Understanding Colorado DMV Insurance Requirements

What is Required by Law?

In the state of Colorado, it is mandatory for all vehicle owners to have a minimum amount of insurance coverage. This requirement is governed by the Colorado Department of Motor Vehicles (DMV). The purpose of this law is to ensure that drivers are financially responsible in the event of an accident or other incident.

The specific requirements vary depending on the type of vehicle and its intended use. For example, if you own a private passenger vehicle, you will need to have at least $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident, and $15,000 in property damage coverage.

Consequences of Non-Compliance

If you fail to comply with these insurance requirements, you may face severe penalties. The Colorado DMV can suspend or revoke your vehicle registration if you do not have the required coverage. Additionally, you may be subject to fines and even criminal charges.

It is also important to note that driving without insurance in Colorado is a misdemeanor offense, punishable by up to 90 days in jail and/or a fine of $500 to $1,000.

How to Verify Your Coverage

To ensure compliance, you must verify that your insurance policy meets the minimum requirements set by the Colorado DMV. You can do this by checking your policy documents or contacting your insurance provider directly.

It is also important to note that some insurance policies may not meet these requirements, so it's crucial to review your coverage carefully before purchasing a new policy.