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Colorado Auto Insurance – Mandatory and Optional Types of Insurance in Colorado

No matter whether you are planning to buy your first car or whether you want to renew your Colorado auto insurance, you have to comply with the current regulations in the state of Colorado. It is worth learning more about the required types of coverage and their minimum amounts as well as about the optional coverage and whether you should get it or not.
Your policy must include bodily injury liability coverage and property damage liability coverage. The Colorado auto insurance regulations have set minimum amounts for both. You are required to purchase at least $25,000 of bodily injury liability coverage per person and $50,000 of liability per accident. The amount of property damage liability you are legally obliged to purchase is $15,000.
You are free to purchase as much of these types of coverage as you deem fit. It is important for you to calculate the financial risk you are taking by getting smaller liability coverage. In general, the more you purchase the less likely you are to use your savings and possibly other assets to pay victims of a car crash that you have caused. Experts usually recommend buying around $100,000 of bodily injury liability per person and …