Car insurance rates may not be affordable for drivers who have been involved in multiple accidents or are convicted of moving violations. Reckless or high-risk driving could result in your Wyoming license being suspended, restricted, or revoked. Wyoming high-risk auto insurance may be available from different providers at a higher premium on average than insurance for drivers with a clean driving history. Non-standard coverage options may be available when standard coverage is not available.
Wyoming has high-risk car insurance rates
Your driving record, vehicle type, insurance coverage, and other factors will affect the cost of Wyoming car insurance. Wyoming premiums are usually less expensive than other states, even for high-risk drivers. Every auto insurer calculates insurance premiums based on a different level of risk. A single insurance company might offer affordable insurance to a driver who has received speeding tickets, but will raise premiums after an at-fault collision.
After a speeding ticket, car insurance rates
Speeding tickets could increase your car insurance rates slightly or significantly, depending on the insurer. It is not possible to predict which insurance company will be the cheapest after a speeding ticket.
Bankrate’s 2021 study on annual full coverage premiums revealed that Allstate, Geico, and State Farm were the most affordable.
A traffic school course approved by the Department of Public Safety can help you avoid an increase in your insurance rate after receiving a speeding ticket. Many of these courses can be taken online. If you are given a speeding ticket, check with your insurance to see if this option is available.
Rates for an accident
In Wyoming, an at-fault accident will usually increase your premiums more than a speeding ticket. These rate increases can vary from one insurance company.
Geico and Allstate car insurance might seem to offer lower coverage for drivers with clean driving records, but one accident can increase your premiums significantly.
Rates for DUI
Driving under the influence could be the most costly and dangerous financial risk that a driver can take. A Wyoming DUI conviction could lead to full coverage premiums rising by 91%.
Drivers convicted in Wyoming of DUI may need to request their insurance company to file an SR-22 (a form proving financial accountability) with the DMV to reinstate their license and allow them to legally drive.
Teen drivers can get car insurance
Due to the risk an inexperienced driver can create, adding a teenager to your policy can cause rates to increase substantially. Below is an example of the average premium increase when adding a 16 year old driver to your policy. These premiums would also be added to your regular auto premium.
Who are high-risk drivers?
All ages and all experience levels are considered high-risk drivers. High-risk drivers are generally considered high-risk by insurance companies if they have been convicted of DUI, or have multiple moving violations or other accidents.
After accumulating enough points on a driver’s licence, many states could suspend or revoke your licensure. You could lose your driver’s license if you engage in reckless driving.
How to lower your rate for high-risk drivers
High-risk drivers might have fewer options for carriers and higher premiums. There are some ways to offset rising premiums:
- Compare multiple insurance companies to find the best coverage for your needs.
- As many discounts as you can. You can use discounts such as accident forgiveness, bundle discounts, student discounts, and discounts for low-mileage drivers.
- To keep points off your driving record, you should complete an approved traffic school course if it is available.
- Increase your deductible to the maximum amount you are able to afford. Consider how it could impact your finances if you are in an accident.
You could save hundreds of dollars by getting your car insured for as low as 5%-10%
Questions frequently asked
What is an SR-22?
An SR-22 form is a form that your insurance company files with the DMV for you. This is a certificate of financial accountability that proves you have the minimum car insurance necessary to drive.
I am a high-risk driver. Do I need extra car insurance?
Wyoming drivers must have minimum $25,000 bodily injury coverage per person, $50,000 per accident bodily injury coverage, and $20,000 per accident property damage coverage. To avoid financial ruin from an expensive accident, you might consider having coverage beyond the state’s minimum requirements.