WY SR22
Q: I’m going to get my WY SR22 policy tomorrow. What kind of coverage should I get?
A: Try to get as little as you possibly can. Think of your WY SR22 as a car insurance diet. If you had a lower risk policy, you could glut yourself on medical payment insurance and towing coverage, but now that you have high risk SR22, you need to cut down on the two c’s–except instead of carbs and calories, these letters stand for comprehensive and collision. Here are your basic food groups:
- $25,000 per person for bodily injury coverage
- $50,000 per accident for bodily injury coverage
- $20,000 per accident for property damage coverage
Now, if you’ve got a new car, you may have to take some vitamins to keep your protein and iron and so on up…okay, that metaphor got away from me. The above is what’s REQUIRED for your WY SR22 by Wyoming law. If you have a new car, whether your financing or leasing, your financer/leaser may require collision and comprehensive coverage as part of the contract. If this is the case and you can’t cut them, raise the deductibles.
[...] splogger scribbled an anecdote about Here’s a brief synopsis Think of your WY SR22 as a car insurance diet. If you had a lower risk policy, you could glut yourself on medical payment insurance and towing coverage, but now that you have high risk SR22, you need to cut down on the two c’s–except … [...]