Auto Insurance In Colorado
Readers Question:
My friend has been asking me so much about auto insurance in Colorado. As much as I wanna help her I cant since I dont know a lot about auto insurance. Can someone help me with this? I just need basic information about auto insurance. Thanks!
Lea
Denver, CO
Since you ask for just the basic information about auto insurance in Colorado, Im just gonna tell you what I think is basic./p
pFor one, the minimum limits that is required for you auto insurance coverage here in Colorado are:
- $25,000 for every person for bodily injury
- $50,000 for every accident for bodily injury
- $15,000 for every accident for property damage
Also, there are other auto insurance coverages available. These are optional, meaning you are NOT required to purchase these coverages: uninsured motorist coverage, comprehensive and collision, and medical payment coverage.
If Im not mistaken, it was in January 1 of this year when mandatory medpay coverage is required here in Colorado. However, you have the option to decline this coverage through writing. Again, your auto insurance company may only offer you this kind of auto insurance coverage but they do not have the right to force you into buying this.
Im sure you are wondering how your friend can save on her auto insurance rates. Well, one important thing that she needs to do is to use the Internet and shop for auto insurance quotes.
Also, her driving records need to be good, meaning to traffic tickets under her records to ensure cheap auto insurance rates.
Plus, if shes married then she may be able to get lower auto insurance rates. Believe it or not, but studies showed that in general, married policyholders have lower rate of auto insurance claims.
Lastly, her vehicle usage partly determines her auto insurance premiums. The more she drives, the more her chances of getting into accidents, the higher the chance for filing for auto insurance claims. So if she can commute or walk more instead of driving then the better.
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