Best car insurance in Wyoming for 2021
Wyoming is home to top car insurance providers that could help protect your finances in the event of an accident. Bankrate’s editorial team found Geico to be among the best auto insurance in Wyoming for your money, due to attentive customer service, wide coverage options and low prices. Luckily, full coverage car insurance in the Equality State could cost over a hundred dollars less than the national average. The average cost of insurance in Wyoming is $1,495 per year for full coverage, according to Bankrate’s 2021 study of quoted annual premiums.
The Rocky Mountains and Great Plains can make for treacherous terrain, especially in severe weather. The risky conditions make Wyoming considerably dangerous for the state’s 424,115 licensed drivers. To help you find the best car insurance in Wyoming for its unique circumstances, Bankrate’s editorial team laid out the top four picks for your consideration across diverse categories.
Best car insurance companies in Wyoming
Geico topped Bankrate’s list of best insurance companies in Wyoming, followed closely by State Farm, Farmers and Allstate. Bankrate used a multi-step process to find the best auto insurance in Wyoming. We create an individualized Bankrate Score for each provider based on the companies’ market share, customer experience, average quoted 2021 rates provided by Quadrant Information Services, mobile resources and coverage options. We also consult third-party rating indexes, including J.D. Power, Moody’s and AM Best to approximate customer satisfaction and financial strength.
|Provider||Bankrate Score||Average annual full coverage premium||J.D. Power customer satisfaction score|
Geico received the highest Bankrate Score for its competitive prices and highly-rated customer service. The company operates a 24-hour customer helpline so that you can chat with experts about your coverage and receive help filing and tracking claims. Geico’s many discount options allow Wyoming drivers to save even more on their premiums. The company offers competitive discounts for good students, customers with multiple policies, safe drivers, teachers and members of over 500 professional and alumni groups.
Learn more: Geico Insurance review
State Farm ranked first in the 2021 J.D. Power Auto Insurance Study for the Northwest region and second in Bankrate’s own score analysis of the providers selected. The company leverages its extensive market share to provide top-notch customer service. Its extensive network of local agents are on call 24 hours a day to assist you with questions about your policy and claims. State Farm also offers the cheapest car insurance in Wyoming on average, out of the companies we analyzed. For those looking for additional savings, State Farm offers competitive discounts such as special rates for good students, teachers and safe drivers.
Learn more: State Farm Insurance review
Farmers has many options for your Wyoming car insurance policy, including coverage for things like loss of use, Guaranteed Value replacement coverage and accident forgiveness. Farmers also offers great discounts for bundling policies if you hold life or home insurance policies with the company. It holds an A- (Excellent) rating from AM Best for financial stability, but customers may want to be mindful of below-average customer satisfaction scores. According to our analysis, Farmers’ annual full coverage premium was the second lowest. You may also qualify for one of the company’s many discounts which include deals for distant students, loyal customers and policyholders with multiple vehicles.
Learn more: Farmers Insurance review
Allstate is well-known for its wide range of coverage options including roadside assistance, personal injury protection (PIP) and rental car insurance. These coverage options can provide peace of mind to Wyomingites, many of whom may live in remote areas. Allstate has more than 12,000 agents in the United States and this bandwidth allows the company to provide attentive customer service. Its online tools allow you to purchase and compare plans with a few clicks.
Learn more: Allstate Insurance review
Average car insurance cost in Wyoming
Car insurance in Wyoming is almost $200 cheaper than the average cost of car insurance in the U.S. While the national average cost of car insurance is $1,674 annually, the average Wyoming resident only pays $1,495 per year. Car insurance in Wyoming stays relatively cheap thanks in part to low population density and a crime rate lower than any other state west of the Mississippi River.
|Average annual premium for minimum coverage in Wyoming||Average annual premium for full coverage in Wyoming|
State minimum insurance requirements in Wyoming
Wyoming mandates that drivers in the state must carry a minimum of 25/50/20 insurance. That means Wyoming car insurance policies must include at least:
- $25,000 in bodily injury liability per person
- $50,000 in bodily injury liability per accident
- $20,000 in property damage liability per accident
Uninsured motorist coverage must also be offered but can be declined in writing. While minimum coverage insurance is often cheaper than full coverage, it could leave you financially vulnerable down the road. If you are involved in a car accident and the damages caused exceed the amount your policy covers, you are typically expected to pay the remaining costs out of pocket. For this reason, many insurance experts recommend purchasing as much insurance as you can afford.
If you lease or finance your vehicle, it is likely that you will have to purchase more than just minimum coverage insurance. In the event of a crash, leaseholders and lienholders need to know that damages can be repaired or a lost vehicle can be replaced.
How to get the best car insurance
When shopping for the best car insurance in Wyoming, these are some things to consider that can help you find the right car insurance provider for you:
- Evaluate your needs: If you have an accident, there are certain repairs and medical bills that could cost thousands of dollars. By insuring yourself with a reliable insurance company, an insurance claim can provide the protection you need. Take your time and research the details of a company. Consider other things beyond price, such as how long it takes the company to process a claim.
- Consider state factors: 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. You may also want to consider adding car rental reimbursement to your policy. Wyoming has a sparse public transit system, so if your car is at the mechanic, renting a car is likely your best option.
Car insurance discounts in Wyoming
Car insurance in Wyoming is already hundreds of dollars cheaper than the national average. Even so, the top car insurance providers in Wyoming offer discounts that can lower the price of your auto insurance premium even more.
- Safe car: Many auto insurance providers offer lower prices if your car features top-of-the-line safety features such as anti-theft, anti-lock brakes, electronic stability control and adaptive headlights. If you recently purchased a safe vehicle, you may want to look into providers that offer this discount.
- Good student: Another popular discount offers lower rates to students with high grades in school. Many providers reduce premiums for policies with an insured student who receives grades of B or higher in school.
- Green vehicle: Car insurance providers may offer discounts to those who own eco-friendly cars since these drivers are often perceived as responsible and less risky..
- Professional: Many carriers offer discounts to certain professionals, including teachers and members of the Military. Geico, for instance, offers discounts to over 500 professional and alumni groups.
The best discount for you will depend on which ones are available to you. Customers often save the most money for insuring multiple vehicles, benefitting from a professional or organizational discount, signing up for autopay, taking a defensive driving course or bundling policies.
Frequently asked questions
What is the cheapest car insurance in Wyoming?
The cheapest car insurance in Wyoming for you depends on your past history and current needs. Car insurance companies need to confirm you are trustworthy as a driver so they know how much of a risk you are. The car insurance companies we have included here will be a valuable starting point when looking for the cheapest car insurance in Wyoming.
What information is needed to get car insurance in Wyoming?
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.
What is an SR-22, and do I need one?
An SR-22 requires drivers with serious offenses, like those with a Driving Under the Influence (DUI) charge. The Safety Responsibility form, or an SR-22, proves that high-risk drivers are compliant with Wyoming’s minimum insurance requirements. The required period is a total of 36 consecutive months.
Why does my age matter for my auto policy?
It has to do with risk. Younger drivers are not as experienced with driving, so they are more likely to get into accidents. There can also be additional discounts for college students away at college and seniors. Ask your car insurance company what extra savings you may gain based on your age.
Bankrate utilizes Quadrant Information Services to analyze 2021 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 base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a weighted rank of industry standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.