How Much Is Car Insurance in Wyoming? (November 2024)

In Wyoming, drivers pay about $898 a year for full coverage car insurance. Minimum coverage insurance costs around $266 per year. Your car insurance price depends on various factors — your age, the extent of coverage chosen, your location, driving record and credit history.

Younger drivers may face higher rates due to a shorter driving history. Living in areas with high accident or theft rates can also increase your insurance costs. Conversely, a clean driving record and a strong credit history can work in your favor, potentially reducing your premium costs. It's essential to consider these elements to secure the most suitable insurance policy for your situation.

The average cost of full coverage car insurance in Wyoming is $898 annually. Understanding your area's average car insurance price is key to knowing if you're getting a fair quote. Compare car insurance quotes to see your options.

Here's the average auto insurance cost in Wyoming, ranging from minimum to full coverage, to give you an idea of what you might pay monthly or yearly.

Car insurance in Wyoming is generally more affordable than the national average. Minimum coverage in Wyoming costs around $266 annually or $22 per month, while the national average is $628 per year ($52 monthly).

Factors that make Wyoming insurance rates affordable include lower population density and fewer cars on the road, which result in less traffic and potentially fewer accidents, thefts, and claims.

Car insurance premiums vary widely between companies, even within the same state. In Wyoming, State Farm offers full coverage car insurance at only $745, while GEICO has the most expensive full coverage at around $1,035 per year. Compare car insurance quotes to find the cheapest car insurance in Wyoming.

Car insurance costs in Wyoming are also impacted by the level of coverage selected. While the monthly cost for minimum coverage stands at $22, opting for full coverage insurance with a $1,000 deductible raises the monthly investment to $75. Despite the higher price, full coverage is often recommended for its more comprehensive protection.

Adding comprehensive and collision coverage to your policy understandably elevates your premium. However, selecting higher deductibles can alleviate this increase. Remember, your deductible applies individually to each comprehensive and collision claim, providing you with flexibility in managing costs.

In Wyoming, the minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident and $20,000 for property damage liability per accident. Uninsured/underinsured motorist coverage, personal injury protection (PIP) insurance and death liability coverage are not mandatory.

In Wyoming, age impacts the car insurance cost, with younger drivers typically paying higher rates. Younger drivers generally face higher insurance premiums due to their lack of experience, while drivers age and gain experience, reflecting their decreasing risk.

Middle-aged drivers enjoy lower rates, and seniors maintain comparable affordability. Drivers aged 22 to 29 often face the highest rates, paying an annual average of $1,027 for full coverage. Drivers who are 30 to 59 see a reduction in their premiums, with an average cost of $898 annually. Drivers who are 60 and older enjoy the lowest rate at $889 per year.

In Wyoming, your age and gender can impact your car insurance rates, with 16-year-old male drivers facing the highest premiums. When added to a family policy, 16-year-olds pay around $2,366 per year.

Teens under 18 typically need a parent to co-sign a car insurance policy. When opting for individual coverage, the premium increases to $3,870.

In Wyoming, the average annual premium for full coverage car insurance on a 2012 vehicle model is around $876, whereas the same coverage for a 2022 model costs $1,334 per year. This increased cost reflects newer cars' higher actual cash value, repair expenses and theft risk.

Drivers with newer vehicle models should consider investing in comprehensive and collision coverages for greater financial protection against damage beyond accidents, such as weather damage, vandalism and theft.

The average cost of car insurance in Wyoming can differ greatly depending on your driving record.

• With a ticket: $1,220 per year; $102 per month
• With an at-fault accident: $1,187 per year; $99 per month
• With a DUI: $1,658 per year; $138 per month

Keeping a clean driving record is crucial in Wyoming to avoid higher car insurance rates. The severity of a violation can significantly influence insurance premiums. For instance, a DUI in Wyoming can influence your insurance rates for as long as five years.

Check out the table below to see how various violations may impact the cost of car insurance in Wyoming across different coverage levels and age groups.

Your credit score significantly influences car insurance costs in Wyoming. Drivers with an excellent credit score pay an average annual premium of $661 full coverage with a $1,000 deductible. Drivers with lower scores can see rates climb as high as $1,282 per year for the same coverage.

A good credit score typically ranges from 670 to 739. Scores can range from below 580 (poor) to above 800 (excellent), each impacting your premium differently. Affordable insurance plans tend to be associated with higher credit scores.

These are the key factors that can influence your car insurance rate in Wyoming:

• Age and Driving Experience: Younger drivers and those with less experience often face higher rates due to the increased risk of accidents.
• Driving Record: Clean driving records can lead to lower premiums, while accidents and violations will likely increase costs.
• Credit Score: Insurers consider credit history as an indicator of risk. A higher credit score can mean lower car insurance rates.
• Vehicle Type: Your car's make, model and year affect the cost of insurance. Expensive or high-performance vehicles typically cost more to insure.
• Location: Urban areas with higher traffic density and theft rates may have higher insurance costs than rural areas.
• Marital Status: Married individuals might receive lower rates as they are statistically less likely to file claims than single drivers.
• Coverage Type: Opting for state minimum coverage can be more affordable. Although they cost more, consider adding collision insurance and comprehensive insurance for better protection.
• Deductible Amount: Choosing a higher deductible can lower your insurance premium, but it means more out-of-pocket expenses in the event of a claim.
• Insurance History: Continuous insurance coverage can lead to better rates, while gaps in coverage may negatively impact the cost.
• Discounts: Qualifying for discounts based on safety features, driving courses or bundled policies can significantly lower insurance expenses.

To secure affordable car insurance in Wyoming, compare rates from multiple insurers, opt for a higher deductible and use all applicable discounts to reduce premiums.

Understand what to expect and make informed decisions about your coverage. Here are answers to questions about car insurance costs in Wyoming.