Colorado Car Insurance
Colorado Car Insurance
One important reason why the people of Colorado must insure their cars is their weather condition. Weather condition alone can cause damage and accidents. And being involved in an accident is a strenuous moment of your life, thus if you have insurance it will minimize your worries of where will you get thousands of dollars.
Legal Requirement
The state of Colorado requires motorists to carry minimum levels of insurance for Bodily Injury Liability and Property Damage Liability coverages. These are:
• $25,000 Bodily Injury Liability (per person)
• $50,000 Bodily Injury Liability (per accident)
• $15,000 Property Damage Liability
Penalties
Being caught driving without insurance, will result in a minimum of $500 fine and you can get a lifetime negative mark on your driving record. This record may affect your rate of premiums, because insurance companies may use this as to charge you of higher rate. And if you insist on not having an insurance, second offense may suspend your license and you will be fined $1000.
Even if the state does not require you to have Uninsured Motorist Coverage, you may still opt to have it so that you may lower the rate of your payments. Then you may compare other insurance rates online.
