Wyoming Auto Insurance
In Wyoming, auto insurance is something that anyone who is operating a vehicle needs to have in place. A minimum level for auto insurance coverage has been set by Wyoming state legislators. Anyone who wants to register a vehicle in the state of Wyoming will have to provide proof of auto insurance as part of the process.
Wyoming Auto Insurance: Proof Of Insurance
All drivers in Wyoming are required to produce proof of car insurance if they are stopped by police. The card issued by your insurance company can be used for this purpose, as long as it includes the following information:
- Your Name
- The Make and Model of the Vehicle
- The Insurance Policy Number
A receipt for your insurance premium (with the policy number and model information) or your policy binder can also be produced if you are asked to provide proof of insurance.
Driving without insurance in Wyoming is a misdemeanor offense. The penalties are as follows:
- First Offense: A fine ranging from $250-$750.00, and the judge can choose to add jail time to the fine.
- Second Offense: The Court can levy a fine of $500-$1500, and the judge still has the option of ordering that the offender be incarcerated.
If you are the at-fault driver in an accident while driving without insurance, your license may be suspended indefinitely. You will also be footing the bill to defend yourself if the other driver decides to sue you for damages and if you are found liable, you will need to find a way to pay compensation for medical expenses and lost wages.
Wyoming No Fault Auto Insurance
At one point, Wyoming was a no-fault state, but this is no longer the case. If you are involved in a motor vehicle accident and you are considered to be at fault, then you (and your insurance company) are responsible for paying for any damages caused. Damages can include personal injuries or damage to property.
Wyoming Auto Insurance: Minimum Levels Of Coverage Required
Wyoming drivers are required to carry a minimum of $25,000 in bodily injury liability insurance. This pays for expenses incurred when a person is injured in an accident in a situation where you are at fault. The minimum level of insurance coverage required for all individuals injured in a single accident is $50,000.
In addition to insurance for bodily injury, drivers in Wyoming are required to have at least $20,000 in coverage for damage to property. Damage to property includes the cost of repairing the other driver's vehicle, as well as fixing a mailbox, sign, shed, garage, or other building.
Wyoming Auto Insurance: How Much Coverage Do You Need?
You may see these numbers expressed as 25/50/20. Do keep in mind that this is the minimum level of coverage you are required to carry by law. The reason you buy insurance is to protect your assets. If you don't have insurance (or adequate insurance) coverage in place, you will be responsible for paying for the other person's damages yourself.
Trying to figure out how much coverage to buy can be tricky, but the good news is that you don't need to go it alone. An independent insurance agent or your insurance company can help you to determine what level of coverage you need. Being overinsured is not a likely as being underinsured, and you will need to review your level of coverage at least once a year to make sure you have the protection you need.
Since costs for medical care are not going to decrease over time, you will want to make sure that the level of coverage you have keeps up with the cost of living. Your auto insurance policy will only pay out up to your policy limits. Any money owing above that amount is your responsibility. The money you pay for your insurance premiums is money well spent when you consider the consequences of not having this important coverage.
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Get the information you need to compare companies and decide on the right level of Wyoming auto insurance coverage right now by clicking on the free Wyoming car insurance quote tool at the top of this page.