The Cheapest Auto Insurance in Cheyenne, WY in 2024

The average cost of car insurance in Cheyenne is $120 per month — less than the national monthly average of $160. Part of that’s because Wyoming residents, as a whole, tend to get in fewer accidents than people living in other states — and when they do, they don’t tend to get attorneys involved, according to the Insurance Information Institute (Triple-I).

Even so, Cheyenne residents have access to many ways to lower their rates depending on their unique situation, which we’ll explore in the sections below.

Key Takeaways:

• The minimum Wyoming car insurance requirements are a 25/50/20 policy covering liability for bodily injuries and property damage.
• Safeco offers the best auto insurance rates in Cheyenne, at $74 per month.
• Car insurance rates in Cheyenne start at $34 and $113 per month for minimum-coverage and full-coverage policies, respectively.

In This Article:

• Average Price for Car Insurance in Cheyenne
• Cheapest Cheyenne Car Insurance Companies
• Best Cheyenne Car Insurance Companies of 2024
• Cheyenne Rate Breakdowns by Driver and Coverage Type
• Wyoming Auto Insurance Requirements
• Frequently Asked Questions

How Much Is Car Insurance in Cheyenne, WY?

The average Cheyenne resident pays $120 per month for car insurance, according to Compare.com data. But remember, these are only averages, and your own costs may be very different depending on your individual profile and which insurer you choose.

Let’s start by looking at which companies offer cheap car insurance next.

Cheyenne’s Cheapest Car Insurance Companies

The average driver may pay $120 per month for insurance coverage, but, chances are you can lower your cost even further if you shop around.

Insurance companies often charge vastly different premiums. The following table shows the five cheapest insurers in Cheyenne, according to Compare.com data.

Safeco is the cheapest insurer in Cheyenne, with an average cost of $74 per month, according to our data. It’s a good starting point when you’re shopping around, but other companies may be better depending on your driver profile. We’ll look at those below.

Top 3 Best Cheyenne Insurance Companies of 2024

It’s a good idea to consider several options if you’re in the market for car insurance. After all, the right company for you might be very different from someone else. That’s why our editorial team picked out the following top three insurers in Cheyenne based on the range of discounts, coverage options, prices, and more.

Best overall value: Safeco

Average premium: $74 per month

Compare.com Rating: 4.6 out of 5

Pros:

• Highly rated mobile app
• Several local insurance agents
• Lots of savings for homeowners

Cons:

• Only offers basic coverage options
• Less-than-ideal financial stability rating
• Mediocre reputation for customer service

Safeco charges some of the lowest rates for the average Cheyenne driver, thanks to its extensive discount program. If you don’t mind sharing your road habits, you may be able to save up to 30% if you use Safeco’s RightTrack telematics app, for example, and you could earn up to 5% cash back each year if you didn’t file a claim.

Best high-risk insurer: Dairyland

Average premium: $98 per month

Compare.com Rating: Not available

Pros:

• No extra SR-22 filing fee
• Several available discounts
• Decent rates for most drivers

Cons:

• Few local agents
• Rideshare or gap coverage not available
• Full coverage not available for older vehicles

Finding a good car insurance policy can be hard if you have accidents or other conditions noted on your driving record, but Dairyland will still cover you in many cases. Even better, Dairyland has a lot of savings to offer, such as if you’ve taken a defensive driving class and you’re over age 55, or if you insure other valuable assets such as your home.

Best specialty insurer: Foremost

Average premium: $174 per month

Compare.com Rating: Not available

Pros:

• Plenty of available coverage options
• Unique policies for business and homeowners
• Endorsed by AARP for some insurance products

Cons:

• So-so app ratings
• Rates are quite high
• Poor customer service track record

Foremost is currently a subsidiary of Farmers Insurance, but it got its start as the first company to sell mobile home insurance. You can buy a regular auto and homeowners policy from Foremost today, but it’s still a good choice for unique cases — particularly if you’re earning extra income in the rental industry with a vacation home, or if you only live in Cheyenne part time.

Cheapest Company for Liability Insurance: Safeco

Opting for a lower coverage level can be a good way to save on the cost of car insurance if you’re willing to accept higher financial risks if you get into an accident. In Cheyenne, the average cost of liability insurance for bodily injuries and property damage you might cause is just $68 per month.

As always, some insurers charge more than others:

Safeco offers the cheapest minimum-coverage policy, costing the average Cheyenne driver a mere $34 per month. If you want more protection, or if your lender requires it, a full-coverage policy might be a better option for you.

Cheapest Company for Full-Coverage Insurance: Safeco

Policies offering “full coverage” add extra insurance to protect your own car from damage, whether it’s caused by you, others, or even the weather. This typically includes collision comprehensive coverage, which lenders require to protect their own investment if you’re paying off or leasing your car.

The average full-coverage policy costs $173 per month in Cheyenne, according to Compare.com data. Here’s how much different companies charge:

Safeco offers the lowest average rates on full-coverage policies in Cheyenne, with an average monthly premium of just $113.

Compare Cheyenne Auto Insurance Rates by Driving Record

Taking risks while driving can make it more likely that you’ll have to file a claim. In fact, what’s listed — or not listed — in your driving record is one of the most important factors when it comes to how much you pay for car insurance.

This is another case where it pays to shop around for car insurance because some companies are much cheaper than others, as the following table shows:

Don’t panic if you have a negative mark on your driving record. They’re pretty common, so let’s take a closer look at some of the specific types of driving infractions.

Cheapest car insurance in Cheyenne after a ticket: Safeco

A speeding ticket doesn’t mean you’ve caused any damage per se, but it does show that you don’t always drive safely — and that affects your likelihood of getting into an accident. Typically, you can expect a 27% rate increase from your insurer if this happens, according to Compare.com data.

Safeco is the cheapest option, on average, for Cheyenne drivers with a recent ticket, typically charging $204 per month.

Cheapest car insurance in Cheyenne after an accident: Safeco

You know the saying: Fool me once, shame on you; fool me twice, shame on me. Our research shows that you can expect a 34% increase in your car insurance rates if you’ve caused an accident since insurers know that you’re statistically more likely to get into another one.

If you live in Cheyenne and have an at-fault accident on your record, Safeco is likely your best bet. It charges an average of $186 per month, according to Compare.com data.

Cheapest car insurance in Cheyenne after a DUI: Safeco

Alcohol causes around 97 accidents per year in Cheyenne, according to a 2022 report from the Cheyenne Metropolitan Planning Organization. A DUI accident tends to be more serious than those caused by sober drivers, and many drunk drivers become repeat offenders.

Insurers are more likely to deny you a policy if you get a DUI, so you may need to resort to more expensive companies. These companies typically charge 50% more, on average, according to Compare.com data.

Drivers with a DUI typically pay $211 per month for car insurance through Safeco, the cheapest insurer in Cheyenne, according to Compare.com data.

Compare Cheyenne Auto Insurance Rates by Age

Another major factor that insurers look at is your age. Teen drivers typically pay higher rates than the average 30-year-old driver, for example.

Here’s how much you can expect to pay for car insurance in Cheyenne based on how old you are, and which companies might be better options for you.

Let’s look at why your rates tend to be higher for old and young drivers alike.

Cheapest car insurance for Cheyenne teens: Safeco

Even though Cheyenne has a relatively low population density, teens still have plenty of ways to get into trouble since they lack experience driving. In addition, teens tend to drive less safe types of vehicles since these are often cheaper to buy, according to a recent study from the Insurance Institute for Highway Safety (IIHS).

Safeco offers the cheapest rates for Cheyenne teens, according to Compare.com data, charging an average of $202 per month.

Cheapest car insurance for Cheyenne seniors: Safeco

Older drivers typically have more history of safe driving. But at some point, your mental and physical capabilities start to diminish, and when that happens, you may be more likely to get into an accident, according to the IIHS. This typically starts happening for drivers in their 70s.

Cheyenne drivers in their 70s and beyond typically pay $87 per month for coverage through Safeco — the cheapest option in the city, according to Compare.com data.

Wyoming Auto Insurance Requirements

Wyoming requires all drivers to have a car insurance policy that offers at least a minimum level of liability coverage to help pay for any damage they cause in an accident. You’ll need at least $25,000 in bodily injury liability coverage per person (up to a max payout of $50,000 in a multi-person accident), plus $20,000 in property damage liability coverage to satisfy the state’s requirements.

How to Get Cheaper Car Insurance in Cheyenne

Although you’ll need car insurance to drive on Wyoming roads, you don’t necessarily need to pay a ton for it. You can still take advantage of several ways to lower your costs. Here are some of the top tips recommended by insurance experts:

• Bundle your policies: Most insurers offer discounts if you bundle other insurance products with your auto policy, such as homeowners insurance, renters insurance, or a life insurance policy.
• Look for relevant discounts: Keep an eye out for companies that reduce your rates if you use a telematics app, don’t file any claims, or if your kids get good grades at school, among other things.
• Plan your next car purchase carefully: Consider buying a car with better safety ratings and features the next time you’re in the market. You’ll save on car insurance premiums, and it can help you avoid filing a claim in the first place.
• Compare multiple quotes: We’ve shown that companies can vary a lot in terms of how much they charge. The only way to know if you’re getting the best rates is if you review your options with as many car insurance companies as possible.

Cheyenne Auto Insurance FAQs

If you still have questions about car insurance in Cheyenne, we’ve answered some of the most common questions below.

Which company has the cheapest car insurance in Cheyenne?

Safeco has the cheapest rates on car insurance in Cheyenne, according to Compare.com data. Its average rate for drivers throughout the city is just $74 per month.

How much is car insurance in Cheyenne?

Car insurance costs $120 per month, on average, in Cheyenne, according to Compare.com data. Some drivers can find coverage for as little as $34 per month from companies like Safeco.

How much car insurance coverage does Wyoming require?

Wyoming requires a minimum-liability 25/50/20 policy. You’re free to purchase additional coverage — in fact, many experts recommend it — and some lenders require you to buy additional insurance to protect your car.

What happens if you get caught driving without insurance in Cheyenne?

If authorities catch you driving without insurance, the state will suspend your license until you pay a reinstatement fee and file an SR-22 with the Department of Transportation.

Data Methodology:

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.

All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.

Sources:

1. Insurance Research Council, “Auto Insurance Affordability: Countrywide Trends and State Comparisons,” accessed June 13, 2024.
2. Wyoming Department of Transportation, “Frequently Asked Questions,” accessed June 13, 2024.
3. National Association of Insurance Commissioners, “NAIC Consumer Shopping Tool for Auto Insurance,” accessed June 13, 2024.
4. Insurance Information Institute, “Do auto insurance premiums go up after a claim?” accessed June 13, 2024.
5. Cheyenne Metropolitan Planning Organization, “2022 Annual Crash Report For The Cheyenne Urban Area,” accessed June 13, 2024.
6. National Highway Traffic Safety Administration, “DWI Recidivism in the United States:  An Examination of State-Level Driver Data and the Effect of Look-Back Periods on Recidivism Prevalence,” accessed June 13, 2024.
7. Insurance Information Institute, “What if I can’t find auto coverage?” accessed June 13, 2024.
8. University of Nebraska Omaha, “Population Density by City,” accessed June 13, 2024.
9. Insurance Institute for Highway Safety, “Teens are the riskiest drivers, but they drive the least safe vehicles,” accessed June 13, 2024.