A Guide to Auto Insurance in Wyoming (WY)

One of the most important things to understand about Wyoming auto insurance is that you must have it before you can register the vehicle and be legally able to drive it in the state of Wyoming. A lot of individuals don't know this and end up wasting time going to the DMV only to be turned away. This alone can save you time, gas, and the irritation of having to wait in line all over again.

However, this is pretty much a moot point in comparison to all the rules and regulations that come with Wyoming auto insurance. It's important to understand them all before obtaining a policy. This way you have the best policy for your vehicle, and one that will be sufficient enough for the state laws. Today we want to help you get a better understanding of the requirements in your state.


The Initial Wyoming Auto Insurance Coverage That You Need

There are a lot of individuals who don't want to get Wyoming auto insurance, because it's an extra expense, and often a considerable one. However, if you are involved in an accident then the costs are likely to be dramatically high if you personally have to pay them, and if liability is involved it could foreseeably bankrupt you. So it is a must to get proper cover.

While the expense is a certain reality you are better off biting the bullet and making a monthly insurance payment or paying your premium in full. It alleviates all the fines, accrued points on your license, and even jail time in some instances that otherwise you are running the risk of, and ensures that if you are in an accident you have some financial backing.

The state of Wyoming requires you to at least have liability coverage if you're going to drive a vehicle in the state.

Your minimum requirements are:

* $25,000 per person for bodily injury
* $50,000 per accident for bodily injury
* $20,000 for property damage

You will notice that the property damage is $10,000 higher than most of the standard requirements in other states. So what does this mean? Well, you're going to have to pay a little more for your premium, but not by much. Even though these are the state minimums, Wyoming auto insurance is setup through a Tort system. Since this is the case it's highly recommended that you raise these minimums as high as you can while still making it affordable.


What is a Tort System As It Relates to Wyoming Auto Insurance Cover?

The easiest way to explain it is that if you get into an accident with another driver; someone has to be at fault. If you are cited as the "cause," then your Wyoming auto insurance policy will have to cover your damages as well as the other driver's damages. This means that instead of covering one car and personal injuries, you could be covering multiple ones.

So before you purchase Wyoming auto insurance with just the standard minimums we suggest you reconsider. If by chance you stick with the minimums and you're at fault, whatever isn't covered will have to come out of your own pocket. If you don't have it then the other driver(s) will most likely take you to court. This means attorney's fees, time wasted in a court, and nothing but tons of stress throughout the entire process.

If on the other hand you have in mind that this could potentially happen BEFORE you buy the policy, then you can simply take out extra cover to ensure that even in the worst case scenario (which you being held to be liable for any accident would be); you would still have enough cover in place to pay out, without it having to come from your own pocket.


Saving Money on your Wyoming Auto Insurance Policy

Since we're recommending that you raise the overall amounts of your liability coverage and obtain underinsured/uninsured motorist coverage; it's important to pass along a few money saving tips.

One of them is paying your premium in full. You can save $100 or more on your Wyoming auto insurance just by taking this approach. Other methods that can help to save additional money on premium costs would include:

1/ Raising the deductible
2/ Not filing any claims over a certain period of time and hence getting a no-claims discount.
3/ Taking your search to the Internet and comparing multiple Wyoming Auto Insurance Quotes at the same time so that you can see quickly which of them offers the best deal.

Make sure you do your research and not only will you have the right Wyoming auto insurance plan that adheres to all the state laws. You will also end up with a policy that is of practical use if you should end up having to make a claim on it.

Get started now by getting a few quotes and seeing what is on offer.



 

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