How Much is Insurance for Drivers with Good Credit in Wyoming?

The vehicle model you are trying to insure is a significant factor that determines whether or not you can buy cheap insurance for drivers with good credit in Wyoming. Vehicles with reasonable performance levels, excellent safety ratings, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models. The next table outlines coverage rates for a selection of the most budget-friendly automobiles to buy insurance for.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wyoming minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can influence prices noticeably.

Looking at the data, vehicles like the Ford Escape, Honda CR-V, and Honda Accord will be some of the less-costly vehicles to insure for financially responsible drivers.

One of the more important things that is used to help calculate auto insurance rates is where you keep your vehicle in Wyoming. Cities with larger populations or higher claims like Newcastle, Worland, and Wheatland tend to have more expensive auto insurance rates, whereas less populated areas tend to receive slightly lower rates.

The next table lists the most expensive areas in Wyoming for drivers with good credit to buy auto insurance in.

Premium amounts are comparative as the vehicle garaging location can affect auto insurance rates significantly.

Impact of speeding/accidents on car insurance rates

The best way to obtain the most affordable car insurance premiums in Wyoming for financially responsible drivers is to be a safe driver and have a clean driving record. The illustration below shows how violations and fender-benders can influence insurance premiums for different age categories. The data assumes a married male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2485,2697,3295],[‘Age 30’, 1297,1513,2107],[‘Age 40’, 1257,1469,2069],[‘Age 50’, 1153,1369,1963],[‘Age 60’, 1129,1345,1943],[‘Age 70’, 1315,1529,2127]]);var options = {title: ‘Accidents, Violations, and Wyoming Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],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);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of car insurance in Wyoming per year with no violations or accidents is $1,439. Factor in one speeding ticket and the average cost rises to $1,654, an increase of $214 each year. Now include one accident along with the one speeding ticket and the 12-month cost of car insurance for drivers with good credit increases to an average of $2,251. That’s an increase of $811, or $68 per month, just for not driving attentively!

The chart below illustrates how your deductible choice can influence premium costs when searching for cheap insurance for drivers with good credit. The costs are based on a single male driver, full physical damage coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3935,3561,3153,2771],[‘Age 30’, 2025,1853,1651,1455],[‘Age 40’, 2019,1833,1623,1423],[‘Age 50’, 1831,1667,1479,1301],[‘Age 60’, 1769,1611,1431,1261],[‘Age 70’, 2131,1949,1749,1559]]);var options = {title: ‘Impact of Higher Deductibles on Insurance Cost in Wyoming’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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 data above shows that a 30-year-old driver could pocket $396 a year by increasing from a $100 deductible up to a $500 deductible, or save $596 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old, can cut $1,164 or even more just by choosing higher deductibles.

If you make the decision to raise deductibles, it will be required to have enough savings to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.

Find cheap insurance for drivers with good credit in Wyoming

Lowering your rates is not difficult, and here are some of the recommended thrifty ideas that can help you get lower-cost coverage.

• Drive vehicles with five-star safety ratings
• Do not pay for full coverage if not needed
• Save money by obeying traffic laws and keeping a clean driving record
• Increase your credit rating
• Increase your policy deductibles
• Accidents can significantly increase rates
• Compare rates once a year for cheaper prices

That last tip is especially valuable, as was pointed out in the prior article. Rates change constantly, so you should be ready to buy from a different company if a lower-cost policy is available. Having a favorite company is great, but it isn’t a good idea if that devotedness results in you overpaying a wad of cash every year. In just a few minutes you could compare rates and find cheaper auto insurance for drivers with good credit.

Who has the cheapest insurance quotes for financially responsible drivers?

Drivers have many ways to compare car insurance quotes in Wyoming, but the most popular ways are using an exclusive insurance agent like Auto-Owners or State Farm, a non-exclusive or independent agent, or direct online or over the phone from a company like Progressive or Geico. They all have the same basic principle, but it’s good to know the differences in how they give price quotes.

Independent agents write business for many companies and can do rate comparisons with all of them. Independent agents are not employed by one specific company and can give you more rates, which may provide you with a better overall rate comparison. If a cheaper price is found, you can get a different policy which prevents you from having to find a new agency.

An agent who is captive is contracted to a single company, two of the more popular are a State Farm or Allstate agent. Exclusive agents cannot shop your coverage around, so you will not be able to compare their rates to other companies.

If you choose to buy car insurance direct, you do not use the middleman (the agent) and instead buy from a direct company like Esurance or Geico. This car insurance option is a good choice for people who do not have complex finances and have an above average understanding of how their policy works.

So comparing independent agents, exclusive agents, and direct, which one works best to find cheap insurance for drivers with good credit in Wyoming? It would be premature to say buying from a direct company results in the best prices because there is no agent taking a commission, but in reality, that argument does not hold true. We could also assume that buying from an independent agent is the best way due to having more companies to select from, but again, it’s not a sure thing. In a lot of cases, the exclusive agents may have very competitive prices that are impossible to beat.

Due to the fact that car insurance rates vary so much, the guaranteed way to find out which one is cheapest is to get as many comparison quotes as possible. Be sure to get prices from all three types to get an idea of which is cheapest. To see some of the cheapest online companies available, click here to view.