If you are a Wyoming motorcyclist, you must meet the state’s minimum insurance requirements. All motorists, including drivers of passenger vehicles and motorcycles, must hold a minimum amount of liability insurance. Failing to meet this requirement can result in several penalties.
Read on to learn the Wyoming motorcycle insurance requirements.
Is Auto Insurance Required for Motorcycles?
Motorcycle insurance is required in Wyoming. As a result, if you plan to ride your motorcycle on the road, you must first obtain adequate liability coverage through your insurance provider.
Minimum Auto Insurance Requirements in Wyoming
The Wyoming government requires motorcyclists to hold liability insurance. This insurance can cover medical expenses and property damage for the other driver in an accident in which you are at fault. For example, if you hit another driver on your motorcycle and they experience injuries, your liability insurance will pay for their expenses.
Wyoming only requires motorcyclists to obtain a minimum amount of liability coverage. As a result, your motorcycle insurance policy needs to include at least the following coverage:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage per accident
However, you may want to obtain coverage beyond these minimums. If you are at fault for a severe, expensive accident, these minimums may not cover all the expenses the other driver incurs. As a result, the driver can take you to court to obtain the rest of the money out of your pocket.
When you work with an insurance company, it will already know the minimum insurance coverage you need to hold for each of your vehicles. Your insurer can inform you about these minimums and ensure that your policy adheres to Wyoming motorcycle insurance requirements.
Penalties for Failure to Meet Insurance Requirements
Some motorists believe that no one will ever find out if they do not purchase the necessary insurance. However, if you ever get pulled over on your motorcycle, the officer will ask to see your insurance. Failing to provide proof of insurance can result in a few different penalties.
First, you may receive a traffic violation, which can lead to points on your license. Depending on the number of violations you have received in the past, you can have your license suspended.
However, not having the proper insurance coverage can also be expensive. If you are ever at fault for an accident and do not have liability insurance, you may need to pay for the other driver’s damages out of pocket. Failing to cooperate can also lead to a costly lawsuit.
Other Types of Insurance Coverage to Consider
While having liability insurance is important, we recommend purchasing other types of motorcycle coverage as well. Having the right insurance coverage in place can help you pay to repair your motorcycle if it ever becomes damaged. Your insurance can also cover your medical bills after an accident.
Here are a few types of insurance coverage you may want to add to your policy:
- Collision coverage: Covers physical damage from a collision with another vehicle or object
- Comprehensive coverage: Pays to repair motorcycle damage from a cause other than an accident, such as a natural disaster, vandalism, or theft
- OEM endorsement: Pays for your motorcycle to be repaired with new OEM parts after a covered accident
- Custom equipment: Covers the aftermarket parts and equipment you have installed on your motorcycle since purchasing it
Overall, adhering to Wyoming motorcycle insurance requirements is essential to protect yourself in an accident and remain legally compliant. If you ever become a motorcycle accident victim, contact Law Tigers at 1-888-863-7216 to schedule a free consultation.
