Wyoming auto insurance rates can vary greatly for drivers. When an application for coverage is received, the insurance company’s underwriters will consider several factors when deciding whether to offer to extend coverage and at what rate.
The insurance company will look at the make and model of car that the applicant drives. Some cars cost more to repair, which means they cost more to insure. A person who chooses to drive a sports car can also expect to pay more for their coverage.
The applicant’s driving record is also considered by the insurance company. A person who has been involved in an accident or who has a number of moving violations against his or her record will be charged a higher rate than someone with a clean driving record. The insurance company looks at past history as an indication of future behavior.
Age, marital status and gender are also factors that affect Wyoming auto insurance rates. Young males are charged higher rates for their car insurance because they are statistically more likely to be involved in an accident. Customers who are married tend to pay lower rates because they are seen as more responsible.
Another factor that may affect auto insurance rates is the applicant’s credit score. A person with credit issues tends to be seen as someone who is more likely to submit a false claim and who is more likely to default on payments. Paying bills on time can lead to a lower rate for car insurance coverage.