Wyoming Auto Insurance

Before you start shopping for Wyoming auto insurance, it's a good idea to find out how much coverage you must have on your vehicle by law. These minimum levels of auto insurance coverage for Wyoming drivers are a good place to start when you are trying to find coverage. Your insurance company or agent can help you to find the right level of Wyoming auto insurance coverage to suit your needs.

Minimum Levels Of Wyoming Auto Insurance Coverage

The State of Wyoming has passed legislation stating that drivers must carry a certain minimum level of insurance coverage.

You may see these numbers expressed as 25/50/25. This means a driver must have at least $25,000 in bodily injury liability insurance coverage for a single individual injured in an accident, and a cap of $50,000 for all injuries sustained in the same accident. The $50,000 limit applies to multiple victims, no matter how many people were injured. In addition to the bodily injury liability insurance, all drivers in Wyoming must have at least $20,000 in property damage liability insurance in place.

Bodily Injury Liability Insurance

Bodily injury liability insurance is bought to pay for medical and other expenses incurred by the people in the other vehicle when you are responsible for someone else's injuries. This coverage will pay medical bills stemming from the accident, as well as compensate the injured person for lost wages stemming from the accident.

Bodily injury liability insurance also pays funeral expenses, if need be. Wyoming is a tort state, which means that following an accident, someone is considered to be legally responsible and must pay damages.

When you buy bodily injury liability insurance, your insurance company will pay these damages, up to the policy limits you choose. While there is a certain minimum level of coverage that you must have in place, you can always choose to buy additional coverage. Depending on the value of the assets you own, it might be a good idea to consider putting more protection in place than the minimum amount required by law. Some experts suggest 3 times the minimum amount is a good and safe number to aim for.

Property Damage Liability Insurance

This type of insurance coverage is designed to pay for the costs of repairing the other driver's vehicle after an accident has occurred. It also covers the cost of repairing street signs, fences, buildings, sheds, and mailboxes.

Optional Wyoming Car Insurance Coverage

Wyoming drivers can also buy Uninsured/Underinsured Motorist coverage for their vehicles. This type of coverage pays benefits if you are injured in an accident caused by a driver who does not have insurance or who doesn't have sufficient coverage to pay the full amount of your damages. This optional insurance can be incredibly beneficial if you find your self a victim of a poorly insured driver's bad decision making.

Collision insurance coverage protects your own vehicle. As the name implies, it covers the cost of repairing your car following a collision. If you took out a loan to pay for your vehicle, the lender may require you have this type of coverage in place in case a total loss occurs.

Once the vehicle has been fully paid off, you may decide that the cost of coverage doesn't justify the benefit you will receive from it. Collision coverage pays the Blue Book Value for the vehicle, not full replacement value. Over time, you pay the same premium amount every year and you are actually getting less coverage as the value of your car depreciates over time. After a certain number of years, you may be better off canceling this coverage and planning on replacing the vehicle if it gets totaled in an accident.

Wyoming Auto Insurance Rates

Rates for Wyoming car insurance fluctuate from year to year. They also vary between different insurance companies. One way to make sure that you are getting the best possible rates for your situation is to shop around. Going online to shop for car insurance is relatively easy. With a few clicks of your mouse, you can compare rates from different companies, and you can get this valuable information from anywhere that has an Internet connection.

Wyoming Car Insurance Quotes

Why don't you get started comparing rates for Wyoming auto insurance right now? The insurance tool located at the top of this page is here to help you. All you need to do to get started is to click on it. Compare Wyoming auto insurance quotes online for free from top companies – get started now!