Colorado State minimum auto insurance are as follows:
Coverage of $ 25,000 bodily
injury per person and $ 50,000 per accident, damage, liability, property $
15,000
Colorado insurers offer
uninsured motorist insurance at the same rate as bodily injury coverage
(25/50). Customers who wish to
opt for the uninsured motorist insurance must do so in writing. The same rule applies for medical
payment coverage.
When buying car insurance,
keep in mind that insurers recommend bodily insurance coverage of $ 100,000 per
person and $ 300,000 per accident. The
fault driver is responsible for paying all damages, even if the damages exceeds
what the at-fault driver is insured. If
you have enough insurance, you will avoid using their savings to pay for a
collision.
The average premium is $ 800
in Colorado, which is very moderate compared to other states. Though Colorado enjoys fairly
reasonable auto insurance rates, there are critical factors that determine
individual premiums. Most of
these factors are under its direct control - others are not. Credit rate, history location
management, and gender play a role in establishing costs.
The choice of car is key to
deciding how high your insurance rates will be. A modest car with high safety ratings
is much more affordable to insure than a sports car with great power.
If you want to save on your
premium, try raising your deductible. The
deductible is what you pay for when their insurance has to pay on a claim. Setting your deductible of $ 1,000
that will save you money on your premium after a year or two (not raise your
deductible unless you can afford it).
The best way to find
affordable auto insurance is to shop online. You
can compare several insurance companies by submitting your information only
once. Online shopping has proven
to be the most effective to shop and compare insurance rates auto method.
