The Cheapest Auto Insurance in Wyoming in 2023

Even though Wyoming is the least populated state in the U.S., it ranks as the 13th-cheapest state for car insurance. Drivers in the Equality State pay, on average, $40 per month for car insurance — with insurers like GEICO and State Farm often offering the cheapest rates in every driver category.

The state’s minimum liability insurance requirements are 25/50/10 (more on that later). But, with multiple wildlife car collisions occurring annually in Grand Teton and Yellowstone National Parks, it may be beneficial for drivers living in rural areas to purchase additional coverages to protect their own vehicles.

If you’re shopping around for cheap auto insurance in Wyoming, read on to find the best coverage without compromising on protection.

Key Takeaways:

• Wyoming drivers pay an average of $40 per month for car insurance — well below the national average.
• The cheapest overall car insurance companies in Wyoming are State Farm and GEICO.
• Wisconsin teens and seniors can find the most affordable liability-only car insurance with GEICO.

Wyoming’s Cheapest Car Insurance Companies

Average rates in Wyoming are $40 per month, but drivers can still save while potentially adding extended coverages like uninsured motorist coverage and medical expense reimbursement.

The five companies in the table below offer the most competitive rates in Wyoming, according to Compare.com data.

State Farm and GEICO nearly tie with the lowest rates for Wyoming drivers, with average monthly premiums of $57 and $58, respectively. But these two insurers might not be the cheapest option for you. Your actual rate can depend on different factors such as your age, driving history, and more.

State Farm and GEICO’s competitive rates are an example of why it’s important not only to shop around to compare quotes but also to dig deeper into details such as customer service ratings, financial strength, and available discounts to see which is truly best for you.

Let’s see which companies align with certain driver profiles based on top rating factors.

Compare.com’s Best Wyoming Insurance Companies of 2023

There’s no single best car insurance company for everyone. The following companies were chosen based on diverse factors you should consider, including average premium rates, available discounts, customer ratings, and coverage types.

Here are the best auto insurance companies for different driver demographics in Wyoming.

GEICO: Best for all-age affordability

Average monthly quote: $19 per month

Compare.com rating: 4.65 out of 5

Trustpilot rating: 1.3 out of 5

BBB rating: A+

Pros:

• Cheapest overall insurer in Wyoming
• Multiple insurance products besides auto
• Affordable rates for teens and seniors

Cons:

• Gap insurance not available
• Not the cheapest in all categories
• Fewer local agents than other companies

GEICO has the cheapest rates for liability-only coverage, including liability insurance for both teens and senior drivers, according to Compare.com data. Although GEICO doesn’t have the cheapest rates for drivers with checkered histories, its extensive discounts and DriveEasy telematics app offer additional opportunities for drivers to lower their rates.

State Farm: Best for drivers with traffic violations

Average monthly quote: $25 per month

Compare.com rating: 4.3 out of 5

Trustpilot rating: 1.7 out of 5

BBB rating: B-

Pros:

• Cheapest for full-coverage rates
• Low number of National Association of Insurance Commissioners (NAIC) complaints in Wyoming
• Highly rated mobile app

Cons:

• Not as many coverage options as some competitors
• Not the cheapest liability-only insurer
• Low BBB rating compared to competitors

Wyoming drivers with traffic violations may benefit most from State Farm. The insurer has the cheapest rates for Wyoming drivers with speeding tickets, at-fault accidents, and driving under the influence (DUI) convictions on their records. State Farm is also the largest insurer in the country by market share and has a high J.D. Power rating for customer satisfaction and claims satisfaction.

Farmers: Best for college students

Average monthly quote: $44 per month

Compare.com rating: 4.1 out of 5

Trustpilot rating: 1.5 out of 5

BBB rating: N/A

Pros:

• Good discounts for students
• Rates competitive with lowest insurers
• Rideshare insurance available

Cons:

• Lower AM Best rating than competitors
• Below-average customer ratings
• Only 15 agents in the state

Farmers Insurance opened its doors in the 1920s, initially covering farming equipment before evolving to offer a host of insurance products. Though not the lowest-priced insurer in the state, young drivers in Wyoming might benefit from Farmers’ student discounts, whether they live at home or are miles away at college.

The Good Student discount reduces premiums for students maintaining good grades, while students away at college can get reduced rates through the Distant Student discount if they don’t have regular access to a vehicle.

The Average Cost of Wyoming Car Insurance

The average monthly cost of car insurance in Wyoming is $40. Let’s see how it compares to the national average and neighboring states.

Wyoming has the cheapest overall monthly rate compared to nearby states — almost $90 cheaper than the national average. Other than Utah and Colorado, the remaining states in the table have monthly rates below the national average.

Wyoming is the least populated state in the country and has a far lower number of car thefts than the other states listed. But that doesn’t mean Wyoming has the lowest average auto insurance rates in the country.

Insurance companies look at population density and motor vehicle thefts when determining insurance rates, but, while they influence auto insurance rates, they aren’t the only factors that do.

We’ll look at how age and driving record influence rates for Wyoming drivers in the sections below.

Cheapest State-Minimum Car Insurance in Wyoming: GEICO

Your coverage levels can affect how much you pay for car insurance rates: The less you have, the less you likely pay. Liability-only coverage is the cheapest policy available. It pays for the other driver’s injuries and property damages in an at-fault accident.

The table below shows the insurers offering the cheapest liability insurance in Wyoming.

Every company in the table has affordable liability insurance rates, but American National and MetLife’s Rates are almost three times as high as GEICOs. That’s why it’s important to shop around to get the lowest rate.

Next, let’s see if these same companies rank similarly for full-coverage policies.

Cheapest Full-Coverage Car Insurance in Wyoming: State Farm

Full-coverage car insurance typically includes collision insurance and comprehensive coverage in addition to liability coverage. It’s more expensive than liability-only coverage because it provides more protection. If you want financial coverage for any damages to your vehicle, a full-coverage policy may be best for you.

The table below shows the cheapest options for full-coverage insurance in Wyoming.

State Farm comes out on top as the cheapest insurer for full coverage, although its rate isn’t that much higher than GEICO’s monthly rate of $96.

On the other hand, Allstate’s rates are almost double State Farm’s. But Allstate may offer more inclusive full-coverage options than other insurers.

But again, this is why it’s crucial to shop around for multiple quotes to get the best rate.

Compare Wyoming Auto Insurance Rates by Age

Age plays a huge role in your insurance rates, too. Auto insurance rates are often higher for drivers with fewer years of experience. Fortunately, your risk level and insurance premiums decrease as you get older.

In the next sections, we’ll show you how rates compare between teen and senior drivers in Wyoming.

Cheapest car insurance for Wyoming teens: GEICO

Unfortunately, teen drivers have a four-times-higher fatal crash rate than middle-aged drivers — which is why young drivers are considered high-risk and receive the most expensive car insurance. Thankfully, rates for all coverage types tend to drop as drivers reach 25 years old.

Here are the best companies for 18-year-old drivers in Wyoming, sorted by liability rates.

GEICO and State Farm both offer cheap liability-only insurance for teens: $63 and $77 per month, respectively. State Farm and GEICO’s full-coverage policies are the most competitive compared to the rest of the insurers in this category.

You can lower your teen’s rate by asking your insurance agency about discounts your student qualifies for.

Next, we’ll look at how drivers in their 60s compare to teens.

Cheapest car insurance for Wyoming seniors: GEICO

Senior drivers tend to get the lowest car insurance rates as they move from middle age to retirement age. Their experience — coupled with less time spent commuting in retirement — lowers their accident risk.

The table below shows the cheapest auto insurance rates for 65-year-old drivers in Wyoming.

GEICO offers the cheapest liability coverage in Wyoming, just $1 less per month than State Farm. There’s a $28 monthly difference between the insurers’ full-coverage policies, though.

Although older drivers have some of the lowest rates in Wyoming, it’s important to point out that while one insurer may have the lowest liability rate, you might be able to get a cheaper full-coverage rate from a different insurer.

Compare Wyoming Auto Insurance Rates by Driving Record

Although ZIP codes within rural areas, marital status, and gender affect your insurance premiums, your driving record is perhaps the most important rating factor.

Let’s take a closer look at how Wyoming car insurance rates increase when you have an at-fault accident, speeding ticket, or DUI on your record.

Cheapest car insurance for good drivers in Wyoming: GEICO

Good drivers — those with clean driving records — get the best deal on car insurance. They show responsibility behind the wheel by avoiding car accidents, driving the posted speed limit, and not driving under the influence of drugs or alcohol.

The table below shows the cheapest car insurance companies for good drivers in Wyoming.

GEICO and State Farm, yet again, offer the cheapest liability and full-coverage policies for good drivers. While MetLife and American National have competitive liability-only rates, MetLife has substantially higher full-coverage premiums than all insurers in the table.

Let’s see how average annual rates increase when get a speeding ticket.

Cheapest car insurance in Wyoming after a ticket: State Farm

Speeding is one of the most common traffic infractions. Just one speeding ticket on your record could increase your car insurance rates by 37%, according to Compare.com data.

The table below shows the five cheapest insurance companies in Wyoming for drivers with one speeding.

State Farm comes out on top as the cheapest company for drivers with one speeding ticket. GEICO’s rate is lower for drivers with clean records, which is why it’s smart to get new insurance quotes after you get a traffic ticket.

Now, let’s examine which companies have the best rates for drivers in Wyoming with an at-fault car accident on their record.

Cheapest car insurance in Wyoming after an accident: GEICO

After an at-fault accident, your car insurance rates will likely increase — and by as much as 44%, according to Compare.com data. The table below shows the cheapest rates for drivers with just one at-fault accident.

GEICO and State Farm tie as the cheapest companies for liability-only insurance. But State Farm’s full-coverage policy is the cheapest, at $105 per month.

Let’s see how rates compare with another costly traffic violation: DUI.

Cheapest car insurance in Wyoming with a DUI: State Farm

Car accidents involving alcohol kill more than 50 people each year in Wyoming. Penalties for DUIs include a $750 fine, six months in jail, and a license and registration suspension (which requires filing an SR-22 to reactivate it). The fourth offense is a felony that can include up to a seven-year prison sentence and $10,000 fine.

A DUI conviction can increase your auto insurance rates by 94%, according to Compare.com data, but that doesn’t mean you’re stuck with higher rates.

The table below shows which insurers offer the best rates for Wyoming drivers with a recent DUI.

State Farm has the lowest monthly liability and full-coverage rates for drivers with a DUI in Wyoming. Although GEICO has a lower liability-only rate than many other competitors, its full-coverage rate is the highest of all insurers on the list — and 61% more than State Farm’s.

5 Ways to Get Cheap Car Insurance in Wyoming

Here are some ways you can get lower rates, according to the Insurance Information Institute (Triple-I).

• Ask about discounts. Many car insurance companies don’t advertise all of their available discounts online.
• Consider raising your deductible. Opting to pay a higher deductible may help lower your monthly out-of-pocket expenses.
• Reduce coverage on an older vehicle. Collision and comprehensive insurance may not be the best option if your car’s value is worth less than 10 times your annual insurance premium for the two coverages.
• Keep an eye on your credit history. Low credit scores tend to get higher rates; improving your credit score could get you lower rates.
• Shop around and compare rates. Although GEICO is the cheapest insurer in many categories, it may not be the cheapest for you. Comparing quotes from at least three companies can help you find the best rates for your situation.

Even if you plan to purchase liability-only coverage, if you shop around, you might be able to increase your coverage level and limits without spending more money.

We’ll cover Wyoming’s auto insurance requirements next so you can ensure you have the right coverage to meet your state’s requirements.

Wyoming Auto Insurance Requirements

Wyoming’s minimum requirements for a car insurance policy are 25/50/20. This means you must have $25,000 of bodily injury liability insurance per person, $50,000 of bodily injury liability insurance per accident, and $20,000 in property damage liability insurance.

All auto insurance companies must provide this minimal coverage option, and drivers must always have proof of insurance if they’re involved in an accident that causes over $1,000 in property damage or injury to someone outside of the driver’s immediate household.

Penalties for driving without auto insurance in Wyoming

It’s illegal to drive in Wyoming without the minimum coverage required by state law.

If caught operating a vehicle on a public Wyoming roadway without the correct insurance, the penalties for the first offense may include $250 to $750 in fines and possible imprisonment for up to six months. Additionally, you must maintain proof of financial responsibility for three years.

For a second offense, fines increase to between $500 to $1,500 and six months or less of imprisonment. Wyoming drivers must maintain proof of financial responsibility. Registration and license plates may be suspended by the state until proof of financial responsibility is met.

SR-22 auto insurance in Wyoming

For drivers caught committing serious violations — such as driving without a license or drinking and driving — many states require proof of ongoing insurance to drive. An SR-22 form isn’t an insurance policy; rather, it’s a form from an insurer given to the state that acts as proof that you currently meet legal insurance requirements.

If you’re a Wyoming driver in need of an SR-22, it’s a good idea to ask a potential insurance company if it files SR-22 forms before purchasing a policy with the insurer. Some insurer websites, like American National, don’t state whether these forms are filed on behalf of policyholders.

Wyoming Auto Insurance FAQs

Wyoming auto insurance is often cheaper than in other states, but you might still have questions about finding the lowest rates available. We’ve answered common questions about finding the best auto insurance rates in Wyoming.

What is the cheapest auto insurance in Wyoming?

On average, the cheapest auto insurance in Wyoming is liability-only coverage. Though rates depend on a variety of factors, good drivers with clean records can get minimum liability insurance through GEICO for an average of $19 per month.

How much is car insurance per month in Wyoming?

The average cost of car insurance in Wyoming is $40 per month. Between major insurance companies and independent agents, drivers in Wyoming may find some of the cheapest policies in the country — plus extra savings when they qualify for discounts or incentive programs.

Is auto insurance cheaper in Wyoming?

Yes. Wyoming auto insurance ranks as the 13th-cheapest state for auto insurance, according to Compare.com data. Compared to the national average of $129 per month, Wyoming’s average premiums are more than three times lower, at $40 per month.

Which company has the best car insurance in Wyoming?

The best car insurance in Wyoming is subjective based on the driver’s needs. If your goal is affordability, the best car insurance companies in Wyoming include GEICO, State Farm, and Farmers — all of which have the best rates for liability-only and full-coverage car insurance.

Methodology

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance rates from more than 75 partner insurance providers in order to compile the quotes and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information. All quotes listed in this article have been gathered from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide drivers with insight into how auto insurance companies determine their premiums.

Sources

1. U.S. Census Bureau, “Wyoming 2020 Census,” Accessed November 2, 2023.
2. IIHS, “Teenagers,” Accessed November 2, 2023.
3. WYGCID, “Wyoming Drunk Driving and DUI Statistics,” Accessed November 2, 2023.
4. III, “How to save money on car insurance,” Accessed November 2, 2023.
5. Wyoming DOT, “Frequently Asked Questions”, Accessed November 2, 2023.
6. Consumer Federation of America, “Penalties for driving without auto insurance by state,” Accessed November 2, 2023.