Did you know that one in eight drivers on the road in 2019 were driving without insurance? According to a report from the Insurance Research Council (IRC) there was an estimated countrywide uninsured motorist rate of 12.6% (see https://www.insurance-research.org/news-releases/one-eight-drivers-uninsured-13-billion-spent-2016-protect-against-uninsured-and). Drivers who are at-fault and fail to comply with state insurance requirements increase the cost of insurance for those who comply with state requirements and risk the wellbeing of other drivers. For the state of Colorado the minimum coverage is $25,000.00 for bodily injury or death to any one person and $50,000.00 for bodily injury or death for all persons in any one collision, as well as $15,000.00 for property damage for any one accident (see https://leg.colorado.gov/content/mandatory-automobile-insurance-colorado).

HOW TO PROTECT YOURSELF AND YOUR FAMILY:

If you are involved in a collision, the other driver could have no insurance or only the State minimum of $25,000 per person. Without Uninsured Motorist/Underinsured Motorist (UM/UIM) coverage on your own policy, you could left without fair compensation for injuries and damages. 

It is important to keep these numbers in mind when purchasing automobile insurance for a few reasons: 1) it makes sure that you are in compliance with the state insurance requirements; 2) your insurance is required to offer you Underinsured Motorist/Uninsured Motorist protection, which matches the amount of liability coverage you purchase. These are important coverages to purchase for your own safety, so that you can protect yourself from uninsured or underinsured drivers. 

Our office will research and investigate all applicable insurance coverages in every case.