There’s a coverage most Colorado drivers carry without thinking much about it and a number of drivers who skip it entirely to save money. Given what’s actually on the road in Colorado, that’s a decision worth reconsidering.
How Many Colorado Drivers Are Uninsured
Colorado consistently ranks among the states with higher rates of uninsured drivers. Estimates put it somewhere between 13% and 16% of drivers on the road without valid insurance. In practical terms, that means roughly one in seven cars you pass on I-25 may not have coverage.
What Happens If an Uninsured Driver Hits You
If an uninsured driver causes an accident and you’re injured or your vehicle is damaged, their insurance pays for it. Except they don’t have insurance. Which means without uninsured motorist coverage on your own policy, you’re looking at either paying out of pocket or pursuing the at-fault driver personally, which is often a dead end.
Uninsured motorist coverage fills that gap. It steps in when the at-fault driver has no insurance and covers your medical bills, lost wages, and related expenses up to your coverage limit.
Underinsured Motorist Coverage Is Just as Important
A driver can be technically insured and still leave you holding the bill if their limits are too low. If someone carrying Colorado’s minimum $25,000 bodily injury limit causes an accident that results in $80,000 in medical expenses, their policy pays $25,000 and the remaining $55,000 is your problem without underinsured motorist coverage on your own policy.
What to Look For
When reviewing your auto policy, check your uninsured and underinsured motorist limits specifically. They’re often listed together as UM/UIM. Make sure the limits are meaningful relative to what a serious accident could actually cost, not just enough to satisfy a checkbox.
It’s one of the least expensive coverages on an auto policy and one of the most important given the realities of Colorado roads.
Want A Local Colorado Insurance Guide to Review Your Insurance Landscape?
We are here to help guide you through the process of making sure you are properly covered and at the best price. Reach out for a no-obligation review and quote. What you do with the information is up to you…we just want to make sure you understand what you are paying for and have peace of mind.
