In Wyoming, there were approximately 424,000 drivers as of 2019. In the same year, the state was responsible for 14885 traffic accidents. This led to 3,488 injuries and 47 deaths. It is important to find cheap Wyoming car insurance. Car insurance can protect your finances against the financial consequences of an at-fault crash.
Wyoming drivers pay $271 annually on average for minimum coverage, and $1,495 per year for full coverage. This is lower than the average annual premiums of $565, and $1,674, respectively. Bankrate’s insurance team has researched Wyoming’s cheapest car insurance to help you find the right coverage for your budget and needs.
Wyoming has the cheapest car insurance
Wyoming is like most other states that require car insurance. There are many ways to get cheap auto insurance, even though it is required.
Quadrant Information Services, Bankrate’s insurance team, partnered with Quadrant Insurance Services to get the most current premium information from Wyoming’s major insurance companies by market share. The data was then analyzed to determine which companies offer the lowest average rates.
These companies may be a good starting point if you’re looking for the lowest auto insurance Wyoming.
Geico
Geico’s premium for full coverage is the most expensive on our list. However, it has the lowest minimum coverage. While most insurance professionals recommend against buying minimum coverage limits for your policy, Geico may be able to provide a quote. Geico offers many discounts that can help you lower your premium so you can buy more coverage.
Your car insurance might be cheaper if you are a good driver, a smart student and have a safe vehicle. Geico offers a mobile app that allows you to manage your policy online.
State Farm
State Farm may be able to provide you with full coverage at a low price. State Farm is the largest Wyoming insurance company, accounting for 21% market share. The company also has several agencies throughout the state that can help you with your insurance needs. State Farm offers banking services which can be attractive if you want to manage all your financial products from one location.
State Farm offers two discount programs for safe drivers, Drive Safe & Save, and Steer Clear. These programs can help you save money. Discounts are available for being an accident-free student, being a good student and being away from school. Bundling policies, taking driver training courses, having a safe car, and being an excellent student.
Farmers
Farmers might be a good choice if you’re looking for a company with a broad range of optional coverages that can customize your policy. Farmers’ average premium for full coverage is lower than Wyoming’s. Farmers have many options for optional coverages, including accident forgiveness and new car replacement.
Farmers doesn’t advertise discounts on its website but you might be able save by being a safe driver and insuring multiple policies. You can also enroll in Signal, the company’s Telematics Program. Signal is a smartphone application that tracks your driving habits. Based on how safe you drive, you could be eligible for a discount.
Allstate
Even though Allstate’s full and minimum coverage average premiums are slightly higher than Wyoming’s, it is worth getting a quote. Customers who add all of Allstate’s optional coverages may cause the higher average premium. You can add ridesharing coverage and rental reimbursement, as well as sound system coverage.
Allstate offers discounts that can help you lower your premium. Drivewise, the company’s telematics system, could help you save money. Your premium may be reduced if you insure a new vehicle, pay in full or have certain safety features.
Wyoming drivers must have minimum coverage
Wyoming law requires you to have car insurance. You must have at least the minimum coverages to drive legally in Wyoming.
- $25,000 per person for bodily injury
- $50k bodily injury per accident
- Property damage up to $20,000
Minimum coverage insurance is generally the most affordable option for drivers. Insurance professionals recommend that drivers buy coverage above the minimum limits. You will be responsible for any excess damages or injuries you cause to another person or vehicle if you have exceeded your policy limits.
Minimal coverage does not cover damage to your vehicle. You will need collision and comprehensive coverages to get that coverage. These coverages are called a complete coverage policy. You will likely need to have full coverage if you have a loan on your vehicle or a lease. You might also need to have liability limits that exceed the minimum required by the state and a deductible limit.
Wyoming: How to Get Cheap Car Insurance
Wyoming drivers looking for the best car insurance rates may start with an affordable provider. There are many other options that drivers have to get low insurance rates, such as:
- Compare multiple quotes: This is one of the best ways to find the lowest car insurance company. You can compare multiple quotes for the coverage that you require.
- Increase your credit score. Insurance companies will use your credit score as a basis for determining your annual premium. The lower your car insurance costs, the better your credit score.
- You can increase your deductibles. If your policy includes collision and comprehensive coverages, each policy has a deductible. Your premium may be reduced by increasing one or both your deductibles. If you file a claim to repair damage to your vehicle’s engine, your deductible will be required to be paid.
- Discounts: Many car insurance companies offer discounts that will help drivers save money on their policy. You may be able to get more savings by looking for providers with multiple discounts.
Talking to a licensed agent can help you determine which companies, coverages and discounts you should be looking at.
Questions frequently asked
Which Wyoming insurance policy is best?
Every driver will have their own opinion about the best Wyoming car insurance company. While some drivers want the lowest rates, others prefer the best customer service and specific coverage options. Wyoming drivers might want to compare providers and shop around to find the best company for them.
What is the average cost for car insurance in the United States?
The average cost for car insurance in America is $1,674 per year for full coverage and $565 for minimum coverage. Wyoming’s average driver pays $1495 per year for full coverage, and $271 per year for minimum coverage. Wyoming drivers pay an average of $1,495 annually for full coverage and $271 annually for minimum coverage. This is lower than the average cost for insurance in America. Wyoming is relatively sparsely populated. A lower chance of an accident could be due to fewer cars and drivers.
How do you determine the cost of your car insurance?
Your car insurance rate can be affected by many factors. Your ZIP code, credit score, and driving record are some of the most important factors that can affect your car insurance rate. Your premium can be affected by the type of vehicle, age, distance driven, and what coverage you choose.
