Reader’s Question:

What are the minimum auto insurance requirements in the State of Colorado?

Patrick

Denver, CO

As in all states in America, Colorado imposes financial responsibility to all of its motorists. This requires any Coloradoan to show proof of financial capacity to pay for damages caused following ill-fated accidents. This state imposes 25/50/15 minimum insurance. At any one accident, the at-fault driver’s auto insurance company will pay for medical injuries sustained by the other driver up to the amount of $25,000. If there are other passengers in the other party’s car, the insurer may shoulder up to $50,000 for treatment of injuries and immediate rehabilitation. Meanwhile, $15,000 will be apportioned for any ruined property.

But having minimum liability auto insurance is not really enough. Drivers are advised to always get as much insurance coverage as they can afford. Especially now that vehicle repair and medical treatment are on steady increase, adding collision and comprehensive insurance in your policy will prove to be handy in cases where you cause an accident where your own car was also ruined. This type of auto insurance will give you the privilege of having your vehicle patched up at the insurer’s expense. Also, you should think about getting underinsured/uninsured motorist insurance. This will lend a hand in instances where an uninsured driver wrecks your car and injures you.

Tags: auto insurance, auto insurance coverage, liability insurance