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

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

Your car insurance price depends on your age, coverage amount, location, driving history and credit history. Insurers assess these to determine your accident risk and set your policy price. A good driving record and strong credit can reduce costs, while poor histories usually raise premiums. Understanding these factors helps you find the best policy for your needs.

The average cost of full coverage car insurance in Wyoming is $896 annually. Understanding your area's average car insurance price is key to knowing if you're getting a fair quote. Compare car insurance quotes to see your options.

Here's the average auto insurance cost in Wyoming, ranging from minimum to full coverage, to give you an idea of what you might pay monthly or yearly.

Car insurance in Wyoming is generally more affordable than the national average. A 100/300/100 full coverage policy in Wyoming costs around $896 annually or $75 monthly, while the national average is $1,296 per year or $108 per month. Minimum coverage is $265 per year or $22 per month.

Factors that make Wyoming insurance rates affordable include lower population density and fewer cars on the road, which result in less traffic and potentially fewer accidents and claims.

Car insurance premiums vary widely between companies, even within the same state. In Wyoming, State Farm offers full coverage car insurance at only $745, while GEICO has the most expensive full coverage at around $1,035 per year. Compare car insurance quotes to find the cheapest car insurance in Wyoming.

Car insurance premiums in Wyoming also depend 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 coverages 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 case of a claim, yet this strategy can make your regular premium payments more manageable. Remember, the deductible applies to each claim you file.

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.

In Wyoming, age impacts the car insurance cost, with younger drivers typically paying higher rates. Premiums decrease as drivers age and gain experience, reflecting their decreasing risk. 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.

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.

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 $1,334 per year. This increased cost reflects newer cars' higher actual cash value, repair expenses and theft risk.

Drivers with newer vehicle models should consider investing in comprehensive and collision coverages for greater financial protection against damage beyond accidents, such as weather damage, vandalism and theft.

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

Drivers in Wyoming understand that maintaining a clean driving record is crucial for minimizing car insurance expenses. The seriousness of an offense can considerably affect insurance rates in the state. For instance, in Wyoming, a DUI can impact your insurance premiums for up to five years.

Examine the table below by coverage and age group to find out how different violations might alter what you pay for your car insurance in Wyoming.

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.

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: Your car's make, model and year 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 have higher insurance costs than 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 insurance 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. Choose affordable, comprehensive insurance for financial safety.

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

Understand what to expect and make informed decisions about your coverage. Here are answers to questions about car insurance costs in Wyoming.