium$111
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ACTUAL CASH VALUE

Your vehicle's actual cash value (ACV) is the basis for your insurer's payout on comprehensive or collision claims. It reflects your car's market value minus depreciation at the time of the loss and determines the maximum amount your insurance company will pay.

Average Car Insurance Costs in Wyoming by Driving Record

The average cost of car insurance in Wyoming significantly varies based on a driver's record.

  • With a ticket: $1,219 per year; $102 per month
  • With an at-fault accident: $1,186 per year; $99 per month
  • With a DUI: $1,657 per year; $138 per month

The more severe the violation, the more car insurance premiums tend to increase in Wyoming. Violations such as DUIs can stay on your record for a long time, continuing to drive up your rates. In Wyoming, a DUI can affect your insurance premiums for several years.

Explore the table below by coverage and age group to find the average cost of car insurance in Wyoming for each type of driving record.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$896Average Monthly Premium$75
Accident $1000-$1999 Prop DmgAverage Annual Premium$1,186Average Monthly Premium$99
Speeding 11-15 MPH > LimitAverage Annual Premium$1,219Average Monthly Premium$102
DUI - BAC >= .08Average Annual Premium$1,657Average Monthly Premium$138

Average Car Insurance Costs in Wyoming by Credit Score

Your credit score significantly influences car insurance costs in Wyoming. Drivers with an excellent credit score pay an average annual premium of $661 full coverage with a $1,000 deductible. Drivers with lower scores can see rates climb as high as $1,282 per year for the same coverage.

A good credit score typically ranges from 670 to 739. Scores can range from below 580 (poor) to above 800 (excellent), each impacting your premium differently. Affordable insurance plans tend to be associated with higher credit scores.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$661Monthly Premium$55
GoodAnnual Premium$793Monthly Premium$66
FairAnnual Premium$924Monthly Premium$77
Below FairAnnual Premium$1,067Monthly Premium$89
PoorAnnual Premium$1,282Monthly Premium$107
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Factors Affecting Car Insurance Rates in Wyoming

These are the key factors that can influence your car insurance rate in Wyoming:

  • Age and Driving Experience: Younger drivers and those with less experience often face higher rates due to the increased risk of accidents.

  • Driving Record: Clean driving records can lead to lower premiums, while accidents and violations will likely increase costs.

  • Credit Score: Insurers consider credit history as an indicator of risk. A higher credit score can mean lower car insurance rates.

  • Vehicle Type: The make, model and year of your vehicle affect the cost of insurance. Expensive or high-performance vehicles typically cost more to insure.

  • Location: Urban areas with higher traffic density and theft rates may see increased insurance costs compared to rural areas.

  • Marital Status: Married individuals might receive lower rates as they are statistically less likely to file claims than single drivers.

  • Coverage Type: Opting for state minimum coverage can be more affordable. Although they cost more, consider adding collision and comprehensive insurance for better protection.

  • Deductible Amount: Choosing a higher deductible can lower your insurance premium, but it means more out-of-pocket expenses in the event of a claim.

  • Insurance History: Continuous insurance coverage can lead to better rates, while gaps in coverage may negatively impact the cost.

  • Discounts: Qualifying for discounts based on safety features, driving courses or bundled policies can significantly lower insurance expenses.

Wyoming drivers should evaluate their coverage needs and compare options to find the cheapest car insurance in The Cowboy State. Choose affordable, comprehensive insurance for financial safety.

How to Save Money on Car Insurance in Wyoming

To secure affordable car insurance in Wyoming, compare rates from multiple insurers, opt for a higher deductible and utilize all applicable discounts to reduce premiums.

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    Shop around for options

    Comparing quotes from multiple insurers can lead to finding the cheapest car insurance in Wyoming. Don't settle for the first offer.

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    Maintain a clean driving record

    A clean driving record can significantly lower your insurance premiums. Avoiding accidents and traffic violations can make you eligible for better rates and safe driver discounts.

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    Bundle insurance policies

    Bundling your car insurance with other policies like home or renters insurance can lead to discounts. Insurers often provide reduced rates for multiple policies.

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    Increase your deductible

    Opting for a higher deductible can reduce your monthly premiums. Ensure you can afford the deductible in case of a claim.

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    Look for discounts

    Many insurers offer discounts for various reasons, such as being a student or a military member or for installing anti-theft devices. Ask about available discounts to lower your rates.

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    Consider vehicle factors

    The type of vehicle you drive affects your insurance rates. Choosing a car that's not frequently stolen, has a strong safety record and has lower repair costs can lead to savings.

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    Review your coverage

    Regularly review your coverage to ensure it matches your current needs. Being overinsured can lead to unnecessary costs, and being underinsured can leave you vulnerable.

FAQ: Car Insurance Costs in Wyoming

Our answers to questions about the average cost of car insurance in Wyoming shed light on what Wyomingites might expect to spend on car insurance, helping you make informed decisions about your coverage.

What are the minimum car insurance requirements in Wyoming?
What is the average cost of full coverage and minimum coverage auto insurance in Wyoming?
What is the average cost of car insurance for a 22-year-old in Wyoming?
What are the cheapest car insurance companies in Wyoming?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.