Uninsured Drivers And Car Insurance In Colorado
All vehicles must be covered by auto insurance in the state of Colorado. The state law requires a minimum bodily injury limit of $25,000 per injured person and a total minimum of $50,000 per accident. Vehicles are also required to have property damage liability coverage. The minimum required limit for property damage liability is $15,000. The coverage required in Colorado is often referred to as 25/50/15 coverage.
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A tort system is in place in the state of Colorado. A tort system means that someone must be found to be at fault for causing the accident. Once someone is found to be at fault that person and their insurance company are responsible for all of the damages associated with the accident.
Colorado auto insurance: uninsured drivers
Despite the laws that are in place in the state, many people are still driving without insurance. The estimated amount of uninsured drivers nationwide is 14%. There is also evidence that this number is increasing with the current economic conditions.
If someone is caught driving without proof of auto insurance, there is a minimum fine of $500 and four points on their driver's license for the first offense. The penalties increase for subsequent offenses. On a related note, Colorado does not require uninsured or underinsured motorist bodily injury coverage, but it is available as an option on most policies.
What you should expect to pay for auto insurance in Colorado
The average Colorado auto insurance premium cost is $1,638. This is a 26% increase when compared to the costs in 2008. Of course, insurance companies offer different rates and packages. Therefore, it is best to understand what is available from the various providers. You can get started by requesting a free quote for Colorado auto insurance. You should receive quick response from an experienced representative who can provide Colorado auto insurance services and advice to help you in your purchase.