CONSUMER’S GUIDE TO AUTO INSURANCE
The Colorado Division of Insurance prepares this booklet to assist you in “shopping” for auto
insurance and to help you understand your Personal Auto Policy.
When shopping for insurance, please remember there are factors to consider other than price,
such as the level of service offered. Your premium will vary depending on the coverages you
choose, your driving record, the type of vehicle you drive, your age, and other factors. A list of
all companies offering personal automobile insurance in Colorado is available upon request by
calling the Division of Insurance.
Shopping for insurance is not easy. It takes time and effort and can be confusing.
We hope this booklet meets your needs. If we can assist you in any way, please call one
of our Consumer Analyst at:
Denver: (303) 894-7490
Toll Free in Colorado: 1 - 800 - 930-3745
BUYING AUTOMOBILE INSURANCE
When buying auto insurance, it is recommended that you seek advice from an insurance agent.
This booklet is designed to be a tool to help you understand the process and value of insurance
Bodily injury and property damage coverages (liability coverages) can be purchased as split limit
coverage or as combined single limit coverage. The minimum limits of liability required by
Colorado law are 25/50/15. If you choose to purchase the coverage as a combined single limit,
the minimum allowable is $65,000 under Colorado law.
Comprehensive and collision coverages are not required by Colorado. Colorado law requires
collision coverage be offered by an insurance company. However, if you borrowed money to
purchase your automobile, your lender may require you to carry this coverage until the loan is
paid. You are not required to carry medical payments or uninsured/underinsured motorist
coverage, but all insurance companies are required to offer uninsured/underinsured motorist
coverage in an amount equal to your bodily injury coverage or one hundred thousand dollars per