Wyoming Car Insurance
Car insurance in the United States is based on a state centric set of laws so even if you are familiar with the laws relating to another state you may have been a resident in, don't just assume the same rules that apply in that state are identical in Wyoming. Of all the 50 states in America, they can be divided into 3 categories and they are known as either tort states, no-fault states or add-on states.
Tort states apply the following procedure, in the unfortunate event you have a car accident, you or the other party need to be identified as the party responsible for the accident. The other innocent party then files a suit to claim for payment for the costs they have incurred and the procedure continues to its eventual conclusion. The amounts payable according to the circumstances of the accident can vary tort state by tort state.
In no-fault states if you are involved in a car accident, your insurance policy will pay you up to the policy limits for damage your car has suffered regardless of fault, it is not possible to associate blame to the other party or parties nor can you file a law suit against them. The only source for compensation is your own insurance company. However, if the car insurance company believes it has a case to make a claim against the car insurance company of the other party, it may do so and if successful, it will receive compensation. The reaction to a driver who is found responsible for the accident will result in higher premiums being required when they need to review their policy. Add-on states include all the practices of no-fault states but do not limit the claimant in making additional lawsuits to recover more damages in the case of an accident.
Wyoming operates as a Tort state and makes certain minimum recommendations for minimum liability cover that is in line with insurance industry recommendations. These are a minimum of $ 100,000 per person involved in an accident and a minimum of $300,000 per incident. All drivers in Wyoming must hold a valid insurance policy that covers the minimum requirements from the auto insurance providers. In addition, there are requirements for driver liability; these minimums are $20,000 for each accident for damage to property, $25,000 for bodily injury to every person involved and $50,000 per accident for bodily injury. If you are concerned about being involved in an incident with an uninsured driver, you should check if your chosen Wyoming car insurance provider offers the option for additional coverage to ensure that all losses are covered.
An additional coverage that is attractive is to take Medical Payment Coverage also known as MPC, this cover will compensate you and your passengers for reasonable medical expenses you may incur as a result of the accident and this coverage is available regardless of fault. You should consider this option particularly if you do not have a health insurance policy, but you should also check your existing health insurance policy to see if this option is covered as it may be a useful supplement.
As Wyoming is a Tort state, you are liable for damages to your vehicle if you suffer an accident and even if you are not found to be at fault. In order to protect yourself from this situation, you should consider comprehensive cover, this is not mandatory but covers you for damages to your car including accidents in which you were not found to be at fault. In addition, being hit by a foreign object or a roll over or any accident where another vehicle was not involved, comprehensive insurance also covers you. Comprehensive insurance also includes coverage for other situations including hail or storm damage, flood or vandalism damage too as well as damage or destruction from fire. However, for older cars comprehensive insurance is probably not very economic. In general, the good advice is if you can afford it; insure your vehicle to the maximum possible for peace of mind. Take time to talk with insurance brokers to examine the best policy for you, your family and your vehicle. In addition, check out independent reviews of car insurers to see how good their services are.