How Much is Auto Insurance for Drivers Requiring a SR22 in Wyoming?

The car, truck, or SUV driven is one of the largest considerations that determines whether or not you find the lowest-priced coverage for drivers requiring a SR22. Vehicles with reasonable performance levels, a plethora of safety features, or low incidents of liability claims will cost quite a bit less to insure than high performance models. The list below features car insurance costs for the more afforable automobiles to insure.

Table data assumes single female driver age 40, two speeding tickets, two at-fault accidents, $500 deductibles, and Wyoming minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Rate information does not factor in your specific Wyoming location which can alter premiums noticeably.

Looking at the data, you can presume that models like the Honda CR-V, Hyundai Elantra, and Volkswagen Jetta are the cheapest vehicles to insure for high risk drivers. Rates will tend to be more expensive just due to the fact that there is more liability risk for drivers requiring a SR22, but generally speaking those specific models will probably have the cheapest car insurance rates compared to other types of vehicles.

Finding low-priced car insurance is hard enough, and determining which companies quote the cheapest insurance rates for drivers requiring a SR22 will take even more work. Insurance prices will most likely be quite a bit more expensive than the average rate in Wyoming, with the increase attributed to the extra risk related to offering coverage for high risk drivers, but affordable insurance should be achievable if you find the right company. Every auto insurer has their own guidelines for setting prices, so let’s begin by taking a look at the insurance companies that tend to have lower prices in Wyoming.

Find the Cheapest Auto Insurance for SR22 Drivers

Compare Rates Today

USAA offers some of the most affordable car insurance rates in Wyoming at around $631 each year. The Hartford, Safeco, National Farmers Union, and GEICO are also some of the cheaper Wyoming car insurance companies.

As shown in the table above, if you are currently insured with Safeco and switched to USAA, you may see yearly savings of about $305. Insureds with National Farmers Union could save as much as $339 a year, and GEICO insureds might reduce prices by as much as $377 a year.

Understand that those policy rates are averaged for all ages of drivers and types of vehicles and and are not figured with a rate increase for drivers requiring a SR22. So the auto insurance company that can offer you the lowest price may not even be featured in the list of companies above. That point stresses why you need to quote rates from many companies using your own personal information and vehicle type.

When shopping for cheaper insurance for high risk drivers, one of the many criteria that establish auto insurance rates is where you live in Wyoming. Areas that are more densely populated like Newcastle, Jackson, and Riverton will most likely have higher rates, whereas areas with less crime or weather claims generally have lower rates.

The next table lists the most expensive places in Wyoming for drivers requiring a SR22 to buy auto insurance in.

Prices are estimated as the vehicle garaging location can affect prices greatly.

The chart below demonstrates how choosing different deductibles can raise or lower annual premium costs when getting quotes for cheap insurance for drivers requiring a SR22. The premiums are based on a single female driver, full coverage, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2865,2635,2381,2143],[‘Age 30’, 1989,1821,1631,1445],[‘Age 40’, 1843,1693,1519,1353],[‘Age 50’, 1613,1479,1327,1183],[‘Age 60’, 1557,1431,1285,1145],[‘Age 70’, 1813,1667,1507,1353]]);var options = {title: ‘Effect of Deductibles on Auto Insurance Cost in Wyoming’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 40-year-old driver could pocket $286 a year by switching from a $100 deductible up to a $500 deductible, or save $430 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old, could drop their prices up to $722 each year by using higher deductibles when buying full coverage.

When using a larger deductible, it will be required to have additional savings on hand to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

How to get cheap auto insurance for drivers requiring a SR22 in Wyoming

It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help you find lower-cost coverage.

• Just one traffic violation will increase your rates
• Avoid filing excessive claims
• Bundle home and auto and earn a discount
• Avoid accidents
• Increase your deductibles
• Improve your credit rating
• Compare price quotes at least once a year

The last item on the list is remarkably vital, as we emphasized in this piece. Prices change constantly, so drivers shouldn’t be resistant to switch carriers if a lower price can be found.

Having brand loyalty is commendable, but it’s not recommended if that stubbornness costs you money that could be used for better things. If you have a few minutes, shop around and find cheaper auto insurance for drivers requiring a SR22.

Who has the cheapest insurance quotes for high risk drivers?

There are a variety of different ways to comparison shop for insurance in Wyoming, but the most common are through an exclusive insurance agent like State Farm or Allstate, an independent or non-exclusive agent, or from a direct company like Geico or Progressive.

They all have the same basic principle, but each is slightly different in how they provide price quotes.

Independent insurance agents have contracts with many companies and can compare rates with every one. These types of agents are not employed by only one company and can get prices from more than one company, which can help you get the best chance of finding a lower price. If you are not satisfied with one company, your policy can be easily switched to a different company which is easy for the insured.

A captive or exclusive agent is restricted to quoting rates for just one company like an Allstate or Liberty Mutual agent. Exclusive agents generally are unable to provide multiple price quotes, so they really need to provide good service.

Direct insurance buyers do not use an agent and instead shop buying direct from a company like Progressive or Esurance. Buying direct can be good for drivers who have little risk and understand what is covered and what is not.

So which way is best to buy cheap auto insurance for drivers requiring a SR22 in Wyoming? The majority of insurance shoppers assume that buying from a direct company saves money since there is no middleman, but that generally is not the case. We could also assume that going through an independent agent guarantees the lowest rates since they have more companies to choose from, but that assumption is also not accurate. In the right set of circumstances, exclusive agencies have coverage prices well below independent agents AND direct companies.

Since insurance companies use so many rating factors, the best way to buy the cheapest coverage is to obtain price quotes and compare them. We recommend you get price quotes from all three to get an idea of which is cheapest. To see some of the cheapest online companies available, click here to view.