Colorado Car Insurance Requirements, Laws and Coverage
Since Colorado car insurance is mandatory or stated under the law, drivers are obliged to insure their vehicles at least at the minimum insurance coverage of 15/10/30. It is necessary however to know what you must go through to fulfill this government requirement. As part of Colorado law, any person or family within or entering the state of Colorado must register his or her vehicle to the authorities after having it insured accordingly.
Guidelines for Drivers
There are many insurance companies who would willingly give you an approval upon receiving the details of your car and what kind of driver you are. However, companies differ in the quotes they provide clients since companies compete and most especially try to garner as many clients as possible. One thing you must keep in mind when looking for an insurance company to apply to is its reputation, prestige and years of experience in the business. Naturally, a great number of people will put their trust to a company with good standing and that’s what you should do as well. You must also keep in mind that reputable companies have more flexible insurance policies compared to small time insurance companies.
When applying for insurance, the most important thing and probably the only factor that an insurance company will look at is the risk factor. Your background and your skills will be pried upon by insurance brokers and agents to assure them that you can be an asset and not a liability. Most companies will require you to provide information about the driver. If on the other hand you are the driver applying for car insurance you need to give out information about your self. The information you need to provide will include gender, age, marital status and employment. Male drivers have a higher incident of accidents compared to female drivers. Single individuals are also at a higher risk compared to married individuals, and so on. Still under risk, the city and neighborhood you came from will also play a part in your insurance policy. Another thing that’s often included in the risk factor is the vehicle you will be driving. The model, make, type and even age of the car are also considered. These and many other things are looked up by the insurance company to come up with quotes and policies you can choose from which is best applicable at your convenience.
Colorado Department of Insurance
- 1560 Broadway
- Suite 850
- Denver, CO 80202
- Phone: (303) 894-7499
- Fax: (303) 894-7455
Colorado Department of Transportation
- 4201 E. Arkansas Avenue
- Denver, CO 80222
- Phone: (303) 757-9011
- Office hours: 8 a.m. to 5 p.m., Monday - Friday