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Colorado car insurance requirements mean that every driver needs a minimum amount of liability coverage to drive on public roads legally. But there’s more than that to know, and Bankrate’s ...
Old minimum car insurance liability limits: 25/65/15. New minimum car insurance liability limits: 30/65/25. Change effective Jan. 1, 2025. House Bill 113, passed in 2023, will raise minimum car ...
Bankrate takes a close look at minimum requirements for car insurance in ... Colorado. 25/50/15. None. ... good credit and the following full coverage limits: $100,000 bodily injury liability per ...
In lieu of auto insurance, individuals can either (1) deposit $10,000 in cash, stocks, or bonds with the State Treasurer [33] who will issue a receipt [34] or (2) obtain a motor vehicle liability bond equal to the state minimum limits.
The liability limits vary from state minimum coverage up to 250/500/100. Rates include bodily injury liability per person and per accident, and property damage liability, respectively.
Understanding your car insurance liability limits. Almost every state in the U.S. requires you to have liability coverage. This essential coverage pays for injuries or damage sustained by the ...
For liability coverage, most insurance professionals advise that you purchase limits higher than state minimum levels to protect yourself against financial strain in the event of an at-fault accident.
State Farm Mutual Automobile Insurance Co. v. Campbell, 538 U.S. 408 (2003), was a case in which the United States Supreme Court held that the due process clause usually limits punitive damage awards to less than ten times the size of the compensatory damages awarded and that punitive damage awards of four times the compensatory damage award is "close to the line of constitutional impropriety".
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