Cheapest car insurance companies in Cheyenne 

According to a study by Insurance.com, the cheapest car insurance companies in Cheyenne for 2023 are American National Finance and State Farm

American National Finance offers the cheapest car insurance premium for Cheyenne drivers at an annual rate of $784 a year, on average. 

Car insurance prices in Cheyenne can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Cheyenne drivers.

CompaniesAverage annual rates
American National Finance$784
USAA$996
State Farm$1,507
Farmers$1,685
Geico$2,263
Allstate$2,819

Cheapest car insurance cost in Cheyenne by Age Group 

American National Finance stands out as Cheyenne's cheapest auto insurance company for teen drivers at an average annual of $2,577. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups. 

Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.

American National Finance is the cheapest car insurance company for young adults. It offers full coverage auto insurance for young drivers in Cheyenne at about $1,208 per year

You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in Cheyenne is American National Finance. Its average rate for a full coverage car insurance policy is $726 per year

With an average annual premium of $843, American National Finance offers Cheyenne's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel. 

CompanyTeensYoung AdultsAdultsSeniors
American National Finance$2,577$1,208$726$843
USAA$2,938$1,550$1,008$979
Farmers$4,158$3,186$1,666$1,769
State Farm$4,294$2,530$1,463$1,356
Geico$5,451$3,478$2,235$2,766
Allstate$9,991$4,276$2,792$2,811

Cheapest car insurance companies in Cheyenne by driver profile 

Your driving profile plays an important role in determining your car insurance rates in Cheyenne. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.

When it comes to finding the cheapest car insurance rates in Cheyenne, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.

In Cheyenne, these insurance companies offer cheap car insurance rates based on your driver profile.

Farmers is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Cheyenne drivers is $2,025

Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Cheyenne.

CompanyAverage annual rates
Farmers$2,025
State Farm$2,323
USAA$2,654
Geico$2,665
Allstate$3,841

Based on recent data analysis, 30-year-old drivers in Cheyenne with speeding tickets on their driving record can get the cheapest car insurance rates from USAA at an annual cost of $1,076.

Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.

CompanyAverage annual premium
USAA$1,076
State Farm$1,525
Farmers$1,841
Allstate$2,882
Geico$3,846

If you've had an accident, USAA might be your best bet for affordable auto insurance.

For Cheyenne drivers with an at-fault accident, USAA offers the cheapest average annual rate at $1,252. It's a great option if you're looking for affordable coverage that won't break the bank.

After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.

CompanyAverage annual rates
USAA$1,252
State Farm$1,648
Farmers$2,363
Geico$3,145
Allstate$3,608

State Farm is the cheapest option for Cheyenne drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,525, on average.

A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.

CompanyAverage annual rates
State Farm$1,525
USAA$1,889
Allstate$3,472
Farmers$5,234
Geico$7,493

Average car insurance cost in Cheyenne 

The average car insurance rate in Cheyenne for full coverage is $1,676 per year or $140 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Cheyenne is $326 per year. 

Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.

Average annual RatesState minimum average
$1,676$326

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

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

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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