Wyoming is the least populated state, with a population of roughly 578,800. As of 2015, there were an estimated 422,450 licensed drivers in the state. Car insurance in Wyoming is moderately priced compared to other states. The average driver in Wyoming pays $1,478 per year for a full coverage policy and $257 per year for a minimum coverage policy.
The cheapest car insurance in Wyoming
In Wyoming, several car insurance providers offer below-average rates. The table below includes the cheapest auto insurance companies in Wyoming, plus their average annual full coverage and minimum coverage insurance premiums:
|Car Insurance Company||Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
Quadrant Information Services, 2020
Geico is one of the more expensive car insurance companies in Wyoming for full coverage insurance, with an average annual full coverage premium of $1,759 and an average annual minimum coverage premium of $176. However, drivers can access a variety of discounts to lower their rate.
With Geico, Wyoming drivers can save money on their insurance by being a good driver, being a smart student, having a safe vehicle, being a federal employee, being an active duty military servicemember, going on emergency deployment and taking a defensive driving course.
State Farm offers robust and affordable car insurance coverage in Wyoming. The average driver pays $1,283 per year for a full coverage policy and $211 per year for a minimum coverage policy, making it the cheapest provider on our list for full coverage insurance.
State Farm offers two safe driver discount programs, Drive Safe & Save and Steer Clear. There are also discounts for being accident free, being a good student, being a student away at school, bundling policies, taking a driver training course and having a safe vehicle.
Metropolitan Insurance, more commonly known as MetLife, is a highly-rated insurance company that has great coverage. Drivers can access endorsements like new car replacement, special parts replacement and identity theft coverage for added protection.
In Wyoming, the average full coverage policy from MetLife costs $1,517 per year and the average minimum coverage policy costs $238 per year. There are discounts for good drivers, bundling policies and enrolling in automatic payments. In addition, some drivers might be eligible for employer and membership group savings.
Farmers offers impressive car insurance coverage for drivers in Wyoming. The average full coverage policy costs $1,488 per year and the average minimum coverage policy costs $283 per year, which is only slightly above the statewide average.
In terms of discounts, drivers can save up to 15% on their premium by enrolling in Farmers’ Signal safe driver discount program. Discounts are available for policy bundling and being claims-free, in addition to state-specific discounts for drivers in Wyoming.
Allstate is one of the largest car insurance companies in the country. In Wyoming, the average full coverage premium from Allstate is $1,342 per year and the average minimum coverage policy costs $379 per year.
Allstate is well known for its generous insurance discounts. Wyoming drivers can lower their premium by having a car with anti-lock brakes and an anti-theft device, paying in full, signing up for automatic payments, signing a policy before it becomes effective and being a smart student.
Affordable coverage for Wyoming drivers
Car insurance is a legal requirement for all drivers in Wyoming who have a vehicle that is registered in the state. Drivers are required to carry a minimum of 25/50/20 in personal liability insurance, which includes $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident and $20,000 in personal property liability coverage.
Drivers who opt for minimum coverage insurance pay lower premiums than drivers who purchase full coverage policies. However, insurance companies recommend that most drivers purchase coverage beyond the lowest limits. If a driver causes an accident and their financial responsibility exceeds their policy limits, they have to pay the difference out of pocket.
How to get cheap car insurance in Wyoming
Drivers who are looking for the cheapest car insurance in Wyoming should start by finding an affordable provider. However, there are several other ways that drivers can get a low insurance rate, including:
- Get multiple quotes: The most effective way to find the cheapest car insurance company for you is to compare multiple quotes for the type and amount of coverage you need.
- Raise your credit score: Insurance companies use your credit score to help determine your annual premium. The higher your credit score is, the less your car insurance may cost.
- Increase your deductible: Your policy deductible influences the annual rate. Raising your deductible may help you get a cheaper policy, but be aware that the savings vary on a policy-by-policy basis. If you are in an at-fault loss, you will need to pay your deductible out of pocket, so be sure to choose a level that you can reasonably afford.
- Look for discounts: Most car insurance companies offer discounts that can help drivers save money on their insurance policy. Look for providers that have multiple discounts you can qualify for, which may equal greater savings.
Frequently asked questions
What is the best car insurance in Wyoming?
The best car insurance company in Wyoming is different for every driver. Some drivers are looking for the lowest rate and others are looking for the best customer service or specific coverage options. Wyoming drivers should shop around and compare providers to see which company meets their needs and budget.
What is the average cost of car insurance in the U.S.?
The average cost of full coverage car insurance in the United States is $1,738 per year. In Wyoming, the average driver pays $1,478 per year. Drivers in Wyoming pay less on average for insurance than drivers elsewhere in America.
What factors impact your car insurance rate?
There are a number of factors that impact your car insurance rate. Some of the most notable ones are ZIP code, age, credit score, claims history, the type of vehicle, the age of the vehicle, the vehicle’s annual mileage, the deductible and the amount of coverage.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.