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Some Important Facts You Should Know About Colorado Auto Insurance
By James Ferris
Like most places, the state of Colorado requires all drivers to carry auto insurance. This article is going to talk about some of the things specific to car in Colorado including minimum coverage amounts, a new law that went into effect January 1, 2009, and where to get a Colorado auto quote before you buy your policy.
In the state of Colorado the minimum amount of auto that you are required to have is known as a 25/50/15 coverage plan. What those numbers refer to are the amounts of liability coverage for bodily injury and property damage. The law requires you to carry a minimum of $25,000 in liability coverage per injured person up to a total of $50,000 per accident and property damage liability of $15,000.
Of course those are the absolute minimum required by law. You may wish to carry a little more coverage. If you drive a newer or more expensive vehicle you may also wish to carry more than just liability coverage so that your vehicle will be repaired or replaced even if you are at fault in an accident.
On January 1, 2009 a new law went
into effect in Colorado requiring companies to include a minimum amount of medical coverage on all car policies issued. This medical payment coverage is known as Med-Pay. Med-Pay is intended to help cover immediate medical costs such as ambulances and emergency room visits for uninsured drivers and passengers regardless of who's at fault in the accident.
All companies are required to include the Med-Pay coverage on all new and renewal policies. Consumers can opt out of this coverage but they must do so in writing.
Whether you choose to go with the minimum amount of coverage allowed by law or a more comprehensive plan that offers more protection, you'll certainly want to find the best possible price for the amount of coverage you are looking for. The best way to do this is by comparison shopping. You can get a free Colorado auto quote from a number of different providers, allowing you to quickly and easily find a company that offers the best price on the coverage you need. A few minutes spent comparison shopping can save you thousands of dollars.
If you need to find a good Denver car insurance plan it's a good idea to shop around for the best car insurance rate quote to make sure you're getting the best deal. |
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insured - covered by insurance; "an insured risk"; "all members of the film cast and crew are insured"
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