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Home Insurance and Car Insurance in Wyoming
Home and auto insurance are important purchases for anyone who owns a car or house in the state of Wyoming. But how do you know what kind of home or auto coverage to purchase? More importantly, how can you ensure you receive the right coverage for your needs at an affordable price? At SelectQuote, we help our customers find coverage that meets their needs and budget. Whether you’re a first-time home buyer or a high-risk auto insurance customer seeking an affordable policy to meet legal requirements, we can help. In this guide, we’ll look at some of the best ways to shop for and save money on home and car insurance in Wyoming, including bundling coverage to receive as much of a discount as possible.Homeowners Insurance in Wyoming
Home insurance is not a legal requirement in Wyoming, but residents of the Equality State need to consider buying it for several reasons. For one, it’s a sound way to protect your investment in your property. For another, it can help replace your dwelling in the case of a catastrophe.Most home mortgage companies require you to purchase home insurance as a condition for your loan. For this reason, it’s important to understand the distinction between full replacement cost and cash value. Cash value pays out the current appraised cash value of your home. Full replacement cost will pay to rebuild, regardless of increasing costs in materials or labor.
Homeowners Insurance Coverage Options in Wyoming
While it’s not a legal requirement to purchase home insurance in Wyoming, it’s still a good idea. Like many other states, Wyoming homeowners should purchase a policy that includes at the following types of home insurance coverage:- Dwelling coverage: This covers the structure of your home, including walls, roof and built-in appliances.
- Personal property coverage: This protects your personal belongings inside the home such as furniture, electronics, and clothing.
- Liability protection: This covers legal expenses if someone is injured on your property and decides to sue.
- Additional living expenses (ALE): If a disaster makes your home uninhabitable, this coverage would pay for your additional living costs.
- Medical payments coverage: This pays for medical bills if someone gets injured on your property, regardless of who’s at fault.
- Other structures coverage: This provides protection for structures not attached to your house, like a garage or shed.
- Loss of use coverage: This pays for additional living expenses if your home becomes uninhabitable due to a covered loss.
Common Causes of Loss in Wyoming
Wyoming homes are particularly susceptible to different types of damage. Wildfires, heavy snows and thunderstorms with strong winds can cause massive issues for your dwelling or other structures on your property. Common causes of loss in Wyoming can include, but aren’t limited to:- Wind and hail damage: Wyoming experiences strong winds and hailstorms that can cause significant damage to homes.
- Fire: Wildfires can occur in Wyoming, especially during dry seasons. Fire can cause severe destruction to homes.
- Theft and vandalism: Home insurance typically covers theft of personal property and vandalism.
- Lightning strikes: Lightning can cause fires or damage to electrical systems in a home.
- Water damage: This could be from burst pipes or water heater leaks. However, it’s crucial to note that flood damage from natural disasters is not typically covered under standard home insurance policies.
- Smoke damage: If a fire occurs, smoke can cause substantial damage to both the structure of the home and personal belongings.
- Falling objects: This includes things like tree branches falling on your home due to high winds or heavy snow.
Additional Coverage Options Recommended for Wyoming Homeowners
Even with a robust home insurance policy, there are times when your basic homeowners insurance may not actually provide protection for all hazards. Wyoming homeowners might want to explore additional coverage that includes, but isn’t limited to, the following:- Flood insurance: Most home insurance policies do not cover floods. For that kind of insurance, you’ll need to buy specific flood insurance through the National Flood Insurance Program.
- Sinkhole insurance: Sinkholes are a random occurrence throughout much of Wyoming. You may purchase insurance coverage either as an endorsement or a standalone policy. Coverage varies based on location and insurance carrier. If this is an important protection for you, take a good look at your policy to ensure coverage.
Our Home Insurance Companies in Wyoming
SelectQuote partners with some of the highest rated home and auto insurance companies in Wyoming and other states to help you find coverage. We compare prices and policies from different insurers at once to narrow down the best options to meet your unique homeowners policy needs.What is the average home insurance cost in Wyoming?
The average monthly premium for SelectQuote customers in Wyoming is $126.48+. That rate can vary, however, based on several details like location, size and age of your home, credit history, deductible and overall coverage limit.Homeowners Insurance Discounts in Wyoming
Wyoming is no stranger to potential discounts for home insurance. You can save money on your homeowners policy by taking steps to reduce your risk of filing a claim, whether that’s through installing an alarm system and weather-proofing your home, or simply becoming a new customer. Some insurers provide discounts for people with specific careers, and others consider offering them to new homeowners or for those who have purchased a recently built dwelling.Of course, one of the best ways to save money on insurance coverage is to bundle your homeowners policy with another type of coverage.Bundle Your Home and Auto Insurance to Save Money
When you bundle your home and auto insurance coverage after shopping with SelectQuote, you can see significant savings on your insurance costs. Bundling home and auto insurance policies through SelectQuote can save you an average of nearly $700 per year.Average Home and Auto Insurance Rates in Wyoming
The following table lists real average monthly rates for home and auto insurance paid by SelectQuote customers in the four busiest cities in the state. Remember: your rate will vary based on factors like location, credit rating, age of your home or vehicle and more.| City | Avg. Monthly Home Insurance Rate | Avg. Monthly Auto Insurance Rate | Avg. Monthly Rate of Bundled Policies |
| Casper | $121.92 | $93.59 | $187.54 |
| Cheyenne | $128.87 | $87.56 | $198.97 |
| Gillette | $179.82 | $124.49 | $294.56 |
| Rock Springs | $61.27 | $100.45 | $180.37 |
Average monthly rates are from effective SelectQuote customer policies between 4/1/2022 and 3/31/2023.
Auto Insurance in Wyoming
Much like homeowners coverage, auto insurance is a necessity for Wyoming drivers. Car insurance helps pay for damage to your vehicle after an accident, but it also protects you from financial liability if your car injures someone else or damages their property. SelectQuote can help you find affordable car insurance that meets legal requirements, and we can compare rates from several carriers at once to ensure you find the best price.Wyoming Auto Insurance Laws and Requirements
Wyoming, like all other states, requires drivers to carry auto insurance. The minimum legal requirements for coverage are as follows:- Bodily Injury Liability: This helps cover costs associated with injuries to other people in an accident you’re responsible for. The minimum limits are $25,000 per person and $50,000 per accident.
- Property Damage Liability: This covers costs associated with damage to another person’s property (like their car) in an accident you’re at fault for. The minimum limit is $20,000 per accident.
- Uninsured/Underinsured Motorist Coverage: This helps cover your medical expenses if you’re hit by a driver who doesn’t have insurance or whose insurance isn’t enough to cover your costs. However, this coverage is not mandatory in Wyoming.
- Collision Coverage: This covers damage to your own vehicle in the event of a collision with another vehicle or object, regardless of who is at fault.
- Comprehensive Coverage: This provides coverage for damages caused by events other than a collision, such as theft, fire, vandalism, or natural disasters like hail or flood.
- Medical Payments Coverage: This can help pay for medical expenses for you and your passengers, regardless of who is at fault in an accident.
- Rental Reimbursement Coverage: If your car is being repaired as part of a comprehensive or collision insurance claim, this coverage can help pay for a rental car.
- Towing and Labor Cost Coverage: Also known as roadside assistance, this coverage can help cover the costs if you need a tow, a tire change, lockout service or other types of roadside assistance.
- Gap Insurance: If your car is totaled in an accident, gap insurance can help pay off the balance of your loan or lease if it’s more than what your car is worth.
| Types of Coverage | Minimum State Requires |
| Bodily Injury Liability | $30,000 per person / $60,000 per accident |
| Property Damage Liability | $25,000 |
| Uninsured Motorist | Not required |
| Underinsured Motorist | Not required |
| Personal Injury Protection | Not required |
| Collision | Not required |
| Comprehensive | Not required |
Wyoming Teen Driving Laws
In Wyoming, teen driving laws follow a Graduated Driver Licensing (GDL) system which is designed to help young drivers gain skills and experience before obtaining their full driver’s license.The process begins when the teen turns 15, at which point they can apply for a learner’s permit. To do so, they must pass a written test, a vision screening and a driving skills test. Applicants under 18 years of age must also have a release signed by a legal parent or guardian.Once they have their learner’s permit, teens are required to practice driving under certain restrictions. For example, they may only be allowed to drive with a licensed adult in the car.After holding the learner’s permit for a certain period, the teen can then apply for an intermediate permit, also referred to as a graduated driver license. This permit comes with fewer restrictions and allows the teen to gain more independent driving experience.Understanding these laws is essential not only for safety but also for insurance purposes. Auto insurance providers often take these laws and the driver’s level of experience into account when determining coverage and rates.Wyoming Car Registration Information
In Wyoming, standard license plates and vehicle registrations are obtained through the local county treasurer’s office in the county seat of the county of residence. You must provide proof of ownership, your driver’s license and proof of auto insurance.If you’re a new resident and are employed in Wyoming, you must register your out-of-state car. Failing to properly register a vehicle is a misdemeanor with a fine of up to $750. Anyone employed longer than 120 days must obtain Wyoming license plates.When buying a first-time registration or renewing your current vehicle’s registration, the treasurer’s office is the place to go.What is the average car insurance cost in Wyoming?
SelectQuote’s Wyoming customers pay an average monthly premium of $108.57+. That number varies, however, based on factors such as your vehicle’s age, your driving record, where you live, your credit score and the number of previous auto claims. Many insurers will offer discounts for customer loyalty, having no accidents, your profession and bundling your policy with another type of insurance.Our Auto Insurance Companies in Wyoming
SelectQuote works with highly rated auto insurance companies in Wyoming and other states to help you shop for coverage. We compare rates from several different carriers at once to find you the best possible deal on the insurance policy you need.Home and Auto Insurance Frequently Asked Questions
Below you’ll find some of the most frequent questions SelectQuote hears when helping people in Wyoming shop for home and auto coverage.What are some examples of Wyoming insurance laws?
Wyoming has several insurance laws that are designed to protect both the consumer and the insurer. Here are a few examples:
- Minimum auto insurance requirements: Wyoming law requires all drivers to carry a minimum amount of auto insurance. This includes $25,000 for bodily injury per person, $50,000 for total bodily injury if multiple people are hurt in the accident and $20,000 for property damage.
- Proof of financial responsibility: Under Wyoming law, drivers must provide proof of financial responsibility, typically through an auto insurance policy. Failure to provide proof within 30 days after notification can result in the suspension of the driver’s license.
Do I need renters insurance in Wyoming?
While renters insurance is not a legal requirement in Wyoming, most real estate companies and property management firms do expect you to carry it as a condition of leasing an apartment. Renters insurance is a valuable, affordable type of coverage that can protect your personal property if something happens to your apartment or rental home.
Do I need mobile home insurance in Wyoming?
Most mobile homes are not covered by traditional home insurance policies because they are subject to greater risk of fire and wind damage. However, there are insurance carriers who offer mobile home coverage that protects these dwellings specifically.
Is Wyoming a no-fault state for auto insurance?
No, Wyoming is not a no-fault state for auto insurance. It is an “at-fault” or “tort” state, meaning the person who is at fault for causing a car accident is responsible for any resulting harm. Therefore, the driver at fault, or their insurance company, is typically responsible for compensating anyone injured in the accident or whose property is damaged.
SelectQuote Can Shop Wyoming Home or Auto Insurance to Save You Time and Money
Shopping for home and auto insurance coverage can feel overwhelming, but it doesn’t have to. When you let SelectQuote handle the heavy lifting, we make it simple. Let us compare prices from several different home and auto insurers at once to find you the best possible rate. We shop for all eligible discounts and present the savings to you. Don’t forget: most people can save hundreds of dollars when they bundle their home and auto coverage together.Sources+Average rates calculated are based on effective SelectQuote customer policies in Wyoming between 4/1/2022 and 3/31/2023. Rates will vary based on level of coverage, location, age, and additional determining factors.
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