Colorado Direct Auto Insurance is a requirement for all drivers and the penalties for driving without direct auto insurance can be severe. Not only do Colorado drivers face stiff penalties and fines but also expose themselves to great personal liability without direct auto insurance. Before buying or registering a vehicle in Colorado its important to become familiar with Colorado direct auto insurance requirements.
How much direct auto insurance Colorado do I need?
Much like all states Colorado requires drivers to carry minimum levels of liability direct auto insurance. Although most drivers opt for coverage well beyond these minimum requirements its illegal to drive an auto without at least the following levels of coverage:
- $25,000 bodily injury insurance
- $50,000 combined bodily injury per accident
- $15,000 property damage
These minimum direct auto insurance requirements are typically classified as 25/50/15 coverage and may seem like sufficient coverage on the surface but are in fact fairly low, especially considering drivers are only required to cover liability ins. Liability direct auto insurance does not cover damages or injuries to you (if the accident was your fault) so in some ways you remain uninsured by purchasing just the state minimum requirements. Most Colorado drivers opt for a well rounded direct auto insurance Colorado policy that consists of collision, liability and comprehensive direct auto insurance.
Another minimum requirement by Colorado State is that drivers carry a minimum of $5,000 medical payments coverage. While this is mandatory the state does allow drivers to opt out although most drivers still purchase it. Medical payments coverage is very attractive since it’s not based on fault and is extremely affordable providing insurance for first responder costs such as ambulance and emergency room costs.
How much direct auto insurance Colorado should I buy?
This really depends on your profile but most drivers consider purchasing a full coverage direct auto insurance policy which consists of liability, collision and comprehensive coverage. Drivers of newer vehicles may even consider GAP insurance and other forms of insurance. Your unique situation will determine how much direct auto insurance you should buy but it’s never recommended to only purchase the state minimum. Although $25,000 in liability direct auto insurance sounds like a lot its only a small blanket of protection in a serious auto accident especially considering the cost of medical care and litigation in today’s society. If you are involved in a total loss accident there is even a very high chance just the replacement cost of the vehicle may exceed your policy limits. It’s not uncommon to have over $100,000 of direct auto insurance and the cost of increasing your direct auto insurance coverage is often very affordable.
 |
| Direct Auto Insurance |
Colorado DUI Laws
Colorado has 2 levels of driving under the influence, both which are very serious offenses.
A typical Colorado DUI involves a driver operating a vehicle with a blood alcohol content (BAC) greater than 0.08% and this can carry up to a 9 month license suspension, a $1,000 fine and more. Driving under the influence is a very serious offense in Colorado.
Unlike some states Colorado also has a charge known as DWAI – Driving while Ability Impaired where drivers with a blood alcohol level between 0.05% and 0.08% can be charged. This is vastly different than most states so to even have one drink and drive is risking possible jail time, license suspension and fines in Colorado. Learn more about Colorado DUI Laws here.
How much is Colorado direct auto insurance per month?
Direct auto insurance Colorado rates average just under $1,500 a year for most good drivers which are about 5% higher than the national average. However depending on your profile you may pay more or less. Colorado has a very competitive direct auto insurance market and there is no shortage of direct auto insurance companies competing for your business. The best way to find the cheapest direct auto insurance quotes in Colorado is to shop around and compare quotes from multiple providers.
No comments:
Post a Comment