If you live in the State of Colorado, there are certain situations that may require SR22 car insurance. In some cases, a driver may have had their license suspended and is required to procure an Colorado SR22 rider as one of the requirements for license reinstatement.The SR22 form itself is not an insurance policy, but rather a guarantee from the insurance company that the insurance will stay intact over a given time frame.
If a driver does not keep their SR22 effective, the insurance company notifies the Motor Vehicle Division and your license will be suspended. If a drive that is required to carry an SR22 rider is changing insurance companies, they must be sure to do this prior to the expiration of their current SR22 provider.
Car Insurance Requirements in Colorado
The State of Colorado has a mandatory insurance and financial responsibility laws. Like many states, a driver must have minimum vehicle liability insurance to drive. The following represents the minimum legal insurance requirements in the State of Colorado:
Minimum Auto Insurance Coverage Requirements in Colorado
- $25,000 Per Person in an Accident
- $50,000 For Bodily Injury in an Accident
- $15,000 For Damage to the Property of Others
