Cheapest Car Insurance Quotes for Good Students in Wyoming

The make and model of vehicle you are seeking coverage for is one of the primary factors when comparing the best coverage for good students. Vehicles with lower performance, an excellent safety record, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The data below showcases insurance costs for a selection of the most cost-effective vehicles to insure in Wyoming.

Data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wyoming minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific garaging location which can alter rates considerably.

Based upon the table data, we can tell that vehicles like the Hyundai Elantra, Honda CR-V, Chevrolet Traverse, and Volkswagen Jetta are most likely to be some of the cheaper vehicles to insure for student drivers.

One of the more important things used to calculate the price you pay for insurance is where you normally keep your vehicle. Cities with larger populations or higher claims like Newcastle, Torrington, and Worland are more likely to have higher rates, whereas more rural areas benefit from lower coverage costs.

The next table illustrates the highest-priced areas in Wyoming for good students to buy an auto insurance policy in.

Premium amounts are estimated as the specific area where the vehicle is garaged can lower or raise insurance rates substantially.

Trying to find reasonably-priced car insurance is tough enough, and figuring out which companies have the cheapest insurance rates for good students will take even more shopping around.

Every insurance company uses a different method to establish rates, so we’ll go over the overall cheapest insurance companies in Wyoming.

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USAA quotes some of the cheapest car insurance rates in Wyoming at around $643 annually. Safeco, The Hartford, National Farmers Union, and GEICO also qualify as some of the cheaper Wyoming insurance companies.

As the rates illustrate above, if you are insured with National Farmers Union and switched to Safeco, you might realize savings of roughly $102. Drivers with GEICO might save as much as $110 a year, and State Farm policyholders might realize rate reductions of up to $135 a year.

It’s important to note that these premiums are averages across all types of drivers and the different vehicles they drive and do not take into consideration a rate decrease for good students. So the insurer that can offer you the best price may not even be featured in the rate chart shown above. That point stresses why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

Discounts on the cheapest car insurance for good students in Wyoming

Insurance companies that sell policies for good students could also offer discounts that could potentially reduce rates by as much as 35% or more if you are eligible. The best insurance companies and the discounts they provide are included below.

• 21st Century policyholders can earn discounts including theft prevention, driver training, anti-lock brakes, homeowners, defensive driver, good student, and student driver.
• State Farm has savings for Steer Clear safe driver discount, Drive Safe & Save, accident-free, defensive driving training, and student away at school.
• AAA may include discounts for AAA membership discount, anti-theft, pay-in-full, multi-car, and good driver.
• Liberty Mutual discounts include new move discount, hybrid vehicle, good student, preferred payment discount, multi-policy, and safety features.
• Progressive includes discounts for multi-policy, online signing, online quote discount, homeowner, multi-vehicle, and good student.

The information below shows the comparison of insurance costs with and without discounts applied to the policy premium. Data assumes a female driver, no violations or accidents, Wyoming state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with passive restraint, vehicle safety, good student, paperless filing, paid-in-full, and continuous coverage discounts applied. When these discounts are applied, the the amount saved on insurance for good students is 28% or $700.

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Rate comparison of full coverage and liability-only

Finding the cheapest car insurance for good students in Wyoming is probably important to the majority of people, and one of the best ways to pay lower rates for insurance is to buy liability only. The chart below visualizes the comparison of auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Wyoming. The rate quotes are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are applied.

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As an overall average, comprehensive and collision coverage on your policy costs an extra $1,688 per year over liability only. Many drivers may wonder if buying full coverage is worth the money. There is no set guideline for dropping comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

There are some conditions where eliminating full coverage is not recommended. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

How to find budget-friendly insurance for good students

Below you’ll find some of the better thrifty solutions that can help Wyoming drivers buy the cheapest coverage.

• Avoid filing excessive claims
• Bundle home and auto and earn a discount
• Good credit can mean cheaper rates
• Raise deductibles to save money
• Drive attentively and avoid accidents
• Do not get traffic tickets
• Shop around once a year for cheaper rates

The last idea is very valuable, as was discussed in this piece. Coverage rates in Wyoming can change considerably based on profitability, so drivers shouldn’t be resistant to buy a policy from a new company if you can find a cheaper rate. Having a favorite company is fine, but we do not recommend it if that inflexibility results in costing you money that could be used for better things. If you have a few minutes, shop around and find cheaper car insurance for good students.