Commercial Auto Insurance Minimum Requirements in Wyoming

Determine the Required Amount of Coverage

Because commercial vehicles are used differently from private vehicles, you will need to consider the following when purchasing an insurance policy:

• Who owns the vehicle(s)

• Weight of the vehicle(s)

• Usage of the vehicle(s)

• Legal requirements

In Wyoming, commercial vehicles must have at least the same liability coverage as private vehicles:

• $25,000 per person for bodily injury

• $50,000 per accident for bodily injury

• $20,000 per accident for property damage

Talk to your insurance agent to determine whether you should have more than this minimum coverage.

If you are still unsure about your insurance requirements, contact the WYDOT to review your specific situation.

Purchase a Commercial Policy

Your private insurance company probably also offers commercial insurance, but remember there are also companies that specialize in commercial policies, so shop around to get the coverage and rates that are right for you.

Electronic Reporting

Wyoming has an online Insurance Verification System that allows officers and the WYDOT to confirm private insurance coverage with insurance companies. At this time, however, insurance companies are not required to make information on commercial policies available online.

Proof of Insurance and Financial Responsibility

You are required to show proof of insurance (or bond or deposit) if an officer stops you for a traffic violation. Most companies will send you an insurance card, which you should keep in your vehicle.

In addition to the Insurance Verification System that confirms your coverage, insurers are required to give to the WYDOT a list of all insured entities each month. If you are caught without insurance, you will be charged with a misdemeanor unless you can produce proof of coverage within seven days.

Penalties for Failure to Maintain Financial Responsibility

Getting caught with no proof of insurance carries some steep penalties. The fine for a first offense ranges from $250 to $750, and for a second offense from $500 to $1,500. You could also face up to six months in jail.

If convicted, you must surrender your vehicle registration and license plates to the county treasurer until you have met all obligations.