Wyoming Auto Insurance

Auto insurance in Wyoming

The acquisition of auto insurance is regulated by modern laws, helping vehicle owners and implicitly drivers stay protected in case of accident. Whether the vehicle is used for personal or professional purposes, having insurance should not be perceived as something optional. If the insurance policy is not purchased, the vehicle owners are liable for fines of up to $1,000 or might have their driver's license or vehicle registration suspended. The suspension can last up to six months but might be extended in certain situations. If you are looking to discover more information on the topic of auto insurance in Wyoming, just keep on reading this article.

What type of car insurance do you legally need in Wyoming?

According to the Mandatory Liability Insurance Act, all Wyoming residents who intend to operate a moving vehicle must purchase a valid insurance policy. If the mandatory insurance is not acquired, the associated vehicle registration might be suspended for several months or more. An online insurance verification system allows the local authorities to determine whether a vehicle is insured or not.

For a resident to operate a vehicle in the state of Wyoming, the associated car insurance must meet several requirements. These include: bodily injury liability ($50,000 per accident and $25,000 per person), property damage liability ($20,000 per accident), uninsured motorist bodily injury ($50,000 per accident and $25,000 per person). The full coverage insurance is better than the minimum liability coverage, as you can add options such as comprehensive and collision insurance. It is recommended to opt for a higher liability coverage limit than the one imposed by law in Wyoming. In this way, you will be protected, should the worst-case scenario occur.

The sums previously mentioned refer to the amount insurance providers are able to pay, should one be involved in an accident for which he/she is at fault. According to modern laws, vehicle owners are obliged to carry a copy of their insurance policy while driving. Naturally, it is illegal to drive without insurance in Wyoming. Consequences include not only legal fines but also the suspension of driving documents, such as the driver's license and vehicle registration. If one continues to drive without a valid insurance policy, jail time might be legally enforced.

Average cost of auto insurance in Wyoming

The state minimum auto insurance policy in Wyoming has a value of $325. However, a full coverage insurance policy has an average value of $1,528 per year. Collision and comprehensive coverages are not always included in this policy, which means you will have to calculate your budget accordingly. Several factors influence the overall insurance rates, including: type of vehicle, presence of prior insurance, number of miles driven, location, driving record, age, gender, and marital status. The best thing to do is opt for an insurance policy with a wide coverage, as opposed to the ones that are suspiciously affordable.

Everyone knows that the average cost of car insurance varies from one state to the other. Such differences are present for both the minimum and full coverage, including when it comes to options such as comprehensive and collision insurance. The factors influencing these values might include: accidents caused by weather elements or conditions, at-fault accidents, number of drivers in accordance with the general population, how many uninsured drivers there are in the city, road conditions.

Wyoming has a lower rate for the average car insurance than the national median, which is around $1,770. The states with the most expensive policies include: Pennsylvania, New York, Nevada, Michigan, Louisiana, Florida, Colorado, and California. As for the most affordable states, these are: Wisconsin, Washington, Tennessee, Oregon, North Dakota, New Mexico, Nebraska, and Maine. New York is among the most expensive states, with $1,339 for the minimum coverage and $2,996 for the full one. Maine, on the other hand, is the most affordable, with $227 for the minimum coverage and $876 for the full version.

Within the state of Wyoming, you might also notice differences between the various cities. Casper has some of the most affordable rates to offer, while Gillette stands at the top of the list in terms of costs. The average annual premiums are as follows: Casper - $1,538; Rock Springs - $1,577; Cheyenne – $1,584; Laramie - $1,610; Gillette - $1,624.

The driver's age represents one of the primary factors influencing the value of auto insurance. This type of insurance costs more for young drivers, as they are seen by insurance companies as irresponsible and immature. A teenage driver must cover an annual premium of over $7,700, while a middle-aged driver might expect for his or her premium to be close to $2,000. There are also slight differences between genders, with women having to pay higher rates. Married couples have access to the most affordable coverages, as opposed to those who are single, divorced, or widowed.

The driver's credit history is one of the other major factors influencing the value of a potential coverage policy. Drivers with exceptional credit can save significant sums on their car insurance premiums, in contrast to those with a poor credit history, who might struggle to meet the high rates. Prior driving offenses, such as DUI or DWI, reckless driving, at-fault accidents, speeding, will increase the overall insurance rates to be paid. The type of coverage will influence the insurance rates as well. Drivers can add both comprehensive and collision to the state minimum policy, which is a significant advantage to consider.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Wyoming. Find car insurance in Wyoming by city, zip code or county name.

Finding the right auto insurance in Wyoming

If you need help finding the right insurance policy, perhaps you might consider our expert assistance. Thanks to our experience in the field of auto insurance, we are more than pleased to match vehicle owners with the best policies for their needs and budget. All you have to do is give us a call and we will offer all the support you might need. This service is 100% free.