Colorado Insurance Requirements & Rates

Colorado requires minimum liability coverage of 25/50/15 (bodily injury per person / per accident / property damage). Colorado is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Colorado homeowners face risks from hail storms, wildfires, tornadoes, flooding. The flood risk level is moderate and earthquake risk is low. Separate wind/hail deductible common in tornado-prone areas. The average annual home insurance premium is $3,358.

Colorado requires riders under 18 to wear helmets. Lane splitting is not legal. The riding season is april–october.

Yes, workers' compensation insurance is required in Colorado. Sole proprietors and partners may opt out. Colorado has approximately 700,000 small businesses, with top industries including Technology, Aerospace & Defense, Tourism.

Yes, Colorado has expanded Medicaid. The state has its own state-based health insurance marketplace at https://connectforhealthco.com. The uninsured rate is 7%.

Yes, landlords in Colorado can require tenants to carry renters insurance as a condition of the lease. About 35% of Colorado residents are renters, with average monthly rent of $1,450.

Colorado has an uninsured motorist rate of 16.3%, which is above the national average. Factors include severe hailstorms along the front range cause billions in vehicle damage annually. Although uninsured motorist coverage is not required, it is strongly recommended.

With a median household income of $80,184, most Colorado families should consider 10-12x their annual income in life insurance coverage. Currently, 54% of Colorado households have life insurance.