- Liability Insurance Colorado Minimum Requirements
- Minimum Property Damage Liability Insurance Colorado
- Why is liability insurance so cheap?
- Liability Insurance Colorado & SR22 FAQ
- Cheap Liability Insurance Colorado: Average Premium by Carrier
- Liability Insurance Colorado Average Cost by City
- Who Has The Lowest Liability Price? (By City)
- "Should I Get Full Coverage" Calculator
- Should I Upgrade To Full Coverage? Cost By City
- What is Uninsured Motorist Protection?
- Insurance Discount Calculator
- What is liability insurance and why do I need it in Colorado?
- How much liability coverage do I need for my car in Colorado?
- For personalized advice on liability insurance in Colorado, call A Plus Insurance at 1.888.445.2793.
- Additional Helpful LInks
- INSURANCE SERVICES WE OFFER
Liability Insurance Colorado Minimum Requirements
As stated above the liability limits for the state of Colorado is 25/50/15, if you have these coverages then you are legally able to traverse the roads of CO.
Having Colorado liability insurance is required to drive in the state.
You would be shocked to know that 40% of drivers in CO have the required liability limits, which has led to much higher rates than others.
You may wonder how much insurance you really need and what does this 25/50/ even cover? The law in Colorado mandates that the auto insurance policies should provide the following:
For bodily injury liability insurance Colorado coverage, it will cover accidents that a person causes where another person is hurt or even killed. According to the laws of Colorado, the limit is $25,000 for every person and $50,000 for every accident for bodily injury.
In line with this, one must consider the assets that must be protected and the amount that one can afford before deciding on what to purchase.
| Carrier | Price |
|---|---|
| Dairyland | $77 |
| Progressive Insurance | $88 |
| Bristol West | $91 |
| AssuranceAmerica | $98 |
| National General | $102 |
| Mendota Ins. Company | $103 |
| The General | $106 |
| Geico | $108 |
| USAA | $116 |
| State Farm | $119 |
| Acceptance RTR | $124 |
| Farmers | $133 |
| 21st Century | $143 |
| American Family | $144 |
| Safeco | $152 |
Minimum Property Damage Liability Insurance Colorado
When it comes to Property Damage liability in Colorado, the minimum required by the State is $15,000. If this is where your policy range is then you are set. But does this mean this is where you should set you Property Liability limit?
Why might you set your limits higher? There are a few reasons that you might bump up your limits to a higher amount.
- It doesn’t dramatically raise your rate! The difference between $15,000 in Property Damage and $25,000 in Property damage is barely $27.00 for 6 months in most cases. Thirty extra dollars for 10 GRAND more in property damage coverage is a no brainer.
- Look at the vehicles around you. Notice Tesla, new Trucks like the Ford Maverick or Bronco, or Maserati’s zooming past ya? Those cars are much more expensive than the average Toyota cruising around. More to the point MANY vehicles today aren’t even worth $15,000… Prices have soared and you do not want to be responsible for the cost.
Why is liability insurance so cheap?
Understanding the affordability of liability insurance in Colorado requires considering several factors. One reason liability insurance tends to be cheaper than other types of coverage is that it only provides protection for damages you cause to others in an accident. Since it doesn’t cover damage to your vehicle or medical expenses for yourself, the premiums are generally lower. Additionally, liability insurance is required by law in most states, including Colorado, which increases the demand and competition among insurance providers, leading to lower prices for consumers.
Key Points to Consider:
- Limited Coverage: Liability insurance only covers damages to others, not yourself or your vehicle.
- Legal Requirement: It’s mandatory in Colorado and most other states, increasing competition among insurers.
- Risk Assessment: Insurance companies assess lower risk for liability-only policies compared to full coverage, resulting in cheaper premiums.
While liability insurance offers essential protection at an affordable price, it’s crucial to consider your coverage needs and potential risks when selecting your policy.
Liability Insurance Colorado & SR22 FAQ
Why Would Someone Need an SR22 Filing?
Multiple violations, a DUI, or driving without proper liability insurance can incur fines that include being required to file an SR22 in your State.
Is SR22 Insurance Expensive?
SR22 is not insurance, but it is a filing done for you by the insurance company confirming that you are insured with Liability Insurance. The minute the insurance lapses, the Carrier informs that State that you are not insured. In most cases it isn’t more than $25.
How Do I File the SR22?
An individual cannot file the SR22, it must be filed by the insurance carriers. But when shopping, just ask for SR22.
Why is SR22 Insurance so Expensive?
As mentioned, SR22 is not insurance but a filing fee that you have the State minimum liability insurance in-force. The cost with this policy is due to the violations on the individual policy.
How Long Do I Need to Carry an SR22 on My Insurance?
Varies depending on the violations. Always check with your state DMV if uncertain.
What is Required to Fulfill the SR22?
At least the state minimum in liability insurance.
Cheap Liability Insurance Colorado: Average Premium by Carrier
| Company | Average Cost |
|---|---|
| Mendota Ins. Company | $97 |
| National General | $104 |
| The General | $104 |
| Dairyland | $110 |
| Progressive Insurance | $111 |
| Bristol West | $112 |
| AssuranceAmerica | $117 |
| Farmers | $117 |
| Acceptance RTR | $124 |
| 21st Century | $128 |
| State Farm | $134 |
| Geico | $135 |
| State Auto | $135 |
| USAA | $135 |
| Travelers | $150 |
Liability Insurance Colorado Average Cost by City
| City | Average Price |
|---|---|
| Redlands | $107.00 |
| Brighton | $108.00 |
| Cherry Creek | $108.00 |
| Sterling | $92.00 |
| Cañon City | $100.00 |
| Fruita | $91.00 |
| Englewood | $88.00 |
| Fort Collins | $94.00 |
| Fountain | $103.00 |
| Steamboat Springs | $94.00 |
| Longmont | $100.00 |
| Evans | $91.00 |
| Montrose | $91.00 |
| Clifton | $101.00 |
| Columbine | $108.00 |
| Centennial | $91.00 |
| Grand Junction | $89.00 |
| Durango | $99.00 |
| Lakewood | $94.00 |
| Superior | $86.00 |
| Arvada | $93.00 |
| Frederick | $89.00 |
| Federal Heights | $107.00 |
| Windsor | $99.00 |
| Loveland | $88.00 |
| Berkley | $97.00 |
| Johnstown | $103.00 |
| Delta | $97.00 |
| Sherrelwood | $101.00 |
| Denver | $88.00 |
| Glenwood Springs | $107.00 |
| Derby | $96.00 |
| Greeley | $98.00 |
| Pueblo West | $100.00 |
| Black Forest | $101.00 |
| Rifle | $99.00 |
| Colorado Springs | $104.00 |
| Alamosa | $88.00 |
| Commerce City | $86.00 |
| Castle Pines | $92.00 |
| The Pinery | $109.00 |
| Broomfield | $97.00 |
| Wellington | $108.00 |
| Cimarron Hills | $107.00 |
| Fort Morgan | $103.00 |
| Louisville | $91.00 |
| Security-Widefield | $93.00 |
| Littleton | $98.00 |
Who Has The Lowest Liability Price? (By City)
| City | Company |
|---|---|
| Fruita | Liberty Mutual |
| Frederick | Progressive |
| Englewood | Geico |
| Edwards | The General |
| Wheat Ridge | Progressive |
| Centennial | Progressive |
| Grand Junction | The General |
| Columbine | Geico |
| Fort Collins | Liberty Mutual |
| Gunbarrel | Progressive |
| Golden | Dairyland* |
| Fort Morgan | Progressive |
| Pueblo West | Geico |
| Ken Caryl | Geico |
| Lakewood | Farmers |
| Firestone | Progressive |
| Brighton | The General |
| Alamosa | Geico |
| Colorado Springs | Geico |
| Arvada | The General |
| Boulder | Geico |
| Denver | The General |
| Federal Heights | Farmers |
| Lafayette | The General |
| Rifle | The General |
| Evans | Geico |
| Greeley | Farmers |
| Steamboat Springs | Liberty Mutual |
| Castle Rock | Progressive |
| Loveland | Bristol West |
| Security-Widefield | Bristol West |
| Parker | Progressive |
| Lone Tree | Bristol West |
| Welby | Progressive |
| Dakota Ridge | The General |
| Fountain | The General |
| Aurora | Liberty Mutual |
| Longmont | National General |
| Woodmoor | The General |
| Westminster | National General |
| Johnstown | Geico |
| Littleton | The General |
| Sterling | National General |
| Fort Carson | Progressive |
| Clifton | Geico |
| Roxborough Park | The General |
| Black Forest | The General |
| Castle Pines | Progressive |
| The Pinery | Farmers |
| Broomfield | Dairyland* |
| Cimarron Hills | Liberty Mutual |
| Glenwood Springs | Progressive |
| Greenwood Village | Progressive |
| Durango | The General |
| Windsor | Progressive |
| Sherrelwood | The General |
“Should I Get Full Coverage” Calculator
Should I Upgrade To Full Coverage? Cost By City
| City | Average Price |
|---|---|
| Superior | $162 |
| Boulder | $169 |
| Lone Tree | $172 |
| Loveland | $158 |
| Commerce City | $175 |
| Edwards | $157 |
| Fort Collins | $153 |
| Wellington | $160 |
| Littleton | $167 |
| Brighton | $154 |
| Greenwood Village | $161 |
| Denver | $161 |
| Evans | $165 |
| Welby | $172 |
| Woodmoor | $148 |
| Delta | $152 |
| Redlands | $156 |
| Highlands Ranch | $173 |
| Grand Junction | $158 |
| Evergreen | $175 |
| Northglenn | $179 |
| Berkley | $157 |
| Dakota Ridge | $152 |
| Sherrelwood | $180 |
| Security-Widefield | $163 |
| Colorado Springs | $178 |
| Englewood | $161 |
| Columbine | $152 |
| Fountain | $155 |
| Louisville | $152 |
| Windsor | $181 |
| Derby | $150 |
| Aurora | $155 |
| Erie | $157 |
| Pueblo West | $171 |
| Lakewood | $153 |
| Wheat Ridge | $151 |
| The Pinery | $167 |
| Alamosa | $166 |
| Greeley | $180 |
| Durango | $163 |
| Gunbarrel | $161 |
| Thornton | $151 |
| Glenwood Springs | $166 |
| Parker | $173 |
| Cimarron Hills | $163 |
| Steamboat Springs | $182 |
| Cherry Creek | $161 |
| Firestone | $170 |
| Ken Caryl | $159 |
| Castle Pines | $159 |
| Lafayette | $170 |
What is Uninsured Motorist Protection?
For underinsured or uninsured motorist coverage, this will cover medical as well as other expenses whenever one is hit by a driver who does not have adequate auto insurance.
Uninsured motorist bodily injury protection, helps protect you and your passengers medically if you are hit by another driver, and they are found to be the one at fault, and they either do not have an active insurance policy or maybe carrying liability limits lower than your policy.
Once you have uninsured motorist bodily injury protection, you can also purchase uninsured motorist property damage protection. This coverage will protect damage done to your vehicle if it is hit by an uninsured person, or possibly a hit and run accident.
A person may purchase added coverage to pay for the damage to one’s car if it is hit by an uninsured motorist. However, most will purchase collision as well as comprehensive instead.
Insurance Discount Calculator
In Colorado, the insurers are actually required to offer under-insured or uninsured motorist coverage in the same amount as that of bodily injury liability insurance Colorado limits that a person selects. This type of coverage may be waived only if this is rejected in writing. The limit that must be selected starts at $25,000 or $50,000, which is the same amount of the minimum liability limit in Colorado.
Most people opt to carry this since this can actually cover economic damages like medical bills and non-economic damages for cases wherein the other person in the accident is uninsured and under-insured.
What is liability insurance and why do I need it in Colorado?
Liability insurance provides coverage for bodily injury and property damage that you may cause to others. In Colorado, it’s mandatory for drivers, and having liability coverage protects you from financial loss in case of an accident.
How much liability coverage do I need for my car in Colorado?
The required minimum liability coverage in Colorado is typically expressed as three numbers, such as 25/50/15, representing the coverage limits in thousands of dollars for bodily injury per person, bodily injury per accident, and property damage, respectively. However, it’s often advisable to consider higher coverage limits for better protection.
For personalized advice on liability insurance in Colorado, call A Plus Insurance at 1.888.445.2793.
Have specific questions or need assistance in choosing the right liability coverage? Call A Plus Insurance at 1.888.445.2793 for personalized guidance and expert advice tailored to your needs.
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Last Updated on by Camron Moss