The Cheapest Car Insurance in Wyoming for 2022
GEICO offers the cheapest car insurance in Wyoming, averaging $206 for a minimum coverage annual policy.
MoneyGeek conducted a thorough analysis of Wyoming auto insurance providers to find the most inexpensive policies for various driver profiles. For example, State Farm and Farmers are the cheapest auto insurers for seniors and those with poor credit, respectively. Wyoming drivers could save $433 a year by comparing provider rates.
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The Cheapest Car Insurance in Wyoming
For those looking for rates specific to where they live, MoneyGeek evaluated the cheapest insurance companies in Wyoming by city. If you’re looking for a balance of customer service and cost, MoneyGeek also studied the best car insurance companies in Wyoming.
Why Trust MoneyGeek? Wyoming car insurance rates in this study are based on our analysis of data and information from the Wyoming Department of Insurance and Quadrant Information Services.
These rates were updated in August 2022 to reflect how car insurance rates in Wyoming have changed up to this month.
Cheapest Minimum Liability 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. 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
- GEICO: $206 annually
- State Farm: $246 annually
USAA offers the lowest rate at an annual average of $180. However, its policies are available for military members and their families. Allstate offers the most expensive average minimum car insurance coverage in Wyoming at $407 annually.
CHEAPEST MINIMUM CAR INSURANCE IN WYOMING
These prices are only estimates based on rates for an average Wyoming driver and should not be used to compare insurance prices.
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Cheapest Full Coverage Car Insurance in Wyoming
A full coverage policy provides comprehensive collision insurance with higher liability limits and protects you from road and off-road incidents in the state. The cost of getting full coverage insurance is higher because it pays your expenses. It’s best to compare multiple car insurance quotes and save money.
On average, the cheapest car insurance companies that provide full coverage in Wyoming are:
- State Farm: $726 annually
- GEICO: $822 annually
A military member or veteran and their families go best with USAA. Its annual full coverage car insurance costs around $506. Farmers offer the most expensive annual rate at an average of $939.
CHEAPEST FULL COVERAGE CAR INSURANCE 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.
How to Compare Cheap Wyoming Car Insurance Quotes Online
To get a quote without entering your personal information, you can use our MoneyGeek car insurance calculator. A personalized quote may require you to enter more information. 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.
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Cheapest Car Insurance in Wyoming for Young Drivers
Young drivers pay higher premiums because of their inexperience on the road. A 16-year-old pays an annual cost of $2,085, while a 25-year-old pays a yearly fee of $876.
In Wyoming, the cheapest car insurance company for young drivers in most instances is Allstate. However, for certain ages, State Farm is the top option.
ANNUAL CAR INSURANCE IN WYOMING FOR YOUNG DRIVERS
Young drivers can be considered high-risk due to their inexperience. To save money on car insurance premiums, they should ask about good student discounts or get added to their parent’s policy.
It’s also important to compare insurers. For example, Allstate is the cheapest option for drivers who are 16 years of age and costs roughly $1,867 annually. However, State Farm is the best choice for drivers who are 25 since its average rate is $812.
Cheapest Car Insurance in Wyoming for Seniors
In most states, seniors pay more for insurance than young adults. However, seniors in Wyoming pay an annual average of $814 for auto insurance, while an average driver pays $851.
On average, the most affordable car insurance providers for seniors in Wyoming are
- State Farm: $651 annually
- Allstate: $788 annually
For military members, veterans and their families, USAA provides an annual rate of $514 which may be your cheapest option. The most expensive option is Farmers at approximately $975 annually.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
Seniors could be at high risk for reduced eyesight and slower reaction times. In most states, these factors contribute to them needing to pay higher car insurance premiums.
However, seniors in Wyoming actually pay less for car insurance than middle-aged adults. Nevertheless, it is possible for them to save money by shopping around. If they take the time to compare rates, they could save up to $324 annually.
Cheapest Car Insurance for Drivers With Tickets in Wyoming
In Wyoming, drivers may incur tickets due to minor driving violations. However, they tend to pay more than drivers with clean records. It costs an average of $1,115 annually to insure a driver with a speeding ticket in the state. It is $264 more than a driver with no violations typically pays.
The cheapest car insurance for drivers with tickets in Wyoming are, on average:
- State Farm: $790 annually
- Allstate: $934 annually
For military members, veterans and their families, USAA provides the cheapest rate at $567 annually. GEICO is the most expensive insurer and charges approximately $1,625 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.
Cheapest Car Insurance for Drivers With a DUI in Wyoming
A driver with a clean record can obtain full auto insurance for an average of $851 annually. On the other hand, a driver with a DUI pays an annual average of $1,642.
On average, the cheapest car insurance provider for drivers with DUI in Wyoming includes:
- State Farm: $790 annually
- Allstate: $1,018 annually
Military families will find the second most affordable rates from USAA, with an annual average of $920. The most expensive option is Farmers, at approximately $2,193 annually.
AVERAGE CAR INSURANCE RATES WITH A DUI
DUIs affect your insurance rates. Plus, in Wyoming, drivers with a DUI can face jail time and a 90-day license suspension.
To save money, shopping around and comparing insurance quotes for drivers with a DUI in Wyoming is best. Taking the time to evaluate rates from multiple insurers could save you up to $1,403 annually.
Cheapest in Wyoming for Drivers With an At-Fault Accident
For drivers with an at-fault accident, insurance rates are higher than an average driver. Drivers with an at-fault accident on record pay approximately $1,138 annually.
The cheapest auto insurance providers in Wyoming for drivers with an at-fault accident are, on average:
- State Farm: $855 annually
- Allstate: $1,082 annually
Military members, veterans and their families may choose USAA as their insurance provider. It costs approximately $643 per year. The most expensive option costs around $1,232 and is offered by GEICO.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Wyoming for Drivers With Bad Credit
Drivers with poor credit may find it hard to pay lower insurance premiums. Car insurance for a driver with bad credit costs an annual average of $1,368. On the other hand, a driver with a good credit score pays an annual average of $851.
The cheapest full coverage car insurance in Wyoming for drivers with bad credit are:
- Farmers: $1,114 annually
- GEICO: $1,124 annually
The most expensive widely-available insurer for Wyoming drivers with bad credit is Allstate at roughly $1,221 annually.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
When shopping for cheap car insurance in Wyoming, remember that your credit score affects your rates. This is because poor credit scores indicate that you are more likely to file a claim. To find cheap car insurance with poor credit in Wyoming, it’s important to improve your score.
It’s also critical to compare rates between different insurers to get the best price. You can save around $107 annually by shopping around.
Cheapest Car Insurance in Wyoming for Military Drivers
USAA is the cheapest car insurance provider in Wyoming for military members, veterans and their families, with an annual cost of $180.
- Average rate: $180 per year
- Ranks the cheapest out of five insurers
USAA offers the most affordable minimum coverage policy for military members and veterans at an average annual cost of $180 in Wyoming. To save even more on auto insurance, take advantage of available discounts. USAA typically gives discounts for bundling policies, insuring more than one car, maintaining a good driving record and driving a newer car. By using the discounts you qualify for, you can make your USAA policy even more affordable.
Cheapest Car Insurance in Wyoming by City
Your premiums can also be different based on which area in Wyoming you live. For example, if you live in Cheyenne, you can expect to pay $851 per year on average for full coverage.
Click on your city to know more about car insurance costs in your area.
AVERAGE INSURANCE RATE BY CITY IN WYOMING
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Car Insurance in Wyoming: What You Need to Know
Every car owner in Wyoming must have auto insurance or a bond or cash deposit that shows they can pay for the costs of an accident in order to drive in the state.
Wyoming Insurance Requirements
Wyoming drivers must show proof of insurance for every vehicle they want to register with the DMV. The state uses an online verification system for instant checks to confirm coverage. You must also show your insurance card or digital ID when police ask for it or after an accident involving another driver.
In the state of Wyoming, the minimum insurance required is as follows:
- $25,000 for injuries per person
- $50,000 for injuries per accident
- $20,000 for property damage
If you are looking for an alternative to insurance, Wyoming car owners with at least 26 vehicles can put down a $200,000 bond or cash deposit plus $100 per car/truck instead of buying insurance.
Drivers with multiple accidents or DUIs may find it hard to look for insurance coverage. The Wyoming Automobile Insurance Plan (WAIP) helps drivers with these conditions get coverage. High-risk drivers who find it hard to buy standard insurance can reach out to WAIP to get coverage.
Experts recommend getting $100,000 in injury liability coverage per person and $300,000 per accident in Wyoming. You may also add collision and comprehensive insurance to cover your vehicle from different risks like accidents, theft or natural disasters.
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
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- 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.