How Much Is Car Insurance in Wyoming? (2023)

Many factors affect how much car insurance costs in Wyoming, including your choice of insurer, number of drivers, credit history, driving record and coverage levels.

The average cost of full coverage car insurance for young drivers is $986 per year, while it’s $844 per year for drivers in their 60s. State Farm offers Wyoming’s cheapest average full coverage car insurance at $745 yearly, while GEICO is the most expensive insurer at $1,035 annually.

The average cost of car insurance in Wyoming is $854 per year, but many factors affect how much you pay, including your coverage levels and driving history.

Wyoming drivers at fault for an accident will see their rates increase to $1,159 yearly, while drivers with a speeding ticket pay an annual average of $1,195. Drivers with a DUI receive a significant increase in their rates, paying $1,631 a year on average.

Since the above rates are for a full coverage policy, your insurance costs will typically lower if you buy minimum coverage.

The average yearly cost of a full coverage policy in Wyoming of $854 is lower than the national annual average of $1,054, making it the 12th cheapest state for a policy. Your car insurance rates will generally be more affordable if your location has a lower vehicle theft rate, lower urban population density and lower traffic density.

If your rates are more expensive than average in Wyoming, it might be due to factors like your driving history and age.

The average cost of car insurance in Wyoming might be an unreliable metric, as prices will change depending on the insurer.

GEICO offers Wyoming's cheapest car insurance rates, charging $176 annually for cheap liability-only insurance ($1,035 per year for full coverage). The most expensive company for minimum coverage is Allstate, with an average annual cost of $402 ($912 per year for full coverage).

Finding a cheap full coverage policy might be challenging as these policies are usually expensive, but shopping around can help you find affordable rates.

In Wyoming, average car insurance rates can range from $242 for a state-minimum policy to $1,040 with the highest coverage possible. You will generally pay more expensive rates if you opt for a policy with increased liability limits.

The cost of a policy will significantly increase if you add comprehensive and collision insurance. You can increase your deductible to lower your premiums for a full coverage policy.

Purchasing minimum coverage in Wyoming will mean paying the lowest premiums, as it’s typically the cheapest available car insurance. But these policies come with the lowest liability limits and do not include comprehensive and collision insurance coverage.

Insurers usually offer policies with increased liability limits and shorten these limits to 50/100/50 or 100/300/100. A 50/100/50 policy would include the following limits:

• $50,000 in bodily injury liability insurance per person
• $100,000 in bodily injury liability insurance per accident
• $50,000 in property damage liability insurance per accident

Most insurers provide a maximum liability limit of 300/500/300. A liability-only policy protects you against damages or injuries to others, but full coverage car insurance also covers damages to you and your vehicle.

Your age will generally affect your policy costs, but age is particularly impactful on car insurance rates for inexperienced drivers. The following rates are the average full coverage costs for different age groups in Wyoming:

• 22–29: $986 per year
• 30–59: $854 per year
• 60+: $844 per year

Drivers between 30 and 59 pay relatively similar rates, but those in their 60s and beyond tend to have slightly lower costs. Insurance providers will charge higher rates for drivers in their 20s and drivers who have little experience on the road.

Teen drivers pay expensive rates for car insurance in Wyoming. The average annual cost for a 16-year-old male is $3,870 for an individual full coverage policy and $2,366 annually on a family plan.

These rates will usually decrease as the driver gets older. The average annual cost for a 19-year-old driver is $1,890 on a family plan, while a 22-year-old driver pays $1,419 for the same policy.

Policy costs may change based on your gender, as males generally pay higher rates. A 16-year-old female driver on a family plan pays an average yearly rate of $1,825, a difference of $541 from the same policy for a male. Every Wyoming insurer provides different rates, and you can find the cheapest car insurance for teen drivers by comparing quotes.

Wyoming insurance providers charge $1,334 per year for a full coverage policy on a new car, which is 52% more than the average annual cost of insuring an older vehicle at $876.

There can be many reasons behind these higher rates, including the higher actual cash value (ACV) of the vehicle, the cost of repairs and the risk of theft. Your vehicle’s ACV can affect your rates because it relates to how much money the insurer will pay you in case of a total loss.

If you own a new vehicle, consider purchasing a full coverage car insurance policy, as it will cover damage to your car in addition to your liability to others.

Your driving history significantly impacts your car insurance expenses in Wyoming. Drivers pay the following average costs for full coverage insurance based on their driving history:

• Clean record: $854 per year
• At-fault accident: $1,159 per year
• Speeding ticket: $1,195 per year
• DUI: $1,631 per year

With severe violations like a DUI, the insurers will typically charge you significantly higher rates. Insurers penalize you differently for violations on your record, which makes it essential to shop around for the cheapest car insurance for drivers with poor records.

Insurance providers consider your credit score when determining your car insurance costs. Drivers with poor credit in Wyoming pay an average annual rate of $1,282, whereas drivers with excellent credit only pay $661 annually.

We found that Wyoming drivers pay the following average rates based on their credit history:

• Excellent: $661 per year
• Good: $793 per year
• Fair: $924 per year
• Below fair: $1,067 per year
• Poor: $1,282 per year

Since insurers may penalize drivers with low credit scores, it’s best to shop around to look for the cheapest car insurance for drivers with poor credit scores.

Your car insurance rates will vary based on your driving profile and statewide differences. The following responses to commonly asked questions will help you understand the best available options for car insurance in Wyoming.