Colorado car insurance

Car insurance laws in Colorado

As a resident of Colorado, you are required to carry car insurance and purchase coverage before you register your vehicle. Insurance coverage and cost may also vary from city to city. Before you get started, here are some important factors to keep in mind:

Colorado teen driving laws

Young drivers are eager to get out on the road and experience that kind of freedom for the first time in their lives. To ensure safety on the road for everyone, it’s important to become familiar with the laws for new drivers in Colorado.

At age 16, teenagers are eligible to apply for a minor driver’s license and can apply for their full license once they turn 18. You can learn more about the rules associated with new drivers receiving their driver’s licenses in Colorado here.

Minimum insurance requirements for Colorado

The minimum amount of Colorado auto insurance coverage is $25,000/$50,000/$15,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident. It also covers up to $15,000 for damage to another person’s property.

Colorado auto liability coverage

Two types of liability coverage are available and required by law in the state of Colorado:

• Property damage, which safeguards your assets if you are found legally accountable for a covered accident, including property damage sustained by the other party.
• Bodily injury, which safeguards your assets if you’re found legally accountable for a covered accident, including certain expenses associated with bodily harm sustained by the other party.

Liability coverage also provides for your legal defense if a lawsuit is brought against you as a result of a covered accident.

Optional Colorado insurance coverage

It’s often a good idea to add the following coverages to your policy so you can enjoy the security of being protected on the road:

Comprehensive

This type of Colorado auto insurance coverage is used to repair your vehicle when physical damage occurs from non-collision related incidents (subject to deductible). Such incidents include theft, fire, vandalism, glass breakage, and contact with animals.

Collision

Collision coverage is used to repair your vehicle when physical damage occurs from collision with another vehicle or object (subject to deductible).

Uninsured/underinsured motorist

Protects you in the event of an accident where the other party is at-fault and either doesn’t carry insurance or is underinsured.

• Property damage helps pay for property damage to your vehicle that you are legally entitled to from another driver who is not insured or underinsured.
• Bodily injury helps pay for damages due to bodily injury that you and other passengers of your vehicle are legally entitled to from another driver who is not insured or is underinsured.

Medical benefits

This insurance may cover reasonable and necessary medical expenses or funerals for you and others who are covered under your policy in an accident, regardless of who is at fault, up to the amount you choose.

[2] Discounts do not apply to all coverage elements; actual savings vary by state, coverage selections, rating factors and policy changes. Enrollment discount applies during data collection; final discount is calculated on driving behavior and could be zero. Final discount applies at the next policy renewal and remains until drivers or vehicles on the policy change.

Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Such terms and availability may vary by state and exclusions may apply.