Colorado, like all other U.S. states, has auto insurance laws designed to protect drivers financially when collisions cause property damage and bodily injury. In Colorado, you must have at least $15,000 of coverage for property damage that you are responsible for causing. Additionally, you must have at least $50,000 in total accident bodily injury liability, with up to $25,000 available per person injured.
In addition to having coverage, you must carry proof of your Colorado insurance coverage with you at all times while operating a vehicle. If you are caught driving without the minimum insurance requirements, the State of Colorado can fine you $500 for a first offense or $1,000 for a second offense. You may also have your driving rights temporarily suspended.
Purchasing Colorado Auto Insurance
It is important to remember, however, that Colorado minimum coverage laws should be used as a starting point for determining how much coverage you really need. Just because you have enough insurance to legally operate a vehicle, it does not mean that you are fully financially protected in the event of an accident. You should have enough liability coverage to protect you from out-of-pocket costs that exceed your insurance coverage limits, as well as enough auto coverage to pay for repairs to your own vehicle and for your own medical expenses incurred in an accident.