How Much Is Car Insurance in Wyoming? Rates by Coverage Level, Age, Driving History and Location

An average driver pays a car insurance rate of $851 in Wyoming, slightly cheaper than the national average of $1,424 per year. MoneyGeek determined the averages using coverage level, age, driving history, credit score and location. These averages are for many insurers and locations for one sample driver.

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Wyoming’s average car insurance cost is $851 per year for a 40-year-old driver with full coverage insurance and clean driving history.

The same driver would buy the minimum car insurance policy at roughly $303 per year. These averages can change based on your driving profile. You would pay an average cost of $2,085 for full coverage car insurance in Wyoming upon adding a young driver to your policy.

MoneyGeek analyzed the average costs of car insurance in Wyoming by considering all essential factors to help you understand how the rates change.

Average Cost of Car Insurance in Wyoming: Summary

MoneyGeek considered the most vital factors that influence policy rates to determine the average car insurance costs in Wyoming. The main factor affecting your average car insurance costs is age.

Click on the link to find out more about average costs for a given driver profile.

Average Costs of Car Insurance in Wyoming

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Why Are Car Insurance Rates Cheap in Wyoming?

MoneyGeek’s report shows that Wyoming is the 12th cheapest state for car insurance rates in the country due to low highway traffic density, low rate of uninsured motorists, low rate of vehicle theft and less prone to natural disasters.

When most motorists are insured, traffic is light, vehicle theft is minimal and a state is less likely to experience natural disasters, these factors all contribute to lower insurance rates because the risk factor is less significant.

Average Cost of Car Insurance in Wyoming: Full Coverage vs. Minimum Coverage

According to MoneyGeek’s methodology, the average annual policy meeting state minimum is $303 and a full coverage policy annual cost is $851. In Wyoming, the average driver pays a difference in average car insurance cost of $548 between the two policies.

Wyoming car insurance rates differ greatly depending on the coverage option you buy. Although full coverage costs more, adding a comprehensive and collision insurance policy can be great financial protection after an accident.

Average Cost of Car Insurance in Wyoming by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in Wyoming - By Company

The insurance company you choose can have a significant impact on your car insurance rates in Wyoming. Wyoming's cheapest full coverage insurance option is State Farm, while GEICO is the cheapest carrier for minimum coverage.

While USAA is another affordable option for both policies and has the cheapest liability-only car insurance plan, it's only available for military families.

The company with the most expensive full coverage in Wyoming is MetLife. The most expensive option for minimum coverage is Allstate.

Average Annual Costs of Car Insurance in Wyoming - By Company

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How Much Is Car Insurance in Wyoming by Age

A driver’s age is vital when determining the average car insurance costs in Wyoming. MoneyGeek’s study shows that young drivers pay more premiums as insurers consider them inexperienced motorists. Thus, they are riskier to cover.

The average cost difference between adding a 16-year-old driver to a parent’s policy and a 40-year-old buying a policy is $1,234 per year.

If you’re a new driver in Wyoming, you’ll purchase your cover at a similar rate to the teenagers. The reason being, first-time drivers are treated the same as young drivers. However, you can save more money on insurance by adding to your parent’s plan as a young driver.

Average Costs of Full Coverage Car Insurance in Wyoming - By Age

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How Does Driving History Affect Car Insurance Costs in Wyoming?

Motorists in Wyoming with violations like traffic tickets or DUI citations on their driving record face higher car insurance than drivers with a clean record. However, you can shop around for cheap full coverage cars insurance quotes in Wyoming.

MoneyGeek's research shows an average car insurance cost difference of $264 per year between a safe driver and one with a speeding ticket. The greater the driving violation, the higher your rates will be.

Average Costs of Full Coverage Car Insurance in Wyoming - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $851
  • Speeding Ticket
    $1,115
  • At-Fault Accident
    $1,138
  • DUI
    $1,642

Credit Scores and the Cost of Car Insurance in Wyoming

MoneyGeek establishes that drivers with excellent credit scores usually pay less than those with good credit. According to MoneyGeek’s data, the difference between the two drivers is roughly $123 per year.

Drivers with poor credit generally pay an average of $523 more per year than drivers with good credit.

You can save on car insurance with a good credit score. While a poor credit score will attract different rates on your premiums, you can still find cheap coverage options in Wyoming.

Average Costs of Full Coverage Car Insurance in Wyoming - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $713
  • Good
    $845
  • Fair
    $980
  • Below Fair
    $1,144
  • Poor
    $1,368

How Much Is Car Insurance in Your City?

MoneyGeek analysis on car insurance rates in Wyoming is from Cheyenne. Auto insurance rates can vary widely from state to state.

In Wyoming, Cheyenne has the cheapest car insurance rates at $851.

Densely populated cities and cities prone to accidents and natural disasters tend to have higher car insurance rates.

Average Costs of Full Coverage Car Insurance in Wyoming - By City

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Frequently Asked Questions About Wyoming Car Insurance Rates

For more information on average car insurance costs in Wyoming, read the answers to frequently asked questions below.

Methodology

MoneyGeek collected car insurance quotes in collaboration with Quadrant Information Services across Wyoming. The policies were for a 40-year-old driver and full coverage with a safe driving record unless altered by the factors described above, including coverage levels, age, driving violations and credit score as described on our methodology page.

  • Highway traffic density was calculated with 2019 data from the Federal Highway Administration
  • Data on uninsured motorists was drawn from 2019 data from the Insurance Research Council
  • Urban share of population was calculated using the latest data from the U.S. Census Bureau
  • Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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