Best car insurance in Wyoming for 2023

Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.

Car insurance is required to drive on public roads in almost every state, Wyoming included. Although it’s impossible to purchase a Montana car insurance policy with coverage below the state minimum required limits, knowing how much these minimum limits are may help give you a baseline when building your coverage package. Besides, knowing what insurance you’re required to carry may be an important part of being a responsible driver.

When you finance a vehicle, you are almost always required to carry comprehensive and collision (also called full coverage). If you’re leasing, you may have to carry higher liability limits — usually 100/300/50 — in addition to full coverage. To avoid expensive force-placed insurance, you may want to carefully review your vehicle contract to ensure you’re meeting the terms of your loan or lease.

47 percent of Wyomingites live on the “frontier,” which government agencies define as a region with fewer than six people per square mile. The state’s remote and mountainous roads can make routine car trouble a much bigger hassle. With that in mind, you may want to consider add-on coverage like roadside assistance and car rental reimbursement to your policy. Wyoming has a sparse public transit system, so if your car is being repaired due to a covered claim, renting a car is likely your best option.

The cheapest Wyoming car insurance depends on your coverage needs and personal rating factors. That said, there are a handful of companies that are known for writing cheap car insurance policies in the state. These include Geico, Farmers and State Farm. Your quoted rate will vary from state averages based on your age, gender and credit rating, as well as your car's age, make and model. This is why experts recommend that you compare quotes from several companies to find the cheapest carrier for your circumstances.

Insurance companies require you to supply your vehicle details, like the make, model and year of your car. You will also need to provide personal information, like your Social Security number and address.

Insurers determine your premium based partly on your age. Since young drivers are statistically more likely to be involved in accidents, insurers need to compensate for the increased risk of claims by charging them more for their coverage. There are, however, ways for teen and young adult drivers to save. Rates for young drivers begin to decrease when they enter their twenties, and will continue to go down until they are in their 60s and 70s, when rates may rise slightly to account for an increase in accidents involving senior citizens.

Insurers use a range of factors to determine your car insurance premium rate in Wyoming. Some of these factors are things you can't do anything about, such as your age. Others are factors that you may be able to change. Your driving record, for example, plays a primary role in determining your rate, and you are likely to be eligible for a lower rate if you have a clean driving record with no infractions. Other factors include your auto claim history, the make and model of your car and the coverage options you choose for your policy.