Every State in the U.S requires its citizens to get auto insurance. This law is for the benefit of the citizens only so that they are not faced with expensive consequences when a mishap occurs. The Colorado State also has its own rules when it comes to auto insurance.

The State of Colorado is a no fault state. In a no fault state, the insurance companies of the drivers involved in the accident pay for all the losses (hospital bills and vehicle repair) of their respective clients no matter whose fault it is.  This step was taken because of the excessive lawsuits that followed after an accident as well as to keep the premiums at a reasonable level in Colorado Car Insurance. However in case of severe physical injuries or if the expenses go beyond the prescribed limit, then the driver at fault can be taken to the court and made accountable for full or partial expenses of the accident.

Colorado car insurance laws have made liability coverage mandatory. Liability insurance policy pays for the expenses for which the driver is found responsible. The least amount of liability coverage according to Colorado law is $25,000 per accident if the other car has a single occupant. It is raised to $ 50,000 per accident if the other had more than one occupant. Besides this, there is also property damage coverage worth $ 15,000 in case you hit a fence or traffic signal or a standing car etc. This the minimum level of Colorado Car Insurance coverage required by the law, for better protection you can enhance it either by raising the amount or with add on.

For further extension of Colorado Car Insurance, you can opt for PIP (Personal Injury Protection) coverage. It covers all your medical expenditure. However PIP is not necessary if you have taken Comprehensive coverage as add on.  Comprehensive coverage provides complete coverage to your car not only against accidents but also against unforeseen circumstances. Another option available is the Uninsured/Underinsured motorist coverage.

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Filed under: Auto Insurance By States

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