Although there are many auto insurance companies to choose from in Denver, CO, not all of these insurers will be the right one for you, and your specific auto insurance coverage needs.
Even though there are certain coverage requirements that must be met by all Colorado drivers, there is certain information that you must provide to the insurer – and in turn, there are details that you should learn about the insurance company prior to moving forward with the purchase of any coverage.
Today, there is a great deal of information about auto insurance that is available to you. Even though you can learn a lot by contacting local Denver agents in person or over the phone, you can also become educated by going to the right online websites. This can save you some much needed time and frustration.
Finding the Right Denver Auto Insurance for Your Needs
Although the Internet may be filled with an overwhelming amount of information, finding the right auto insurance for people in Denver Colorado can easily be narrowed down by seeking out some very specific details.
First, you will certainly want to ensure that you can purchase the type and the amount of auto insurance coverage that is required by the state. By law, most states in the U.S. require that drivers carry at least a minimum amount of auto insurance protection concerning liability coverage.
In the state of Colorado, these limits for auto insurance are as follows:
- $25,000 per person for bodily injury and $50,000 per accident for bodily injury – 25 / 50
- $15,000 for property damage liability
In addition, it is required that Colorado insurers offer drivers $5,000 in medical payments coverage. Drivers are allowed to opt out of this coverage. If a driver does not opt out of this coverage, however, the premium will be automatically added to his or her auto insurance policy.
Even though it is not required by law, there are other types of auto insurance coverage that may also be important to carry in Colorado. These include:
- Collision coverage – With collision coverage, you will have coverage for damage that occurs if your vehicle runs into another car, or if it runs into an object such as a wall or a fire hydrant. A deductible can be chosen for collision coverage. It is required that the deductible first be paid out-of-pocket before the insurance coverage will pay out for any damages. Although collision coverage is not required by law in the state of Colorado, this coverage may be required by a bank or other loan company if a vehicle owner has financed their auto.
- Comprehensive coverage – With comprehensive coverage, you have protection if your vehicle incurs damage due to theft or vandalism. Other damage is also covered, such as that from fire, hail, falling objects, and encounters with wild animals. Here, too, you will choose a deductible. And, as with collision coverage, comprehensive coverage may be required by a bank or loan company if a vehicle is being financed.
In addition to the information on auto insurance coverage, it is also important that you get some details about the actual insurer that you are considering. For example, you will want to get an idea regarding the financial stability and claims paying ability of the insurance company. This can be easy to do, as insurance companies are rated by rating agencies such as A.M. Best, Standard and Poor’s, Moody’s, Fitch, and TheStreet.com.
Carriers are provided with letter grades of between A+ and F – which is similar to a report card that is given to students in school. The higher the letter grade, the more financially sound the insurance company is thought to be. Similarly, the better reputation that the insurer is felt to have for paying out its policyholder claims.
It is important to keep in mind, however, that, even though, an insurance company may have a very good past reputation, this is not indicative of any guaranteed performance in the future.
The Best Way of Finding the Right Auto Policy in Denver, Colorado
While you could spend time researching each of the Denver car insurance carriers, there is a faster – and much more efficient – method of obtaining the information that you need. The best way of finding the right auto insurance for people in Denver Colorado is to do so online through a company or agency that has access to more than just one auto insurance carrier. In doing so, you will be able to more directly compare insurance companies, policies, benefits, and premium quotes.
When you’re ready to start your auto insurance comparison shopping, we can help. We work with many of the top auto insurers in the Denver Colorado area, and we can get you all of the pertinent information that you need in order to make an informed decision. We can do so quickly and easily, right from your home computer. If you are ready to take the next step in the process, all you need to do is just simply use the form on this page.
Should you find that you have any additional questions as you go through the process, please feel free to contact us directly via phone. Our experts are happy to help in assisting you with any question or concern that you may have, and in providing you with any of the details that you may need. Please contact us to get your no obligation set of Denver auto insurance quotes by calling (720) 209-4598.
We understand that there are many different variables in the auto insurance buying process. That’s why we’ve streamlined the process and made it easier for you. Give us a call today – we’re here to help.