INSURANCE - CAR INSURANCE

Average Cost of Car Insurance in Wyoming for 2024

Updated Sept. 29, 2023
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American National Finance is generally the cheapest car insurance in Wyoming for full coverage policies.

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Whether you're a rodeo fan or love hiking through Yellowstone, Wyoming has incredible sights and attractions.

With its low population, it's not surprising that Wyoming has cheaper auto coverage than other states. The average cost of car insurance in Wyoming is $1,349 per year for full coverage policies, compared to the national average of $1,582.

How much you'll pay for coverage depends on several factors, including where you live in Wyoming, your age, credit history, and driving record.

In this article

Key takeaways

  • The average cost of car insurance in Wyoming is $1,349 per year for full coverage insurance.
  • Teens pay an average of $3,312 per year for car insurance.
  • The average annual premium after a DUI conviction is $2,388.

How much does car insurance cost in Wyoming?

Because Wyoming has a smaller population, fewer cars are on the road too. In fact, the U.S. Department of Transportation reported that there are just 861,028 vehicles registered in Wyoming, the fourth-lowest number in the country.

As a result, car insurance in Wyoming is relatively inexpensive. The average cost of full coverage policies that include liability, collision, and comprehensive insurance is $1,349, while the national average is $1,582. And state-minimum liability coverage is just $305 per year.

Avg. cost for full coverage Avg. cost for minimum coverage Cheapest insurance provider
$1,349/year $305/year American National Finance
Avg. for young drivers Avg. cost for seniors Avg. for high-risk drivers
$3,312/year $1,435/year $1,914/year

Average cost of car insurance in Wyoming by provider

When it comes to insurance providers, you have several options in Wyoming. We found that of the providers listed below, USAA and State Farm are the cheapest for full coverage policies, and USAA and GEICO have the lowest average premiums for state-minimum liability coverage.

Provider Full coverage Minimum liability coverage
MetLife $1,163/year $258/year
Farmers $1,401/year $381/year
Allstate $1,607/year $499/year
GEICO $1,442/year $203/year
State Farm $1,022/year $247/year
USAA $866/year $186/year

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How does credit score affect car insurance rates in Wyoming?

Your credit score plays an important role in determining your car insurance rates. Insurance companies will review your credit when underwriting your policy, so having a low credit score can cause you to pay more for coverage.

In Wyoming, drivers with excellent credit pay an average of $1,248 per year, which is less than the state average. By contrast, those with poor credit pay an average of $2,013 per year, hundreds more than the state average.

Credit health Avg. annual premium
Poor (550-649) $2,013/year
Average (650-699) $1,476/year
Good (700-749) $1,408/year
Excellent (750+) $1,248/year

Average car insurance rates for high-risk drivers in Wyoming

Unfortunately, Wyoming has a high percentage of drivers getting behind the wheel after drinking; the state has the highest rate of alcohol-impaired driving fatalities in the country. Considering those issues, it's not surprising that driving violations can impact your car insurance costs in the state.

We found that car insurance premiums in Wyoming increase by an average of $1,039 per year after a driving under the influence (DUI) conviction. And a speeding ticket can cause premiums to increase by $461 per year.

Violation Avg. annual premium before violation* Avg. annual premium after violation Avg. cost increase
At-fault accident $1,349/year $1,915/year $566
DUI $1,349/year $2,388/year $1,039
Speeding ticket $1,349/year $1,810/year $461

*Assumes clean driving record with good credit

How does age affect car insurance rates in Wyoming?

Teens are most likely to get into serious accidents, so they usually have the highest premiums. In Wyoming, the average premium for drivers that are 18 years old is $3,698 per year, thousands more than the state average.

Rates tend to decrease as you age, so drivers at age 60 have the lowest average premiums at just $1,220 per year.

Age Avg. annual premium
18 $3,698/year
25 $1,512/year
30 $1,336/year
40 $1,291/year
60 $1,220/year

Wyoming car insurance rates by city

Drivers in Gillette have the highest average premiums in Wyoming; they pay an average of $1,725 per year, significantly higher than the state average.

Gillette doesn't have a particularly high crime rating, but it does have a very high population density compared to the rest of the state. And a higher percentage of its population are teens. Those factors combined make it more likely that there will be accidents, so drivers in Gillette pay significantly more for coverage.

City Avg. annual full-coverage premium
Cheyenne $1,560/year
Casper$1,591/year
Gillette $1,725/year
Laramie $1,606/year
Rock Springs $1,666/year
Sheridan $1,564/year

WY's minimum car insurance requirements

Drivers in Wyoming must have car insurance, and your policy must meet the following coverage minimums:

  • $25,000 in bodily injury protection for one person
  • $50,000 in bodily injury protection for two or more people
  • $20,000 in property damage insurance

How to save money on car insurance in Wyoming

To save money on your car insurance premiums in Wyoming, follow these tips:

  • Ask about discounts: You may be missing out on discounts that can reduce your premiums, such as multi-policy, safe driver, anti-theft device, or paperless billing discounts. To find out what deals are available, contact your insurance agent.
  • Increase your deductible: Many people choose the lowest deductible possible so the insurer starts covering the cost of a claim sooner. But the lower your deductible, the higher your monthly premiums will be. If you have money stashed in savings and can afford a higher deductible, increasing the deductible amount can help reduce your premiums.
  • Consider a usage-based insurance (UBI) policy: UBI, also known as pay-per-mile insurance, is a good choice for remote drivers, stay-at-home parents, or those with short commutes. These policies base your premiums on your mileage and driving habits, so those who drive fewer miles and drive safely can save money. In Wyoming, UBI policies are available from several companies, including Nationwide, Progressive, and State Farm.
  • Get quotes from multiple insurers: Available coverages, rates, and discounts vary by company, so it's smart to shop around before choosing an insurer. You can start by requesting quotes from the best car insurance companies to find the lowest rates.

Methodology

Our analysis was conducted using six different auto insurance marketplaces to determine the average cost of auto insurance in each state. The data we analyzed included coverage premiums from up to 10 different insurance providers. We looked at rates by city, driver profile, and credit score, as well as factored in the impact of driving violations. This data is for comparative purposes only. Your actual quote may be different.

FAQs about car insurance costs in WY

Is car insurance expensive in WY?

Car insurance is less expensive in Wyoming than in many other states. The average cost of full coverage policies is $1,349 per year, while the national average is $1,582.

How much is car insurance per year in WY?

The average cost of car insurance in Wyoming is $1,349 per year for full coverage policies. For state-minimum liability coverage, the average price is $305 per year.

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Author Details

Kat Tretina Kat Tretina is a personal finance expert focusing on practical financial matters, including student loans, debt repayment, side hustles, insurance, and healthcare. Drawing from her personal experience, she aims to simplify complex financial topics and provide individuals with the information they need to make informed decisions.