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The Best Cheap Car Insurance Companies for Wyoming Drivers in 2020

In order to find the best car insurance in Wyoming, we recommend doing your research and connecting with at least three of the top-rated auto insurance companies in Wyoming. The table below lists the top five familiar car insurance companies in Wyoming along with the approximate cost per month for the average driver to help you with your search.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Wyoming for the cheapest car insurance on average.
$1,081
per year
2. Allstate
In 2020 Allstate ranked #2 in Wyoming for the cheapest car insurance on average.
$1,736
per year
3. GEICO
In 2020 GEICO ranked #3 in Wyoming for the cheapest car insurance on average.
$2,023
per year
4. Safeco
In 2020 Safeco ranked #4 in Wyoming for the cheapest car insurance on average.
$2,463
per year

It’s important to note that these are approximate costs for the average driver and that your rates might differ. Wyoming car insurance companies consider a driver’s age, gender, driving history, and more when calculating rates and your car insurance quotes might differ based on these factors.

The Best Car Insurance Companies in Wyoming for 2020

MoneyGeek ranked the five top-rated auto insurance companies in Wyoming to help drivers like you find the best coverage that fits their needs and budget. These companies were scored by weighing four consumer and industry reviews: AM Best's financial strength rating and JD Power's customer satisfaction rating, claims score and affordability scores. While receiving the lowest rate possible is important, it’s equally as important to take reliability and customer satisfaction into consideration, as well when shopping for the best car insurance in Wyoming.

Expand all Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

HartfordScore: 92.5
+

4/5

User Satisfaction

5/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

3

GEICOScore: 85
+

3/5

User Satisfaction

2/5

Claims Ratings

4/5

Affordability

A++

Financial Stability

4

AllstateScore: 82.5
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

American FamilyScore: 80
+

4/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A

Financial Stability

6

State FarmScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

7

FarmersScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

8

ProgressiveScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

9

SafecoScore: 77.5
+

3/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A

Financial Stability

10

Liberty MutualScore: 77.5
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability


Market Share by Company

In the state of Wyoming, State Farm holds 22.86% of the market share, making it the largest Wyoming auto insurance company. Choosing to compare car insurance quotes from the largest providers in the state helps ensure that you receive the best quote from a reliable, experienced company.

Company
Market Share
1. State Farm
22.86%
2. Progressive
14.29%
3. Farmers
11.57%
4. MOUNTAIN WEST FARM GRP
10.19%
5. GEICO
8.75%
6. USAA
6.91%
7. Liberty Mutual
6.77%
8. Allstate
4.84%
9. Nationwide
2.67%
10. American National P&C
1.72%

Cheapest Car Insurance for Drivers With a DUI in Wyoming

In 2016, 10,497 people died in alcohol-impaired driving crashes in the United States (506 people were killed in Wyoming alone between 2003 and 2012), but 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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Wyoming for the cheapest car insurance for dui.
$1,028
per year
2. Allstate
In 2020 Allstate ranked #2 in Wyoming for the cheapest car insurance for dui.
$2,048
per year
3. GEICO
In 2020 GEICO ranked #3 in Wyoming for the cheapest car insurance for dui.
$2,476
per year
4. Safeco
In 2020 Safeco ranked #4 in Wyoming for the cheapest car insurance for dui.
$3,305
per year

A DUI will increase your insurance rates — and most drivers see their rates increase overnight — but 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.

Cheapest Car Insurance for WY Speeding or Distracted Driving Tickets

Distracted driving accounted for 100 vehicle crashes in Wyoming in 2018, according to a study conducted by the National Highway Traffic Safety Administration. However, 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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Wyoming for the cheapest car insurance for distracted drivers.
$1,137
per year
2. Allstate
In 2020 Allstate ranked #2 in Wyoming for the cheapest car insurance for distracted drivers.
$1,816
per year
3. GEICO
In 2020 GEICO ranked #3 in Wyoming for the cheapest car insurance for distracted drivers.
$2,063
per year
4. Safeco
In 2020 Safeco ranked #4 in Wyoming for the cheapest car insurance for distracted drivers.
$3,322
per year

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.

Cheapest Car Insurance Companies in WY 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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Wyoming for the cheapest car insurance for poor credit history drivers.
$1,012
per year
2. Allstate
In 2020 Allstate ranked #2 in Wyoming for the cheapest car insurance for poor credit history drivers.
$1,657
per year
3. GEICO
In 2020 GEICO ranked #3 in Wyoming for the cheapest car insurance for poor credit history drivers.
$2,006
per year
4. Safeco
In 2020 Safeco ranked #4 in Wyoming for the cheapest car insurance for poor credit history drivers.
$2,276
per year

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 learn how to improve it. 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.

Cheapest Car Insurance Companies in Wyoming 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 this demographic faces 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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Wyoming for the cheapest car insurance for seniors.
$1,028
per year
2. Allstate
In 2020 Allstate ranked #2 in Wyoming for the cheapest car insurance for seniors.
$1,695
per year
3. GEICO
In 2020 GEICO ranked #3 in Wyoming for the cheapest car insurance for seniors.
$2,362
per year
4. Safeco
In 2020 Safeco ranked #4 in Wyoming for the cheapest car insurance for seniors.
$2,486
per year

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.

Cheapest Car Insurance for Students

Wyoming Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$1,675 INCREASE

This is a difference of 117%.

Parents or guardians are responsible for their teen drivers in Wyoming. Since teens will inevitably be charged more for a policy, the Wyoming Department of Insurance suggests comparison shopping for insurance. 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.

Company
Amount
1. GEICO
In 2020 GEICO ranked #1 in Wyoming for the cheapest car insurance for students.
$2,664
per year
2. State Farm
In 2020 State Farm ranked #2 in Wyoming for the cheapest car insurance for students.
$3,340
per year
3. Allstate
In 2020 Allstate ranked #3 in Wyoming for the cheapest car insurance for students.
$3,498
per year
4. Safeco
In 2020 Safeco ranked #4 in Wyoming for the cheapest car insurance for students.
$3,788
per year

Premium Comparison by Student Type

Premium comparison for two adults + 16 years old

car
Average premium for two 2014

Mustang GTs

$4,969
car
Average premium for two 2008

Town and Country Limiteds

$2,969
Anual benefits of minivans:$2,000 saved

This is 40% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$873 DECREASE

This is a savings of 24%.

Potential discounts for teens in texas

Impact on annual premium with good student and defensive driving discounts:

coins
$234

Wyoming students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$3,316 at home

graduation

$3,316 at school

$787 IN SAVINGS

female
Average premium for a 19-year-old female
car

$2,837 at home

graduation

$2,300 at school

$537 IN SAVINGS

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

Age savings for Texas service members

male
25 years$1,444
50 years$1,116
female
25 years$1,283
50 years$1,074

$328 Saved
$209 Saved

Median auto insurance for service members: $1,147


As an active duty service member, you will most likely be eligible for car insurance discounts. To get the best deal, compare auto insurance quotes from at least three providers, as rates can vary for individuals between companies.

Who Needs Car Insurance in Wyoming?

Every owner of a vehicle on Wyoming roads must have either car insurance or a bond/cash deposit that proves that they're ready to 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 be able to show proof of insurance (or their security bond/cash deposit) 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 pull out your insurance card (or a copy of it on your smartphone) when a police officer asks for it or after any accident involving another driver.

Minimum Liability Insurance Requirements in Wyoming

Wyoming requires at least these levels of liability coverage, which will cover other people for damage that you may cause:

  • $25,000 per accident for injury or death
  • $50,000 for all injuries or deaths
  • $20,000 for property damage

The minimum uninsured motorist coverage will cover $25,000 for injuries and $50,000 per accident, but it doesn't cover any property damage. You can opt out of it, but you'll have to do so in writing.

High-Risk Auto Insurance Program in Wyoming

High-risk drivers who may have trouble 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 motor vehicle owners to put down a $200,000 bond or cash deposit plus an additional $100 per car or truck as an option to buying insurance.

Drivers who've been in multiple accidents or have a DUI or moving violations on their record 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.

Car Insurance Requirements in Wyoming: How Much Coverage Do You Need?

Living in a high-crash state, Wyoming drivers may want to consider auto insurance coverage that provides protection beyond the state-required minimum.

Additional coverage includes:

What percentage of drivers in Texas lack vehicle insurance?

7.8%

National average: 13%

Source:

Insurance Information Institute.

Collision insurance, which pays for vehicle repairs no matter who caused the accident. Comprehensive insurance, which covers repairs from theft, fire, natural disasters and hitting a deer or other animals. Medical payment, which covers hospital bills and funeral expenses. Uninsured motorist insurance, which helps protect you in the event of a hit-and-run or being struck by an uninsured motorist.

Collision insurance, which pays for vehicle repairs no matter who caused the accident. Comprehensive insurance, which covers repairs from theft, fire, natural disasters and hitting a deer or other animals. Medical payment, which covers hospital bills and funeral expenses. Uninsured motorist insurance, which helps protect you in the event of a hit-and-run or being struck by an uninsured motorist

For more on the types of insurance that's right for you, see the MoneyGeek guide to car insurance.


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Sources