Car Insurance in Wyoming
- Compare cheap car insurance quotes in WY.
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- Save hundreds a year on your Wyoming car insurance.
The average semiannual cost of car insurance in the state of Wyoming is $780.42. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Wyoming across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.
Company | Semi Annual Permium |
USAA | $511.50 |
State Farm | $618.50 |
GEICO | $721.50 |
Farmers | $825.00 |
MetLife | $1,003.00 |
Allstate | $1,003.00 |
*Data Methodology – Updated 2/29/2024
The Wyoming car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in WY. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.
Wyoming state law requires vehicle owners to carry a minimum amount of auto insurance coverage. This minimum liability coverage helps protect you financially in the event of an accident for which you are at fault. The Wyoming minimum liability requirements are:
In addition to the minimum liability insurance, Wyoming law recommends drivers carry:
In the state of Wyoming, driving without the required minimum car insurance is illegal and punishable by fines and other penalties. If you are caught driving without insurance in Wyoming, you will likely face the following penalties:
Wyoming drivers typically pay some of the lowest auto insurance rates in the country. There are a few key factors that contribute to the state’s relatively inexpensive premiums.
First, Wyoming has a small population with a low population density, meaning there are fewer drivers on the road and a lower risk of accidents. The state also has an extensive highway system that allows for more spread out driving, which reduces congestion and collision risk.
Second, Wyoming has a lower prevalence of auto theft compared to many other states. Fewer claims for stolen vehicles help keep premium costs down.
Third, Wyoming has an active community of volunteer emergency responders who assist with medical and rescue services following accidents. This reduces the burden on professional emergency services and insurance claim costs.
Finally, Wyoming has relatively mild weather conditions with little snow and ice accumulation. While snowstorms do occur periodically, they tend to be less severe and long-lasting than in other northern states. This means fewer weather-related accidents that could factor into insurance rates.
Car insurance rates in Wyoming are generally lower than the national average, but costs can still add up. Fortunately, there are several ways for Wyoming drivers to save money on their auto insurance coverage. Insurers offer various programs and discounts for qualifying drivers.
One option is low-mileage insurance policies. If you drive less than 7,500 miles per year, many companies offer lower rates for low-mileage drivers. You may be able to save around 10% to 20% on your premiums with these plans.
Another way to save is through good student discounts. If you maintain good grades, many insurers will offer a discount of around 15% to 25%. Some companies require a GPA of 3.0 or higher while others simply ask for a “B” average. You’ll need to provide report cards or transcripts as proof of eligibility.
Many insurers also offer discounts for drivers with multi-vehicle policies. Bundling your home and auto insurance with the same company can also provide savings. Senior citizen discounts are also common, typically starting at age 55.
Some companies provide discounts for drivers with defensive driving courses, anti-theft devices, and good credit scores. Discounts are also available for accident-free drivers, military members, and those who have been with the same insurer for multiple years.
Wyoming has a unique car insurance market shaped by the state’s low population and vast, rural geography. Here are some important Wyoming car insurance statistics:
Wyoming drivers have several options when shopping for car insurance. Here are the 10 largest car insurance companies in Wyoming based on market share: