Car Insurance Quotes In Colorado

Top Insurance Fraud Issue In South Carolina

Here in this article, we will give you car insurance quotes in Colorado. If you are in Colorado and planning to insure your car, then you are in the right place.

Colorado State Minimum Coverage By TheZebra

In Colorado, the state minimum requirement is liability coverage, with limits of:

  • Bodily Injury $25,000 per person
  • Bodily Injury $50,000 per accident
  • Property Damage $15,000 per accident

Optional coverage in Colorado (varies by carrier):

  • Comprehensive
  • Collision
  • Loan/Lease Payoff
  • Medical and Funeral Services
  • Rental Car Reimbursement
  • Roadside Assistance
  • Uninsured Motorist Bodily Injury
  • Uninsured Motorist Property Damage

What is Car Insurance Quotes

Car insurance quotes refer to estimates or pricing information provided by insurance companies for coverage on your vehicle. When you’re shopping for car insurance, you can request quotes from different insurance providers to compare costs and coverage options. These quotes are personalized based on various factors related to you, your vehicle, and your driving history.

Guide On How To Get Car Insurance Quotes in Colorado

  • Online Comparison Websites: Use online comparison tools and websites to get quotes from multiple insurance providers. Websites like Geico, Progressive, and Esurance allow you to enter your information and compare quotes.
  • Directly from Insurance Companies: Visit the websites of insurance companies that operate in Colorado. Some major insurance providers include State Farm, Allstate, and Farmers. You can usually get a quote by providing some basic information about yourself and your vehicle.
  • Independent Insurance Agents: Contact independent insurance agents in your area. They can help you compare quotes from different companies and provide advice on the coverage that suits your needs.
  • Local Insurance Agencies: Visit or call local insurance agencies in Colorado. They may offer personalized service and could have access to regional or state-specific discounts.
  • Department of Insurance: Visit the Colorado Department of Insurance website to get information about insurance regulations in the state. They might have resources to help you find insurance providers and understand your rights as a consumer.

When getting quotes, make sure to provide accurate information about your driving history, the type of coverage you are looking for, and any discounts you may qualify for. It is also a good idea to understand the minimum insurance requirements in Colorado.

Remember that insurance rates can vary based on factors such as your driving record, the type of car you drive, and your location. It is advisable to compare quotes from multiple sources to find the best coverage at a competitive price.

Lets see what insurance companies within Colorado have to say;

READ: How Much Liability Insurance Do I Need For Rental Property?

5 Car Insurance Quotes in Colorado

 

1. Liberty Mutual

In Colorado, it’s illegal to drive without insurance. Drivers in Colorado are required to have car insurance for

  • Bodily Injury to others
  • Property Damage
  • Uninsured Motorist Bodily Injury
  • Medical Payments

Here are the minimum auto insurance limits drivers must have in Colorado.1

Coverage

Amount

Bodily Injury to others $25,000 per person and $50,000 per accident
Property Damage Liability $15,000 per accident
Uninsured Motorist Bodily Injury Coverage $25,000 per person and $50,000 per accident
Medical Payments $5,000

The average cost of car insurance in Colorado was $1,6872 in 2021. That is 10% higher than the national average. Of course, your auto insurance cost will depend on many different factors including your age, where you live, and your driving history.

We do not have the current data, but you can check out.

2. GEICO

According to GEICO –

Colorado Auto Insurance Minimum Requirements

Vehicle owners driving on Colorado roads are required to have at least the following minimum limits on their insurance policy:

  • Bodily injury: $25,000 per person, $50,000 per accident
  • Property damage: $15,000 per accident
  • Uninsured motorist: $25,000 per person, $50,000 per accident*
  • Medical payments: $5,000 per accident*

Uninsured motorist and medical payments can be rejected by signing an option form.

There are additional optional coverages that you may carry to better protect yourself and your vehicles. A GEICO insurance counselor can assist you in choosing the best Colorado auto coverage for your needs.

3. NationWide

The minimum amount of Colorado auto insurance coverage is $25,000/$50,000/$15,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident. It also covers up to $15,000 for damage to another person’s property.

Colorado auto liability coverage

Two types of liability coverage are available and required by law in the state of Colorado:

  • Property damage, which safeguards your assets if you are found legally accountable for a covered accident, including property damage sustained by the other party.
  • Bodily injury, which safeguards your assets if you’re found legally accountable for a covered accident, including certain expenses associated with bodily harm sustained by the other party.

Liability coverage also provides for your legal defense if a lawsuit is brought against you as a result of a covered accident.

4. Valuepenguin

Colorado requires all drivers to have liability insurance. Policies must have a coverage limit of at least 25/50/15, which is a shorthand way of expressing the limits for each type of insurance.

Coverage
Required limit
Bodily injury liability $25,000 per person; $50,000 per accident
Property damage liability $15,000 per accident

Colorado drivers can choose to buy more coverage than what’s required. Options include coverage for uninsured motorists, medical payments, collision and comprehensive.

 

5. Allstate

Coverage type
State requirements

Bodily Injury Liability
Helps cover expenses related to the injury or death of another driver or a pedestrian when an accident is your fault.

$25,000 limit per person/$50,000 limit per accident

Property Damage Liability
Helps cover expenses related to the damage of another person’s property — like vehicles, homes, buildings and other structures — when an accident is your fault.

$15,000 limit

Uninsured Motorist
Helps cover your medical expenses if you’re in an accident, the other driver is at fault and doesn’t have any insurance.

Not required

Underinsured Motorist
Helps cover your medical expenses if you’re in an accident, the other driver is at fault and doesn’t have enough liability insurance.

Not required

Medical Expenses
If you and/or your passengers are hurt in an accident, this helps cover medical or funeral expenses.

Not required

Collision
Helps cover expenses to repair or replace your vehicle that’s been damaged in an accident.

Not required1

Comprehensive
Helps cover expenses to repair or replace your vehicle that’s been stolen or damaged by things like storms or vandalism.

Not required1

All coverages are subject to the coverage limits stated in your policy.

Although Colorado law does not require drivers to carry this coverage, it may be required by your lender if you are leasing or financing your vehicle.

READ: Why Do Mortgage Companies Require Homeowners Insurance?

How Much Is Car Insurance In Colorado Per Month?

According to MarketWatch the average cost of car insurance in Colorado is $2,173 per year or $181 per month for a full-coverage car insurance policy, according to our most recent analysis of data from Quadrant Information Services.

Discover more from LoveyBlog - Lovey Insurance Blog

Subscribe now to keep reading and get access to the full archive.

Continue reading