The Centennial State
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Colorado Auto Insurance
Living in the Centennial State is a dream come true for millions of Coloradoans, with its stately mountains, wide-open spaces and a vast selection of outdoor activities. But driving in Colorado can be challenging at times, especially during the winter months on the winding mountain roads. Since getting into an auto accident isn’t always avoidable, state officials require that all Colorado drivers maintain Auto Insurance coverage at all times.
Auto Insurance rates in Colorado can vary more than you might think from one insurance company to another. That’s where Auto Insurance Specialists can help!
Try our simple form for an AIS Instant Quote®. This quote will provide a range of our Auto Insurance partners' rates for the coverage you select. You can then pick the price you like, too.
Required Auto Insurance in Colorado
Liability Insurance is mandatory by law in the state of Colorado. This type of coverage protects all other drivers in the event that your actions or negligence cause an accident. In this case, your insurance would pay for medical expenses incurred by anyone else injured in the accident, as well as compensate victims for lost wages and possibly even monetary damages like pain and suffering. It also covers damages to other vehicles and property. All Liability Insurance policies in Colorado must be written for limits that equal or exceed statutory minimums.
State Minimum Liability Coverage in Colorado
- BI or Bodily Injury: $25,000 per person, $50,000 per accident
- PD or Property Damage: $15,000 per accident
To learn more about specific Auto Insurance coverage, visit our Car Insurance Coverage page.
Optional Coverage in Colorado
In addition to what Auto Insurance is required in Colorado, there are several types of optional from which you can choose. These policies are often quite inexpensive, and they can save you from a major fiscal crisis in the future.
Below are some examples you may want to consider:
- Collision Coverage*: If your vehicle is damaged in an accident for which you are at fault, your Liability policy will not pay to get your own vehicle repaired and running again. But if you have Collision coverage, you can take your vehicle to the repair shop and have it fixed as soon as you pay the deductible. Given that the average car repair bill is a few thousand dollars, getting Collision coverage is a wise investment.
- Comprehensive Coverage*: Think of "comprehensive" as another word for "everything that isn't a collision." Comprehensive coverage will reimburse you for costs that you incur if your vehicle is damaged by fire, vandalized, dented by sleet or hail or even crushed in an avalanche. It also compensates your if your car is stolen and not recovered in a usable condition.
- Uninsured/Underinsured Motorist Coverage: More than one out of every seven drivers in Colorado disobeys the law by not maintaining Liability Insurance. Even though there are stiff penalties for uninsured motorists, they won't help you pay for your damaged vehicle or reimburse you for medical costs that you sustain in a crash. Uninsured/Underinsured Motorist Coverage addresses these expenses in the event that you are victimized in a collision with someone who is not covered by any (or enough) Auto Insurance.
- Higher Bodily Injury Limits: AIS strongly recommends that you increase the Bodily Injury Limits on your Liability policy above the minimum levels required by Colorado state law. Health care costs are expensive, and a single accident in which you injure multiple people can see those medical bills exceed the $50,000 maximum fairly easily. When that happens, the victims can come after your assets in court in order to make up the difference.
- Higher Property Damage Limits: Similarly, you may want to think about boosting the limits for your Property Damage coverage as well. If you happen to damage someone's private property or total an expensive vehicle, the state minimum of $15,000 may not be sufficient to cover all of the costs involved. Increasing these limits probably costs less than you think, and you'll have peace of mind knowing that you’ll be off the hook for any unexpected expenses.
*Although Collision coverage and Comprehensive coverage are not required by law, they may be required in your car loan or lease contract with the lender.
Again, these policies are not mandatory in the state of Colorado, but many drivers find them to be invaluable. For advice on which one of them may be suitable for your needs, contact a licensed Insurance Specialist at AIS.
Most Stolen Car Models in Colorado
If your car is on this list, you may find that your Car Insurance rate is higher. According to the www.nicb.org, these are the top car models that are stolen in Colorado:
- Ford Pickup (Full Size)
- Honda Civic
- Honda Accord
- Chevrolet Pickup (Full Size)
- Jeep Cherokee/Grand Cherokee
- Subaru Impreza
- Subaru Legacy
- Dodge Pickup (Full Size)
- Toyota Camry
- GMC Pickup (Full Size)
Colorado Auto Insurance Discounts
There's no rule or law that says you have to pay an arm and a leg for Auto Insurance in Colorado. Thankfully, there are a number of different discounts that are available to drivers throughout the state.
Here are some examples of Colorado Auto Insurance discounts you may qualify for:
- Safe Driver
- Good Student
- Accident Free
To learn more about specific discounts, visit our Discounts page.
You get to call Colorado home and enjoy the Rocky Mountain air and great outdoors. But you’re probably not as excited about wading through all of the details and fine print of your Colorado Auto Insurance policy. Luckily for you, AIS is there to provide all of the help and guidance that our customers need. Feel free to give our agents a call to assist you in simplifying the process of obtaining Auto Insurance in Colorado.