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Cheapest car insurance in Wyoming for 2023
Bankrate found the cheapest car insurance companies in Wyoming to include Geico, Farmers and State Farm.
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our
What To Know First
Bankrate's insurance editorial team, which includes licensed property and casualty insurance agents, analyzed dozens of carriers to help Wyoming drivers find the best cheap car insurance for their needs. We looked at each company's average rates, customer service scores, financial strength ratings and more to find carriers that offer low rates without sacrificing quality.
We found that these insurers offer the best Wyoming car insurance rates across a variety of driver profiles:
- Cheapest company for minimum coverage: Geico
- Cheapest company for full coverage: Farmers
- Cheapest company for adding a teen driver: Geico
- Cheapest company after a speeding ticket conviction: State Farm
- Cheapest company after an at-fault accident: Geico
- Cheapest company after a high-risk incident: State Farm
On This Page
- The cheapest car insurance companies in Wyoming
- The cheapest car insurance companies in Wyoming by coverage level
- Cheapest cities in Wyoming for car insurance
- Factors that impact rates in Wyoming
- Minimum coverage requirements for Wyoming drivers
- How to get the cheapest car insurance in Wyoming
- Car insurance discounts in Wyoming
- Frequently asked questions
The cheapest car insurance companies in Wyoming
Like in most states, car insurance is required in Wyoming. However, with average rates below the national average, it may be easier than you think to find affordable coverage in the state.
Bankrate’s insurance editorial team partnered with Quadrant Information Services to obtain up-to-date premium information from the major insurance carriers by market share in Wyoming. We then analyzed the data to see what companies tend to offer the cheapest average rates.
If you are shopping for the cheapest auto insurance in Wyoming, the following companies might be a good place to start:
Cheapest company in Wyoming for minimum coverage
Average monthly minimum coverage premium | Average annual minimum coverage premium | |
---|---|---|
Geico | $15 | $176 |
Cheapest car insurance in Wyoming for full coverage
Average monthly full coverage premium | Average annual full coverage premium | |
---|---|---|
Farmers | $96 | $1,151 |
Cheapest car insurance company for adding a teen driver
Average monthly minimum coverage premium | Average annual minimum coverage premium | |
---|---|---|
Geico | $29 | $352 |
Cheapest company for getting a speeding ticket in Wyoming
Average monthly minimum coverage premium | Average annual minimum coverage premium | |
---|---|---|
State Farm | $21 | $246 |
Cheapest company for being in an at-fault accident in Wyoming
Average monthly minimum coverage premium | Average annual minimum coverage premium | |
---|---|---|
Geico | $22 | $266 |
Cheapest company after a high-risk incident in Wyoming
Average monthly minimum coverage premium | Average annual minimum coverage premium | |
---|---|---|
State Farm | $21 | $246 |
The cheapest car insurance companies in Wyoming by coverage level
Like most states, the state of Wyoming requires drivers to have a certain amount of auto insurance to drive legally. Minimum coverage may be the most affordable option, with an average state cost of $263 per year, but this may not offer the coverage you need in the event of an accident or other incident. Many insurance experts recommend that you purchase more than minimum coverage if you can afford to do so for enhanced financial protection. Full coverage, which includes collision and comprehensive insurance, can be found in Wyoming for an average cost of $1,582 per year. These rates are far below the national average, which is $622 for minimum coverage and $2,014 for full coverage.
Insurance company | Average monthly minimum coverage premium | Average annual minimum coverage premium | Annual savings vs. State average* |
---|---|---|---|
Geico
4.4
Bankrate Score
|
Average monthly minimum coverage premium
$15
|
Average annual minimum coverage premium
$176
|
Annual savings vs. State average*
- $87 |
State Farm
4.2
Bankrate Score
|
Average monthly minimum coverage premium
$18
|
Average annual minimum coverage premium
$221
|
Annual savings vs. State average*
- $42 |
Farmers
3.8
Bankrate Score
|
Average monthly minimum coverage premium
$26
|
Average annual minimum coverage premium
$306
|
Annual savings vs. State average*
+ $43 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with minimum coverage for 2023
Insurance company | Average monthly full coverage premium | Average annual full coverage premium | Annual savings vs. State average* |
---|---|---|---|
Farmers
3.8
Bankrate Score
|
Average monthly full coverage premium
$96
|
Average annual full coverage premium
$1,151
|
Annual savings vs. State average*
- $431 |
State Farm
4.2
Bankrate Score
|
Average monthly full coverage premium
$106
|
Average annual full coverage premium
$1,267
|
Annual savings vs. State average*
- $315 |
Allstate
3.8
Bankrate Score
|
Average monthly full coverage premium
$160
|
Average annual full coverage premium
$1,918
|
Annual savings vs. State average*
+ $336 |
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
*Based on policies with full coverage for 2023
Cheapest cities in Wyoming for car insurance
When looking for the cheapest car insurance in Wyoming, it's worth noting that where you live impacts the price you will pay for your policy. Those who live in ZIP codes with high accident, theft or vandalism rates likely pay more for car insurance. Areas with more severe local weather patterns may also see higher rates. Below are some of the most and least expensive cities for car insurance in Wyoming based on average rates.
City | City average annual minimum coverage premium | Cheapest car insurance company | Company average annual minimum coverage premium |
---|---|---|---|
Big Horn | $230 | Geico | $168 |
Ranchester | $230 | Geico | $168 |
Sheridan | $230 | Geico | $168 |
Wyarno | $230 | Geico | $168 |
Parkman | $233 | Geico | $168 |
City | City average annual full coverage premium | Cheapest car insurance company | Company average annual full coverage premium |
---|---|---|---|
Big Horn | $1,487 | Farmers | $1,098 |
Ranchester | $1,487 | Farmers | $1,098 |
Sheridan | $1,487 | Farmers | $1,098 |
Wyarno | $1,487 | Farmers | $1,098 |
Parkman | $1,490 | Farmers | $1,098 |
Factors that impact cheap rates in Wyoming
More than a dozen personal rating factors impact your cost of car insurance. In Wyoming, these include your age, gender, vehicle type, driving record and credit history. Since car insurance rates are based on these personalized factors, your individual premium may vary greatly from the state's average rates. Below we explore the cheapest carriers across a range of driver profiles.
Insuring a teen driver
Teen drivers pay some of the highest average car insurance rates. Young drivers, who do not yet have extensive driving experience, are statistically more likely to be involved in car accidents than any other age group. Insurers compensate for this increased likelihood of claims by charging higher rates for teens. Once teens age into their early 20s, they should see their rates come down, provided they maintain a clean driving record.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Geico | $352 | $3,309 |
State Farm | $570 | $3,207 |
Farmers | $590 | $2,348 |
Getting a speeding ticket
Car insurance carriers typically charge higher rates for drivers that demonstrate risky driving practices, including speeding. Even a single speeding ticket may substantially raise your car insurance rates at renewal, but some carriers may raise rates more for a speeding ticket than others. The following insurers offer some of the lowest average premiums for drivers with a speeding conviction on their license.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
State Farm | $246 | $1,370 |
Farmers | $330 | $1,243 |
Geico | $354 | $3,995 |
Getting into an at-fault accident
Like speeding tickets, accidents, especially at-fault accidents, typically result in a premium increase. Carriers usually see drivers who have been involved in an accident as riskier to insure, so they may charge higher rates to compensate for this risk. Based on average premium data, you may find the lowest rates with these carriers following an at-fault accident:
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
Geico | $266 | $3,006 |
State Farm | $271 | $1,472 |
Farmers | $377 | $1,426 |
Being deemed a high-risk driver
Although carriers may have different qualifications for drivers they classify as "high-risk," you may be designated as risky to insure if you have multiple speeding tickets, at-fault accidents or a serious infraction like a DUI. To assess rates for high-risk drivers, we looked at average premiums for drivers with a single DUI conviction. Note that some carriers may not write policies for drivers with a DUI, so you may need to reach out to a carrier directly to inquire about their insurance options for high-risk drivers.
Car insurance company | Average annual minimum coverage premium | Average annual full coverage premium |
---|---|---|
State Farm | $246 | $1,370 |
Allstate | $444 | $2,343 |
Geico | $458 | $5,182 |
Minimum coverage requirements for Wyoming drivers
To drive legally in Wyoming, you must purchase at least the following minimum coverage:
- $25,000 bodily injury per person
- $50,000 bodily injury per accident
- $20,000 property damage
Drivers who opt for minimum coverage insurance generally pay some of the lowest premiums. However, insurance professionals usually recommend that drivers purchase coverage beyond the lowest limits. If you cause an accident and the damages and injuries exceed your policy limits, you will be responsible for the difference out of pocket.
Minimum coverage does not include any coverage for damage to your own vehicle. For that, you will need to add comprehensive and collision coverage. Adding those coverage types constitutes a full coverage policy. If you have a loan or lease on your vehicles, you likely have to carry full coverage per your lender’s requirements. You may also be required to carry certain liability limits in excess of the state minimum and have a cap on how high your deductible can be.
How to get the cheapest car insurance in Wyoming
Drivers who are looking for the cheapest car insurance in Wyoming may want to start by finding an affordable provider. However, there are several other ways that drivers can get a low insurance rate, including:
Shop around and compare quotes
One great strategy for finding cheap insurance in Wyoming may be to shop around. Comparing quotes from a handful of the state's best car insurance companies may show you which offers the lowest rates and most applicable discounts for your personal circumstances. You may be surprised to find that the rates offered for the exact same coverage vary greatly from company to company.
Maintain a clean driving record
As demonstrated by the average rates above, your driving record may have a big impact on your auto insurance rates. Safe drivers generally see some of the lowest average rates and may qualify for additional savings opportunities, like discounts and accident forgiveness incentives. Many insurers are now using telematics programs to monitor your driving skills in real-time. Good drivers may save even more on their premiums by demonstrating safe habits behind the wheel with a telematics program.
Car insurance discounts in Wyoming
Most insurers offer at least a few discounts, and many of them are simple to earn. Here are a few that you may find in Wyoming: