What Are The Requirements For Insurance in Colorado

When seeking Car Insurance, the first concern for many people is the cost. Getting a good price on coverage can be as simple as making sure that you get several different quotes. One of the easiest ways to get multiple quotes from different companies is to visit a site that does the comparison shopping on the client’s behalf. It can save considerable time as well as making the insurance buying process much simpler. When browsing through the different quotes from insurance companies, it is important to make sure that all the legal requirements for Colorado residents are met. The following information will explain the requirements for Colorado residents, as well as the different optional coverage types that are available.

Why do you need insurance?

As of October 17, 2016, there has been a total of 479 statewide fatalities due to auto accidents in Colorado.  As the snow starts to hit in our beautiful state, so does the increase in automotive accidents.  Having adequate insurance is a must. Below are a graph and data that indicates the current fatality rate in Colorado as of October 17, 2016.

2016 fatalities in Colorado auto accidents

  • Region 1 includes the counties of Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, and Gilpin.
  • Region 2 includes the counties of Baca, Bent, Crowley, Custer, El Paso, Fremont, Huerfano, Kiowa, Las Animas, Otero, Park, and Prowers.
  • Region 3 includes the counties of Delta, Eagle, Garfield, Grand, Gunnison, Hinsdale, Jackson, Lake, Mesa, Moffat, Pitkin, Rio Blanca, Routt, and Summit.
  • Region 4 includes the counties of Boulder, Cheyenne, Elbert, Kit Carson, Larimer, Lincoln, Logan, Morgan, Phillips, Sedgwick, Washington, Weld,  and Yuma.
  • Region 5 includes the counties of Alamosa, Archuleta, Chaffee, Conejos, Costilla, Dolores, La Plata, Mineral, Montezuma, Montrose, Ouray, Saguache, and San Juan.

 

Liability Insurance ColoradoColorado auto accident fatality data

Anyone who drives a car in Colorado must have liability coverage on their vehicle. Liability insurance exists to protect other drivers against property damage that the insured driver may cause. If the insured driver is negligent in some way while driving and accident results, any person who suffers damages (apart from the driver) can get compensated for the damages through the liability policy.

The state requires specific minimums for liability auto coverage, although drivers may elect to buy extra insurance. The minimum is as follows.

•$25,000 in bodily injury coverage (per person)

•$50,000 in bodily injury coverage (per accident)

•$15,000 in auto/property damage (per accident)

Underinsured motorist and Uninsured Motorist

Two kinds of required insurance in Colorado, underinsured motorist and uninsured motorist, are commonly sold as a package. These types of coverage are designed to protect the policy holder’s personal property and their vehicle while liability insurance is only designed to protect the other drivers who may be involved in an accident caused by the insured.

The underinsured driver coverage pays for any bodily injury damages that a driver may suffer due to another driver who does not carry enough insurance to pay for all damages. Once the responsible driver’s policy has been exhausted, the underinsured motorist will kick in and pay for the remainder of the damages up to the limits of the policy.

The uninsured driver coverage primarily exists for hit and run accidents. If a person is injured in an accident that they did not cause and the responsible driver fled the scene of the accident, the uninsured motorist will pay for the damages. This insurance also applies in the case of a driver who is uninsured (when the responsible driver does not hold any liability coverage.)

The total amount of underinsured and uninsured Car Insurance Colorado that is required for drivers is as follows.

•$25,000 in coverage (per person)

•$50,000 in coverage (per accident)

Collision and Comprehensive

Collision coverage and comprehensive are not required according to the law in Colorado. However, most drivers do elect to get these kinds of coverage for their protection. Collision allows drivers to feel secure about paying for unexpected repairs due to accidents while comprehensive insurance covers things like theft. A well-rounded insurance policy should include everything detailed above, so be sure to check all the quotes before choosing coverage!

coloradoCar Insurance Colorado

A Plus has served Colorado residents for over 15 years.  We are an independent Insurance agency that will do our best to find you and your family the best insurance rates in Colorado.  We serve all major cities including Denver, Colorado Springs, Pueblo, Aurora, Grand Junction, Fort Collins, and every city in between.  Not only do we offer coverage in every major city, but small towns and rural areas throughout the state.  Whether it is a sr22 quote in Boulder Colorado or a Liability, need a quote in Cripple Creek Colorado we can help.   Online Quotes or Quotes over the phone we are happy to help.  Have a question and not ready to buy just yet?  Call us; we have a no pressure approach to sales.  We represent Progressive, Bristol West, Mendota, Safeway, Viking, Dairyland, American Strategic, Travelers, and much more.  Why call an agent who only represents one car insurance company, when you can get multiple quotes with one call or click.  Low-cost Car Insurance is our specialty.

We love Colorado, we are natives, we have raised our kids here, and we have chosen to do business right here in Colorado.  So if you are looking for a local agent to help you get the most out of your insurance dollars, Call us and we can chat.

As Always, Drive safe, Buckle up (not because it’s the law, but because it is the smart thing to do), Watch the icy roads, take care for out of state drivers :), be patient and be kind on our Colorado roads.

Tuesday, February 25, 2014
Client review:  Jola was extremely helpful and understood that I didn’t necessarily know everything about my previous policy that I probably should have! She was very friendly, and I was glad that I had called. She took all of the guesswork out of switching Colorado insurance policies.

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