Colorado Car Insurance Requirements (2024)

Welcome to our comprehensive guide on Colorado Car Insurance Regulations & Required Coverage. Navigating the world of car insurance can be complex, especially when it comes to understanding the specific regulations and coverage requirements in Colorado.

In this informative article, we dive into key topics such as minimum liability coverage, uninsured/underinsured motorist coverage, personal injury protection (PIP), and more. By staying informed about the legal obligations and necessary coverage, you can ensure compliance while protecting yourself on the road.

Ready to find the best insurance coverage at competitive rates? Enter your zip code below to compare quotes from top insurance providers in Colorado. Safeguard your vehicle and enjoy peace of mind knowing you have the right coverage.

Required Coverage

All personal vehicles in Colorado require the following liability coverage requirements:

• Bodily Injury
• Property Damage

Additional insurance coverage can include:

• Uninsured / Underinsured Coverage
• Comprehensive and Collision Coverage

Uninsured / Underinsured coverage helps pay for any expenses resulting from being in an accident with a driver who is uninsured, underinsured or left the scene of the accident before you were able to get any contact information. Even though car insurance is required in Colorado, many drivers still get on the road without insurance or do not have enough coverage to meet all the expenses in a
bad car accident.

Comprehensive and collision is a type of optional coverage that can also help pay for expenses not covered in a basic car insurance policy. Collision pays for damages from any sort of accident or collision. Comprehensive pays for damages from events other than a collision such as hail damage or having your car stolen. Each have deductibles that you can set that need to be reached before the
insurance company starts paying you back. Regardless if your car is not listed as one of most stolen vehicles in Colorado, it’s recommended to
purchase this coverage.

Proof of Insurance and Financial Responsibility

Establishing proof of insurance and financial responsibility

• Get a standard liability car insurance policy
• Self Insurance – to qualify to be self insured, drivers/companies need to have at least 25 vehicles registered in their name

Required Documentation

In order to provide proof of insurance, you can provide one of the following:

• Insurance ID Card
• Copy of Insurance Policy or Binder
• Letter from your insurance company on their letterhead.
• Certificate of self insurance

You must maintain proof of insurance and financial responsibility and present it:

• When asked by a police officer
• After an accident
• When registering your vehicle, renewing your registration or receiving a temporary permit
• Anytime you are operating a vehicle

Failure to Maintain Financial Responsibility Penalties

If you are unable to show proof of insurance within 45 days of being asked, you can face one of the following penalties:

• First offenses result in a minimum fine of $500, 4 points being added to your license and a possible suspension
• For second offenses, you can face a minimum fine of $1,000 and a 4 month suspension of your license
• If you are caught without insurance a third time, you will face a minimum fine of $1,000, community service and a suspension of 8 months

Colorado Insurance Agents

Denver Car Insurance | Colorado Springs Car Insurance | Aurora Car Insurance | Fort Collins Car Insurance | Lakewood Car Insurance | Thornton Car Insurance | Arvada Car Insurance | Westminster Car Insurance | Centennial Car Insurance | Pueblo Car Insurance | Boulder Car Insurance | Greeley Car Insurance | Longmont Car Insurance | Loveland Car Insurance | Broomfield Car Insurance | Grand Junction Car Insurance | Castle Rock Car Insurance | Commerce City Car Insurance