Average car insurance cost in Casper, WY

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Based on an analysis by Insure.com, the typical car insurance expense in Casper, Wyoming is $1,724 annually. Furthermore, car insurance premiums in Casper are $34 less than compared to the state average in Wyoming and $171 less than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Casper, the average car insurance rates by age and gender, and the costs in Casper based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Casper. Keep reading to learn more.

Cheap car insurance companies in Casper

American National offers the most affordable car insurance in Casper for coverage limits of 100/300/100 at $866 per year.

The State Farm comes close second offering car insurance at $1,499 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Casper that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Casper, Wyoming:

Read about the best car insurance companies.

Average car insurance cost in Casper by coverage limits

The average car insurance rates in Casper by coverage type are as follows:

• State minimum coverage: $346 per year (limits of 25/50/25)
• Liability-only coverage: $393 per year (limits of 50/100/50)
• Full coverage: $1,724 per year (limits of 100/300/100)
• Non-owners coverage: $274 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Casper

The average car insurance per year for female drivers in Casper, Wyoming, is $1,681.

Whereas the yearly average car insurance rate for male drivers is $1,767, which is $86 more than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Casper

In Casper, car insurance rates are highest for teens, averaging $5,045 per year or $420 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $2,781 annually for their car insurance, which is $2,264 less than what teens pay for their coverage.

In Casper, adult drivers pay an average of $1,696 per year for car insurance, while senior drivers pay $1,801 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Casper

Examining car insurance rate trends in Casper, Wyoming, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 5% or $87.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Casper, are lower than the average insurance cost in Wyoming. Shopping around and taking advantage of available discounts, drivers in Casper can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.