Colorado Auto Insurance Guide

Finding auto insurance is an important part of life. Not only does good auto insurance protect you in the event of an accident, but it also gives you invaluable peace of mind as you drive to and from work every day. If you are looking for auto insurance in Colorado, be sure you are educated about the auto insurance requirements in Colorado. Each state has individual and specific auto insurance laws, which means that you'll need to be aware of the required auto insurance coverage in your state.

Colorado Insurance Regulations

In Colorado, all registered vehicles have to be insured. You will be required to provide proof of insurance at the time you register your vehicle, so keep that in mind as you prepare to get insurance coverage.

You also must have proof of insurance in your car at all times. Most people satisfy this requirement by carrying an insurance card in their vehicle's glove box. If you fail to do this, you could face costly fines and penalties that include suspension of your registration and/or driver's license.

If you are an active member of the military or if you live in Colorado only seasonally, you may be eligible for exemptions from some state insurance laws. Consult the department of insurance or department of motor vehicles for more information.

Mandatory Minimum Coverage in Colorado

Like in other states, Colorado outlines mandatory minimum insurance that you must purchase. For Colorado, that minimum is: $25,00 per person for bodily injury, $50,000 per accident for bodily injury, and $15,000 per accident for property damage - all for a single accident. Remember that these are minimums, and most insurance experts strongly suggest getting coverage far in excess of the minimum standard.

Motorcycle Coverage Requirements

Colorado, like some states, does have designations that could make your motorcycle eligible for other insurance laws. But for the most part, if you ride a motorcycle in Colorado, you're required to get the same insurance as your neighbor who drives a four-door sedan.

Those individuals who have more than 25 motorcycles - basically, a fleet - can "self-insure" but that can be costly and not particularly advisable when you consider the thousands of dollars that an accident can cost. The state does have designations for different types of two-wheeled vehicles. You can consult the state to learn more, but as a rule of thumb expect to get the same type of coverage as anyone else.

Colorado Auto Insurance Advice

As you consider your options related to auto insurance, remember that the insurance laws in Colorado are related to minimum coverage. You should get coverage far in excess of these minimum standards for your protection. These minimum amounts mean that your benefit is limited - both in the sense of what you will receive after an accident, and what your insurance company will pay if you are liable for damages in an accident. Can you imagine how much out-of-pocket funds you'll be responsible for if your coverage only provides $15,000 in property damage coverage, but you're liable for $25,000 or more? It can add up. Insurance experts strongly advise that you seek coverage far in excess of the state's minimum standards.