Everything You Need To Know About Auto Insurance in Wyoming

When people think of Wyoming, they probably think of vast, untamed (and unpopulated) areas of rugged terrain. That’s all 100 percent true about this state that overshadows most states in size, but has fewer than 6 residents per square mile.

Wyoming prides itself on the independence of hardy residents, its open spaces, and its diverse landscape and wildlife. This is the true American West, where there are more pronghorn sheep than people, but cowboys still rule the range. In fact, the state’s nickname is the Cowboy State because the code of the cowboy (be nice, help your neighbor and respect the land) is still a part of daily life here.

Cheyenne is the largest city by population (65,000) and continues to grow at a rate surpassing the rest of the state. A developing energy sector is helping attract new residents and the cost of living remains low. Although its considered a safe place to raise a family, those who call Wyoming home still battle brutally cold winters, however the payoff is mild summers. Many tourists flock to Wyoming every year to visit the wildly beautiful mountains and the gem of Wyoming, Yellowstone National Park.

If you live in Wyoming or you are just visiting, you’ll need car insurance. For those who want to protect themselves with the best auto insurance available, InsureOne offers a top-quality experience with flexible and customizable options.

How Much Does Car Insurance Cost in Wyoming?

Wyoming drivers pay average annual auto premiums of $1,292 for full coverage and $358 for minimum liability insurance.

These premiums are substantially lower than national averages, which trend around $2,014 and $622 for full and minimum coverage, respectively. Drivers in the Cowboy State pay less due to the rural nature of the state and fewer claims. The state also doesn’t face many severe weather events that might cause auto insurance rates to increase.

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What Does it Mean if a State is an At-Fault?

An at-fault state, like Wyoming, means drivers who cause accidents (and their insurance companies) are responsible for the costs of injuries and damages that result. Wyoming requires its drivers to carry basic liability insurance for this reason.

Liability consists of an amount to pay for the injuries and deaths, plus repairs and replacement of vehicles and other property, that result from an accident. Liability will not pay anything toward the at-fault policyholder’s injuries and damages.

In an accident where more than one driver bears responsibility, the insurance companies and the courts will divvy up the fault, so one driver may be on the hook for 25% of costs while another driver is responsible for 75% of costs.

If you cause an accident in Wyoming and you do not have enough insurance to pay for all the injuries and damages, you may be taken to court and sued. This is why many drivers choose to increase their basic liability coverage or get more protection by adding collision coverage and comprehensive insurance to their policy, which offers better protection.

Affordable Car Insurance Rates Comparison by Cities in Wyoming

For a comparison of the average monthly premiums drivers pay in different cities across the state, check out our breakdown below.

City Full Coverage Insurance Liability Insurance Coverage
Cheyenne $135 $28
Laramie $141 $24
Sundance $146 $24
Cody $141 $23
Casper $138 $29

Our average monthly premiums by city are based on the following methodology: male, age 30, lowest possible legal coverage allowed by Wyoming.

How Bundling Your Vehicle and Homeowners Insurance Can Save You Money in Wyoming

A multi-line policy, otherwise known as bundling, means insuring one or more items under one policy or with one company. It shows loyalty to an insurer and also makes it easier to administer the policy and any claims. These are reason why insurance companies will reward their customers with a decent discount for bundling.

In the Cowboy State, drivers who are also homeowners can save up to 25% by insuring both of these lines under one policy. Rental space is rare in Cheyenne and Jackson, but if you are lucky enough to find it and bundle your renters insurance with your auto plan, you can save up to 15%.

At InsureOne, although we offer one-stop shopping, we know that there is no one-size-fits-all insurance solutions. We’ll work with you to customize a policy that meets your needs. Best part? We’ll do the shopping for you with A-rated carriers!

What Types of Auto Discounts Are Available in Wyoming?

It’s the cowboy way to make the best use of your resources and what better way to make the best use of your money than to get all the discounts you can? There are many available so be sure and ask your agent which ones apply to you.

There are many ways to save money on your premiums, including:

  • Safe driver discount
  • Military discount
  • First responder discount
  • Senior citizen discount
  • Autopay and pay up front discount
  • Defensive driver course discount
  • Good student discount

Other ways you can decrease your premium include increasing your deductible and purchasing a car with a good safety rating.

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Wyoming Car Insurance Laws

Wyoming has a 25/50/20 minimum liability coverage mandate. Here’s a closer look at what this means.

What Are the Mandatory Car Insurance Requirements in Wyoming?

In Wyoming, state law sets the mandatory minimum car insurance limits at 25/50/20. That means if you cause a crash, a basic policy must provide:

  • $25,000 to cover the medical bills or funeral expenses of one person involved if they are hurt or die as a result of their injuries
  • $50,000 to cover treatment for injuries or deaths for two or more people
  • $20,000 to pay for property damage

Most drivers opt to increase these limits up to 100/300/100. This gives you better protection if you cause an accident, for example by hydroplaning into someone during a Wyoming rainstorm.

Your liability will not pay anything towards your own injuries and damages, so it’s advisable to consider adding something like collision insurance, which will help to pay for your own repairs. Depending on your health insurance situation, you may want to consider adding Medical Payments (MedPay) coverage, which helps pay for your injuries, regardless of who is at fault and Uninsured Motorist Coverage (UM), which will help you pay for your damages if you are hit by an uninsured (or underinsured) or hit-and-run driver.

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What Is the Penalty for Driving Without Insurance in Wyoming?

If you get caught driving without insurance – or worse, causing an accident without insurance – in Wyoming, you’ll be subject to license suspension, fines and possibly an SR-22 requirement. An SR-22 requirement labels you as a high-risk driver to insurance agencies, so your policy premium will likely double and maybe even triple.

What Factors Does Wyoming Law Allow in Determining Your Premiums?

Wyoming insurance companies use a variety of factors to determine your premium amount. Since many of these factors are unique to you, your premium will be different than your neighbor’s rate. Some of the factors underwriters consider include:

  • Age
  • Driving record
  • Gender
  • Location
  • Marital status
  • Credit history

Auto Insurance Rates for Young Drivers vs Older People in Wyoming

In Wyoming, young and inexperienced drivers face the same hurdles as new drivers everywhere. Insurers are reluctant to take a chance on this group since as a collective whole, they are more likely to get into an accident and file a claim. An insurer will mitigate this risk by charging a large premium in hopes that it will help pay off any forthcoming claims.

An older and experienced driver on the other hand will receive the lowest rates if they have maintained a good and safe driving history with little to no claim activity.

In Casper, a 16-year-old male will pay an average of $124 per month for the minimum state-required liability and $539 monthly on average for full coverage. On the other hand, a 55-year-old male will average $27 monthly for the minimum and $122 for full.

Parents of new drivers have some options to help offset the costs of new driver insurance. One thing that may be helpful is to have your teen research coverage costs and point out how much these go down if the driving record stays pristine. By the time a teen is 20, the average cost for full coverage will drop in half with a clean driving record.

What Is Driving Like in Wyoming?

Wyoming offers all four seasons, something that many people enjoy. The summers are mild and dry, so it’s a great time to pile the family in the car for a road trip to Hot Springs State Park for a soak in steaming hot water, get wild at a rodeo in Cheyenne or visit Yellowstone.

Between the months of December and February, the snow falls (sometimes as much as 5” daily), so travel becomes more limited. If you must drive, be aware of ice and consider snow tires.

Depending on where you live in Wyoming, our expert InsureOne agents help you find the best auto insurance with customizable options that meet your needs.

How Many Car Accidents Happen in Wyoming?

In 2021, there were 103 fatal crashes in Wyoming with 111 people killed. People driving impaired accounted for 41 of those fatal crashes, with 46 impaired people dying. Speeding was responsible for 43 fatal crashes, while distracted driving accounted for 6 deadly wrecks. December was by far the heaviest month for crashes overall.

City Fatal Crashes in 2021
Cheyenne 8
Laramie 1
Sundance 1
Cody 0
Casper 4

Source: Wyoming Department of Transportation

How Many Uninsured/Underinsured Motorists Are in Wyoming?

In 2019, the latest year statistics are available from the Insurance Information Institute, Wyoming was the fifth lowest state for uninsured drivers, with only 5.8 percent of drivers uninsured or underinsured.

Get the Best Car Insurance in Wyoming Today

InsureOne offers the best coverage in Wyoming at a great price. Our agents do the work for you, so you can spend time on more important things. We work with the top-rated carriers in Wyoming and we offer flexible and customized solutions.

Our agents save you time and money by researching quotes and presenting you with several options that meet your needs. Get a quote online, visit us at an office near you, or call us at (800) 836-2240 for a quote.