Colorado Car Insurance Laws

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Mintz Law Firm

Car Insurance Laws in Colorado

Choosing car insurance coverage can be confusing, especially if you are unsure of Colorado state requirements. Choosing the right components of a policy is pertinent to ensure coverage in a car accident. This is where it benefits you to have the assistance of a Colorado car accident attorney who can help you navigate the scope of responsibility of your auto insurance provider. Mintz Law Firm has a proven record of success in helping motorists contend with insurance requirements following an accident. 

Colorado auto accident attorney

We do this through our vast knowledge of Colorado car insurance laws. Because we are so well-versed in this practice area, we ensure that you know how Colorado car insurance laws work and how to best proceed in the event of a collision. 

Colorado Car Insurance Laws Governing Coverage Requirements

Colorado car insurance laws are split into mandatory and optional coverage requirements. Knowing the difference between the two can make the difference when filing a claim after an auto collision. 

Mandatory: Liability Coverage

In Colorado, all motorists must carry liability insurance on their vehicles. This not only covers bodily injury to another person but also includes damage to another vehicle or property when the insured is at fault. The minimum coverage required by the state includes: 

  • $25,000 for bodily injury or death to any other person in a car accident
  • $50,000 for bodily injury or death to all persons in one accident
  • $15,000 for property damage in one accident

You may purchase higher coverages beyond those minimums required by the state if you desire. 

Optional: Uninsured/Underinsured Motorist Coverage

This coverage option pays for bodily injury caused by hit-and-run drivers, those without insurance or those who are underinsured. It provides coverage where the other person’s policy should have been applicable. It protects the insured individual when the driver at fault’s vehicle does not have the appropriate coverage limits in place. It does not cover the other driver, nor does it cover the damage to the at-fault driver’s vehicle. 

Comprehensive and Collision

This insurance type protects the insured individual against damage to their vehicles, such as theft, vandalism, fire or natural disaster. The collision component pays for damage sustained to the vehicle after a collision with another vehicle or object. It also pays for damage from a rollover. It is not required by Colorado law but is typically required for vehicle financing. 

Medical Payments Coverage

While your health insurance might kick in after a car accident, the costs may be high depending on the type of insurance you have. Medical payments coverage is a supplement to your health insurance and may help to alleviate the financial burden of medical expenses associated with an auto accident. These payments are typically meted out in increments of $1,000, up to $25,000. Car insurance companies are not required by Colorado law to offer this coverage component. 

Benefits of Working with an Attorney on Car Insurance Issues

Working with a reputable Colorado car accident lawyer following a collision can help you determine how to best address insurance issues. We will also work with you to determine what coverages you had in place before the collision and what Colorado law dictates so that you can make sound decisions as a consumer moving forward. Insurers are notorious for duping unsuspecting consumers into accepting settlement offers that do not match their coverage limits or meet their financial needs after a collision. 

At Mintz Law Firm, our clients benefit from our educational approach to handling the claims process. We ensure that you understand how the law does or does not support your case and what changes you can make in the future to ensure a better outcome in the event of a collision. Moreover, we hold your insurance company accountable for what you are owed following a car accident. 

Learn More from a Colorado Car Accident Attorney

If you are unsure how to navigate Colorado car insurance laws after an accident, reach out to a Colorado car insurance lawyer. Mintz Law Firm has experience helping clients through disputes with car insurance companies and negotiating to get you the settlement you deserve after a collision. Car insurance laws can be confusing, especially if you are dealing with the aftermath of an accident. We may be able to help compel your car insurance company to do the right thing in your situation. 

Schedule a free consultation today by calling us at (303) 462-2999. You can also contact us online to learn more. 

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