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In the city of Cheyenne, you are required to carry a minimum level of insurance to be able to drive in the state legally. Minimum requirements include:
- $25,000 bodily injury per person
- $50,000 bodily injury per accident
- $20,000 property damage per accident
While the minimum is all that is required, it is recommended that you carry collision and comprehensive to prevent having to pay out of pocket for repairs and medical bills in an accident. Unfortunately, additional coverage comes with a much higher price tag. Rates for full coverage run almost 199 percent more than just basic liability coverage.
Car Insurance: Cheyenne Rates vs. State + National Averages
When purchasing minimum liability coverage in the city of Cheyenne, you can expect to pay slightly higher than the state average. Cheyenne’s average liability coverage runs around $393, while the state average is around $368. Even though the city is more expensive than the state average, it is considerably less than the national average of $657, Making it more than 49 percent less expensive.
Cheyenne Auto Insurance Costs by Insurer
According to The Zebra, several insurance carriers provide coverage in the city of Cheyenne, though their rates for full coverage vary significantly. Some of the top carriers in the city include:
- The Hartford. $943
- Safeco: $1036
- USAA: $1072
- State Farm: $1295
- Cal Casualty: $1372
- Grange: $1548
- GEICO: $1654
- Farmers: $1960
- Metropolitan: $2262
- Allstate: $2598
Cheyenne Auto Insurance Premiums by Driver Age
The highest insurance rates in the city belong to the age group between 16 and 25. They are considered inexperienced drivers who will make them high-risk and result in premiums as high as three times the national average. Rates drop each year that a young driver is accident and violation-free until they hit the age of 25 when rates should even out.
16-year-olds will pay an average of $5573 per year for full coverage, while 19-year-olds will pay around $3314. By the age of 50, rates will be the lowest, though there will only be a slight increase when drivers turn 60.
Cheyenne Car Insurance Premiums by Gender and Marital Status
In Cheyenne, gender will have a minimum effect on insurance premiums, with females seeing about $25 more on their annual premiums until the age of 30 when it evens out. Married drivers will see a little more savings, as they will pay about 3 percent less per year than single drivers. With most carriers, single drivers pay an average of $59 more each year, except for State Farm and Farmers, which do not have different rates based on marital status.
Average Cheyenne Insurance Rates after a Violation or Accident
The most significant issue affecting your yearly premium rates is whether or not you have accidents or moving violations on your driving record. Drivers with no violations or accidents will save an average of 24 percent on their yearly premiums, while those with violations could see up to a 38 percent increase. DUIs will bring you the highest increase, followed by at-fault accidents. Below are the average rates you can expect to pay with the following blemishes on your driving record.
- At-fault accident: $1847
- DUI: $2184
- Speeding violation: $1767
Cheyenne Auto Insurance Premiums by Credit Tier
Though not as big of a change as your age or driving record, your credit score can still cause your rates to increase or decrease. On average, those with a good credit score will pay 30 percent less than those with a poor score, according to ValuePenguin. Drivers with bad credit will pay an average of $1916 for yearly premiums.
Expensive Cheyenne ZIP Codes
There are a few areas in Cheyenne where car insurance rates will be higher. These areas see greater traffic and also a higher cost of repairs. The two most expensive ZIP codes in Cheyenne for car insurance are:
Cheaper Cheyenne ZIP Codes
ZIP codes in Cheyenne with less traffic and lower crime rates will see a reduction in their average premium costs. The two cheapest ZIP codes for car insurance in Cheyenne are:
List of Insurance Companies in Cheyenne
While one of the first things you look for when choosing car insurance is likely the price, there are other things to consider when choosing the right insurance company for you. You want to consider how well they handle claims, coverage options, and available discounts.
Companies like USAA offer some of the most competitive rates, but to qualify for coverage, you must be an active or retired member of the military, their spouse, or a dependent. State Farm is also known for its low rates and can be a good option for younger drivers.
GEICO is a popular company with drivers who like to access all facets of their insurance online, from claims to quotes. They are also known to have more reasonable rates than other carriers when you have had an accident or moving violation.
Carriers like The Hartford, Safeco, and Metropolitan are known for their easy claims process, personalized assistance, and high level of customer service. Allstate is one of the more expensive carriers in the city, but their premiums can be reduced by a large number of discounts available.
No-Fault Insurance in Cheyenne Information
The state of Wyoming is an at-fault state. That means that if you are in an accident in the city of Cheyenne, the driver who was determined to be at fault will carry the financial responsibility for medical bills and property damage for both vehicle, drivers, and passengers. Being an at-fault state also allows drivers to sue to get additional damages.
Check this out if you need additional information, resources, or guidance on car insurance.
Sources:
Car Insurance | Car and Driver
Cheap Wyoming Car Insurance | The Zebra
Who Has the Cheapest Car Insurance Quotes in Wyoming? | ValuePenguin
Auto Insurance in Wyoming | Car and Driver
How Much is State Farm Insurance? | Car and Driver
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