Wyoming Minimum Coverage Car Insurance: Requirements and Costs (November 2024)

Name: Wyoming Minimum Coverage Car Insurance: Requirements and Costs (November 2024)
Item: Wyoming Minimum Coverage Car Insurance: Requirements and Costs (November 2024)
Author: Mark Fitzpatrick

Wyoming's minimum coverage liability limits are 25/50/20. The average annual cost for state minimum car insurance in Wyoming is $266, or about $22 monthly.

By Mark Fitzpatrick

Reviewed by Mark Friedlander

Edited by Denise Cristobal

Updated: October 31, 2024

Advertising & Editorial Disclosure

Wyoming requires drivers to hold minimum car insurance coverage of $25,000 bodily injury liability per person, $50,000 per accident and $20,000 property damage liability per accident. As an at-fault state, Wyoming mandates that the driver responsible for an accident is accountable for covering damages. To learn more, explore Wyoming's minimum car insurance requirements.

The monthly cost of state minimum car insurance in Wyoming is around $22. While this provides basic coverage, understanding that Wyoming follows the at-fault system is crucial when choosing additional protection options. Check out the cheapest car insurance in Wyoming to ensure you obtain reliable and affordable coverage.

TABLE OF CONTENTS

Wyoming Minimum Coverage Requirements
Average Cost of Minimum Coverage Car Insurance in Wyoming
Cheapest Companies in Wyoming for Minimum Coverage
Add-On Coverages in Wyoming
Penalties for Driving Without Insurance in Wyoming
FAQ

Why Trust MoneyGeek? MoneyGeek analyzed data from Quadrant Information Services and the Wyoming Department of Insurance to give you the most accurate cost data for a range of Wyoming drivers.

These rates reflect the cost of minimum coverage car insurance requirements in Wyoming as of November 2024.

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Wyoming Minimum Coverage Car Insurance Requirements

In Wyoming, the state minimum car insurance coverage required for drivers to operate a vehicle legally includes:

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

Wyoming is a fault state, meaning the driver who caused the accident will be responsible for the damages. The at-fault driver's insurance coverage will be used to compensate the affected parties. This system can influence insurance premiums, as insurers may adjust rates based on the perceived risk of the policyholder being at fault in an accident.

ARE COLLISION AND COMPREHENSIVE COVERAGE REQUIRED IN WYOMING?

Wyoming does not mandate collision or comprehensive coverage as part of its minimum insurance requirements. However, financing or leasing companies typically require these coverages to protect their financial interest in your vehicle. Collision insurance covers damages from an accident, while comprehensive insurance protects against theft, vandalism and other non-collision events. In Wyoming, those who finance or lease a vehicle or wish to protect their investment in a newer car should secure collision or comprehensive insurance.

What Does Minimum Coverage Cover?

What Liability Insurance Covers	What Liability Insurance Doesn't Cover
Injuries to others if you are at fault in an accident	Your injuries
Damage to another person’s property if you are at fault in an accident	Damages to your car
Some coverage for injuries caused by uninsured/underinsured drivers, depending on your policy	Repairs for weather-related accidents or if you were hit by an animal
	Property damage caused by uninsured/underinsured drivers unless additional coverage is purchased

The table reflects Wyoming's minimum car insurance coverage requirements, including bodily injury and property damage liability. Remember, your policy's specifics are governed by its terms and conditions.

Average Cost of Minimum Coverage Car Insurance in Wyoming

While several factors influence the cost of minimum coverage auto insurance, age is the most significant. In Wyoming, individuals aged 22-29 pay the highest premiums due to higher perceived risks, including lesser driving experience and a statistically higher likelihood of accidents.

The table below displays the average minimum coverage cost in Wyoming for each age group, offering a clear view of how rates vary with age.


22-29	$291	$24
30-59	$266	$22
60 +	$269	$22

Cheapest Companies for Minimum Coverage Car Insurance in Wyoming

In Wyoming, GEICO and State Farm offer the lowest rates for state minimum car insurance.

GEICO: $176 per year; $15 per month
State Farm: $209 per year; $17 per month

Choosing affordable auto insurance coverage is crucial, but finding the best car insurance in Wyoming means considering all factors to ensure adequate protection and value.

Data filtered by:Results filtered by:

Age Group:

Age Group:30-59


GEICO	$176	$15
State Farm	$209	$17
Farmers	$267	$22
Allstate	$413	$34

Optional Add-On Coverages in Wyoming

In Wyoming, drivers can choose optional add-on coverages such as comprehensive, collision, uninsured/underinsured motorist, medical payments and rental reimbursement. These add-ons offer financial protection against incidents like theft, accidents with uninsured drivers and vehicle repairs, going beyond what state minimum coverage provides. Understanding how much car insurance you need can help you select the right coverages for your situation.

Add-On Coverage	What It Covers	What It Doesn't Cover
Uninsured/Underinsured Motorist Coverage	Medical expenses, lost wages and repair costs if you're hit by a driver with no or insufficient insurance.	Damage to your vehicle if you are at fault or damages that exceed policy limits.
Personal Injury Protection (PIP)	Medical expenses, lost income and funeral costs for you or your passengers, regardless of who's at fault.	Vehicle damage or injuries to the other driver.
Roadside Assistance	Services like towing, flat tire changes and jump-starts when your car breaks down.	Cost of parts or repairs needed after the tow.
Gap Insurance	Pays the difference between your car's current value and what you still owe if it's totaled or stolen.	Vehicle depreciation or overdue loan payments.
Rental Car Reimbursement	The cost of a rental car while your vehicle is being repaired after a covered event.	Fuel, insurance or other rental extras.
Collision Coverage	Repairs to your car after an accident, regardless of fault.	Damage due to theft, vandalism or natural disasters.
Comprehensive Coverage	Repairs to non-collision damages from events like theft, fire or hail.	Damages from a collision or personal injuries.
Towing and Labor Coverage	Towing and basic roadside assistance labor costs at the vehicle's breakdown site.	More extensive repairs needed at a garage.
Custom Parts and Equipment Coverage	Safeguards aftermarket enhancements like custom wheels or stereo systems.	Original parts that came with your vehicle.
Accidental Death Coverage	Offers a payout if you or a passenger dies or experiences certain injuries in a car accident.	Non-accidental death or injuries.
Classic Car Insurance	Agreed-upon values for your unique vehicle, tailored for vintage or collector cars.	Regular use, like your daily commute.

Penalties for Driving Without Insurance in Wyoming

The cost of a ticket for driving without insurance in Wyoming varies based on whether it's a first offense or a repeat violation. For first-time offenders, the penalties can be less severe. However, those with prior incidents may face steeper consequences. Penalties for driving uninsured in Wyoming include:

Fines: First-time offenders receive a fine, which increases for subsequent offenses.
Jail time: Repeat offenders risk facing jail time.
License suspension: Your driving privileges can be suspended, and a reinstatement fee is required to regain them.
Vehicle registration suspension: The state may suspend your car’s registration.
SR-22 requirement: You might need to file an SR-22, a certificate proving that you have the minimum coverage auto insurance.

Driving without insurance risks financial penalties, loss of driving privileges and even jail time, which highlights the importance of maintaining at least the minimum coverage auto insurance

What to Do if Your Policy Is Canceled

If your car insurance policy is canceled in Wyoming, you should immediately stop driving and seek a new policy, as driving uninsured is illegal. Contact an insurance agent or company to discuss options or why your policy was canceled.

Your insurance company will likely inform the Wyoming Department of Transportation (WYDOT) if your policy is canceled. If caught driving without insurance, you could face fines, vehicle impoundment or even license suspension.

To obtain coverage after cancellation, drivers can explore different insurance providers. You can also consider Wyoming's Automobile Insurance Plan, designed for those with difficulty acquiring insurance due to a high-risk profile. It's essential to secure at least the state minimum coverage to drive legally in Wyoming.

WHY WAS MY POLICY CANCELED?

Your car insurance policy in Wyoming may have been canceled for a few reasons:

Non-Payment: If you missed paying your premiums, the insurance company might cancel your coverage.
License Suspension: If your driver's license gets suspended, insurers might terminate your policy.
Fraud: Providing false information or committing insurance fraud can lead to cancellation.
High Risk: Accumulating too many traffic violations or accidents may classify you as high-risk, prompting cancellation.
Policy Violation: If you violate any insurance contract terms, the company may cancel your policy.

Maintaining continuous coverage is important to avoid higher rates in the future and to stay legally insured.

FAQ: Wyoming Minimum Coverage Car Insurance

Understanding Wyoming's minimum car insurance requirements is important for all drivers looking to stay compliant with state laws. Here are the answers to frequently asked questions about the coverage you need in Wyoming.

What is the minimum car insurance coverage in Wyoming?

In Wyoming, the minimum coverage auto insurance consists of $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $20,000 for property damage per accident. This coverage is a legal requirement in the state.

Why does Wyoming require minimum automobile liability coverage for motorists?

Wyoming mandates minimum coverage auto insurance to ensure drivers can cover damages or injuries they may cause in an accident. This coverage helps protect all road users from the significant costs associated with collisions. By having minimum liability coverage, motorists can provide compensation for others' vehicle repairs and medical expenses.

Do you need comprehensive insurance in Wyoming?

While Wyoming does not mandate that you carry comprehensive insurance, it can be a smart financial decision if you wish to protect your vehicle from damages not caused by collisions. This coverage applies to instances such as theft, vandalism and natural disasters.

What happens if you drive uninsured in Wyoming?

Driving uninsured in Wyoming can lead to significant penalties. If caught, you may face fines of up to $750 for a first offense and up to $1,500 for subsequent offenses within three years. You could also receive up to six months of jail time, and your license can be suspended.

About Mark Fitzpatrick

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

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