Cheapest Car Insurance for First-time Drivers in Wyoming

This would be a quick read if we could just tell you the one best car insurance company that has the best deal on coverage in Wyoming. It’s not quite that easy, unfortunately, as there are a whole slew of unknown factors such as whether or not you are currently insured, the deductible level you need, if you are wanting full coverage, and whether you need higher levels of liability coverage, that all impact the cost of your policy. We are going to cover the different scenarios that increase car insurance cost and will hopefully give you a jump start in finding the best auto insurance.

Cost and performance of the vehicle on the policy is one of the largest factors when shopping for the most economical car insurance for first-time drivers. Vehicles with economical engines, modern passenger safety features, or a track record of few liability claims will cost quite a bit less to insure than higher performance models. The information below presents coverage costs for some of the more afforable automobiles to buy coverage for.

Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wyoming minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in your specific Wyoming location which can modify coverage prices noticeably.

Price data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wyoming minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific Wyoming garaging location which can impact premium rates significantly.

Prices above based on single male driver age 17, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wyoming minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in vehicle garaging location which can affect rates significantly.

Finding dependable, low-cost car insurance is challenging, and figuring out which company has the cheapest insurance rates for first-time drivers involves additional perseverance. Coverage rates should be quite a bit greater than the average price in Wyoming, with the higher price attributed to the higher likelihood of claims that comes with offering insurance for new drivers, but reasonable coverage should be obtainable if you compare enough rates.

Each auto insurance company has their own formula for determining rates, so to begin we’ll rank the insurance companies with the most affordable rates in Wyoming.

Best Cheap Insurance Rates for Inexperienced Drivers

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USAA has some of the lowest car insurance rates in Wyoming at around $624 a year. Safeco, The Hartford, GEICO, and National Farmers Union also are some of the best Wyoming auto insurance companies.

As illustrated above, if you are a policyholder with GEICO and switched to USAA, you may see an annual premium reduction of around $384. Insureds with National Farmers Union might save as much as $386 a year, and State Farm insureds might cut rates by $419 a year.

Understand that those prices are averaged across all insureds and vehicles and and are not figured with a price increase for first-time drivers. So the company that is most affordable for your situation may not even be featured in the above rate chart. That affirms the importance of why you need to compare rates from as many companies as possible using your own individual information.

The diagram below shows how choosing a deductible can change insurance prices when quoting cheap insurance for first-time drivers. The costs are based on a single male driver, full coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4759,4327,3863,3427],[‘Age 30’, 2417,2221,1997,1779],[‘Age 40’, 2415,2203,1967,1743],[‘Age 50’, 2195,2007,1795,1597],[‘Age 60’, 2123,1941,1739,1547],[‘Age 70’, 2587,2377,2151,1935]]);var options = {title: ‘Deductible Levels and Insurance Prices in Wyoming’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

The data above shows that a 50-year-old driver could pocket $400 a year by increasing from a $100 deductible to a $500 deductible, or save $598 by changing to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could lower their rates as much as $1,332 or even more just by choosing higher deductibles.

When increasing deductibles, it will be necessary to have additional funds in a savings account to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Get discount Wyoming car insurance rates

Auto insurance companies that offer the cheapest auto insurance for first-time drivers in Wyoming may have price discounts that could potentially reduce rates by 25% or more if you meet specific eligibility requirements. The best insurance companies and some of the premium reductions they offer can be found below.

• Farm Bureau may offer discounts for safe driver, renewal discount, 55 and retired, good student, multi-vehicle, and youthful driver.
• Liberty Mutual discounts include new graduate, preferred payment discount, new vehicle discount, newly married, and multi-car.
• State Farm may include discounts for multiple autos, driver’s education, good student, accident-free, safe vehicle, and good driver.
• Auto-Owners Insurance policyholders can earn discounts including anti-theft, mature driver, group or association, paperless, paid in full, student away at school, and air bags.
• GEICO may have discounts that include five-year accident-free, military active duty, driver training, daytime running lights, defensive driver, multi-policy, and multi-vehicle.
• SAFECO includes discounts for safe driver, anti-theft, drive less, teen safe driver, and multi-car.

The illustration below compares car insurance costs with and without some available policy discounts. The rates are based on a male driver, no tickets, no at-fault accidents, Wyoming state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with passive restraint, paperless filing, continuous coverage, paid-in-full, good student, and anti-theft discounts applied. When discounts are applied, the the amount saved on insurance for first-time drivers is 28% or $981.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 17’, 7099,5081],[‘Age 30’, 2417,1753],[‘Age 40’, 2415,1745],[‘Age 50’, 2195,1589],[‘Age 60’, 2123,1535]]);var options = {title: ‘Insurance Rate Comparison with Discounts for First-time Drivers’,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, Geico, or Progressive: Who is cheapest?

When shopping around for auto insurance for new drivers, four companies to definitely compare rates with are State Farm, Allstate, Geico, and Progressive. They all offer your standard coverages, but each one has slightly different coverages and options that you can select from. The table below ranks some of the different options and features .