Colorado insurance law requires that all drivers purchase liability insurance to help pay for injuries or damages resulting from automobile accidents they are responsible for. Whether you looking for your first auto insurance policy, or shopping for a better rate on an existing policy, McKean Insurance Agency LLC is here to help. Through exclusive appointments with some of the nation’s top insurance carriers, we are able to provide our clients throughout Parker, Castle Rock, and Franktown, with the best coverage at the lowest rates available.
Every Colorado driver must carry at least the minimum levels of liability coverage to comply with Colorado law. Liability insurance will help to cover costs associated with damages and injuries to other parties that are involved in an accident that you caused. Drivers who fail to meet the minimum liability requirements will be subject penalties including a minimum $500 fine, points on your driver’s license, a license suspension, and community service. We also specialize in auto insurance for teenage drivers.
Colorado Auto Insurance Minimum Requirements
- $25,000 for bodily injury per person
- $50,000 total for injuries per accident
- $15,000 for property damage
It is important to note that these are simply the minimum requirements for drivers in Parker, Castle Rock, and Franktown. Purchasing a more substantial level of liability coverage will increase your protection.
A variety of optional coverage can be added to your auto insurance policy to enhance your protection. Optional coverage includes uninsured/underinsured motorist coverage, collision coverage, comprehensive coverage, roadside assistance/towing coverage, rental car coverage, loan/lease gap coverage, and more. Two of the most common additions to an auto insurance policy are collision coverage and comprehensive coverage.
The liability coverage required by law is meant to protect others, meaning this coverage does not extend to you or your vehicle. Collision coverage is an optional coverage that protect your own vehicle. If you are financing or leasing a vehicle, it is not uncommon for your bank or lender to require that you purchase collision coverage. For those with older vehicles that have lost much of their value, it may make sense to remove liability coverage from a policy.
Often, our vehicles are damaged even when we are not on the road. Comprehensive coverage will help to pay for damage caused to your vehicle by various external factors including vandalism, fire, theft, natural disaster, and similar non-collision related damage. As with collision coverage, you should consider the age and condition of your vehicle when deciding on comprehensive coverage. Our team of auto insurance experts are highly educated and can explain your options to help you determine if adding or removing coverage is a valuable choice.
Parker, Castle Rock, and Franktown residents can take advantage of various discounts to help save money on auto insurance. Safe driver discounts, discounts for completing defensive driving courses, anti-theft discounts, multi-vehicle discounts, and much more are available!
At McKean Insurance Agency LLC, we aim to build relationships with each of our customers so that we can provide an exceptional customer service experience. We provide regular policy reviews so that we can ensure you are getting a quality auto insurance policy at a great rate. For more information on auto insurance in Parker, Castle Rock, and Franktown, or to receive a free quote, contact us today!