Colorado Auto Insurance Coverage And Requirements

Colorado Auto Insurance

It is required that every driver in Colorado must have an auto insurance. Drivers who fail to show proof of insurance can face penalties upwards of $500, and in some cases, such driver will be suspended licenses and community service hours.

Auto insurance regulations are enforced by the Colorado Department of Regulatory Agencies, Division of Insurance. You can get Colorado car insurance quotes online, if you need car insurance or want to switch companies.

Colorado Auto Insurance Requirements

Colorado drivers are required to have at least the following minimum limits on their insurance policy:

  • Bodily Injury: $25,000 per person, $50,000 per accident
  • Property Damage: $15,000 per accident
  • Uninsured Motorist: $25,000 per person, $50,000 per accident
  • Medical Payments: $5,000 per accident

Uninsured Motorist and Medical Payments can be rejected by signing an option form.

Colorado Car Insurance & Registration

If you want to register your car or renew your registration, you will be required to show proof of auto insurance to the Colorado Division of Motor Vehicles (DMV).

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The DMV will accept any of the following as proof of insurance:

  1. Insurance card.
  2. Copy of car insurance policy.
  3. Printout copy or fax of insurance policy.
  4. Image of the auto insurance card on a mobile phone.
  5. E-mail from the insurer.

NOTE: If you fail to register your vehicle, you will face penalties or fines.

In other, to determine your Car Insurance Rate, Colorado auto insurance rates are based on many factors, including your credit report.

Car insurance companies can also use your:

  • Driving history.
  • Age & gender.
  • Marital status.
  • Neighborhood or city’s safety.
  • Car make and model.

Points on your driver’s license for traffic violations, including DUI and DWI violations, can raise your insurance rates.

SEE ALSO: What Is SR-22 Auto Insurance and Who Offers SR-22 Certificates

Most Stolen Cars in Colorado

Driving a car that is known to be a target for theft can increase your car insurance rates.

Below is list of the most stolen cars in Colorado according to www.nicb.org:

  • Honda Accord.
  • Honda Civic.
  • Ford Pickup (Full Size).
  • Jeep Cherokee/Grand Cherokee.
  • Chevrolet Pickup (Full Size).
  • Toyota Camry.
  • Dodge Pickup (Full Size).
  • Acura Integra.
  • Ford Explorer.
  • Chevrolet Pickup (Small Size).