Introducing Evertree Mountain States
You enjoy weekend rides through town in Arvada, CO. Do you have enough auto insurance, though?
The state of Colorado requires drivers to have a minimum of $25,000 coverage for bodily injury per person hurt in an at-fault accident. You are required to have $50,000 for bodily injury per accident. Colorado state minimum for auto insurance requires $15,000 per accident for property damage.
The above figures may be representative of the minimum, but they are not absolute. You may need to purchase more or less insurance depending on your financial standing. Evertree Mountain States can help you navigate the ways of assurance in Arvada and beyond.
What Does The "Minimum" Mean?
Some drivers believe that they cannot be held liable for damages or injuries incurred in an at-fault accident so long as they keep the minimum policy limits as established by state regulations. The reality, however, is that you are responsible for all damages in an at-fault accident regardless of whether your insurance provider pays all of the bills. Some drivers have found themselves on the receiving end of lawsuits because their policy limits were not enough to pay for everything. You do not want to be one of these unlucky souls.
The “minimum” in the insurance world refers to the absolute cheapest route you can take to obtain an indemnity plan. You do not fortify yourself against lawsuits simply because you chose to buy insurance.
What about rising premium rates?
It is true that the state of Colorado is ranked as number three when it comes to steadily rising premium rates. Part of the reason for the growing expense is because of hikes in vehicle theft that leave insurance providers with no other choice than to protect themselves against loss. Still, even with the cost of auto indemnity plans rising, it is still better to go for the plan that best satisfies your life instead of searching for the cheapest route.
Let Evertree Mountain States Help
Our agents have been in the insurance business for many years and are eager to match your circumstances with the right policy. We offer the following products. Contact us today for a quote in Arvada, CO!