The Cheapest Car Insurance Company in Wyoming
We’ve helped thousands of Wyoming drivers find the cheapest rates on car insurance in the state. By comparing quotes from Wyoming car insurance companies, you can ensure you’re getting the best deal to suit your budget and needs.
Generally speaking, Wyoming car insurance is priced below the United States average. However, certain car insurance companies are known for providing quotes that are below even the Wyoming state average – which sits around $1200 per year.
Companies that offer consistently low prices on car insurance in Wyoming include Progressive, GEICO, State Farm, and Grange Insurance Association, all of which tend to charge some of the cheapest prices for car insurance in Wyoming.
Wyoming Drivers Pay Consistently Low Rates Across the State, Regardless of City
Drivers across the United States typically pay more for car insurance in cities than they do in less populated areas.
This isn’t really true in Wyoming. In Wyoming, drivers in cities like Casper, Cheyenne, Laramie, Gillette, Rock Springs, and Sheridan tend to pay similar prices for car insurance as drivers in rural areas or smaller towns. Wyoming is the second least densely-populated state in America (behind only Alaska), which means urban areas aren’t associated with higher insurance prices like they are in other, more densely-populated states.
To make a long story short, Wyoming drivers pay competitive prices for car insurance across the state because the larger cities in Wyoming aren’t associated with significantly higher claims rates. Cities like Cheyenne and Casper don’t have the accident rates, traffic, or crime rates seen in other big cities in America.
Car Insurance for Young Drivers and Teenagers in Wyoming
As a teenager or early 20s driver in Wyoming, you’re always going to pay more for car insurance than an older person. The reason is simple: age brings experience, and older drivers statistically make fewer claims than younger drivers.
Fortunately, young drivers can access exclusive discounts that older drivers cannot, including:
If you take a defensive driving course and have good grades, then you can save hundreds of dollars per year on car insurance as a young driver or teenage driver.
Car Insurance for New Drivers in Wyoming
If you’re under the age of 17 in Wyoming, then you’ll need to go through the graduated licensing program to get your full license. You qualify for an instruction permit in Wyoming when you’re at least 15 years of age. An instruction permit allows you to drive with a licensed adult over the age of 18 in the front seat of the vehicle at all times. After holding your permit for at least 10 days, or after you turn 16, you qualify for an intermediate permit. An intermediate permit allows you to drive on your own without an adult in the vehicle, assuming you abide by other restrictions.
What about car insurance? Well, typically, your car insurance will cover a teen driver with an instruction permit, but it won’t cover a teen driver with an intermediate permit. If your teen driver is still learning to drive with an adult in the vehicle under the instruction permit, then it’s unlikely you need to upgrade your car insurance policy. However, once the teen driver gets an intermediate permit, you should contact your car insurance company to upgrade your policy immediately.
Car insurance prices in Wyoming will increase significantly after adding a teen driver to your policy. Consider looking at car insurance discounts or comparing car insurance providers in Wyoming to ensure you’re paying a fair price for car insurance after adding a teen driver to your policy.
Auto Insurance Rules and Requirements in Wyoming
Wyoming’s financial responsibility law requires all drivers to maintain minimum amounts of liability coverage. Residents can fulfill this requirement by:
- purchasing an automobile liability policy,
- purchasing a bond in the amount of $25,000, or
- making a cash deposit of $25,000 with the State Treasurer.
As a “Tort” state, motor vehicle operators in the state of Wyoming are legally and financially responsible for any damages to property, vehicles, or people that are a result of an auto accident for which they are at fault. If you choose to purchase an auto insurance policy, you must purchase coverage amounts above the state minimums outlined in the table below.
Residents of Wyoming may increase their protection by purchasing policy add-ons. Collision, comprehensive, medical payments, and uninsured/underinsured motorist coverage are great ways to protect you, your family and your assets.
|Coverage Type||Required?||Minimum Coverage Amount Required|
|Bodily Injury Liability||Yes||$25,000 per person / $50,000 per accident|
|Property Damage Liability||Yes||$20,000|
|Uninsured Motorist Bodily Injury||No||$25,000 per person / $50,000 per accident|
You may want to consider purchasing limits of coverage higher than those required by law to protect your assets or property, as you may be personally responsible for any damages above the policy limits.
Requirements for Leased Vehicles in Wyoming (WY)
Most leasing companies in Wyoming typically require drivers to maintain insurance coverage which exceeds the minimums set by Wyoming state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:
- Bodily injury liability coverage: $100,000 per person/$300,000 per accident
- Property damage liability coverage: $50,000
- Comprehensive and collision coverage: $500 maximum deductible
Wyoming Auto Insurance Contacts
|Wyoming Department of Transportation
5300 Bishop Blvd.
Cheyenne, WY 82009-3340
|State of Wyoming Insurance Department
Herschler Bldg, 3rd Floor East
122 West 25th Street
Cheyenne, WY 82002