Colorado requires riders to obtain an M or a "3" endorsement on a valid Colorado driver’s license. The M allows riders to take their 2-wheel or 3-wheel motorcycle on roadways, while a "3" only permits riding on three wheels. Therefore, if you carry state minimum liability on your Colorado car, it already covers your motorcycle unless your policy explicitly excludes riding one. However, motorcycle riding inherently has a greater possibility of severe injury or death, leading to higher insurance costs.
Issues Affecting Your Colorado Motorcycle Insurance Needs
Consult our licensed Advantage Service Insurance agents in Erie, CO before you decide how much insurance to carry as a motorcycle rider.
Colorado Is a Tort State
Colorado had no-fault insurance from 1974 until 2003. Now, instead of being able to recover damages right away, someone must decide who caused the accident and what percentage of the fault each driver or rider caused. Consequently, if you were lane-splitting and a driver did not see you, you would share at least some blame for the accident.
You Can Only Collect Damages for the Other Party’s Percentage of Fault
You can only receive compensation in Colorado if you bore less than 50 percent of the responsibility for the accident. Therefore, if you were 40 percent at fault, you could only collect 60 percent of your total damages. You get nothing when you and the other party share fault equally.
Motorcycle Accident Injury Statistics
In 2016, nearly 61 motorcyclists died for every 100,000 vehicles on the road. Unfortunately, that rate could run higher: Colorado had already reached 62 deaths by April 2022. Consequently, wisdom dictates carrying uninsured and underinsured motorists, comprehensive insurance, and collision for your motorcycle.
Contact Us Today
Call our Advantage Service Insurance agents in Erie CO or email us for assistance with your motorcycle insurance needs.