4 Best Cheap Wyoming Car Insurance Options in 2021 • Benzinga

Wyoming truly has some drive-worthy scenery, from the Grant Tetons’ majestic peaks to the unparalleled beauty of Yellowstone. You’ll need reliable car insurance if you’re going to venture through this rugged expanse by car. Benzinga reviewed the best companies for Wyoming car insurance to show you which companies over-deliver. 

Best Car Insurance in Wyoming

Wyoming Car Insurance Overview

Car insurers calculate insurance rates using sophisticated formulas — and each insurer’s formula is different. These formulas, which affect how much you’ll pay for car insurance, are based on risk and include factors that you can and cannot influence.

The factors you can influence include:

  • Your insurance credit score: A snapshot of your financial responsibility, you can improve your credit score by paying your bills on time, paying more than the minimum on your credit cards and not having a lot of open credit card accounts. 
  • Your driving record: Are you a courteous and conscientious driver? Never been ticketed for speeding or gotten a DUI? You could save hundreds of dollars on your car insurance if you have a clean record.
  • The year make and model of your car:  If you have a newer vehicle, that doesn’t mean it will cost less or more to insure than an older vehicle.  There are a lot of factors involved with determining that rate.  Have your agent or insurance carrier run quotes for you if you are deciding between different makes, models and year.  Smaller, sportier cars tend to have higher insurance costs because of the temptation to drive fast or recklessly.

Here are some factors that you cannot control, yet these play a small role in how much you’ll pay for car insurance:

  • Your age: Statistics show that teen drivers and senior citizens are higher risks on the road, so if you fall into one of these groups, your insurance will be a bit higher. 
  • Your gender:  Men generally pay an average of 4% more for their insurance than women. 

Wyoming Insurance Minimum Explained 

It’s illegal to drive any motor vehicle without insurance in Wyoming. It’s also a good idea to have more than the state-enforced minimums for car insurance in Wyoming because medical and hospital costs can quickly eat through these minimums if you’re at fault for an accident. Protect yourself from financial hardship and get enough coverage. The following minimums are in place to provide some financial protection in case of an accident:

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Bodily Injury 

You’ll need to rely on bodily injury coverage when you’re at fault for an accident and other people are injured. Here are the medical coverage minimums paid to another party if they need medical care from injuries sustained as a result of your negligence:

  • $25,000 per person: The total amount paid toward the medical costs of each person in the other party if they are injured in an accident.
  • $50,000 per accident: The total amount paid overall based on an accident that you caused.

Property Damage Liability

Property damage covers the other party’s vehicle in the event that you are found at fault for the accident. It does not, however, cover your vehicle. That is covered under collision insurance.

  • $20,000 per accident: The total paid to help restore the property that was damaged as a result of an accident you caused. 

Uninsured Motorist Bodily Injury

Uninsured or underinsured motorist coverage is an optional feature that can be added to your policy in Wyoming. It covers losses where another driver is at fault, but that driver either has no insurance or inadequate insurance coverage. 

  • $25,000 per person and $50,000 per accident

Wyoming Driving Laws

Driving laws in Wyoming can help keep car insurance prices low. These laws are designed to help you avoid distractions, stay safe in the event of an accident and correct you if you get behind the wheel while under the influence of drugs or alcohol. 

Cellphone Use

Texting while driving is against the law and you’ll be fined $75 fine for your first offense. New drivers are prohibited from using any type of device, including hands-free technology. Exceptions are made for vehicles parked on the side of the road or contacting emergency services. Drivers over 18 may use hands-free or voice-activated cellphone technology. 

Seat Belt Use

Wyoming requires all occupants of a vehicle — including drivers and passengers 9 years or older — to wear proper safety restraints. Passengers younger than 9 need to be fastened in an age- and height-appropriate child safety seat.  

Drinking and Driving Laws

You’ll face up to 6 months in prison, a fine of $750 or both if convicted of a DUI in Wyoming. The time frame changes to anywhere from 6 months to 1 year if there is a child 16 or under in the vehicle with you. All Wyoming DUI convictions suspend your license for at least 90 days. You may be required to install an interlock ignition device if your blood alcohol concentration tests higher than 15%. 

Insurance Rates per Vehicle

Many Wyoming residents look for cheap car insurance to see how much they could save. Take steps to raise your credit score and lower your car insurance rates — sometimes by as much as several hundred dollars. 

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What Makes a Specific Car Expensive to Insure?

Generally speaking, the more horsepower a vehicle has, the higher the probability that the driver will speed and pay more for car insurance. Parts for sportier vehicles may be customized beyond the base model and therefore be more costly to repair. Foreign-made vehicles are also more expensive to insure because parts may need to be imported to repair them. 

Insurance Rates by Insurance Credit Score in Wyoming

The best way to learn how to lower your auto insurance is to improve your credit score. Consider the differences below for approximate rates that someone with a poor credit score will pay versus someone with an excellent credit score.

Credit Score Cheapest Provider Rate for State Minimum Coverage
Poor 300–579 Dairyland $2,367
Fair 580–669 Allstate $1,757
Good 670–739 AAA $1,323
Excellent 740+ Liberty Mutual $990

Insurance in Wyoming for Drivers With a Clean Record

You’ll save money if you have a clean driving record. Check out our list of the top-rated companies for car insurance in Wyoming and approximate insurance costs for different types of coverage.

Insurance Agency State Minimum Insurance Standard Coverage Full Coverage
USAA $923 $1,234 $2,095
Allstate $777 $1,422 $1,804
Liberty Mutual $747 $1,534 $2,481
The Hartford $830 $1,741 $1,838
Hanover $791 $1,457 $1,917

Insurance with Driving Infractions in Wyoming

Been in an accident? Got a speeding ticket? It’s important to know what popular insurers in Wyoming could charge you for insurance. The table below outlines what popular insurers charge for various infractions — DUIs will impact your cost the most.

Insurance Agency  At-Fault Accident  Speed Violation  DUI
MetLife $2,257 $1,510 $4,881
Progressive $2,082 $1,481 $4,421
USAA $3,329 $1,400 $6,528
Horace Mann $3,215 $1,330 $5,457
Amica $2,446 $1,368 $6,490

4 Best Insurance Providers in Wyoming

There’s no “one-size-fits-all” approach to buying car insurance. We’ve reviewed top insurers as well as smaller car insurance companies in Wyoming to give you the best options. 

1. Cheapest Car Insurance in Wyoming: Liberty Mutual

Liberty Mutual can give you some of the best rates on your car insurance if you have a good or excellent credit score, as well as additional discounts and savings you may not even know you qualify for.

You could save up to 45% if you sign on with Liberty Mutual before your current policy expires, for example. Be sure to ask about these and other discounts when you get a quote. 

Allstate

Pros
  • Extensive agent network
  • Easy sign-up process
  • Many customer service options
Cons
  • Drivewise and Milewise aren’t available in all states

2. Car Insurance in Wyoming For Multiple Cars: Allstate

Allstate is a great option for multi-car policies.

Not only can you save money when you bundle policies, Allstate’s safe driving discount option rewards you with a check every 6 months you go without an accident.

It’s definitely worth it to get a quote if you have a new teen driver in the house, too — Allstate offers numerous student discounts.

3. Best Premium Car Insurance in Wyoming: Progressive

Progressive is an excellent option if you have a premium or luxury vehicle.

Progressive’s Coverage Checker® also tells you where you may have too much or not enough coverage on your policy. 

Use its Name Your Price® option to select the type of coverage you want and what you want to pay and the system helps you choose a good balance of features and cost.

USAA

Pros
  • Complete line of insurance, banking, and investment services
  • Easy online forms to quote and bind policies
  • Top-rated customer satisfaction
Cons
  • Very few physical locations
  • Only available to select groups, generally tied to military service and the relatives of members

4. Best Car Insurance for Military Families: USAA

USAA markets itself as insurance for military families but you may be eligible even if you’ve never served.

If your spouse or their immediate family members (parents or grandparents) are or were USAA members, you have the option to enroll. This eligibility extends to your children, too.

Choosing the Right Car Insurance in Wyoming

The right car insurance varies from person to person. Get a custom quote that reflects your specific vehicle and any discounts you qualify for. You may be surprised at just what can be considered a discount for car insurance. 

Everything from being a member of certain associations to choosing paperless billing may trim costs from your insurance bill, so be sure to get a personalized quote from the top companies we’ve featured. 

Frequently Asked Questions

Is there any way I can lower my insurance premiums?

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Is there any way I can lower my insurance premiums?

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Sherice Jacob

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You can often get a lower premium by maintaining coverage without any gaps in coverage. You can also lower your premium with discounts. Bundling your products is another way to lower your car insurance premiums. Get a customized quote to see if you can lower your premiums.

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What kind of discounts are usually available?

1

What kind of discounts are usually available?

asked

Sherice Jacob

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The most common discounts available are multi-policy and auto-pay, but every company is different. Other discounts that are widely available are loyalty, good student and anti-theft device discounts.

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Benzinga

How does my personal credit play a role?

1

How does my personal credit play a role?

asked

Sherice Jacob

1

Insurance carriers run credit scores to help determine policy premiums. Your insurance rates will likely be lower if you have an excellent credit score. On the other hand, your insurance rates may be higher if you have a poor credit score. Insurance companies believe credit scores are an indicator of whether you’ll make your insurance payments on time.

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*Quotes were obtained using the following profile: base 2015 Toyota Camry, male, 40-years-old. Policies reflect state minimum coverage options. We make every effort to provide the most accurate quotes based on the profile above. Due to the many combined variables involved in insurance quotes, the only way to get an accurate quote is to enter your own information through our partners’ secure websites.

View more information: https://www.benzinga.com/money/4-best-companies-for-wyoming-car-insurance/

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