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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.

Updated May 04, 2023
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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:

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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.

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.

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$15
Average annual minimum coverage premium
$176
Annual savings vs. State average*
- $87
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$18
Average annual minimum coverage premium
$221
Annual savings vs. State average*
- $42
Farmers
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
Average monthly minimum coverage premium
$26
Average annual minimum coverage premium
$306
Annual savings vs. State average*
+ $43
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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

Farmers
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
Average monthly full coverage premium
$96
Average annual full coverage premium
$1,151
Annual savings vs. State average*
- $431
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$106
Average annual full coverage premium
$1,267
Annual savings vs. State average*
- $315
Allstate
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
Average monthly full coverage premium
$160
Average annual full coverage premium
$1,918
Annual savings vs. State average*
+ $336
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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:

Frequently asked questions

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Written by
Mary Van Keuren
Insurance Contributor

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Insurance Editor