If you live in Colorado, you know the importance of having
good Colorado Auto Insurance. In a state
once known for having the highest percentage of uninsured
drivers, finding high-quality, affordable auto insurance can still be easier than you
think. With a lot of knowledge and a little bit of
time, you’ll be able to shop and compare several Colorado
auto insurance policies to determine which one is best
suited to your needs without breaking your budget.
Colorado Auto Insurance LawsIn
Colorado, legal and financial responsibility is based upon the
law of negligence, which is also known as “tort” law.
This means that if you are responsible for an accident or
property damage, you are responsible for the resulting expenses
to repair the damage or pay for medical costs.
Consequently, the registered owner of a motor vehicle must have
a Colorado insurance policy to operate the vehicle. The
state has established minimums for that liability coverage,
including bodily injury liability of $25,000 per person and
$50,000 per incident, plus $15,000 for property damage.
It is permissible to purchase a combined single limit policy of $65,000 as
Though comprehensive insurance, collision insurance, and
uninsured/underinsured motorist insurance is not mandatory for
drivers, Colorado auto insurance laws do require Colorado auto
insurance companies to offer these types of coverage.
Seniors seeking auto insurance in Colorado should be pleased
that state law requires insurance providers to reduce rates for
a three year period for people 55 or older if they complete a
driving course approved by the Department of Motor Vehicles and
Public Safety, such as 55-Alive or courses sponsored by the
American Association of Retired Persons
Make sure you pay your automobile insurance premium on time,
because there is no grace period required by law. Your
policy may be cancelled during the coverage term for any of the
- Non-payment of premium
- License suspension or revocation for any drivers
included on the policy
- Knowingly making a false statement on a claim
- Knowingly making a false statement on the insurance
If your Colorado insurance company cancels your policy, you
will receive a prorated refund without any penalty.
However if you cancel your policy early, the car insurance
company has the right to charge you a penalty, usually ranging
Factors Affecting Colorado Automobile
Insurance QuotesInsurance companies use a
process called underwriting to determine the rates at which
they are willing to offer you auto insurance coverage.
While you can control some of the factors, others are out of
your hands. Some of the components include:
- Gender – Colorado permits gender to be used in rating
drivers. Statistically men have more accidents than
women, resulting in higher rates.
- Age – Drivers under 25 will pay more for car insurance
than drivers over that age.
- Marital status – Married drivers historically file
fewer auto insurance claims.
- Make & Model of Covered Vehicles – Cars that damage
easily or are expensive to repair will cost more to
- Safety Devices – Vehicles including features like side
airbags and anti-lock brakes will garner lower auto
- Vehicle Usage – How far do you drive each day and on an
annual basis? Low annual mileage will save you
- Prior Insurance Coverage – Never let your insurance
expire or be cancelled. If this happens, it will be
much more difficult to find auto insurance coverage, and it
will most likely cost more as a result.
- Driving Record – A person with a clean driving record,
especially within the last 3-5 years, will pay less.
This is the single greatest controllable factor affecting
your insurance rates.
Finding the Lowest Colorado Auto Insurance
QuotesWhether you’re looking for auto insurance in
Denver, Colorado Springs, or Wray, the process is the
same. It begins by entering your zip code in the box
below, which will immediately match you with Colorado auto
insurance companies offering free quotes for coverage in
your area. Choose the 3 or 4 that sound best to you, and
submit your information. In no time you’ll receive rates
for auto insurance coverage from each one, then simply choose
the one offering the best policy at the lowest price.
Don’t waste another minute paying too much for your current
policy. Start shopping now.