Wyoming Auto Insurance
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Wyoming Auto Insurance Requirements
The state of Wyoming, also known as the Equality State, requires drivers to possess certain state-mandated auto insurance coverage. The required minimum amounts are fairly low. Therefore it may make better financial sense to purchase more than the state mandated coverage. Here’s what Wyoming state law requires.
Wyoming Insurance mandates
Liability coverage protects an at-fault driver by paying for the bodily injury or death-related expenses of the other person(s) involved in an accident, up to the at-fault driver’s chosen payment limits. In choosing Wyoming minimums, the insurer will pay up to $25,000 for a single-person accident and up to $50,000 towards the combined expenses in accidents involving multiple persons. The insurer will also pay up to $10,000 towards property damage costs resulting from the accident.
This type of insurance does not cover you or your car. Also, Wyoming minimums may not be enough to cover all expenses, especially when you consider how high medical care and vehicle repair costs are these days.
Protect yourself, protect your car
To protect your car, consider purchasing Comprehensive/Collision coverage. Comprehensive pays for repairs needed due to situations that are beyond your control. Vandalism, theft, the weather and animal encounters are examples of what usually qualifies. Collision coverage pays to repair your vehicle when it’s involved in a collision or roll-over. When selecting coverage limits, remember that your insurer will only pay up to your chosen limits. Also remember that you’ll have to satisfy your deductible before your auto insurer pays any claims.
Skimping on insurance can be expensive
With more motorists driving without insurance because they can’t afford it or because their state doesn’t require liability coverage, optional Uninsured/Underinsured Motorist insurance is worth considering. Insurers operating in Wyoming will pay, up to your chosen payment limits, for damage to you or your car caused by a hit-and-run accident or by a motorist with no auto insurance. If the at-fault driver has auto insurance but it is not enough to cover your accident-related expenses, underinsured motorist coverage may pay some or all of the remaining medical/repair expenses.
Wyoming Insurance Department
Visit http://insurance.state.wy.us for more information on Wyoming auto insurance requirements. Or contact the Wyoming Insurance Department, located in Cheyenne, by dialing toll-free 800-438-5768.