Mandatory Automobile Insurance in Colorado

Automobile owners in Colorado are required to carry liability insurance.  Liability insurance covers bodily injury to another person or property damage to another's vehicle or property when the insured is at fault for an accident.  The following minimum coverages are required by the state, although higher coverages may be purchased:

• $25,000 for bodily injury or death to any one person in an accident;
• $50,000 for bodily injury or death to all persons in any one accident; and
• $15,000 for property damage in any one accident. 

Self‑insurance.  Any individual who has over 25 vehicles registered to his or her name may qualify as a self‑insurer by applying for a certificate of self‑insurance from the state Insurance Commissioner.  The Insurance Commissioner must ensure that the individual will be able to pay the minimum coverages required by the state.  For more information on self‑insurance, contact the state's Division of Insurance within the Department of Regulatory Agencies (DORA).