For drivers in Powell, one of the largest factors that determine the amount you pay each year for auto insurance is your zip code. Cities with larger populations or higher claim trends tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper auto insurance prices.
The next table rates the highest-priced places in Wyoming in which to buy car insurance. Powell ranks #9 with a yearly premium of $1,186 for the average insured, which is about $99 per month.
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Price information shown is estimated as specific Powell garaging address can lower or raise rates significantly.
Knowing where Powell ranks compared to other Wyoming cities, finding decent, cost effective car insurance is tough enough, and figuring out which company has the best auto insurance rates in Powell may require additional perseverance. Each company uses their own formula for determining rates in each state, so to begin we'll rank the auto insurance companies that tend to have lower prices in Powell.
It's important that readers know that Wyoming auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. This is why Powell drivers need to compare rates to find the most economical auto insurance quotes in Powell. Insurance prices are determined by many factors and can decrease or increase without notice, so the cheapest option three years ago may now cost much more than other companies.
Best Car Insurance Prices in Powell
|Rank||Company||Cost Per Year|
|4||National Farmers Union||$1,000|
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USAA may have some of the best car insurance rates in Powell at around $643 a year. This is $477 less than the average premium paid by Wyoming drivers of $1,120. Safeco, The Hartford, National Farmers Union, and GEICO also are some of the cheaper Powell, WY auto insurance companies.
In the rate table above, if you have coverage with National Farmers Union and switched to Safeco, you could see annual savings of roughly $92. Wyoming drivers with GEICO might save as much as $100 a year, and State Farm policyholders might reduce rates by $146 a year.
To find out how much you can save, click here or click through to the companies below.
Remember that these premiums are averages for all drivers and vehicles in Wyoming and and are not figured with a specific vehicle garaging location in Powell. So the company that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to get car insurance quotes using your own driver and vehicle profiles.
The car, truck, or SUV that is being insured is one of the largest considerations that determines the availability of the lowest-priced insurance in Powell. Vehicles with higher performance characteristics, poor passenger safety features, or a track record of large liability claims will cost quite a bit more to insure than safer models. The data below showcases coverage rates for the most cost-effective automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport 4WD 2-Dr||$843|
|Ford Escape XLT 2WD||$892|
|Honda CR-V EX-L 4WD||$915|
|Ford Focus SE 4-Dr Sedan||$949|
|Chevrolet Silverado LS Extended Cab 4WD||$968|
|Nissan Altima 2.5 4-Dr Sedan||$973|
|Hyundai Elantra GLS 4-Dr Sedan||$1,019|
|Chevrolet Malibu LTZ||$1,037|
|Toyota Tacoma 4WD||$1,041|
|Ford F-150 Lariat King Ranch 4WD||$1,055|
|Volkswagen Jetta LE 4-Dr Sedan||$1,059|
|Chevrolet Impala LS||$1,065|
|Dodge Ram 3500 Crew Cab ST 2WD||$1,074|
|Toyota RAV4 Limited 4WD||$1,090|
|Dodge Grand Caravan Hero||$1,099|
|GMC Sierra 2500HD SLE Regular Cab 2WD||$1,106|
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Wyoming minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Prices do not factor in specific Powell, WY garaging location which can change premiums greatly.
Based upon these rates, cars like the Jeep Wrangler, Ford Escape, and Toyota Prius will be the most economical vehicles to insure for drivers in Powell.
Reckless driving habits raise auto insurance rates
The best way to find cheap auto insurance prices for drivers in Powell is to pay attention while driving and have a clean driving record. The illustration below highlights how traffic violations and fender-benders impact car insurance rates for different age groups. The premium estimates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.
The data above shows the average cost of auto insurance in Powell per year with no accidents or violations is $1,701. Factor in one speeding ticket and the average cost rises to $1,960, an increase of $259 each year. Next add two accidents along with the one speeding ticket and the annual cost of auto insurance in Powell increases to an average of $4,405. That's an increase of $2,704, or $225 per month, just for a couple of infractions!
The example below shows how choosing a deductible can affect insurance premiums when searching for cheap insurance in Powell. The data assumes a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
The data above shows that a 30-year-old driver could save $276 a year by switching from a $100 deductible to a $500 deductible, or save $420 by switching to a $1,000 deductible. Younger drivers, like the Age 20 category, could drop their prices up to $830 or more just by choosing higher deductibles when buying full coverage. When using a larger deductible, it is necessary to have enough savings set aside to enable you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Rate difference between full and liability-only coverage
Lowering the price of auto insurance is the goal of the majority of drivers, and one common way to find cheap insurance in Powell is to buy only liability coverage. The diagram below illustrates the difference between insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no policy discounts are applied.
As an average for all age groups, full coverage on your policy costs $1,881 per year more than insuring for liability only. That is a large expense and it proposes the question if physical damage coverage is worth the money. There is no clear-cut rule that is best for determining when to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
There are some conditions where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.
How to find cheaper insurance in Powell
Here are some of the better money-saving solutions that can help you get cheap car insurance.
- Buy a car with high safety ratings
- Increase your policy deductibles
- Be a cautious driver
- Don't waste money on full coverage for older vehicles
- Pay cheaper rates with good credit scores
- Avoid accidents and claims
- Compare rate quotes frequently
The final tip is incredibly valuable, as we hit on in this piece. Insurance rates fluctuate constantly, so don't hesitate to buy from a different company if a lower-cost policy is available.
Having a favorite company is great, but we do not recommend it if that loyalty ends up costing a considerable chunk of change every month. In just a couple of minutes you could compare rates to find cheaper auto insurance in Powell.