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Average cost of car insurance in Wyoming for 2023
The average annual cost of car insurance in Wyoming is $1,582 for full coverage and $263 for minimum coverage.
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What To Know First
The average cost of car insurance in Wyoming is $263 per year for minimum coverage and $1,582 per year for full coverage. To help drivers understand how different insurance rating factors may affect auto insurance rates, Bankrate analyzed data from Quadrant Information Services across a range of driver profiles. The editorial team includes licensed insurance agents with decades of combined insurance industry knowledge. We hope this average rate comparison will help you understand what you might pay for car insurance in Wyoming and whether your personal rates are competitive. A few of the key findings from our average rate analysis include:
- Compared to the national average, the cost of car insurance in Wyoming is about 21 percent less for full coverage and almost 58 percent less for minimum coverage.
- Drivers with excellent credit save an average of 16 percent on car insurance, while those with poor credit pay an average of 63 percent more for full coverage.
On This Page
- How much is car insurance in Wyoming?
- Wyoming car insurance rates by city
- Average car insurance costs by age and gender in Wyoming
- How does driving record impact the cost of car insurance in Wyoming?
- Car insurance rates in Wyoming by credit score
- Wyoming car insurance rates by vehicle type
- How to save on car insurance in Wyoming
- Estimate your car insurance cost in Wyoming
- Frequently asked questions
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How much is car insurance in Wyoming?
The average cost of car insurance in Wyoming per year is $358 for minimum coverage and $1,292 for full coverage. Compared to the national averages of $622 and $2,104 for minimum and full coverage, respectively, Wyoming drivers pay significantly less than the national average. However, your rates may vary based on personal rating factors such as your age, gender, credit history, ZIP code, driving record and vehicle type.
Average minimum coverage premium in Wyoming | Average annual full coverage premium in Wyoming |
---|---|
$263 | $1,582 |
Wyoming car insurance rates by city
In Wyoming, your city and even your specific ZIP code can affect your car insurance rates. Differences in parts and repair costs, weather events, population density and crime statistics vary by ZIP code, so insurers assign different levels of risk to different ZIP codes and adjust rates accordingly. To illustrate the difference, Bankrate compared average rates for five of the largest Wyoming cities.
Wyoming city | Average annual full coverage premium | Percentage change from Wyoming average annual full coverage premium |
---|---|---|
Casper | $1,516 | -4% |
Cheyenne | $1,670 | 6% |
Gillette | $1,650 | 4% |
Laramie | $1,570 | -1% |
Rock Springs | $1,514 | -4% |
Average car insurance costs by age and gender in Wyoming
Factors like age and gender affect car insurance rates in Wyoming, though that is not the case in all states. On average, male drivers pay more than female drivers because they tend to engage in more risky driving behaviors. Young drivers also pay higher average rates. As you gain experience behind the wheel, your rates typically decrease, as shown in the tables below.
Age | Average monthly full coverage premium in Wyoming | Average annual full coverage premium in Wyoming |
---|---|---|
Age 16* | $294 | $3,530 |
Age 18 | $435 | $5,221 |
Age 20 | $305 | $3,659 |
Age 25 | $164 | $1,964 |
Age 30 | $139 | $1,664 |
Age 40 | $136 | $1,626 |
Age 50 | $126 | $1,511 |
Age 60 | $121 | $1,450 |
Age 70 | $131 | $1,571 |
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied
Age | Average monthly full coverage premium in Wyoming | Average annual full coverage premium in Wyoming |
---|---|---|
Age 16* | $247 | $2,966 |
Age 18 | $325 | $3,895 |
Age 20 | $238 | $2,853 |
Age 25 | $147 | $1,760 |
Age 30 | $130 | $1,563 |
Age 40 | $128 | $1,537 |
Age 50 | $122 | $1,459 |
Age 60 | $117 | $1,407 |
Age 70 | $130 | $1,556 |
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied.
Cost considerations for young drivers in Wyoming
Although young drivers pay some of the highest average car insurance rates, they might save by remaining listed on their parents' car insurance policy. As you can see below, 18-year-old drivers listed on their parents' policy in Wyoming save an average of 37 percent compared to those who purchase their own car insurance policy.
Age | Average annual premium for drivers on their parents' policy in Wyoming | Average annual premium for drivers on their own policy in Wyoming |
---|---|---|
Age 16 | $3,248 | N/A* |
Age 17 | $3,070 | N/A* |
Age 18 | $2,868 | $4,558 |
Age 19 | $2,477 | $3,596 |
Age 20 | $2,297 | $3,256 |
*16- and 17-year-old drivers must be on their parents’ policy.
How does driving record impact the cost of car insurance in Wyoming?
Your driving record can have a big impact on your auto insurance rates because it indicates how likely you may be to file a claim. Drivers with incidents like accidents and speeding tickets on their record typically see higher rates than drivers with clean records. DUIs are typically seen as one of the most severe incident types and nearly double average rates for Wyoming drivers.
Driving incident | Average annual full coverage premium in Wyoming | Percentage increase from Wyoming average annual full coverage premium |
---|---|---|
Clean driving record | $1,582 | N/A |
Speeding ticket | $2,166 | 37% |
Accident | $2,141 | 35% |
DUI | $3,060 | 93% |
Car insurance rates in Wyoming by credit score
Although not all states allow the use of credit history as an auto insurance rating factor, Wyoming does. If you're looking for ways to save on your Wyoming car insurance, improving your credit score may be an effective strategy.
Credit tier | Average annual full coverage premium in Wyoming | Percentage change from Wyoming average annual full coverage premium |
---|---|---|
Poor | $2,583 | 63% |
Average | $1,693 | 7% |
Good | $1,582 | N/A |
Excellent | $1,323 | -16% |
Wyoming car insurance rates by vehicle type
Different vehicle makes and models have different parts and repair costs, safety features and theft rates. These differences impact insurance premiums for drivers. If you drive a vehicle with lower repair costs, high safety ratings and low theft rates, you will typically see lower car insurance rates.
Vehicle | Average annual full coverage premium in Wyoming |
---|---|
Toyota Camry | $1,582 |
Ford F-150 | $1,498 |
Honda Odyssey | $1,384 |
BMW 330i | $2,211 |
Toyota Prius | $1,766 |
How to save on car insurance in Wyoming
Although average Wyoming car insurance rates are below the national average, many drivers may still be looking for ways to save on their premium. If you're looking for the cheapest car insurance in Wyoming, you might consider the following strategies:
- Choose a higher deductible: Choosing higher deductibles will likely lower your premium, but most insurance experts advise keeping your deductibles low enough that you could comfortably pay them out of pocket in the event of a claim.
- Discounts: Most car insurance companies offer at least a handful of discounts. From bundling discounts to safe driver savings, exploring potential discounts may help you easily save on your premium.
- Comparison shopping: Different car insurance companies use different rating algorithms to determine rates. For this reason, comparing quotes from various companies could show you which one offers the lowest rates for your circumstances.
- Remain accident and claims-free: Tickets and accidents typically increase your car insurance rates. Maintaining a clean driving record, even if you already have a blemish on your record may help bring your rates down over time.
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