It is illegal to drive without car insurance in Colorado. Every driver needs safe, reliable and low-cost auto insurance while driving on Colorado roads. insurancemozo.com understands the value of important information necessary to find the Best Colorado Auto Insurance quotes for you. The below information will help you find the cheapest auto insurance rates in Colorado.
What are the minimum Colorado car insurance requirement?
Colorado minimum car insurance requirements are:
Minimum liability requirements in Colorado for car insurance are 25/50/15. That means:
- $25,000 liability coverage per person for injury
- $50,000 liability coverage per accident for injury
- and $15,000 for property damage liability(damage to buildings, traffic signs or other party vehicles)
State of Colorado also requires all insurance policies to include $5,000 Medical Payment Coverage to cover injuries resulting from an accident.
However this is optional asyou can always opt out of this coverage by submitting a written refusal of coverage with your insurance company.
Is Uninsured/Underinsured Motorist (UM/UIM ) protection required in Colorado?
Un-insured/under-insured motorist coverage is not necessary in the state of Colorado. However it is always advisable to adopt this insurance to cover expenses that may accumulate from an accident.
How do I get a best Car Insurance Quote in Colorado?
Here at insurancemozo.com, we made it our job to find you the most affordable auto insurance quotes for you and your family, so that you won’t have to pay the outrageous insurance prices when you buy auto insurance in Colorado.
All you have to do is to just enter your ZIP code above and get FREE auto insurance quotes today.
What kind of car insurance discounts are available in Colorado?
Various discounts are available in Colorado such as green car discount, good student discount, good driver discount, safety course discount etc.
Please review several discounts available here and ask insurance provider at the time of insurance if you can qualify for one.
Alternative Options to Insurance:
In Colorado Certificates of Self-Insurance are also available to applicants who fulfill the following requirements:
- You or your company must have at least 26 registered vehicles in your name
- You must qualify by application with the Division of Insurance Commissioner
- Commissioner Jim Reisberg
- Department of Regulatory Agencies Division of Insurance
- 1560 Broadway, Suite 850
- Denver, CO 80202
- 1-800-930-3745
In Colorado instead of purchasing insurance, drivers have the option to use a surety bond or cash deposit as proof of financial responsibility. However they have to fulfill the following requirements.
- Cash deposit of at least $65,000
- Deposits must be made with the Executive Director of the Department of Revenue
- Surety bonds can be purchased from insurance companies licensed to do business in the State of Colorado
- Surety bond for at least $65,000
Required Proof of Insurance in Colorado
While driving in Colorado drivers are always advised to carry Insurance Card provided by Insurance company with them. These insurance cards contain the following info:
- Name and address of Insured Driver
- Name and address of Insurance Company
- Accurate description of year, make/model, and vehicle identification number of registered vehicle
- Insurance Policy Number
- Effective Date/Expiration Date of Policy
For drivers who opt for Self Insurance certificates,following information is included in the certificates.
- Certificate Number issued by Division of Insurance
- Effective Date of Certificate
- Accurate description of year, make/model, and vehicle identification number of registered vehicle
- Name and address of driver covered by certificate
- Certificate of Deposit
- Certificate number issued by the Executive Director of the Department of Revenue
- Name and address of driver covered by certificate of deposit
- Liability Bond
- Name and address of Insurance Company
- Bond Number
- Effective Date/Expiration Date of Policy
- Accurate description of year, make/model, and vehicle identification number of registered vehicle
- Name and address of Insured Driver
Official Website Links:
Colorado Division of Insurance – Company or Agent Disciplinary Action Record
Colorado Division of Motor Vehicles – Accident Report
Colorado Division of Insurance -File a Complaint
Colorado Division of Insurance – Company or Agent License Status Verification
Colorado State Department of Regulatory Agencies Division of Insurance
Division of Insurance Commissioner – Jim Riesberg
1560 Broadway, Suite 850
Denver, CO 80202
1-800-930-3745
