Auto Insurance Minimum Pueblo Colorado CO

Reader’s Question:

I tried to search online for auto insurance in Pueblo Colorado CO and was faced with this number 20/40/10. What does this mean?

Isaac

Pueblo, CO

These three numbers called your liability limits, represent the maximum allowable coverage (in thousand dollars) for you in case of a vehicular collision. The first two numbers are limits for bodily injuries expense which can include medical expenses, and lost wages due to lost time of the person involved in the collision. The last number is the limit for expenses for property damage, which corresponds usually to repair of the vehicle, or other properties you might have damaged say a fence or part of a house. Like you said, these numbers will be quoted to you when you search online for auto insurance in Pueblo Colorado CO.

These numbers, however, do not exempt you from taking full responsibility for the damages you have caused. If for example, it took $15,000 to repair the property you have damaged and your property damage coverage is only $10,000 you are required to pay the remaining $5,000 from your pocket, otherwise you run the risk of being sued.

There are many reputable auto insurance companies around Pueblo Colorado CO. It might be beneficial for you to visit some of them to discuss in length liability insurance and to have a proposal custom-fitted for your specific needs and desires.

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