Car Insurance in Laramie, WY

Even the best drivers can be involved in collisions. That is why Wyoming law requires vehicle owners to have car insurance. A good auto insurance policy can save you from facing large financial losses in the wake of an accident like a multi-car collision on Interstate 80 or a fender bender on Grand Avenue.

Finding the best and most affordable car insurance is easy when you work with a local independent agent. These agents can help you obtain and compare customized quotes from some of the area's most highly rated insurance companies. Contact an independent insurance agent near you to get started.

How Much Does Car Insurance Cost in Laramie, WY?

The average cost of car insurance in Wyoming is a bit higher than the national average. Shopping around for the best rate has the potential to save you hundreds of dollars a year.

• National average annual car insurance cost: $1,311
• Wyoming's average annual car insurance cost: $1,371

Of course, an average rate can only give you a general idea of what you might be asked to pay. Car insurance costs can vary from one driver to the next because they are based on several factors such as:

• Your vehicle's make, model, year, and condition
• Your age, occupation, marital status, and driving record
• Information about any other licensed drivers in your household
• Whether you own or rent your home
• The amount of liability coverage you are purchasing
• The coverage options you want to include in your policy
• The size of your deductible

Most insurance companies offer considerable rate reductions if you bundle your car insurance with other policies like home insurance or renters insurance. Additional car insurance discount opportunities are usually available, such as lower rates for safe drivers, military service members, and good students.

Independent agents can ensure that you get your coverage at a competitive price and receive all available discounts for which you qualify.

Is Car Insurance Required in Laramie, WY?

Wyoming state law mandates that vehicle owners in Laramie must carry a car insurance policy that meets or exceeds the state's minimum coverage requirements. This means you must have a policy that includes:

• Liability insurance: This is designed to cover other people's property damage and medical bills if you are at fault for a collision. Your policy must include at least:
  • $25,000 in bodily injury liability per person
  • $50,000 in bodily injury liability per accident
  • $20,000 in property damage liability per accident

Many Laramie drivers opt to purchase car insurance with higher liability limits than the state requires.

If you have a lot to lose and want even more liability coverage than your car insurance policy can provide, buying an umbrella insurance policy is an affordable way to significantly boost all your personal liability coverage.

Furthermore, although the state does not require it, if you are leasing or financing your car, you will most likely be required by your dealership or lender to carry physical damage coverage. This is designed to cover repair or replacement costs if your vehicle is damaged. It includes:

• Collision coverage: This covers the cost to repair or replace your vehicle if it is damaged or totaled in a collision, regardless of fault.
• Comprehensive coverage: This covers the cost to repair or replace your vehicle if it is damaged or totaled by a non-collision event such as a hailstorm or theft.

If you own your vehicle outright, physical damage coverage is optional.

What Else Does Car Insurance Cover in Laramie, WY?

In addition to the coverage mentioned above, your car insurance provider will offer various coverage options. You may want to include some or all of them in your auto insurance policy. Coverage options that Laramie residents frequently purchase include:

• Uninsured motorist insurance: This covers property damage and medical treatment for you and your passengers if you are in a collision caused by an uninsured, underinsured, or hit-and-run driver.
• Medical payments coverage: This helps to cover the cost of medical treatment if you or your passengers are injured in a collision, regardless of fault. It is mainly designed to pay for things your health insurance may not, like ambulance rides, deductibles, and copays.
• Glass replacement coverage: This can cover the cost of replacing the safety glass in your car's windshield, windows, and sunroof if it is cracked or damaged.
• Roadside assistance and towing: This covers service costs if your car breaks down, such as if your engine overheats or you get a flat tire.
• Gap insurance: This can pay off your car loan or buy out your lease if your vehicle is totaled in a covered event and you still owe more than it is worth.

Reviewing coverage details and costs of all your available options can help you determine which, if any, are a good fit for you and your family.

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What Is the Penalty for Driving without Insurance in Laramie, WY?

In Wyoming, driving without insurance is a misdemeanor. If caught, you can face penalties including:

• Fines ranging from $250 to $1,500
• Up to six months in jail
• The suspension of your driver's license until you provide proof of insurance
• A reinstatement fee of $50 to get your driving privileges back
• The confiscation of your vehicle's registration and plates if it is not your first offense
• The requirement to maintain an SR-22 proof of coverage with the WY Department of Transportation for three years
• Higher car insurance rates

Fortunately, the uninsured driver rate in Wyoming is significantly lower than the national rate.

• Percentage of US drivers who are uninsured: 13.0%
• Percentage of Wyoming drivers who are uninsured: 7.8%

If you are in a collision caused by an uninsured driver, that person is responsible for compensating you and your passengers for any property damage and injuries you may sustain. However, this money can often be challenging to collect.

Uninsured motorist insurance was created to ensure that you can quickly receive coverage for the treatment of your injuries without the need to go through lengthy legal channels. Learn more about this optional coverage by talking to an independent insurance agent.

How High Is the Auto Theft Rate in Laramie, WY?

The auto theft rate in Wyoming is similar to the national rate. In Laramie, the risk is much lower. Residents of this city report an average of about 19 stolen vehicles a year.

• National auto theft rate per 1,000 vehicles: 2.29
• Wyoming auto theft rate per 1,000 vehicles: 2.12
• Laramie auto theft rate per 1,000 vehicles: 0.49

Even though your risk is low, you should be aware that you can only be compensated for a stolen vehicle if your car insurance policy includes comprehensive coverage.

What Are the Best Car Insurance Companies in Laramie, WY?

Qualities that make an insurance company stand out as superior to others include a long history of responsive customer service, reliable coverage, rapid claims processing, and affordable rates.

Independent insurance agents have teamed up with some of the best car insurance companies in Wyoming. This lets you be sure that any policies your agent recommends are offered by insurance companies you can count on if you need to file a claim.

How Can an Independent Agent in Laramie, WY Help Me Find the Best Car Insurance Policy?

When you are looking for the best auto insurance to meet your coverage and budgetary needs, an independent agent in Laramie can help. These agents work for you, not for a particular insurance company. This means they are free to shop around to find you a suitable policy at a competitive price.

Find an independent insurance agent near you to get more information and to start comparing customized car insurance quotes from some of Wyoming's best insurance companies.