In order to legally operate a motor vehicle in Colorado, all drivers are required to carry liability insurance to protect third parties from injuries or damages sustained in an at-fault accident. In fact, since 1997, Colorado has maintained an online database that lists individuals residing in the state and whether or not they carry at least the minimum required auto insurance coverage. The goal of the database is to reduce the number of uninsured drivers on the road while also decreasing the expenses related to auto accidents. Access to the database is reserved for law enforcement, court officials, and other government agencies.
Liability insurance helps pay for damage to third parties, including medical expenses and property damage that is caused because of the insured person’s negligence. Additionally, liability insurance kicks in to cover damages if an unauthorized driver is operating your vehicle without permission and causes an accident. Not only does Colorado law require you to carry minimum liability coverage, but also you must have uninsured/underinsured motorist coverage, which helps pay for any damages caused by another driver that does not have insurance or is involved in a hit and run.
Collision and Comprehensive coverage are not required by law, but if your vehicle is financed or leased, the lienholder is likely to mandate it. Collision, as the name implies, pays for damages caused by an accident with another vehicle or object while comprehensive covers non-vehicle accidents such as storm damage, flooding, theft, or vandalism.
At the Atrium Insurance Group in Centennial, CO, our team of insurance professionals are ready to help you find the perfect auto insurance policy for your needs. We’ll take the time to learn your unique situation so that we can offer you a policy that is tailored to you.