Guide to High-Risk Auto Insurance in Wyoming

Car insurance in Wyoming costs anywhere from 37 percent to 201 percent more for high-risk drivers than people with a clean driving record, older drivers, and drivers with good credit. You’ll see the smallest increase if you’re considered a high-risk driver because of bad credit and the biggest increase if you’re a teen driver.

Wyoming doesn’t offer an assigned pool for high-risk drivers, so if you’re having trouble finding an insurance provider that will accept you, make sure you’re looking in the right place. Not all companies cater to substandard drivers, so you’ll want to look for the best high-risk auto insurance companies. Although they charge higher rates, some insurers cater to people with bad credit, DUIs, and assorted traffic violations.

You can always contact the auto insurance experts at AutoInsurance.com, and we’ll shop the market for you, matching you with a licensed auto insurance company that wants you as a customer. Otherwise, you’ll have to request quotes from multiple companies on your own and hope they will want you as a customer. Whatever you do, be sure to compare quotes from different insurers to see which can provide you the best rate.

Here’s how to lower auto insurance costs even as a high-risk driver in Wyoming:

1. Choose minimum coverage. Wyoming requires only liability coverage with the following limits:
   • $25,000 in bodily injury liability coverage per person
   • $50,000 in bodily injury liability coverage per accident
   • $20,000 in property damage liability coverage¹

     While liability coverage doesn’t apply to the property damages or your or your passengers’ injuries, it’s a good option if you can’t afford more coverage. Plus, in 2020, Wyoming had the fourth-lowest average annual premium for liability insurance: $343. That’s nearly half the national average, according to the National Association of Insurance Commissioners.²

2. Bundle multiple policies. Wyoming has the fourth-highest homeownership rate in the country, with three-quarters of residents owning homes.³ If you’re part of that 75 percent, ask your insurance agent for a discount for bundling home and auto insurance. Putting multiple policies under the same provider should save you money.
3. Improve your credit score. If bad credit classified you as a high-risk driver, improving your credit score will lower your insurance premium. Try to limit the number of credit lines you apply for, pay off your debts, and pay bills on time to raise your score.
4. Adjust your policy. Lowering limits, dropping unnecessary coverages, and raising your collision/comprehensive deductible will save you money as well.
5. Ask for more discounts. Every insurance company offers different discounts. For example, one might reward you for having a student in your family with good grades. You could even get a discount for something as simple as enrolling in paperless billing or paying your policy in full. To find out how you can save, ask your insurance agent directly.
6. Shop around. Don’t go with the first quote you receive. Rather, make sure to get quotes from at least three insurance companies before signing with one. If you’re not happy with your current premium, even with discounts, there’s no harm in requesting quotes from competitors, as you won’t receive a hard inquiry on your credit report until you actually apply for insurance.

   While quotes aren’t necessarily the price you’ll ultimately pay (which you won’t know for sure until you apply), they’ll give you a good ballpark idea of how much your auto insurance costs will be. One way to compare quotes easily is to use an insurance broker rather than an agent, as a broker can represent you to multiple companies.

Being categorized as high-risk isn’t necessarily forever. If a driving offense led to this classification, you need to wait for the demerit to be removed from your record. Once that happens, it can’t affect your car insurance rate any longer. Violations are typically removed after three or five years, according to the state’s Department of Transportation.⁴

Compared to states like Virginia, in which certain violations can stay on your record for 11 years, Wyoming’s laws are fairly lenient.

To keep your premium low, improve your credit and avoid getting any more traffic violations. Insurance companies prefer customers with good credit and a clean driving record and reward them with lower car insurance rates. To learn more about high-risk drivers and insurance in Wyoming, read our list of frequently asked questions below.