To help you find the best car insurance in Wyoming, MoneyGeek rated the top companies in the state based on customer service, cost and other factors. Your auto insurance premium depends on multiple factors such as your driving record, location and age. Each driver has unique needs, so it pays to compare quotes from several carriers to find the appropriate coverage for your budget and requirements. MoneyGeek's ratings demonstrate a potential savings of $435 when comparing car insurance rates from affordable companies in Wyoming.
The Best Cheap Car Insurance in Wyoming for 2021
The Cheapest and Best Car Insurance in Wyoming
Liability car insurance covers medical expenses due to the other driver’s bodily injuries and the cost of third-party property damage repairs. While it does save you from unforeseen expenses due to an accident where you are at fault, a good understanding of its limitations can help you determine if it provides sufficient coverage.
In Wyoming, a minimum coverage policy is the cheapest option to meet the state’s car insurance requirement.
On average, the cheapest car insurance companies in Wyoming offering minimum liability policies are:
- USAA: $180 annually (available only to current and former military members and their families)
- GEICO: $206 annually
Allstate offers the most expensive average minimum car insurance coverage in this state, at $407 annually.
Average Cost for Minimun Liability Coverage
The prices listed above are averages that may not reflect actual costs and should be used only as a guide for comparing insurance providers.
These prices are only estimates based on rates for an average Wyoming driver and should not be used to compare insurance prices.
A minimum coverage policy in Wyoming only covers expenses for the other party’s medical injuries and property damage. Drivers who need protection for medical expenses or damages to their own car should consider a full coverage policy.
A full coverage policy provides comprehensive and collision insurance with higher liability limits and protects you against unforeseen off-road incidents in Wyoming. The cost of getting full insurance coverage is inherently higher because it covers your expenses and the other driver’s costs. It is best to compare multiple car insurance quotes and get the most bang for your buck.
The cheapest car insurance companies in Wyoming offering full coverage are:
- USAA: $506 annually (only available for military members, veterans and their families)
- State Farm: $726 annually
The most expensive annual rate is offered by MetLife, at an average of $941.
Average Comprehensive and Collision Rates in Wyoming
Actual premiums may differ from these examples. The prices stated represent comprehensive and collision policies with $100,000 bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 coverage in property damage per accident.
The Best Car Insurance Companies in Wyoming for 2021
MoneyGeek rated the best car insurance companies in Wyoming for most drivers are::
- Best Overall: The Hartford
- Runner-up: GEICO
USAA received the highest score in Wyoming by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek provides auto insurance company scores out of 100 by giving equal consideration to industry-standard reports like AM Best’s financial strength rating and J.D. Power’s U.S. Auto Insurance Study, along with unique pricing data.
You can use MoneyGeek’s rankings and reviews to find the best car insurance provider in Wyoming for your unique needs.
The average annual Wyoming car insurance premium for a full coverage policy is around $850. USAA pairs great low prices with high customer satisfaction rates.
USAA’s coverage is limited only to active and former military members and their families. For those who qualify, it consistently ranks highly among Wyoming car insurance companies. Service members get a discount if they park their cars on base, and they offer additional discounts for clients whose parents also have USAA insurance.Read MoneyGeek's USAA auto Insurance Review
The Hartford has an excellent reputation for paying legitimate claims. Known for customer satisfaction, this company offers features that are uncommon among other Wyoming insurance providers.
The Hartford’s car insurance is presented through a partnership with AARP, so its services are only available to drivers over the age of 50. This company offers some unique features, like assistance with chores around the house as you recover from an accident or their guarantee that they won’t raise your rates more than once per year.Read MoneyGeek's The Hartford auto Insurance Review
While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
List of the Largest Insurance Companies in Wyoming
A company’s market share indicates how many policies it has underwritten out of all insurance policies in the state. In Wyoming, State Farm has a 22.9% market share, while Progressive has 14.3% and Farmers has 11.6%. Large companies tend to pay legitimate claims without much hassle, and their financial strength is usually quite high.
- CompanyMarket Share
How to Compare Cheap Wyoming Car Insurance Quotes Online
You can get accurate online quotes from almost every insurance company. Fill in their online forms with your details, and they will provide coverage options and payment details.
Keep in mind that you need to make apples-to-apples comparisons when shopping for auto insurance. For example, if you select a policy with $100,000 in bodily injury liability coverage, make sure you’re comparing that package with similar policies from competing companies.
What Is the Average Cost of Car Insurance in Wyoming?
MoneyGeek computed the average insurance premium for 100/300/100 collision and comprehensive coverage for a 40-year-old male driver of a Toyota Camry with a clean driving record. Your yearly car insurance cost may be higher or lower than these Wyoming averages based on factors like your age, location, coverage level and driving history.
- Average Driver: $851
- DUI: $1,642
- Speeding Ticket: $1,115
- Poor Credit Score: $1,367
- Seniors: $814
- Students: $1,926
Insurance is risk management. Drivers with significant violations like a DUI on their records will pay higher rates because insurance companies view them as high-risk drivers.
A driver with a clean record can obtain full coverage auto insurance for an average of $851 in Wyoming. However, if you have a DUI, that rate jumps to an average of $1,642.
The cheapest car insurance companies for drivers with DUI in Wyoming are:
- State Farm: $790 annually
- USAA: $920 annually (only available for military members, veterans and their families)
Average Car Insurance Rates With a DUI
421 people were killed between 2009 and 2018 in alcohol-related car accidents in Wyoming. 1.9% of Wyoming drivers admit to driving after drinking too much in the previous 30 days.
Even DUI cases that don’t result in a crash will impact your insurance rates. Alongside an increase in your insurance rates, Wyoming drivers cited with a DUI can face up to six months in jail and a 90-day license suspension.
A DUI will increase your insurance rates and most drivers see their rates increase overnight. The amount your rates increase and how long a DUI will impact your insurance premium depends on your insurance provider. When shopping for cheap car insurance with a DUI in Wyoming, speak to more than one of the top insurance providers in the state to compare free, personalized car insurance quotes.
In Wyoming, drivers with tickets due to minor driving violations pay more than those with clean records.
It takes an average of $1,115 to insure a driver with a speeding ticket in this state, which is $264 more than a driver with no violations typically pays.
The cheapest car insurance companies for a driver with a speeding ticket in Wyoming are:
- USAA: $567 annually (only available for military members, veterans and their families)
- State Farm: $790 annually
Average Car Insurance Rates With a Ticket
Whether you are in an accident or not, your rates will likely increase due to a distracted driving or speeding ticket no matter where you live. How much your rates increase and the amount of time a ticket will impact your premium depends on your insurance provider and your previous driving record.
The impact a ticket has on your insurance will depend on the insurance provider you use. However, some insurance companies will offer a reduced premium if you take a defensive driving course. Speak with your insurer and compare car insurance quotes from multiple sources to discuss the best option for you.
A poor credit score for a driver in Wyoming leads to higher insurance premiums compared to a driver with good credit. Car insurance for a driver with bad credit will cost $1,367 on average, while a driver with a healthy credit score only pays an average premium of $851.
The cheapest full coverage car insurance in Wyoming for drivers with bad credit are:
- Farmers: $1,114 annually
- GEICO: $1,124 annually
Average Car Insurance Rates for Drivers With Bad Credit
When shopping for cheap car insurance in Wyoming, remember that your credit score will likely impact the quotes you receive. The average FICO credit score in the United States was 703 in 2019, but the Wyoming average ranks higher at 712. Wyoming car insurance companies see bad credit as a sign of financial irresponsibility and therefore will likely raise your rates to compensate.
In order to find cheap car insurance with bad credit in Wyoming, first you must understand what types of behaviors and habits impact your credit score and then work to improve your score. When comparing car insurance quotes, ask each company how they factor in credit and discuss reevaluating once you have raised your credit score. Remember that credit score, along with a handful of other personal factors like age and driving history will influence your rates.
In most states, seniors pay slightly higher rates than younger adults, due to the risk factors involved with aging. However, that isn’t the case in Wyoming. Here, seniors pay an average of $814 per year for auto insurance, while the average driver pays $851.
On average, the two most affordable insurers for senior drivers in this state are:
- USAA: $514 annually (only available for military members, veterans and their families)
- State Farm: $651 annually
Average Car Insurance Rates for Seniors
Senior drivers are often praised for practicing safe driving habits like driving the speed limit and avoiding cell phone use while behind the wheel, but senior drivers face challenges that come with aging. Things like reduced eyesight, slower reaction times and shorter attention spans put seniors at risk for being involved in a car accident. In Wyoming, drivers over the age of 65 accounted for 11% of all fatal crashes in 2017.
Because seniors are at a higher risk of being involved in a fatal crash, insurance companies take their age into consideration, along with driving record and other personal factors, when calculating personal car insurance quotes.
Because of their relative inexperience, young student drivers pay higher car insurance rates in Wyoming. It takes about $1,926 on average to insure a car driven by a student driver in Wyoming. This rate is more than twice as much as a typical 40-year-old driver would pay for similar coverage.
The cheapest car insurance companies for students in Wyoming with full coverage are:
- Allstate: $1,658 annually
- State Farm: $2,050 annually
Allstate is only the fourth-cheapest option for full coverage for the typical 40-year-old, but their rates for students are the best you’re likely to find in Wyoming.
Average Car Insurance Rates for Students
Parents or guardians are responsible for their teen drivers in Wyoming. Comparing car insurance premiums can help you find the best rate for your teen driver. You can also help lower your premium by raising your deductible and make sure your teen drives a large-frame sedan with advanced crash protection (not a sports car or SUV).
If you're moving to Wyoming to go to college, you don't need a Wyoming license while attending school. However, if you're a Wyoming student attending college in a different state, let your insurance company know if you'll be driving your car in another state for more than 30 days a year.
Be wary of loaning a car to friends. Most states still hold the vehicle owner liable for damages if the driver isn't insured or has inadequate coverage.
Unfortunately, young drivers are the most at-risk behind the wheel. Teen drivers are three times more likely to be in a fatal crash than drivers over the age of 20. This is largely due to their lack of experience behind the wheel. Along with their age, Wyoming car insurance companies consider other factors when creating quotes, such as their driving history, how far from home they are driving/attending school and how often they drive their vehicle. Speak with your provider about the different options available for cheap car insurance for teenagers in Wyoming.
Insurance Rate Information for Military Drivers and Veterans
If you are one of the 3,000+ active-duty military personnel or a veteran stationed in Wyoming, you are eligible for a variety of benefits and discounts, including reduced rates on auto insurance. There's no special application or procedure; all you need to do is show the insurance company your military ID or a valid veteran's card and you'll get the deal. To get the best deal, compare quotes from at least three carriers, as rates can be quite different.
Unlike some states, Wyoming does not offer extensions to military personnel for vehicle registration renewal, which must be done annually.
Age Savings for Wyoming Service Members
Average Rates for Wyoming service members
Car Insurance in Wyoming: What You Need to Know
Every vehicle owner on Wyoming roads must have either car insurance or a bond or cash deposit that proves they can cover the costs of an accident. Not many people choose the bond or cash options, which leaves car insurance as the main way to go.
Proof of Insurance in Wyoming
Wyoming drivers must show proof of insurance for each vehicle they want to register with the DMV. The state uses an online verification system for instant checks to confirm coverage.
You'll also have to show your insurance card (or a copy of it on your smartphone) when a police officer asks for it or after an accident involving another driver.
Minimum Liability Insurance Requirements in Wyoming
Wyoming requires these minimum levels of auto insurance coverage:
- $25,000 for injuries per person
- $50,000 for injuries per accident
- $20,000 for property damage
High-Risk Auto Insurance Program in Wyoming
High-risk drivers who can’t find standard insurance due to problems with their driving record or other personal factors can contact the Wyoming Automobile Insurance Plan. This plan was enacted by Wyoming legislators in 1948 to ensure coverage for as many Wyoming drivers as possible.
Alternatives to Insurance in Wyoming
Wyoming allows car owners who have at least 26 vehicles to put down a $200,000 bond or cash deposit, plus an additional $100 per car or truck instead of buying insurance.
Drivers with multiple accidents or DUIs may have difficulty getting an insurance company to cover them. Drivers classified as "high risk" may find help through the Wyoming Automobile Insurance Plan. Any insurance agent licensed in Wyoming can help with the application of this plan.
How Much Coverage Do You Need in Wyoming?
Wyoming drivers may want to consider auto insurance coverage that provides protection beyond the state-required minimum. Industry experts typically recommend $100,000 in injury liability coverage per person and $300,000 per accident. You may also want to add collision and comprehensive insurance to cover your vehicle from a wide variety of risks, including accidents, theft, natural disasters and more.
Average Insurance Rate by City in Wyoming
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FAQs About Car Insurance in Wyoming
The most common questions about auto insurance in Wyoming revolve around pricing and coverage limits. Here are the answers to some of these frequently asked questions:
About the Author
- Center for Disease Control and Prevention. "Sobering Facts: Alcohol-Impaired Driving State Fact Sheets." Accessed December 28, 2020.
- Experian. "2019 Consumer Credit Report." Accessed March 14, 2020.
- Governing: The Future of States and Localities. "Military Active-Duty Personnel, Civilians by State." Accessed March 14, 2020.
- National Association of Insurance Commissioners. "2018 Market Share Report." Accessed March 14, 2020.
- National Highway Traffic Safety Association. "2018 Fatality Analysis Reporting System." Accessed March 14, 2020.
- National Highway Traffic Safety Association. "Traffic Safety Facts." Accessed March 14, 2020.
- NOLO. "DUI Laws By State." Accessed March 14, 2020.