Who Has the Cheapest Insurance Quotes for Used Cars in Wyoming?

Shopping around for affordable insurance is challenging, and deciding which company has the lowest-priced car insurance rates for used cars requires additional perseverance. Each auto insurer uses slightly different criteria to set premium rates, so let’s begin by examining the car insurance companies with the overall best prices in Wyoming.

It’s important to understand that Wyoming car insurance rates are influenced by many factors which can substantially decrease or increase the price you pay. This price fluctuation is why it is important to shop around to get affordable car insurance quotes for used cars. Auto insurance prices can be altered by many things and change substantially, so the best price two years ago may now not even be in the top five.

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USAA may offer some of the best car insurance rates in Wyoming at around $643 a year. Safeco, The Hartford, GEICO, and National Farmers Union would also be considered some of the most economical Wyoming car insurance companies.

In the rate table above, if you buy coverage from GEICO and switched to USAA, you might achieve annual savings of roughly $345. Customers with National Farmers Union might save as much as $357 a year, and State Farm policyholders might cut rates by $411 a year.

To discover how much you can save, click here to start your free quote or visit any of the low-priced companies below.

Remember that these prices are averages across all drivers and vehicles and are not factoring in a rate decrease for used cars. So the insurer that can offer you the best price may not even be featured in the list of companies above. That underscores the importance of why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.

The type of vehicle needing coverage is a significant factor when comparison shopping for the cheapest insurance for used cars in Wyoming. Vehicles with lots of horsepower, poor safety features, or an increased likelihood of liability claims will cost substantially more to insure than more economical and safe models.

The data below estimates car insurance premiums for a number of the more afforable automobiles to buy coverage for.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wyoming minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in specific garaging location which can lower or raise price quotes significantly.

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wyoming minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in zip code location which can change coverage rates significantly.

Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Wyoming minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Prices do not factor in specific garaging location which can increase or decrease rates noticeably.

Difference between liability only and full coverage rates

Finding the cheapest insurance for used cars in Wyoming is the goal of most drivers, and one of the best ways to lower the cost of insurance is to buy liability only. The example below shows the difference between auto insurance costs with full phyical damage coverage and with liability coverage only. The rates are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no policy discounts are applied.

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As an average for all age groups, physical damage coverage on your policy costs $1,848 per year more than insuring for liability only. That amount may make you wonder if buying full coverage is worth the expense. There is no definitive formula to exclude physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s say your vehicle’s book value is $10,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $9,500 after paying your deductible. If you are paying over $950 a year for physical damage coverage, then it might be time to buy liability only.

Find the cheapest insurance for used cars in Wyoming

It is possible to find better rates, and here are a few penny-pinching ideas that can help Wyoming drivers find cheap coverage.

• Buy your homeowners policy from the same company as your auto insurance
• Safe vehicles generally have lower rates
• Pay for smaller claims out-of-pocket
• Do not get tickets
• Drop full coverage on older vehicles
• Do not get into accidents that are your fault
• Compare price quotes at least once a year

The final tip is highly significant, as was pointed out in the prior information. Coverage prices vary greatly, so don’t be hesitant to buy from a new company if you find a cheaper price. Brand loyalty is not necessarily bad, but it isn’t a good idea if that faithfulness ends up costing you a small fortune year after year. It takes less than five minutes to shop around and find cheaper car insurance for used cars.