Motorcycle Insurance in Wyoming: The Cheapest Quotes and Best Companies

The cheapest motorcycle insurance in Wyoming may not be the best option as it might only come with the minimum liability-only coverage required by Wyoming state law. A liability-only coverage plan will be cheaper because it does not cover your injuries or damages caused to your motorcycle if you’re at fault for the accident. It will only cover injuries and property damage to others involved in an accident. Taking that into consideration, a comprehensive and collision coverage policy could be better since it offers riders more protection.

MoneyGeek compared insurance rates and found the cheapest motorcycle insurance provider in Wyoming by using the profile of a low-risk rider with a 50/100/25 liability-only policy and a good driving record.

The following insurance companies offer the lowest average rates for liability-only coverage:

• Markel: $63 per year
• Progressive: $75 per year

GEICO offers the most expensive liability-only motorcycle insurance package. It charges $99 on average for a comparable policy, which is 36.4% more than Markel.

A full-coverage policy, which includes comprehensive and collision coverage, offers the best protection for a motorcycle rider in Wyoming. The policy covers the costs of injuries caused in the collision, regardless of whether the motorcycle collided with a structure or a vehicle. A full-coverage policy also protects your bike against vandalism, natural disasters, theft and fire.

If you're still paying off your motorcycle loan, a full coverage policy is preferred to a liability-only policy with limited coverage. MoneyGeek analyzed the profile of a good rider with 50/100/25 coverage and a $500 deductible for a full coverage policy to find the cheapest motorcycle insurance companies in Wyoming.

The following companies offer the cheapest rates on average:

• Progressive: $139 per year
• Dairyland: $152 per year

Nationwide, which was the most costly for a full coverage policy, quoted an average annual cost of $552. This rate is 74.8% higher than Progressive's quote.

Multiple factors affect motorcycle insurance rates in Wyoming. A few of them include coverage levels, motorcycle type, riding record, age and years of riding experience. After analyzing prices from various providers, MoneyGeek estimated the average cost of motorcycle insurance in Wyoming for full coverage and liability-only policies.

In Wyoming, a full-coverage policy will cost you an average of $247 per year or around $21 per month. This is $117 or 32% less than the national annual average.

A liability-only motorcycle insurance policy in Wyoming costs an average of $88 per year or $7 per month, which is $53 less than the national average of $141. Keep in mind, however, that a liability-only policy does not cover the motorcycle or any physical injuries incurred in an accident.

To calculate the cheapest insurance rates in Wyoming, MoneyGeek used a motorcycle insurance policy of $50,000/$100,000 bodily injury liability coverage and $25,000 property damage coverage. The full coverage policy considered had a $500 deductible.

MoneyGeek used a custom rating system to evaluate different insurance firms in Wyoming and determine the best motorcycle insurers with a strong balance of affordability and efficiency. The companies were analyzed based on insurance quotes for Wyoming, product offerings and selections, customer service, affordability and financial stability. More information about the scoring criteria can be found in our methodology. According to the calculations, the best motorcycle insurance carrier in Wyoming is Progressive.

It's easy to obtain a motorcycle insurance quote online in Wyoming. You need to provide the following information (and potentially more):

• ZIP code and address in Wyoming where the bike will be located
• Your date of birth
• Vehicle make, model and manufacturing year
• Your riding record
• Insurance coverage elections (for more information on this, see below)

It is important to consider the state's minimum coverage requirements before purchasing a motorcycle insurance policy. Wyoming's motorcycle insurance laws and requirements have made it mandatory for all motorcycle riders to purchase a policy that covers at least the following coverages:

• $25,000 per-person bodily injury liability
• $50,000 per-accident bodily injury liability
• $20,000 property damage liability

In Wyoming, all motorcycles must have a minimum liability-only coverage of 25/50/20. A policy of this kind will provide $50,000 in bodily injury coverage per accident with a $25,000 limit per person and property damage liability with a minimum limit of $20,000. If you are at fault for the accident, your insurance company will cover these claims.

According to state law, motorcycle riders in Wyoming are not required to have uninsured motorist, underinsured motorist or personal injury protection (PIP) as part of their motorcycle insurance. They only need bodily injury and property damage coverages. However, adding one or more of these coverages to your current motorcycle insurance policy will provide you with additional protection.

If you're shopping for a motorcycle insurance company in Wyoming, you must consider a number of factors. We've answered some of your most commonly asked questions, such as which company offers the cheapest insurance and how much motorcycle insurance costs in Wyoming.

To create this report, MoneyGeek collected motorcycle insurance quotes directly from insurers based on various coverage levels and driver profiles. The analysis can help you find the most affordable motorcycle insurance company in Wyoming. To find the best motorcycle insurance companies in the state, we used three criteria. These included the cost of the policy in Wyoming (60% weighting), product and service offerings (30% weighting) and AM Best's financial stability metrics (10% weighting). The most recent laws and requirements for purchasing an insurance policy were collected from the state DMVs to ensure you get the most accurate and up-to-date information.