Finding the cheapest auto insurance in Wyoming can be tough. Rates vary from one company to the next, and depend heavily on personal factors such as age and accident history, so shopping around is crucial.
NerdWallet researched the two cheapest car insurance options in the state for a mix of driver types. Below you’ll find the lowest quotes for:
Cheapest for safe drivers
For drivers with no at-fault accidents, DUIs or moving violations.
price
- $70/month
price
- $75/month
Safeco is one of the cheapest options overall in Wyoming. For safe drivers, however, Geico undercut its price by about $5 a month on average. Geico also has a superior financial strength rating from industry reviewer A.M. Best. Both companies have a variety of discounts and similar coverage options.
Cheapest for young drivers
For drivers younger than 25.
price
- $137/month
price
- $138/month
Geico and Safeco scored almost identical premiums for young drivers in Wyoming. The two companies also have similar discounts and plan add-ons, including roadside assistance. Geico does distinguish itself in one area: a family pricing program. If young drivers have been on their parents’ Geico policy, they’re able to start their own plan at the same price, which, depending on their parents’ rates, may or may not be a good thing.
Cheapest for high-mileage drivers
For drivers who drive more than 40 miles a day.
price
- $79/month
price
- $79/month
Our research showed nearly the same price from Safeco and State Farm for Wyomingites with long commutes. Both companies have great ratings for customer service and claims processing, plus discounts to lower rates. State Farm’s car rental and travel expense coverage — which covers not only a rental car but also a hotel and meals if your car breaks down away from home — may put it slightly ahead.
Cheapest for drivers with an imperfect record
For drivers who have had at-fault accidents, DUIs or moving violations.
price
- $91/month
price
- $94/month
Safeco and State Farm also scored as the least expensive options for drivers with a violation or two. Our research found Safeco to be a bit cheaper, and the company’s accident forgiveness feature may make the difference for some. State Farm is also a solid choice; it has a number of discounts policyholders can use, whether or not they have a spotless driving history.
Minimum car insurance requirements in Wyoming
Wyoming drivers are required to carry liability insurance. This coverage goes toward others’ injury costs or property damage if you’re at fault in an accident.
The minimum limits are:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage liability per accident
Keep in mind, the bare minimum may not be enough to fully protect you on the road. You may also want to consider common optional coverages such as comprehensive coverage, which helps replace your car if it’s stolen, or uninsured motorist protection, which helps cover your medical treatment if you’re hit by a driver who lacks insurance.
Check out NerdWallet’s guide to state car insurance requirements for a more in-depth explanation of the required and optional parts of your Wyoming auto policy.
Alternative car insurance in Wyoming
Wyoming is one of several states that comprise the Western Association of Automobile Insurance Plans. High-risk drivers who try and fail to buy car insurance through the open market could qualify for coverage through WAAIP’s network of insurers.
If you’re in the market for auto insurance in Wyoming, try out NerdWallet’s handy car insurance comparison tool to compare rates from top companies side by side and possibly save hundreds of dollars.
Methodology
NerdWallet ran rates from the largest insurers in Wyoming across several ZIP codes. We tested for responsible drivers with no accidents or violations, drivers younger than 25, drivers who travel more than 40 miles per day, and drivers with violations or accidents on their record. We used a Ford F-150 as our sample vehicle, the most popular car in Wyoming. These are sample rates — your own rates will differ.
Alex Glenn is a staff writer for NerdWallet, a personal finance website. Email: aglenn@nerdwallet.com.
No comments:
Post a Comment