Wyoming Car Insurance (WY)

The State of Wyoming requires that all car insurance policies sold to its residents include a certain level of liability coverage. The minimum level of bodily injury liability coverage is $25,000 for an individual and $50,000 for all persons in one accident. The minimum property damage liability required is $20,000. This insurance is meant to cover costs incurred by the other driver and passengers in an accident where you are at fault.

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Minimum Car Insurance Requirements in Wyoming (WY)

The bodily injury coverage means that your insurance company will pay up to $25,000 in injury-related costs for any one person in the vehicle that you hit. It will pay a maximum of $50,000 for medically related expenses of all passengers in that car. In addition it will cover up to $20,000 in repair or replacement costs for the other car.

These legal requirements do not limit your liability. By today's standards, the required minimums are not much protection against responsibility for medical costs or vehicle replacement resulting from a serious accident. For that reason, most people carry car insurance with much higher ceilings on their liability coverage.

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Additional Car Insurance Coverage options in Wyoming

Optional car insurance coverage includes collision and comprehensive coverage. These clauses are meant to pay for repairs to your car. Collision coverage pays your auto repair bill, up to the coverage limit, resulting from an accident that is your fault.

Comprehensive insurance pays for damage to your car from non-traffic related events such as storms, fires, theft, break-ins or vandalism. Both of these clauses have deductible payments attached to them. It is generally thought a good practice to opt for the highest deductible that you can afford in the case of an accident, as high deductibles will lower your insurance premium.

Another important insurance option is coverage for uninsured and underinsured motorists. This insurance is meant to cover expenses for you and your passengers should you collide with a driver that either has no insurance or whose coverage is inadequate to cover your expenses. Generally, this policy component is limited to bodily injury costs and does not include property damage coverage.

Medical payments insurance is also worth considering. This policy component covers injury-related costs to you and your passengers, regardless of who is at fault. It is an extra layer of protection from huge medical bills. It also will often cover such ancillary costs as wage loss and rehabilitation or in-home care.

Minor insurance policy riders include towing coverage, to pay for removal of your car from the accident scene, and rental reimbursement coverage, which will pay for temporary transportation while your car is in the shop.

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