Auto Insurance in Colorado

Finding affordable auto insurance in Colorado is easily achievable with the use of several excellent resources. Although many motorists still prefer to deal with land-based insurance agents or brokers, many consumers are now taking advantage of the exceptional discounts to be found online. This can be done by visiting price comparison websites or the standalone sites of most major insurance companies.

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In 2009, the average cost of an insurance policy in Colorado was $1,630. This figure represented a saving of $105 on the average cost of a policy throughout the United States. Even so, the latest average figure was 26% higher than the equivalent period in 2008.

Like many other US states, Colorado uses the Tort system where responsibility must be ascertained to an individual party in the event of a road traffic accident and residents of the Centennial State are obliged to obtain mandatory 25/50/15 coverage. This minimum level of coverage is broken down as follows:

  • $25,000 worth of bodily injury liability per single person
  • $50,000 worth of bodily injury liability per accident
  • $15,000 worth of property damage

Although there is no obligation to purchase protection against uninsured and underinsured drivers, it is highly recommended that this level of coverage is duly considered.

Other additions can be made to a policy and one of the most important of these is personal injury protection. This will take care of any medical expenses that arise from personal injuries sustained in an ‘at fault’ accident. Comprehensive cover and collision damage protection are further considerations that can be added to build the perfect auto insurance policy.

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