Cheap Auto Insurance Quotes In Wyoming
Even though Wyoming automobile insurance rates have seen a 2% increase this year, the average automobile insurance policy in WY is still $130 below the national average. To find cheap auto insurance in Wyoming, look into numerous insurance companies and compare each quote. Once a low rate is found, don’t forget to look into the company providing it.
The only mandatory automobile insurance in WY is liability. The required minimum limit amounts are: $25,000 for injuries to each person; $50,000 for total injuries for each accident; $20,000 for property damage. Some people choose to buy higher levels of protection beyond the state required amounts. This may be an extremely prudent thing to do if you own various assets, such as a home. Financial experts and insurance experts recommend setting liability levels at $100,000/$300,000/$100,000.
Let’s take a look at some other facts and figures concerning car insurance prices in Wyoming:
- WY is a tort state, as are the majority of other U.S. states. The other system commonly used is PIP (also known as no-fault). With a tort system (as in WY), one of the drivers has to be found at-fault for causing an accident. The driver determined to be at-fault will be responsible, along with their insurer for compensating the victim(s). The insurer will only be required to pay the maximum limit that was set by the policyholder. Everything over that amount will be up to the at-fault driver to pay.
- Even motorists that drive older model cars may be paying higher rates for vehicle insurance. One reason for this is that their vehicle may be one of the top 10 most stolen vehicles in the state, and thieves target older model cars to sell parts from. In Wyoming, the top 10 most stolen vehicles (not in any particular order) are the following: 2001 Dodge Ram Pickup; 2001 Ford F350 Series; 1999 Pontiac Grand Prix; 1997 Ford F150 Series; 1992 Ford Ranger; 2003 Ford Taurus; 2000 Chevrolet Full Size C/K 1500 Pickup; 1989 Honda Accord; 1999 Ford Explorer; 2006 Chevrolet Full Size C/K 2500 Pickup.
- Wyoming has a rather small average commute time by vehicle to work. Residents here spend about 15 minutes driving one way to work.
The optional coverage that can be purchased in WY includes: collision, comprehensive, uninsured motorist, underinsured motorist, personal injury protection, medical payments, gap coverage, rental car reimbursement, and towing/labor. To decide if any of these would be beneficial for your personal needs, consider speaking with an insurance specialist.
If you already know the types of coverage that you require and are ready to buy, consider using websites that offer cheap auto insurance quotes, where you can obtain an array of quotes at once. Then again, you can look for an insurance broker who can do the research for you, most likely for a fee. Usually, they will only provide you with a fraction of the quotes that you can get on your own. The more quotes you receive, the better your chances of finding low cost auto insurance in WY.
