This article would sure be shorter if we could simply give you the name of the one best company that has the cheapest rates for young drivers in Wyoming. Regrettably, it's not quite that easy, as there are a ton of unknown elements like the number of miles you drive each year, citations or tickets, how old you are, and the crash test ratings of your vehicle, that all influence how much you pay for auto insurance. We will try to teach you about the types of things that cause high car insurance rates and should give you some help in finding cheaper rates.
For youthful drivers, one of the largest criteria that are looked at to help calculate the amount you pay for auto insurance is where you keep your vehicle. Areas with more people or more claims like Newcastle, Buffalo, and Evanston are more likely to have higher rates, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The illustration below rates the most expensive cities in Wyoming for young drivers to purchase a policy in.
|Rank||City||Average Per Year|
|Find Cheaper Insurance Go|
Premium amounts are estimated as the specific zip code location can modify premiums greatly.
The make and model of vehicle you are buying coverage for is probably the largest consideration when comparing quotes for affordable insurance for young drivers. Vehicles with higher performance, poor safety ratings, or a history of substantial liability claims will cost much more to insure than more modest models.
The next table illustrates insurance rates for a selection of the more affordable automobiles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,009|
|Honda CR-V EX 4WD||$4,048|
|Ford F-150 XLT Regular Cab 2WD||$4,470|
|Dodge Grand Caravan CV||$4,509|
|Jeep Wrangler Rubicon 4WD 2-Dr||$4,514|
|Volkswagen Jetta 2.0T Station Wagon||$4,575|
|Toyota Camry LE||$4,755|
|Chevrolet Malibu Hybrid||$4,763|
|Toyota RAV4 Sport 2WD||$4,755|
|Toyota Tacoma Double Cab 4WD||$4,765|
|Ford Explorer Limited AWD||$4,792|
|Toyota Corolla XLE||$5,000|
|Chevrolet Impala LTZ||$5,010|
|Hyundai Elantra GLS 4-Dr Sedan||$5,000|
|Ford Edge Sport 2WD||$5,007|
|Nissan Altima Hybrid 4-Dr Sedan||$5,036|
|Compare Cheap Rates Go|
Price data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wyoming minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in vehicle garaging location which can decrease or increase auto insurance rates significantly.
Based upon the table data, you can infer that vehicles like the Ford Escape, Honda CR-V, Toyota Prius, and Ford F-150 are likely to be some of the most affordable vehicles to insure for youthful drivers. The cost of auto insurance will be more costly because there is more risk for young drivers, but in general those particular models will have the best insurance prices possible.
Careless driving habits raise Wyoming car insurance rates
In a perfect world, the best way to score affordable car insurance rates in Wyoming for youthful drivers is to be a careful driver and not have accidents or get tickets. The chart below shows how violations and accidents drive up auto insurance rates for each age group. The premiums assume a single female driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $2,427. Get written up for two speeding tickets and the average cost surges to $3,261, an increase of $834 each year. Now throw in two accidents along with the two speeding tickets and the annual cost of car insurance for young drivers in Wyoming jumps again to an average of $6,317. That's an increase of $3,891, or $324 per month, just for not being a responsible driver!
The illustration below highlights how deductible selection can raise or lower annual premium costs when quoting cheap insurance for young drivers in Wyoming. Data assumes a married male driver, full coverage, and no additional discounts are factored in.
In the chart above, a 40-year-old driver could pocket $338 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $508 by using a $1,000 deductible. Younger drivers, like the 20-year-old, have the ability to save as much as $1,134 every year just by choosing higher deductibles. When increasing deductibles, it is a good idea to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Finding the highest-rated company is hard considering how many different companies sell coverage in Wyoming. The company information shown below may help you decide which providers you want to consider when comparing auto insurance rates for young drivers. The ratings below are only comprised of the largest auto insurers in America, so companies that may only write in Wyoming will not be included in this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Why you should compare rates
Wyoming car insurance rates are calculated based on many things which can substantially decrease or increase the policy premium. Simply having a birthday, moving to a new city, or having an accident may prompt premium changes that may make certain companies more affordable than the competition. Not only may your risk profile change, but auto insurance companies modify rates without warning to ensure their profitability. Higher than normal claims can result in a rate increase, while a lower level of claims can cause cheaper Wyoming car insurance rates.
To illustrate this point, the graph below shows the companies that have the cheapest car insurance in Wyoming for a 35-year-old female driver with no prior accidents, a clean driving record, and a decent credit rating. If we estimate rates based on her personal risk profile, USAA may offer the cheapest car insurance rates in Wyoming at $624 a year. This is $496 less than the average rate paid by Wyoming drivers of $1,120. Safeco, The Hartford, GEICO, and National Farmers Union are also on the list of the most affordable Wyoming auto insurance companies.
Let's now give the driver from the above example an accident claim, bad credit, and a blemish on her driving record. Due to the fact that each insurance company has their own unique process to set their prices, comparing rates most likely will result in a different list of the cheapest Wyoming car insurance companies as shown below.
Grange now has the cheapest rate in Wyoming with USAA, The Hartford, Safeco, and California Casualty now being in the top five. This example proves why it is important to take the time to shop around when trying to get cheap car insurance rates for young drivers.
Auto insurance prices are calculated by many factors and can increase or decrease at any time, so the best company a year ago may now be quite expensive.