Who Has The Cheapest Motorcycle Insurance In Wyoming?
Who Has The Cheapest Motorcycle Insurance In Wyoming?
Geico offers the cheapest annual rate for motorcycle insurance in Wyoming, at $318. That's 29% cheaper than the state average of $449.
Compare Motorcycle Insurance Quotes in Wyoming
Motorcycle insurance is the most common and practical way to fulfill Wyoming's financial responsibility requirement, but it's more than just a legal obligation. Insurance also protects you financially, both as a rider and bike owner. We gathered 180 quotes from across the state to identify the top insurers to fit your needs.
Best motorcycle insurance for most riders: Progressive
Our top choice for motorcycle insurance in Wyoming is Progressive. Its affordable rates and comprehensive coverage options make it the best option for most riders.
Progressive's average annual rate for motorcycle insurance in Wyoming is $370 for a full-coverage policy. Although it's $52 more per year than the cheapest rate in the state, Progressive is 18% cheaper than the average price among insurers we considered.
Riders in Wyoming can take advantage of Progressive's extensive list of discounts to help lower their premiums, which include enrolling in automatic payments, bundling their home or auto insurance and being a member of H.O.G. (the Harley Owners Group) or USAA.
Progressive offers optional coverages to enhance its basic policy, making it a great fit for most riders. Some of the extra protections it offers include:
- Enhanced injury protection pays up to $1,000 a month for up to two years if you're injured in an accident and can't work.
- Total loss coverage protects your brand-new bike by paying the full manufacturer's suggested retail price for a new model if your motorcycle is totaled.
- Roadside assistance includes fuel delivery, battery jumpstart, flat tire change, on-site labor and free towing to the nearest repair shop anywhere in the U.S.
Best motorcycle insurance for low rates: Geico
For riders looking for the most affordable option for motorcycle insurance, we recommend Geico. The company’s average premium is $318 per year, making it 29% cheaper than the average insurer in Wyoming.
Geico also has a better-than-average Complaint Index of 0.70 from the National Association of Insurance Commissioners (NAIC). That means Geico customers are only about 70% as likely to file a complaint as a typical insurance customer, and suggests that they tend to be happy with their service overall.
Geico doesn't offer as many specialized coverage options as other insurers, which helps keep premiums low. Riders can add additional protection for accessories like seats and saddlebags, a trike conversion kit, non-stock sidecar and electronic equipment. Geico also offers helmet protection and roadside assistance.
Best motorcycle insurance for customer service: Nationwide
Nationwide is not the cheapest insurer in Wyoming, but it has the highest customer satisfaction marks, with a 0.53 on the NAIC Complaint Index. That means Nationwide customers are only half as likely to file a complaint as the average insurance customer. Nationwide also received an A+ rating from AM Best, showing that it has excellent financial stability in relation to paying out claims.
Nationwide's average annual premium in Wyoming is $471 — 5% higher than the state average. However, riders can take advantage of discounts to help lower their rates, including:
- Multi-policy
- Multi-vehicle
- Motorcycle safety course
- Theft recovery device
- Homeowner
- Paid in full
- Anti-lock brakes
- Riding association membership
Best-rated Wyoming motorcycle insurers
Finding the best deal on motorcycle insurance is important, but it's equally important that you can depend on your insurer if you have to file a claim. The two ways we measure a company's level of service are the NAIC Complaint Index and the company's AM Best Financial Strength Rating. Nationwide has the best customer service score in Wyoming, and USAA maintains the highest rank for financial strength.
Insurer | NAIC Complaint Index | AM Best rating |
|---|---|---|
| Allstate | 0.63 | A+ |
| Geico | 0.70 | A++ |
| Nationwide | 0.53 | A+ |
| Progressive | 0.69 | A+ |
| USAA | 0.85 | A++ |
The NAIC Complaint Index compares a company's number of complaints with its share of the market. The average score is 1.0, and numbers below 1.0 indicate fewer complaints. NAIC combines car and motorcycle insurance into a single industry category, so scores are based on customer experience for both motorcycle and car insurance policyholders.
AM Best ratings measure a company's ability to withstand financial hardships, like an increase in claims or economic downturn. A company with a high AM Best rating is more likely to continue paying out claims and serving their customers in difficult times.
Cheapest motorcycle insurance companies in Wyoming
At an average price of $318 per year, Geico has the most affordable motorcycle insurance in Wyoming. We found annual premiums to be 29% cheaper than the average price statewide. The second-cheapest option, Progressive, is only 14% more expensive than Geico, and offers more comprehensive policy options.
The average cost of motorcycle insurance in Wyoming is $449 per year, or $37 per month.
Compare Motorcycle Insurance Quotes in Wyoming
Insurer | Average annual rate |
|---|---|
| Geico | $318 |
| Progressive | $370 |
| State average | $449 |
| Dairyland | $456 |
| Nationwide | $471 |
| Allstate | $628 |
Wyoming motorcycle insurance rates by city
Motorcycle insurance rates vary by city, so we analyzed the data to find the most affordable and expensive cities in Wyoming. Premiums in Wyoming did not change significantly based on location, with the average annual cost ranging from $417 to $494 throughout the state.
City | Annual rate | % from statewide average |
|---|---|---|
| Afton | $417 | -7% |
| Bar Nunn | $492 | 10% |
| Buffalo | $417 | -7% |
| Casper | $492 | 10% |
| Cheyenne | $492 | 10% |
Wyoming motorcycle insurance requirements
Riders in Wyoming need to prove financial responsibility before riding a motorcycle on public roads. The law states that if you are at fault in an accident, you have to pay for all of the damages in that accident, so riders have to prove that they can afford to foot the bill for any damages or injuries they cause.
There are three ways to prove financial responsibility in Wyoming:
- Purchase a motorcycle insurance policy that meets the state liability requirements.
- Purchase a bond with a surety company.
- Make a cash deposit with the state treasurer.
Riders who choose to carry motorcycle insurance need at least the following amount of liability coverage:
Coverage | Limits |
|---|---|
| Bodily injury liability (per person) | $25,000 |
| Bodily injury liability (per accident) | $50,000 |
| Property damage liability | $20,000 |
Although you are only required to have the minimum limits, we strongly suggest you purchase more coverage if you can afford it.
Methodology
We collected motorcycle insurance quotes from five major motorcycle insurance companies that operate in Wyoming: Allstate, Dairyland, Geico, Nationwide and Progressive. Our sample rider is a 45-year-old man with a 2021 Harley-Davidson Street Glide. The coverage limits we used, which surpass the state minimums, are:
- Bodily injury liability: $100,000 per person/$300,000 per accident
- Property damage liability: $50,000
- Collision: Included/$500 deductible
- Comprehensive: Included/$500 deductible
- All other coverages: Not included unless legally required
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