Your changes will require approval by an administrator before they are published.
The article has been updated successfully but requires approval before it is published.Last Updated 5th of August, 2010
What is the state requirement for auto insurance in Colorado?
|
Enter your Zip Code below to get a Free Quote. We suggest getting quotes from multiple companies to ensure you get the best rate. There is no obligation to purchase. 
|
Car insurance in Colorado, like in most other states, is mandatory.
NOTE: Personal injury protection (PIP), or what is commonly referred to as no-fault insurance, is NOT required. Colorado legislature repealed this requirement on July 1, 2003.
You must always carry, while driving, proof of auto insurance. Evidence must include your insurance company name, policy number, date of expiration, and vehicle covered. Failure to provide proof carries steep consequences. At the very minimum, you'll be hit with a $500 fine and four points will be added to your driving record. Any subsequent violations will result in higher fines and the suspension of your drivers license.
Colorado authorities are vigilant in monitoring driver compliance. Insurance companies, by law, are required to submit weekly updates on new policies issued. This information is then compared with weekly vehicle registration reports tendered by the DMV.
CO Liability Insurance Requirements
To comply with Colorado law, you must carry the following amounts of auto insurance coverage:- $25,000 of bodily injury or death to one person in any one accident.
- $50,000 of bodily injury or death to two or more persons in any one accident.
- $15,000 of property damage coverage.
NOTE: Personal injury protection (PIP), or what is commonly referred to as no-fault insurance, is NOT required. Colorado legislature repealed this requirement on July 1, 2003.
You must always carry, while driving, proof of auto insurance. Evidence must include your insurance company name, policy number, date of expiration, and vehicle covered. Failure to provide proof carries steep consequences. At the very minimum, you'll be hit with a $500 fine and four points will be added to your driving record. Any subsequent violations will result in higher fines and the suspension of your drivers license.
Colorado authorities are vigilant in monitoring driver compliance. Insurance companies, by law, are required to submit weekly updates on new policies issued. This information is then compared with weekly vehicle registration reports tendered by the DMV.
Post Comment for "What is the state requirement for auto insurance in Colorado?"
To post a comment for this article, simply complete the form below. Fields marked with an asterisk are required.
User Opinions
No users have voted.
Visitor Comments