How much auto insurance do I need?
When we start talking about how much auto insurance you need to cover yourself on Denver, CO roads, we are typically talking about budget, lifestyle needs, and preference. Most states, including Colorado, require you to carry some form of insurance with a minimum coverage of bodily injury and property damage liability.
So, how much insurance do you need? Anderson Atwood Consulting is here to answer that question for you. Read on to find out.
First things first
If you have health insurance or life & disability coverage through your employer, then you don’t need to worry about personal injury protection that helps pay medical bills if you or your passengers are injured in an accident where you were at fault. You should be adequately covered with health insurance.
Focus on liability coverage
Did we mention that you can be sued for causing an accident? Well, there is a wide range of things that can get you into trouble, including those beyond your control. Therefore, you have to think about carrying enough liability to help provide coverage in case you are sued.
Consider carrying enough uninsured and underinsured coverage.
Despite being a legal requirement, we still have unconcerned drivers in Denver, CO driving cars without insurance, or carrying very little protection. So, think about a situation where you are involved in an accident, and the other party is not adequately covered. To make things worse, they are at fault. What do you do? Force them to pay? That is where your coverage will save the day.
Comprehensive and collision are similarly significant.
Your car, whether parked or on the road, is at risk of getting knocked, stolen, or vandalized. To give you complete peace of mind, you may need to consider buying enough collision and comprehensive coverage.
Not sure about how much car insurance to buy? Talk to us at Anderson Atwood Consulting, and we will guide you through the process. Contact us today!