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If you're a Wyoming driver, you know that you need car insurance to be on the road. However, insuring your vehicle can cost a pretty penny, and finding the cheapest car insurance in Wyoming can be a challenge. Here, we'll share the best car insurance companies for affordably priced auto insurance.
When it comes to cheap auto insurance in the state of Wyoming, American National is the big winner. For example, with an average annual rate of just $1,246 for drivers with a clean record, the company is tough to beat.
While these companies can't come close to American National's prices, they are competitive without one another:
One way insurance companies can show gratitude to military members for their service is by offering affordable car insurance. The cheapest average annual rate for members of the military is $969, also from American National.
In second and third place are:
When your child is on the road, you feel like a piece of your heart is out there with them. In addition to any worry you may experience, there's no denying that it's expensive to insure a teenager, due to their lack of driving experience. Once again, the best car insurance in Wyoming for drivers looking for a low rate is American National, with an average annual rate of $2,268.
Following American National are:
As though paying a speeding ticket is not enough, a single ticket can send your rates up. With an average rate of $1,411, American National is the most forgiving toward those with one ticket on their records.
In second and third place are:
If you're looking at how much is car insurance in Wyoming for minimum coverage, this is where American National is dethroned. Here, Geico is the clear winner, with an average annual rate of $191.
Other contenders include:
Wyoming's overall average car insurance rate is $2,393, nearly 21% lower than the national average of $3,017. The best car insurance companies in Wyoming work to keep their rates near or below the national average.
Rate Category | Wyoming Average | National Average |
---|---|---|
Typical | $2,393 | $3,017 |
Military | $1,933 | $2,375 |
Young Driver | $5,270 | $6,291 |
1 Speeding Ticket | $2,483 | $3,032 |
Minimum Coverage | $354 | $787 |
Wyoming car insurance laws are clear. Any driver caught driving without insurance faces:
Here's how an SR-22 certificate works: The court mandates that the driver prove they have purchased auto insurance. Once that policy purchase is complete, the insurance carrier files an SR-22 certificate with the Wyoming Department of Motor Vehicles (DMV).
To drive legally in Wyoming, drivers must carry a minimum of:
While it may not seem fair, your rate is based, in part, on your credit score. That's because research shows that drivers with high credit scores tend to make less claims. Drivers with low credit scores can sometimes land lower rates if they raise their scores before applying.
Drivers with clean driving records are offered the lowest rates.
When looking for low-cost car insurance, it pays to find any discounts you may be eligible for. Here's a sample of the types of discounts carried by the top insurance companies:
If a driver has homeowners insurance, renters insurance, or life insurance, the first place to look for auto coverage is through their existing insurer. Insurance companies frequently give discounts to those who bundle coverage. Bundling is typically available no matter which type of car insurance coverage a driver purchases.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.