When discussing car insurance, the words “affordable” or “cheap” should never appear anywhere in the article as a descriptor for car insurance rates. Regardless, cheap auto insurance for good drivers can be extremely hard to find. But don’t despair, because there may be ways you can still get auto insurance that may not be cheap, but it is affordable.
When shopping for cheaper auto insurance for safe drivers, one of the many criteria that impact car insurance rates is your zip code. Areas with more people like Newcastle, Douglas, and Wheatland tend to pay slightly more, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.
The following table illustrates the highest-priced places in Wyoming for good drivers in which to buy car insurance.
|Rank||City||Premium Per Year|
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Information shown are comparative as the vehicle garaging location can revise prices noticeably.
The type of vehicle needing coverage is a large consideration when comparing quotes for the cheapest auto insurance for good drivers in Wyoming. Vehicles with high performance engines, poor safety features, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models.
The next list showcases insurance premiums for a handful of the most cost-effective vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$770|
|Honda CR-V EX-L 4WD||$789|
|Subaru Forester X Premium AWD||$861|
|Chevrolet Traverse LS 2WD||$888|
|Honda Odyssey EX||$892|
|Hyundai Elantra SE Touring Station Wagon||$913|
|Subaru Outback 3.6R||$928|
|Ford F-150 XLT Crew Cab 4WD||$937|
|Ford Explorer XLT AWD||$967|
|Toyota Tacoma 2WD||$973|
|Toyota Sienna Limited AWD||$976|
|Hyundai Sonata GLS 4-Dr Sedan||$978|
|Toyota Highlander Hybrid Limited 4WD||$995|
|Toyota RAV4 4WD||$1,004|
|Dodge Ram Quad Cab SLT 4WD||$995|
|Toyota Camry LE||$1,004|
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wyoming minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Premium amounts do not factor in vehicle garaging location which can increase or decrease price quotes considerably.
Looking at the data, we can presume that cars like the Ford Escape, Honda CR-V, Toyota Prius, and Subaru Forester are most likely going to be a few of the most economical vehicles to insure for safe drivers.
Finding decent, reasonably-priced auto insurance is not the easiest thing to accomplish, and deciding which companies quote the cheapest car insurance rates for good drivers will require a little more work. Premiums will more than likely be a little bit lower-priced than the average rate in Wyoming, with the lower cost attributed to the lower likelihood of claims associated with selling insurance for safe drivers. Reasonable coverage should be readily available with minimal effort.
Every auto insurer uses their own formula to determine rates, so to begin we’ll rank the most affordable car insurance companies in Wyoming.
It’s a good idea to know that Wyoming car insurance rates are impacted by many things that can increase the price you pay for coverage. This is why it is important to compare rates when trying to find the best insurance quotes for good drivers. Car insurance prices are calculated by many things and can increase or decrease at any time, so the most economical company the last time you compared rates may now be one of the more expensive options.
Find the Cheapest Car Insurance for Good Drivers
|Rank||Company||Cost Per Year|
|4||National Farmers Union||$1,000|
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USAA quotes some of the most affordable car insurance rates in Wyoming at around $631 a year. Safeco, The Hartford, National Farmers Union, and GEICO would also make the list of some of the cheapest Wyoming insurance companies.
In the above rates, if you are currently insured with Safeco and switched to USAA, you could realize an annual savings of roughly $305. Insureds with The Hartford may save as much as $331 a year, and National Farmers Union insureds might reduce prices by as much as $369 a year.
These policy prices are averaged for all drivers and vehicles and do not factor in a price discount for good drivers. So the car insurance company that fits your situation best may not even be included in the above list. That helps illustrate why you need to compare as many prices as possible using your own driver data and vehicle information.
Finding the cheapest auto insurance for good drivers in Wyoming should be important to the majority of drivers, and one of the easiest ways to find cheap insurance is to not pay for full coverage. The diagram below illustrates the comparison of insurance costs with full physical damage coverage compared to only buying liability only. The premium estimates are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no other discounts are factored in.
If averaged out across all ages, physical damage insurance costs an additional $1,881 per year over and above liability coverage. That touches on the question if paying for full coverage is a waste of money. There is no exact rule of when to eliminate comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then you might consider buying liability only.
There are some conditions where dropping full coverage is not advised. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
Consumers have many ways to find cheaper car insurance in Wyoming, but the most common are through a captive (or exclusive) agent like Auto-Owners or State Farm, a non-exclusive or independent agent, or buying direct from a company like Progressive or Geico. Each way has the same basic steps, but car insurance shoppers should know the differences in how they provide price quotes.
Independent insurance agents have contracts with multiple insurance companies and can provide price quotes from all of them. These types of agencies are not employed by only one company and can provide multiple price quotes, which can help you get more bang for your buck. If you are not satisfied with one company, your policy can be moved and you can keep the same agent.
Exclusive agencies are only able to give prices for one company, two of the more popular are an Auto-Owners or Allstate agent. These guys and gals cannot place coverage with different providers, so if rates are not competitive, they cannot give other choices.
Buying car insurance direct means you forego the middleman (the agent) and instead buy direct either online or via phone. Buying car insurance direct may be preferred by people who do not need risk management and know more than average about what specific coverages and deductibles they need.
So which one of the three ways works best to find the cheapest auto insurance for good drivers in Wyoming? Most people assume that buying direct results in the best prices since that eliminates agent commissions, but unfortunately, that is not always true. A valid argument could also be made that an independent agency results in the cheapest rates since they can quote with many companies, but that is not necessarily true either. In some circumstances, exclusive agents may have very competitive prices that are the lowest in Wyoming.
Since car insurance prices vary so much, the only true way to ensure the lowest rates is to get quotes and compare the rates. To find the best rates, be sure to get prices from all three types in order to have the best selection to choose from. We compiled a list of companies with some of the cheapest online rates that you can click here to view.