Wyoming Auto Insurance
In the state of Wyoming, all drivers are required to have car insurance that meets the state’s minimum requirements. These requirements include at least $25,000/$50,000 in bodily injury liability and a minimum of $20,000 in general property damage coverage. It is important to note that these requirements only apply to drivers who already own their vehicles. Generally, those who are leasing vehicles and who have not yet paid them off in full are required to take out much higher amounts of coverage.
Wyoming is a Tort State
Even if its not mandatory to take out higher coverage amounts and own your vehicle, you should still try to opt for greater amounts of coverage whenever possible. Wyoming is a tort state, which means your auto insurance policy will be responsible for covering any damages you cause to another vehicle or any injuries or medical bills acquired by another driver injured as a result of your actions. However, if your insurance policy is not enough to cover damages and injuries, then you will be financially responsible for them out of pocket. If you are still unable to pay, you could possibly face litigation, garnished wages, and damaged credit.
How much auto insurance do you need in Wyoming?
Much like all other states, Wyoming only requires drivers to carry liability insurance. Liability insurance is coverage for damages/injuries to other people in an accident where you were at-fault, and NOT coverage for your own damages and/or injuries. Although you may have $50,000 of liability insurance you still have NO coverage for personal damages with a liability only auto insurance policy. Most drivers consider a full coverage auto insurance policy which consists of liability, collision and comprehensive coverage providing well rounded coverage in the event of a car accident.
How much auto insurance should I buy in Wyoming?
$50,000 in liability insurance may sound like a lot but what if you total another vehicle or cause serious bodily injury to another person? How much would you expect a couple weeks in a hospital to cost? How about future rehab treatments, emotional distress, loss of income and other claims any good car accident attorney will seek. $50,000 is sufficient for most minor accidents but certainly not enough to protect you from many scenarios. Most Wisconsin drivers opt for at least $100,000 in coverage or more.
How much does car insurance cost in Wyoming?
The cost of auto insurance for Wyoming drivers averages around $1,550 a year which is about 10% higher than the national average. Good drivers can pay substantially less and even high risk drivers can still find affordable auto insurance rates due to the very healthy and competitive auto insurance market in Wyoming.
Who are the best Wyoming Auto Insurance Companies?
Every driver has a different profile so it’s impossible to declare any auto insurance company the best for all drivers. What you need to do is find an auto insurance company who has the customer service, policy coverage, and affordable rates to meet your unique needs. Most national brands like State Farm, Progressive and Allstate offer auto insurance coverage in Wyoming but there are still many regional and local providers who also provide superior coverage at comparable rates. Shopping around and comparing auto insurance quotes is the only true way to find the best auto insurance company.
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