Wyoming High Risk Auto Insurance
Wyoming has several different insurance companies licensed to underwrite and sell auto liability insurance policies in the state. Some of the companies most likely to offer high risk auto insurance policies in Wyoming include Direct, Progressive, Geico, Traveler's, Hartford, State Farm, and Nationwide.
In an effort to protect drivers on the roadways of Wyoming, the state has passed laws setting a minimum amount of liability insurance that drivers must maintain in order to drive legally in the state. These minimum required coverages are bodily injury liability of $25,000 on each covered individual to $50,000 per accident and property damage liability of $20,000.
Wyoming was once a no fault state when it came to dealing with accidents. This has changed in recent years, as Wyoming has adopted a tort system in its place whereby one driver in each accident will be found to be at fault and held financially responsible for all injuries and property damage incurred by other parties in the accident.
Drivers in Wyoming are required to carry proof of insurance in the vehicle at all times. They are also required to present this proof when registering a vehicle. Failure to show proof of insurance in the event of a traffic stop or an accident carries some sharp penalties. A first offense carries a fine of $250 - $750 with a slight chance of spending some time in jail. Second offenses carry a fine of $500 - $1500 with the possibility of jail. The fines just escalate from here and will undoubtedly result in the driver needing high risk auto insurance.