In Colorado, the state minimum coverage requirement is liability with limits of:
Bodily Injury $25,000 per person
Bodily Injury $50,000 per accident
Property Damage $15,000 per accident
Optional coverage in Colorado (varies by carrier):
Comprehensive
Collision
Loan/Lease Payoff
Medical and Funeral Services
Rental Car Reimbursement
Roadside Assistance
Uninsured Motorist Bodily Injury
Uninsured Motorist Property Damage
Liability coverage is legally required in Colorado and pays for injury and lost wages that you cause to another driver or their passengers as well as damage to the other driver’s vehicle in the event that you are considered “at fault” in an accident. The coverage limits are determined by each individual state and normally split into three categories. In Colorado, the minimum is listed as 25/50/15 and explained below:
$25,000 bodily injury coverage per person. This is the maximum dollar amount that pays for a single person that you injure in an auto accident.
$50,000 bodily injury coverage per accident. This is the maximum dollar amount that pays for all injuries that you cause in an accident if more than one person is hurt.
$15,000 property damage per accident. This is the maximum dollar amount that pays for damage that you cause in an accident.
These numbers reflect the minimum limits required in Colorado but higher coverage amounts are available with most companies.
