Colorado Auto Insurance Laws
In Colorado, car insurance is necessary for all drivers. Automobile insurance regulations are implemented because of the Colorado Department of Regulatory Agencies, Division of Insurance.
Until 2003, Colorado ended up being a “no-fault" state, but changed what the law states being lessen the expense of insurance premiums and help prevent statements abuses.
Colorado motor insurance today runs as a tort system, meaning that fault must certanly be founded before an insurance business will probably pay a claim.
Needed Motor Insurance
Colorado drivers should have liability insurance coverage, which takes care of just the various other car and/or driver when a major accident is your fault.
Colorado motorists must have responsibility protection at following minimums:
Other motor insurance is optional.
Optional Auto Insurance
Colorado auto insurance providers additionally provide a number of recommended coverage kinds:
NOTE: Finance and renting sellers require you to have collision and car insurance on any financed vehicle.
CO Car Insurance & Registration
The Colorado Division of cars (DMV) requires you to definitely show evidence of auto insurance to join up your vehicle or renew your registration.
The DMV need some of the following as proof of insurance: