Liability Auto Insurance

Reader’s Question:

What is the automotive liability insurance requirement here in Colorado?

Alex

Denver, CO

The Colorado Division of Insurance (DOI) states that all vehicle owners in Colorado must have auto insurance. The requirement mandates that drivers to be ready to show financial protection in case they cause damage to another person or property in the future. This is discussed in the Colorado Revised Statute 42-4-1409.

As stated in the statute, no owner shall operate or be permitted to operate a vehicle that has no certificate of insurance. This insurance must have coverage worth twenty-five thousand dollars for the bodily injury or death of one person, fifty thousand dollars for the bodily injury or death of two or more persons (in one accident only), and fifteen thousand dollars for property damage.

Auto insurance coverage beyond the said minimum may be availed, as well as additional coverage such as physical damage and uninsured/underinsured motorists.

If you are driving in Colorado, you must be sure that you are carrying auto insurance with the right coverage because noncompliance could cause you multiple penalties. If you are cited for driving without auto insurance for the first time, you will be required to pay a fine worth five hundred dollars and you will have 4 points in your motor vehicle record (MVR). A second citation would require a minimum fine a thousand dollars and suspension of license for 4 months. For the third citation, you would be required to pay a minimum fine of $1,000, suspension of license for 8 months, and community service.

Tags: auto insurance coverage, driving without insurance, liability insurance