For people that are in the Erie, CO area, having access to a car on a daily basis is a necessity in order to get around to work or school. When you do buy a car in Colorado, it is important that you are covering yourself appropriately with the right insurance. There are several factors to consider when you are shopping for an auto insurance policy for your Erie, CO car.
All drivers in the state of Colorado will be required by law to carry the minimum level of liability insurance. To be in compliance with the law, you will need liability insurance of at least $25,000 per person and $50,000 per incident in bodily injury coverage plus an additional $15,000 per incident in property damage coverage. If you are caught driving without this coverage, you will be in violation of state law and could have your driving privileges rescinded.
The state will only require that you carry liability insurance at all times. While this may be enough for some drivers, those that have invested a lot in a car or took out a loan also need to consider getting collision and comprehensive insurance. These types of insurance will provide you with coverage to ensure you receive financial support if you are involved in an accident and your car is damaged, if your car is stolen, or if you suffer another type of loss. Since it protects their collateral, all auto lenders will require you to have this insurance.
Choosing the right auto insurance policy is extremely important. Since there is some complexity with auto insurance requirements for each person, contacting the team at Advantage Service Insurance when you are ready to start your search would be a great option. The insurance professionals at Advantage Service Insurance will help you to choose an insurance policy that will give you the property and liability insurance protection that you need.