Each state has laws and regulations that car drivers should understand before and during operating their vehicles. Colorado has its own specific set of rules for car drivers.
Automobile insurance requirements: All drivers must carry liability insurance with specific policy limits required by the state. If you’re in an accident in which you were at fault, this insurance will cover the affected driver’s expenses related to bodily injuries, death and property damage.
Mandated minimum coverage includes:
- $25,000 for bodily injury or death to one person per accident
- $50,000 for bodily injury or death to multiple persons per accident
- $15,000 for property damage per accident
Drivers without proof of insurance can face fines over $500, license suspension and community service hours.
While this satisfies the insurance requirements mandated by law, we recommend purchasing higher limits to protect yourself and your assets in accidents where the damages may be higher than