UPDATED: Mar 18, 2020
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Wyoming drivers pay higher car insurance rates than most of the country; the state lands in the top ten for the most expensive insurance on average. That makes shopping around even more vital than it usually is for making your insurance premiums more affordable. The best auto insurance companies in Wyoming are a good place to start your search for the policy that is right for you.
The Basics of Auto Insurance in Wyoming
Wyoming’s minimum car insurance requirements are about on par with the rest of the country, with requirements that a similar to most other states. All Wyoming drivers are required to carry at least $25,000 per person and $50,000 per incident in liability coverage for bodily injury in an at-fault accident. Additionally, a minimum amount of $20,000 is required for property damage liability.
While these limits are fairly common compared to other states, that does not make them sufficient. In a serious accident, most state legal minimums are far from enough to cover damages. Wyoming’s laws are no different.
Although there is no further coverage required by the state, drivers with a loan or lease on their vehicle will need to meet insurance requirements set out by their lender or lessor as well as the state legal requirements. In most cases, that means carrying comprehensive coverage and collision coverage on your policy. Be sure to check your loan or lease agreement to find out what kind of coverage you need before you buy.
Specifics of Wyoming Auto Insurance
Wyoming has straightforward car insurance procedures that are similar to those in most other states. The system in place is a tort system, which means that in every car accident, someone will be found to be at fault and that person will be held financially responsible for the accident.
A car insurance policy will pay out on damages for which the insured driver is responsible up to the chosen limits. If you have a legal minimum policy, that is the most that your insurance will pay on a car accident where you are at fault.
Any amount beyond the limits on the policy becomes the driver’s responsibility directly. In a serious accident with multiple injuries or fatalities, that can add up very quickly. The driver can be sued in a court of law for damages, and without enough insurance, that lawsuit can mean financial hardship and put your assets at risk.
The safest course of action is to make sure you have enough car insurance to avoid paying out of pocket.
It is our goal to present the best choices for car insurance and not just the least expensive. Saving money is everyone’s goal, but not all car insurance companies are created equal, and a low rate does not make a company a good pick.
To make sure all of the companies we chose are a good choice for Wyoming drivers, we started with company reputation. We checked with trusted consumer rating services, such as J.D. Power, and also our own research into customer complaints and reviews in order to make sure we recommend only companies with a good reputation. All of our top picks are known for good customer service and the crux of car insurance service – excellent claims handling.
That does not mean price is not of concern – we also compared the best-rated companies in terms of prices. All of our choices offer good value in car insurance, bringing together a good reputation with competitive premiums. Although it is worth paying a little more to get really great insurance, there is no reason to overpay if a good company provides the same for less.
We chose car insurance companies that cover drivers across Wyoming, regardless of where you live. We also ensured that our choices do not have any limitations on who can apply for coverage. USAA, for example, is a highly rated insurance company with great rates, but only military members and their families are eligible for coverage. As a result, it is not on our list but does come recommended for those that meet the eligibility requirements.
Our Top Picks
These three companies offer a solid combination of service and value to Wyoming drivers, making them our top picks.
Geico rose to the number two spot nationwide for car insurance market share over the past few years, and they did it by offering what many drivers want: low prices, great service, and quick, easy online and mobile access.
Geico ranks well in J.D. Power’s regional survey, making the company a top choice for Wyoming drivers. They also offer some of the lowest rates across the board, no matter what your driving history, which means they are a fantastic value.
From the second largest car insurance company in the country, we move on to the company in the number one spot. State Farm has held their status as America’s favorite personal insurer for a while, and they are one of the best bets for Wyoming drivers too.
State Farm has top ratings from J.D. Power in the regional satisfaction survey, and they have carried a good reputation for claims service for a long time. The company is also one of the most competitively priced companies in the states, in spite of the fact that agents usually mean higher premiums. State Farm’s excellent bundling discounts make them a top pick for those looking to insure both auto and home.
Not usually seen as a low-priced insurer, Farmers Insurance – another agent-driven company – actually has great rates in Wyoming. They have also got a good list of available discounts, including bundling of auto and home insurance, that can make their policies even more affordable.
Farmers also ranks well in the region for overall customer satisfaction, which earns them a spot on our list for the best car insurance in Wyoming.
Shopping for Wyoming Car Insurance
Wyoming is a big state, and car insurance rates can vary greatly from place to place as well as from driver to driver. Our top picks are a great choice for anyone, but it is always well worth comparing as many companies as possible to make sure you have found the best policy for your particular needs.
If you live in a rural area, you may want to look to local companies that cater to farmers and rural drivers. A local independent agent can help you gather quotes from smaller companies and compare rates as well. Just be sure that you have thoroughly checked out each company’s reputation before you buy. While smaller companies often do not show up in J.D. Power ratings, our reviews offer plenty of insight.
Before you shop, be sure you know exactly what coverage you need. Carrying higher liability limits do not usually cost much on a monthly basis, so this should be the first place you spend a few extra dollars when it comes to kicking up your coverage. Carrying higher limits can save you from a major financial hardship in the event of an accident.
Once you know what coverage limits and options you want, make sure all of the quotes you request have that same coverage. That will make sure that you are able to compare policies on an apples to apples basis in terms of the coverage you need, and not comparing rates on policies with vastly different coverage.
The Bottom Line
Wyoming drivers have plenty of choices in car insurance, and the top picks tend to be big-name, national level companies. Do not count out your local insurers though, as sometimes they can turn out to be the best pick based on individual needs. Getting the coverage you need from a company that has your back at a great price is always the goal of shopping around – and it may surprise you which company that turns out to be.
For a list of companies that we recommend, visit our Best Insurance Companies page.