WYOMING — According to a recent analysis, Wyoming is the cheapest state for car insurance in 2021.
The personal-finance website WalletHub today released a new report on the States with the Cheapest & Most Expensive Car Insurance.
Full coverage refers to a policy that goes beyond the minimum state requirements and includes both collision and comprehensive coverage. Because full coverage protects you in more situations, it costs more than the minimum required coverage.
WalletHub compared full coverage rates for policies that include collision and comprehensive coverage with a $500 deductible, $100K in bodily injury liability coverage per person (up to $300K per accident), $50K of property damage liability coverage per accident, $100K in uninsured motorist bodily injury coverage per person (up to $300K per accident), and $50K in uninsured motorist property damage coverage per accident.
They used a 45-year-old, single man with a clean driving record and good credit as the policyholder for these sample quotes.
