Colorado is a big state with countless roadways. Whether you’re looking for a new auto insurance policy in Colorado, or are just now moving to the Rocky Mountain state, be prepared for some differences from your old coverage. Below, we will highlight the insurance requirements in the state of Colorado and also help you find cheap auto insurance coverage in the state.

Auto Insurance Minimum Requirements In Colorado

These days Colorado is no longer a “No-Fault” state when it comes to auto insurance. In 2003, the state switched to a “Tort” system. Under this new system, drivers no longer need to carry Personal Injury Protection (PIP) on their policies. PIP covers certain medical expenses incurred in an accident. If you carry health insurance from another source (from work, parents, etc.), this will satisfy your auto requirements and drop your annual auto premiums by as much as 20%.

On the other hand, you will be held liable for damages you cause in an accident. This means lawsuits may be brought against you to compensate for damages not covered under your policy, as well as other losses, such as pain and suffering. Because of this, you may want to re-evaluate specific aspects of your policy.

Optional coverage in the state of Colorado includes collision, comprehensive, uninsured and underinsured motorists, and may available through your auto insurance representative.

Coverage Type Required? Minimum Coverage Amount Required
Bodily Injury Liability Yes $25,000 per person$50,000 per accident
Property Damage Liability Yes $15,000
Uninsured/Underinsured Motorist No $25,000 per person$50,000 per accident

You may want to consider purchasing limits of coverage higher than those required by law to protect your assets or property, as you may be personally responsible for any damages above the policy limits.

Auto Insurance for Leased Vehicles in Colorado

Most leasing companies in Colorado typically require drivers to maintain insurance coverage which exceeds the minimums set by Colorado state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage for your leased vehicle:

  • Bodily injury liability coverage: $100,000 per person/$300,000 per accident
  • Property damage liability coverage: $50,000
  • Comprehensive and collision coverage: $500 maximum deductible

Auto Insurance Agents By City/Town In Colorado

Contacts for Auto Insurance Information in Colorado

Colorado Division of Motor Vehicles 
1881 Pierce St.
Lakewood, CO 80214
Colorado Division of Insurance 
1560 Broadway, Suite 850
Denver, CO 80202