The Wyoming House of Representatives has voted down HB 168, Motor Vehicle Financial Responsibility. The bill proposed to increase the financial minimum limits on personal auto liability coverage from $25,000/$50,000/$20,000 to $50,000/$100,000/$25,000 for bodily injury or death, and injury to or destruction of property.
Opponents of the bill argued it would have increased premiums and ultimately led to more uninsured motorists on the road.
“The defeat of this legislation is a victory for Wyoming insurance consumers during this most difficult economy,” says John Marlow, AVP of state affairs for the American Insurance Association. “It’s unnecessary to mandate higher minimums as long as people may purchase higher limits on their policies if they wish, rather than being forced to do so.”
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