UPDATED: Sep 24, 2020
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Looking for cheap auto insurance in Cheyenne, WY? On average, Cheyenne, WY auto insurance costs $244 per month or $2,928 annually. However, many factors impact your insurance costs in Cheyenne, WY, including your ZIP code, age, and even your driving record.
Cheap auto insurance rates don’t have to be hard to come by. Some of the leading Cheyenne, Wyoming auto insurance companies are USAA, State Farm, and Liberty Mutual. Read through our guide to better understand what goes into calculating your premiums, and to learn the best way to compare auto insurance quotes from various companies.
Can’t wait to find affordable Cheyenne, WY auto insurance? Enter your five-digit Cheyenne ZIP code into our FREE quote tool above to start comparing Cheyenne, WY auto insurance quotes.
Auto Insurance Coverage Requirements in Wyoming
Virtually every state has auto insurance laws. As a tort or at-fault state, Wyoming requires drivers to carry a certain level of liability insurance in order to legally drive in the state.
Take a look at the table below to find out the specific minimum Wyoming auto insurance limits.
|Bodily injury liability||$25,000/$50,000||$100,000/$300,000|
|Property damage liability||$20,000||$100,000|
|Uninsured motorist bodily injury||Not required||$25,000/$50,000|
|Medical payments||Not required||$5,000|
|Collision||Not required||$500 deductible|
|Comprehensive||Not required||$100 deductible|
Wyoming only mandates that its motorists carry a liability policy, and the required amounts aren’t particularly high. Liability insurance only covers damages to the other person when you are at fault for causing the accident.
For a few Wyoming residents, this coverage might be sufficient enough and you will not need to invest in fuller coverage protection. For example, if you drive a low-priced, older car that is easy for you to replace then the minimum coverage level might be right for you.
However, for most motorists, the state minimum limits will not be enough. Individuals driving newer cars, or who might be worried about thievery, or damage from inclement weather should consider adding comprehensive and collision coverage to their policy.
Your average resident might be paying around $244 or more every month simply to maintain their Wyoming auto insurance policy. However, lucky Cheyenne motorists who take action now can lower that payment drastically.
Take a look at the following graph, which compares monthly premiums by insurance companies in Cheyenne, Wyoming, to see what we mean.
If keeping your auto insurance costs low is your main goal, try comparing Cheyenne, Wyoming auto insurance quotes from Grange and State Farm. Remember, these lower rates are usually given to older drivers with flawless driving records.
Therefore, it is also important to seek out information on all the various cheap auto insurance companies in Cheyenne, Wyoming. It is the only way you can be certain that you aren’t paying too much for services you may or may not need.
Many variables go into determining your auto insurance rates, including gender, driving violations, occupation, education, and if there are theft protection devices installed in your vehicle. Additionally, every company uses a different method when calculating your rates. Expect your premiums to change from company to company.
To ensure you are still being charged the best rate, always compare multiple Cheyenne auto insurance quotes before signing your name on the dotted line. Enter your zip code below to view companies that have cheap auto insurance rates. Secured with SHA-256 Encryption
Enter your zip code below to view companies that have cheap auto insurance rates.
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Major Cheyenne, Wyoming Auto Insurance Factors
As mentioned beforehand, each time your auto insurance provider gets ready to craft your insurance plan, they take quite a few variables into mind. Depending on your individual demographics, the quotes you receive might look very different from your neighbors.
Take a look at the table below, which compares average annual auto insurance rates from various companies throughout Cheyenne, Wyoming.
|Group||Liberty Mutual||USAA||State Farm||Farmers||GEICO||Allstate|
|Married 60-year-old female||$1,093.38||$1,185.67||$1,298.11||$2,211.43||$2,428.27||$2,141.04|
|Married 60-year-old male||$1,271.50||$1,242.36||$1,298.11||$2,211.43||$2,428.27||$2,336.27|
|Married 35-year-old female||$1,325.64||$1,358.83||$1,508.75||$2,351.74||$2,511.29||$2,547.88|
|Married 35-year-old male||$1,342.43||$1,363.83||$1,508.75||$2,351.74||$2,559.78||$2,681.37|
|Single 25-year-old female||$1,469.91||$1,797.40||$1,572.65||$2,439.42||$2,791.70||$2,839.52|
|Single 25-year-old male||$1,644.50||$2,035.90||$1,866.38||$2,439.42||$2,936.31||$3,116.23|
|Single 17-year-old female||$3,860.30||$4,163.01||$4,043.45||$4,281.79||$4,637.89||$8,727.87|
|Single 17-year-old male||$4,332.42||$5,119.55||$5,384.21||$7,439.08||$5,999.68||$11,069.25|
As you can see, Liberty Mutual and USAA offer competitive rates to all age groups and genders. State Farm insurance in Cheyenne also provides many reasonable rates. On the other hand, Allstate insurance in Cheyenne, WY has the most expensive rates.
However, even though Geico is far less affordable for older drivers, teenage drivers in Cheyenne should add Geico to their list of companies to compare. The company offers comparably priced quotes for young drivers in your city.
Now you know the secret to finding cheap auto insurance. You should always compare quotes and pick your Cheyenne insurance agency very carefully.
What ZIP codes have the cheapest auto insurance rates in Cheyenne, WY?
Where you park your car every day will impact what you pay for auto insurance. By looking at population density, crime statistics, and crash statistics in your neighborhood, companies are better able to evaluate the likelihood of an automobile accident.
The larger the human population is in your ZIP code, the more automobiles there will be on the road when you’re traveling, and therefore there are more opportunities for you to hit or get hit by a different vehicle. According to DataUSA, the population of Cheyenne is 62,986. There are 3 total ZIP codes across the city.
Is your ZIP code causing your auto insurance rates to increase? Find out in the table below.
|Cheyenne ZIP Code||Average Annual Auto Insurance Rate|
Fortunately, your rates for insurance in Cheyenne, WY do not change drastically by ZIP code. While folks living ni 82007 receive the lowest average rates in the city, the savings are only $9 annually, which is less than $1 per month difference.
How do Cheyenne, Wyoming rates compare to other major Wyoming cities? Find out in the graph below.
Obviously, Wyoming auto insurance premiums depend on what city or town you live in. Considering that Cheyenne is the capital of Wyoming, the cost of auto insurance is relatively reasonable.
If you live in Cheyenne, Wyoming, you’re getting a better average rate than people living in Casper.
Automotive Accidents in Cheyenne, WY
If you live in a region with higher than average automobile accidents, your insurance rates will be higher than average. Remember, insurance is all about risk management. If you often drive on dangerous roads, that makes your riskier to insure.
How safe are the roads in Cheyenne? Take a look at the graph below, which shows fatal accident statistics for Cheyenne, WY.
Fortunately, the fatal accident statistics for Cheyenne aren’t out of control. However, they are a little high compared to the overall population of the city. Sometimes, numbers like this can scare insurance companies into raising rates.
Fortunately, you can try to mitigate this by keeping your driving record clean and asking about safe driver discounts.
Auto Thefts in Cheyenne, WY
Insurance companies will also evaluate the crime rates in your neighborhood when establishing your premiums. Living in a large urban center, especially if there is a substantial rate of crime, can increase your likelihood of being a target of auto thieves.
Should your overall area have substantial statistics of claims for theft, you are likely to spend more for your auto insurance to counteract these prices.
The actual amount of stolen vehicles in 2013 was only 88 for the city of Cheyenne. However, according to City-Data, vehicle theft rates in Cheyenne have steadily increased over the past few years. In 2018, there were 216 vehicle thefts.
The only coverage that will protect you in the event your car gets stolen is a comprehensive policy, which is not a state requirement in Wyoming. How much will the additional coverage cost you per month in Cheyenne? Find out in the graph below.
Investing in a fuller coverage policy will always cost more per month than a basic policy. However, you’ll be able to pick and choose a more customized, well-rounded policy that meets all of your needs.
Even if you’re not worried about car theft, you can gain some fundamental protection benefits just by adding some comprehensive coverage to your auto insurance policy. Ready for more good news?
Depending on what safety features are installed in your vehicle, you may already qualify for an anti-theft device discount.
Best Auto Insurance for Credit History Rates in Cheyenne, WY
Did you know that having bad credit can cause your insurance rates to increase? If you have bad credit, you might end up paying three times as much as what motorists with good credit are paying.
See how your credit score impacts your monthly average auto insurance rates in Cheyenne in the graph below.
If you live in Cheyenne and have poor credit, look for companies that do not consider credit scores. Remember, bad credit does not last forever. By making your monthly payments on time, you’ll slowly increase your credit score. Eventually, your insurance rates will go down as a result.
Do gender and age affect my auto insurance rates in Cheyenne, WY?
The truth is, your gender and age do impact what you pay for auto insurance in Cheyenne, Wyoming. However, while age makes a huge difference, gender does not actually matter that much.
Statistically, young drivers are responsible for causing more accidents than older, more experienced drivers. Because teenage drivers lack experience and tend to be riskier on the road, companies charge them higher than average rates.
Take a look at the graph below to see how much a 17-year-old pays ini monthly insurance fees versus a 24-year-old in Cheyenne, Wyoming.
If you are a young driver in Cheyenne, you can look forward to a severe rate drop once you turn 25. Until then, consider bundling your policy with your parents.
If that is not an option, safe driver discounts and good student discounts can help lower your annual premiums.
Best Auto Insurance for Driving Record Rates in Cheyenne, WY
Your driving history is a great way for insurance companies to tell how risky a driver you are. If you have a clean driving record, you will receive lower average rates than those on the road with imperfect driving records.
How much does a single driving violation impact your monthly auto insurance rates in Cheyenne? Find out in the graph below.
As you can see, safe driving always pays off. Not only does it help keep your rates low and the roads safe, but you can even qualify for auto insurance discounts.
If you only have one or two violations, consider asking companies about any accident forgiveness programs being offered. Accident forgiveness is a newer kind of discount marketed by some providers as a benefit to their clients.
For those who have a less-than-perfect driving history, you can get some minor violations forgiven whenever your insurance provider calculates your monthly premiums.
Vehicle Make and Model and Auto Insurance Rates in Cheyenne, WY
The make and model of your vehicle can have quite an impact on your overall auto insurance rates. While every Wyoming resident has the choice of purchasing auto insurance at any coverage level above the state minimum, drivers of luxury vehicles usually choose the fullest coverage policy they can afford to better protect their assets.
Logically, this makes sense; it isn’t really a wise idea to insure an expensive vehicle with only $20,000 worth of liability.
Take a look at the graph below for a clearer idea of how different monthly auto insurance rates are in Cheyenne for an economy sedan versus a pricier luxury vehicle.
As you can see, cheap cars in Cheyenne, Wyoming will always be more affordable to insure than luxury, expensive vehicles.
Minor Car Insurance Factors in Cheyenne, Wyoming
We covered the major factors that impact your Cheyenne, WY auto insurance rates. However, there are some minor considerations that you should also look into.
For example, your marital status, commute length, and education level can all change your annual auto insurance rates. Keep reading to learn more.
Marital Status and Auto Insurance Rates in Cheyenne, WY
Married people ought to know three words: bundle, bundle, bundle. Bundling all your financial items together underneath the same company can result in some very useful discount rates.
Married people usually need many different insurance policies, from a homeowners insurance policy, to auto insurance, life insurance, and more. Bundling everything together will lead to major savings because the company will be compensating you for all of the extra business.
Best Auto Insurance for Commute Rates in Cheyenne, WY
Cheyenne residents may already know how easy it is to get around in their city. However, some companies might charge you a higher auto insurance rate if you drive substantially more than the average person.
The vast majority of drivers will only spend 10 or 15 minutes behind the wheel each way to work. Rarely, some commutes are as short as 5 minutes, or as long as 20 minutes.
More than 81 percent of drivers use their own car and drive alone to work. Another 12 percent choose to carpool with coworkers.
If you happen to have a longer than average commute length, you may pay between 2 to 3 percent more for auto insurance through certain companies. Keep this in mind while you comparison shop, as it might help you determine which company truly is right for you.
Best Auto Insurance for Coverage Level Rates in Cheyenne, WY
If you want a fuller coverage policy but are on a tighter budget, consider raising your deductible. Low deductibles will increase your monthly premium, whereas high deductibles will decrease your rates.
However, if your deductible is too high, it could make it difficult for you to process claims should you wreck your vehicle, especially if you are financially vulnerable.
If you have deductibles as part of your auto insurance policy, are you aware of how costly yours are off the top of your head? Deductibles are essential numbers that you ought to take the time to learn about and better understand.
Education and Auto Insurance in Cheyenne, WY
Many drivers may not know it, but your education level can impact your auto insurance rate. The more education you have, the lower your rates will cost in the long run.
The most popular form of education in Cheyenne is that of a high school diploma. Nearly 27 percent of residents have one, followed by 19 percent of citizens who have earned one or more years of the college experience.
There are plenty of opportunities to pursue higher education for those who are willing to commute a bit. The Laramie County Community College has its roots in Cheyenne and offers students the opportunity to earn a two-year degree.
Also nearby are the Embry-Riddle Aeronautical University, Kennedy-Western University, Preston University, and Park College.
Auto insurance is one of the most essential purchases you can possibly make as a customer. You must be sure you find an honest, accountable agency that will follow through on their promises.
Certain auto insurance companies happen to be much better at this than the others, and conducting a diligent internet search may help you separate the good from the poor.
How We Conducted Our Auto Insurance Analysis
We calculated our average rates based on a married 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, and who owns his own home. The miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
Looking to buy Cheyenne, WY auto insurance? You are now an expert on securing cheap Cheyenne, WY auto insurance rates. You are ready to find the cheapest auto insurance in Cheyenne, Wyoming. Simply enter your five-digit Cheyenne ZIP code into our FREE tool below to start comparison shopping.