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Moving to a new state offers plenty of excitement — and a lengthy to-do list of tasks, including changing over your driver's license, registering your car and updating your auto insurance policy ...
If you live in Colorado, you probably know that the state has enacted insurance laws to help protect drivers from financial disaster if they are involved in an accident or other vehicle mishap.
Average annual cost of full-coverage car insurance: $2,423. California. Average annual cost of full-coverage car insurance: $2,536. Colorado. Average annual cost of full-coverage car insurance: $2,801
Until 1956, when the New York legislature passed their compulsory insurance law, Massachusetts was the only state in the U.S. that required drivers to get insurance before registration. North Carolina followed suit in 1957 and then in the 1960s and 1970s numerous other states passed similar compulsory insurance laws.
Commercial vehicle insurance – provides cover for all the vehicles which are not used for personal purposes like trucks and HMVs. The amount of premium depends on the showroom price of the vehicle at the commencement of the insurance period, make of the vehicle and the place of registration of the vehicle. Auto insurance generally includes:
The chief executive officer of the Division is the Commissioner of Insurance. The Commissioner is appointed by the governor, Prior to 1906, the commissioner was known as the Superintendent of Insurance and was under the State Auditor, and until 1984 was a state employee. In 1984 the position changed to become a gubernatorial appointee.
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