Best Cheap Auto Insurance for 17 Year Olds in Wyoming

For teen drivers, one of the more important things that impact the cost of insurance is where you live. Cities with more crime and/or more people like Newcastle, Douglas, and Riverton will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.

The information below shows the most costly cities in Wyoming for 17 year olds in which to purchase auto insurance.

Annual rates are comparative as the specific zip code location can modify rates noticeably.

Locating cost effective car insurance is challenging, and finding out which company quotes the most affordable insurance rates for 17 year olds will involve a little more work. Policy prices will more than likely be quite a bit more expensive than the average policy in Wyoming because of the potential for higher claims related to selling coverage for teen drivers, but economical insurance should be attainable if you carefully shop around. Each auto insurance company has their own guidelines to set their prices, so we need to take a look at the insurance companies that tend to be cheaper in Wyoming.

It’s important to know that Wyoming insurance rates are determined by lots of factors which can substantially decrease or increase the policy price. That is why it is so important to spend some time comparing rates to find cheap auto insurance quotes for 17 year olds. Insurance rates are made up of many things and can increase or decrease at any time, so the most affordable company the last time you checked may now cost much more than other companies.

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USAA normally has some of the lowest car insurance rates in Wyoming at around $631 annually. Safeco, The Hartford, National Farmers Union, and State Farm also rank well as some of the cheaper Wyoming car insurance companies.

In the above rates, if you are currently insured with Safeco and switched to USAA, you might see yearly savings of about $277. Wyoming drivers with The Hartford may save as much as $303 a year, and National Farmers Union policyholders might reduce prices by as much as $349 a year.

To compare your rates to other Wyoming insurance companies, click here or visit any of the low-priced companies below.

Understand that those premiums are averaged for all types of drivers and the different vehicles they drive and are not factoring in a rate increase for 17 year olds. So the company that can offer you the best price may not even be included in the above rate chart. That underscores the importance of why you need to get car insurance quotes using your own specific driver and vehicle information.

The example below demonstrates how deductibles can change annual premium costs when trying to find cheap insurance for 17 year olds. The prices are based on a single male driver, comp and collision included, 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’,’$1,000 Deductible’],[‘Age 20’, 4759,4327,3863,3427],[‘Age 30’, 2417,2221,1997,1779],[‘Age 40’, 2415,2203,1967,1743],[‘Age 50’, 2195,2007,1795,1597],[‘Age 60’, 2123,1941,1739,1547],[‘Age 70’, 2587,2377,2151,1935]]);var options = {title: ‘Effect of Higher Deductibles on Car Insurance Prices in Wyoming’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

A 40-year-old driver could lower rates by $400 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $598 by using a $1,000 deductible. Younger drivers, like the Age 20 category, could lower their rates as much as $1,332 annually by choosing a higher deductible. If you do decide to increase your deductibles, it is a good idea to have additional savings on hand to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Get discount Wyoming car insurance

Insurance providers that provide the best cheap auto insurance for 17 year olds in Wyoming may also give you price discounts that could potentially reduce rates by as much as 40% or more if you meet the requirements. A few popular companies and some of the discounts are detailed below.

• The Hartford may have discounts that include good student, anti-theft, vehicle fuel type, defensive driver, and air bag.
• American Family offers discounts for multi-vehicle, air bags, accident-free, TimeAway discount, and good driver.
• Progressive discounts include multi-vehicle, multi-policy, homeowner, continuous coverage, good student, online signing, and online quote discount.
• Travelers has discounts for student away at school, new car, IntelliDrive, home ownership, good student, continuous insurance, and hybrid/electric vehicle.
• Farmers Insurance includes discounts for early shopping, mature driver, switch companies, teen driver, and alternative fuel.
• USAA may include discounts for new vehicle, driver training, defensive driver, loyalty savings, good student, multi-vehicle, and annual mileage.
• Liberty Mutual offers discounts including new graduate, safety features, new vehicle discount, preferred payment discount, teen driver discount, and multi-policy.

The chart below shows the comparison of auto insurance rates with and without discounts applied to the rates. Data assumes a male driver, no claims or driving violations, Wyoming state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with vehicle safety, anti-theft, good student, paperless filing, passive restraint, and continuous coverage discounts applied. When discounts are applied, the average savings per year on insurance for 17 year olds is 28% or $665.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 17’, 4827,3457],[‘Age 30’, 1685,1225],[‘Age 40’, 1655,1201],[‘Age 50’, 1507,1095],[‘Age 60’, 1459,1059]]);var options = {title: ‘Comparison of Insurance Rates for 17 Year Olds’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Wyoming’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

State Farm, Allstate, Progressive, or Geico: Who is best?

When it comes to buying car insurance for teen drivers in Wyoming, the companies with the most market share are State Farm, Allstate, Progressive, and Geico. They all offer your standard coverages, but each one has slightly different options that buyers can choose from. The next table rates ratings for price, service, and claims, in additional to some of the optional coverages .

Best cheap insurance quotes for teen drivers

Drivers have a lot of different ways to find cheaper insurance in Wyoming, but the most frequently used ways are using a non-exclusive or independent agent, an exclusive insurance agent like State Farm or Auto-Owners, or buying direct from a company like Progressive or Geico. You can use whichever method you prefer, but shoppers should understand the differences in how they give price quotes.

Independent agents write business for many companies and can get rate quotes from every one. These types of agencies are not employed by one specific company and can provide you with more rates, which can give you a better comparison. If a cheaper price is found, they simply move your policy to a different company which requires no work on your part.

An exclusive agent is only able to write business for just one company, two of the more popular are Farmers Insurance or State Farm agents. This type of agents cannot compare rates from other companies, so if finding the cheapest coverage is your goal, you will need to shop around.

Insurance from a direct company means you skip an exlusive or independent agent and instead buy direct from companies such as Geico or Progressive. Shopping for insurance direct may be good for consumers who do not need advice for risk management and have a decent understanding of how their policy works.

So which method is best to find the best cheap auto insurance for 17 year olds in Wyoming? It would be easy to say buying from a direct company results in the best prices because there is no agent involved, but that does not always hold true. It could also be said an independent agent results in the best rates since they can provide multiple quotes, but that assumption is also not necessarily accurate. In the right set of circumstances, exclusive agencies have coverage prices that other insurance companies cannot touch.

Since insurance companies use so many rating factors, the best method to ensure you are not overpaying is to get quotes and compare the rates. Take some time and get rate quotes from independent agents, exclusive agents, and direct companies to get an idea of which is cheapest. For a list of companies offering online discounts in Wyoming, click here to view.