posted
23/09/09
Colorado state car coverage minimums are as follows:
-Bodily injury insurance coverage of $25k per person and $50k per accident -Property damage liability $15k
Colorado insurers offer uninsured motorist coverage at the same rate as bodily injury insurance coverage (25/50). Customers who wish to opt out of uninsured motorist coverage must do so in writing. The same rule applies for medical payment insurance coverage.
When buying car coverage, keep in mind that insurers recommend bodily coverage insurance coverage of $100,000 per person and $300,000 per accident. The at-fault driver is responsible for paying all damages, even if the damages exceeds what the at-fault driver is insured for. If you have enough coverage, you will avoid tapping into your savings to pay for a collision.
The average payments is about $800 in Colorado, which is very moderate compared to other states. Though Colorado enjoys fairly reasonable auto insurance rates, there are very important factors that determine each persons premiums. The majority of these factors are under your direct control – others are not. Credit rate, driving record, location, and gender all play a part in establishing your premium payments.
Your choice of car is key in 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 high horsepower.
If you want to save on your premium, try raising your deductible. The deductible is what you pay when your insurance has to pay out on a claim. Setting your deductible at $1,000 will save you money on your premium after about a year or two (dont raise your deductible unless you can afford it).
The best way to find affordable auto insurance is to shop online. You can compare multiple insurance companies by submitting your information only once. Online shopping has been proven to be the most effective method for buying and comparing auto insurance rates.
Need colorado car insurance quote? Go to clicksmore.com for quick auto insurance quote!
posted
08/06/09
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 insurance in Colorado including minimum coverage amounts, a new law that went into effect January 1, 2009, and where to get a Colorado auto insurance quote before you buy your policy.
In the state of Colorado the minimum amount of auto insurance 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 insurance companies to include a minimum amount of medical coverage on all car insurance 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 insurance 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 insurance 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.
