Car insurance in Colorado

Colorado drivers must carry auto liability insurance coverage. Liability coverage pays for property damage and bodily injuries caused by you or other drivers in your car. When you suffer injuries in a Colorado car accident, the negligent driver’s insurance typically pays part or all of your claim. An important part of the work by your Denver car accident lawyer is investigating and pursuing insurance claims.

Colorado auto liability insurance minimums

In Colorado you can carry first party insurance and other auto insurance, but you must carry auto liability insurance to protect other people from your potential negligent acts. Colorado, like all states, require minimum coverage for property damage and bodily injury. Colorado minimum liability insurance includes:

• $15,000 per accident for property damage
• $25,000 per person for bodily injuries
• $50,000 per accident total for bodily injuries

In Colorado you can buy higher insurance limits than the minimum coverage which will protect you from personal liability for property damage and bodily injuries.

What’s the best car insurance right now?

U.S. News & World Reports ranks car insurance companies nationally. Their top rankings include:

• USAA
• State Farm
• Farmers
• Nationwide
• Geico

The insurance rankings must not include their claims processing for car accidents in Colorado!

Which company gives cheapest car insurance?

The most affordable national vehicle insurance providers are State Farm and Geico. A minimal liability coverage from State Farm costs, on average, $41 per month, 29% less than the national average. Geico also provides affordable auto insurance estimates starting at about $52 a month.

How can I reduce my car insurance?

According to car insurance companies, these factors affect the cost of your car insurance premiums:

1. Increase your deductible.
2. Check for discounts you qualify for.
3. Compare auto insurance quotes.
4. Maintain a good driving record.
5. Participate in a safe driving program.
6. Take a defensive driving course.
7. Explore payment options.
8. Improve your credit score.

How much is car insurance in Colorado per month?

The typical monthly car insurance rate in Colorado is $162. Each and every auto insurance provider has a different price for the same level of coverage.

Are car insurance rates higher in Colorado?

In Colorado, car insurance costs are a little more than average. The average annual cost of auto insurance in Colorado is $1,435; this is 0.6% higher than the national average. Other than the state in which you live, other factors may affect the cost of your auto insurance.

Is it cheaper to pay car insurance every 6 months or monthly?

Because you are paying for coverage over a shorter period of time, a six-month policy will often be less expensive than a 12-month policy. However, if you compare the cost of your auto insurance on a monthly basis, a six-month policy and a 12-month coverage might not differ significantly.

What auto insurance coverage should I have in Colorado?

Colorado does not require full coverage or any coverage above minimum liability limits. If you bought a car and owe money on a car loan, the lender requires you to carry comprehensive and collision coverage to protect the car as collateral for the car note. If you cannot afford to lose your car or to buy a new car, you should also carry comprehensive and collision coverage.

Generally it is a good idea to carry medical payments coverage (medpay) of at least $5000. You should also buy uninsured and underinsured motorist coverage (UM/UIM) to protect yourself from underinsured motorists.