In Colorado, auto insurance is mandatory and regulated by the Colorado Department of Motor Vehicles (DMV). If you're a driver in Colorado, your policy must meet the following requirements:
- $25,000 for injury/death to one person
- $50,000 for injury/death to more than one person
- $15,000 for damage to property
Colorado is also a "fault" insurance state, which means that injured persons have multiple insurance options after an accident. Personal Injury Protection (PIP) is not mandatory, but it can help you pay for medical bills if an accident was your fault.
The Colorado DMV also requires auto insurers to offer $5,000 in medical payment coverage. If you do not opt-out of this coverage, insurers automatically add medical payment coverage and its higher premium to your policy. Although it is not mandatory, medical payment coverage provides funds in an accident regardless of fault.
Sample of Annual Colorado Auto Insurance Rates
Colorado Springs Auto Insurance
Colorado Springs is the second-largest city in Colorado with a population of more than 450,000 people. Situated near the Rocky Mountains, Colorado Springs is a popular spot for hiking and backpacking. Colorado Springs is known as "Olympic City USA," and plays host to the U.S. Olympic Committee, Olympic Training Center, and various other Olympic governing bodies. Colorado Springs also has a reputation for being the "Evangelical Vatican," because of all the religious organizations that call it home.
Interstate 25 runs north to Denver, and south to Albuquerque. In downtown Colorado Springs, Pikes Peak Avenue is named after the famous nearby mountain, which is part of the Rocky Mountains.
Denver Auto Insurance
Denver is the capital of Colorado, and the largest city in the state with a population of more than 680,000. Situated near the Rocky Mountains, Denver is known as the Mile-High City, because it has an elevation of 5,280 feet above sea level. It is considered a great place to raise a family.
Interstate 25 runs north into Wyoming, and south toward Albuquerque. The Interstate 70 business loop crosses through downtown Denver, passing by the Colorado State Capitol, and connects the Mile High City with Kansas City to the east, and Utah to the west.
Aurora Auto Insurance
Aurora is an eastern suburb of Denver, and is independently the third-largest city in Colorado with a population of about 325,000 people. Aurora is known as the Gateway to the Rockies, because of its proximity to the mountain range. Aurora was the site of a mass shooting at a movie theater and has since become a rallying point for gun control activists.
The Interstate 70 business loop connects Aurora with Denver to the west. Interstate 225 runs adjoins Aurora with Interstate 25, which runs south toward Albuquerque, N.M.
Fort Collins Auto Insurance
Fort Collins is the fourth-largest city in Colorado with a population of about 161,000 people. The college town is the site of Colorado State University. It is located near the Rocky Mountains.
Interstate 287 runs through downtown Fort Collins, passing by Colorado State University. On the east side town, Interstate 25 connects Fort Collins with Denver to the south and Wyoming to the north. The city also features nearly 300 miles of bike paths.
Pueblo Auto Insurance
Pueblo is the ninth-largest city in Colorado with a population of about 106,000 people. Not to be confused with Pittsburgh, Pueblo is another major steel-producing region. It is known as the "Steel City."
In Pueblo, Interstate 25 runs north to Denver, and south to Albuquerque, N.M. U.S. Route 50 crosses through Pueblo, heading east toward Maryland and west toward Sacramento, Calif.
Grand Junction Auto Insurance
In Colorado, Grand Junction is the largest town west of the Rocky Mountains, and the 15th largest city in whole state, with a population of about 58,000 people. The nearby Country Jam Ranch hosts popular music festivals. Grand Junction is a popular spot for mountain biking, hunting and fishing. The city is home to Colorado Mesa University.
Interstate 70 connects Grand Junction with Denver to the east, and Utah to the west. U.S. Highway 6 runs downtown and passes by Colorado Mesa University. U.S. Route 50 crosses through Grand Junction on the way from Maryland to California.
Thornton Auto Insurance
Thornton is a northern suburb of Denver. It is the six-largest city in Colorado with a population of more than 118,000 people.
Interstate 25 connects Thornton with Denver to the south and Wyoming to the north. Just outside the city, U.S. Route 36 connects Thornton with Boulder.
Arvada Auto Insurance
Arvada is a northwestern suburb of Denver. It is the seventh-largest city in Colorado with a population of more than 111,000 people. Arvada was the site of a missionary shooting in 2007.
From Arvada, Interstate 70 runs west through the Rocky Mountains and into Utah, and east past Denver toward Kansas City. Interstate 76 starts in Arvada and runs east through the midwest.
Castle Rock Auto Insurance
Castle Rock is the 17th largest town in Colorado with a population of about 55,000 people. It is situated near the Rocky Mountains. The town was named after Castle Rock, which lies to the north.
From Castle Rock, Interstate 25 runs north toward Denver, and south toward Colorado Springs. U.S. Route 85 also runs north into Denver.
Finding Auto Insurance Resources in Colorado
You have many resources available for learning about auto insurance. A simple chat with an auto insurer or a trip to the DMV can help you learn about all the regulations and requirements for auto coverage.
If you're in an accident with an uninsured or underinsured motorist, you can still receive full compensation and coverage under Colorado Statute 10-4-609. This statute states that Colorado insurers must provide uninsured coverage with every policy.
Because of your driving history, insurance companies may designate you as a "high-risk" individual and refuse coverage. The Colorado High Risk Auto Plan connects you with insurance companies so that you can always find a policy.
Getting Colorado Auto Insurance Discounts
Fortunately, you can find many discounts available when you're searching for car insurance. Here are some things that can affect the price of your auto insurance policy:
- Age (those under 25 pay higher rates due to increased accident risk.)
- Gender (male drivers pay more for coverage).
- Marital status.
- Driving record.
- Where you live (some areas have a higher risk of theft.)
- Your vehicle (newer vehicles are typically cheaper to insure because of advanced safety features.)
A good way to find affordable coverage is to get insurance quotes from several companies. Try to get at least three different quotes and always ask the insurer about ways that it can help lower your costs.
Other ways you can save on auto insurance include:
- Requesting higher deductibles (for example $1,000 instead of $500.)
- Asking about discounts for vehicles with higher safety ratings.
- Asking about discounts for taking a Defensive Driving Course.
Moving to Colorado: Important Information
If you're moving to Colorado, you have 30 days to obtain a Colorado driver's license after becoming a resident. To get your license, you must go to the local DMV to fill out the application and provide proof of U.S. residency. You are also required to take a vision and aptitude test and surrender your out-of-state driver's license. If you are under 18, your parent or legal guardian must sign an Affidavit of Liability (DR2460).
You have 90 days after becoming a resident to register your out-of-state vehicle as well. To register your vehicle in Colorado, there are a few things you must do:
- Provide Certificate of Title.
- Complete DR 2395 Verification of the Vehicle Identification Number.
- Provide proof of insurance.
- Take an emissions test if applicable.
Understanding Driving Laws in Colorado
There are many laws that you need to know about before driving in Colorado. These laws can be confusing for out-of-state drivers and new residents.
You should know about seatbelt laws in Colorado, as these are strictly enforced. Drivers, front seat passengers, and any children up to 16 must wear a seatbelt at all times. Additionally, children from 4 to 7 years old must have a booster seat. Children from 1 to 4 must have a front-facing safety seat, and children under 1 must have a rear facing safety seat.
Driving under the influence of alcohol and/or drugs is quite different from other states. If you have a blood alcohol content of 0.05 percent or higher, you'll face hefty fines and potential jail time. That figure is 0.08 percent in nearly every other state.
Frequently Asked Questions About Colorado Auto Insurance
Auto insurance can be difficult to understand. Following are some common questions that you may have about auto insurance:
1. Are you covered while driving someone else's car?
Car insurance always goes with the car and not the driver. If you get into an accident while driving someone else's car, his or her insurance would cover damages. However, many insurance companies have strict rules that state you must be listed on another person's policy to qualify for coverage, so this is important to note before getting behind the wheel of a car that isn't yours.
2. Will basic insurance cover collisions with an animal?
Hitting deer and other animals is a common problem in Colorado, and your basic liability insurance won't cover the damages. Collision coverage will cover damages to your vehicle, but even this policy won't cover bodily injuries. A rider (add-on coverage) that covers medical expenses is a smart idea in Colorado, as it can help defray your medical costs whether you hit an animal, another vehicle, or anything else. Comprehensive coverage will cover damage to your car if you hit an animal.
3. What is the difference between collision and comprehensive coverage?
Collision coverage provides insurance when your car collides with another car or an object. Comprehensive coverage protects your vehicle against theft and any other kind of physical damage.
How to Get Great Rates on Colorado Auto Insurance
Finding an auto insurance quote can seem overwhelming – but insuranceQuotes.com helps you find the best car insurance policy at the best price. Every year, we match 15 million consumers to the nation’s biggest auto insurance companies, including State Farm, Allstate and Liberty Mutual.
insuranceQuotes.com connects you with local and national insurance companies that give you free car insurance estimates by phone or email within minutes. By comparing multiple quotes, you can be sure that you’re getting the best price for car insurance.
Colorado Auto Insurance Resources
If you want to know more about your Colorado auto insurance quotes, here are some resources that may help.
Colorado Department of Insurance
Information on all types of Colorado insurance, from auto insurance to bail bonds, plus a library of brochures and reports for consumers
Colorado Auto Insurance Information
Information, tips and Q&Amp;As regarding Colorado auto insurance and auto insurance laws
Colorado Department of Revenue, Division of Motor Vehicles
A place to obtain forms and learn about Colorado driver’s licenses, vehicle registrations, license plates, and driver education
Colorado Consumer’s Guide to Auto Insurance
Colorado Cell Phone Driving Laws
Can you talk and drive in Colorado?
insuranceQuotes.com Auto Rate Methodology
Rates are based on one vehicle and one driver who has state minimum coverage with $500 deductibles. The hypothetical driver is 35 years old, female or male, employed, a college graduate, and has good credit. She has no traffic violations, claims, or lapse in coverage. The vehicle is assumed to be a sedan that is garaged on premises, used primarily for commuting, and driven 16,000 miles per year. Rates include commonly available carrier discounts and are estimates and not guaranteed.