In the state of Colorado, drivers are required to carry liability coverage. The mandatory amount is 25/50/15. This protects other drivers from an accident where you are the responsible party. At Westco Insurance LLC in Colorado Springs, CO, we want all of our customers to have the right auto insurance, which may be basic insurance for some. For others, that coverage will not be adequate or allowed.
The mandatory liability amount in Colorado translates to $25,000 for the first person hurt in an accident, with a maximum of $50,000 for all injuries in that accident. The $15,000 is for damages to the property. Given the cost of medical care and of a car or a telephone pole, this insurance may be too low to protect your assets. If you are leasing your vehicle or have a car loan, you will be required to have coverage to protect the vehicle in the form of collision and comprehensive coverage.
If you have very few assets, an old car, or don’t use your car often, then basic auto insurance may be your best option. But if you are like most people and use your vehicle every day to run errands, drive to work or a million other things, then you need to be able to get your vehicle replaced or repaired if it is damaged. If you can afford to pay for the repair or replacement yourself, then basic insurance can be what you need. But if paying out that amount of money would be a hardship, then getting more comprehensive coverage is something that you need to consider.
For all your auto insurance needs, contact our team at Westco Insurance LLC in Colorado Springs, CO. Stop by the office, visit our website, or give us a call today.
