Colorado Auto Insurance Quotes and Rates. Auto Insurence CO

A Brief Insight to the Auto Insurance Rules and Coverage in Colorado

Auto insurance policies purchased by the owner of a vehicle provide two forms of liability coverage: bodily injury liability and property damage liability. If you are responsible for an accident that injures other people, bodily injury liability insurance protects you against their claims for damages, such as medical expenses, lost wages, and pain and suffering. Property damage liability pays for damage you are legally responsible for in terms of property. It can be anything from a dented fender, to a broken glass, or a damaged wall or fence.

However, the Colorado no-fault auto insurance law has expired on July 1, 2003. All policies with an effective date on or after July 1 will be issued under a "tort" law.

The state's liability minimums are 25/50/25

Minimum Coverage: The auto insurance policies in Colorado have a mandatory coverage's for uninsured or underinsured motorists. The minimum liability limits for uninsured motorists in case of bodily Injury is $25,000/$50,000. For the damage of property the amount comes out to be $25,000. In case of the bodily injury of under insured motorists, the amount is $50,000.

You are required by law to have certain minimum level of coverage:

Mandatory Coverage	Minimum Requirement
Bodily Injury Liability (BI): When you are at fault in an accident, pays for accidental injury to or the death of another driver, the other driver's passengers, passengers in your car, and pedestrians.	$25,000 per person $50,000per accident
Property Damage (PD): When you are at fault in an accident, pays for the repair or replacement of other people's cars or property.	$25,000 per accident

Medical payments, PIP, and no-fault coverage

In addition to the general medical re-imbursements, the Medical payments provides with major coverage known to be as Personal injury protection and "no-fault" coverage. The facility is for all those who go for auto insurance in the state. In personal injury protection, you, along with your passengers, will get the expense for the treatment of injuries caused during an accident.
Other expanded features include payment for lost wages and childcare.

State	DUI/ DWI	Young Driver Licensing	Safety belt usage	Motorcycle Helmet use	Red light Camera	Child Restraint Use
CO	Fair	Fair	Marginal	Good	Poor	Good

Colorado Auto Insurance Law

According to the Colorado auto insurance law, the state is a tort state. This signifies that the drivers in Colorado bear financial responsibility for any damage and injury they cause in an accident. Therefore liability insurance coverage becomes equally important for the drivers to cover up their financial losses or the loss of income. Registration of the vehicle is prohibited in Colorado if the liability insurance is not issued for your vehicle.

Mandatory Requirements:
An auto insurance policy is the easiest way to pay back for the damages caused during an accident. Above all, it is a legal requirement without which, you can land up loosing your license. The policy also takes care of the property losses caused by you.

In accordance with Colorado auto insurance law, other acceptable documents to prove insurance include:

1.	A temporary insurance card issued by the insurer.
2.	A premium receipt or insurance binder issued by the motorist's insurance agent.
3.	The current declarations page of a liability insurance policy.
4.	The actual liability insurance policy issued for the vehicle.
5.	A certificate of liability insurance policy issued by either the insurer or an authorized agent.
6.	Proof of purchase of a motor vehicle with the previous 60 days and a valid insurance card issued for the motor vehicle replaced by such purchase. The proof of purchase is to be a copy of the bill of sale if the vehicle is a pre-1975 year model, or the owner's permit (yellow) copy of the application for certificate of title for a 1975 and subsequent year model vehicle.
7.	A copy of the rental agreement when renting a motor vehicle, which specifies the insurance coverage.

How Auto Insurance Rate Are Determined in Colorado

In Colorado, the rate of auto insurance is determined by taking into account the cost of insuring the state's drivers, as a whole. This includes the settlement fees and the legal fees as well. The average is taken out of the total amount to compute the rate per driver. But the rate varies, depending upon the individual and his/her status.

Other factors that decide upon your auto insurance rates are your age, the place you are living in, the vehicle you are driving and your previous driving records. So, if you want to update yourself about various auto insurance rates, ask for the auto insurance quotes. Comparing the rates through the auto insurance quotes of different companies could help you land up to a perfect choice.

Why Choose Advantage One Insurance?

Enjoying the freedom and mobility your vehicle provides is part and parcel of the American dream. Our job is to help you protect that dream.

Choosing the right automobile insurance coverage can be a confusing experience for most people. With different Liability limits, Comprehensive, Collision, Personal Injury Protection and Medical coverages to choose from it's easy for most consumers to make simple mistakes that could quickly become a drastic consequence towards their stability and financial well being.

The value of good automobile insurance doesn't become apparent until you really need it. Whether it's a minor fender bender or a more substantial accident, it pays to have insurance coverage you can count on.

Throughout this section our focus is to provide you with empowering information that enables you to better understand the many options involved in automobile insurance.

As an independent insurance agency it's our job to represent you, the customer. Consistently working to provide the individual coverage you require. When it comes to protecting your auto, home, business and family, don't leave it up to chance.. being insured with the best certainly has its advantages. That is just one of the reasons why the companies we represent have continually earned the highest ratings from AM Best, the leading independent insurance industry rating authority.

COLORADO Auto Insurance