If you’re planning a trip to Colorado and you’re renting a car, it’s important to know the rental car insurance laws in the state. In Colorado, there are specific laws that govern rental car insurance, and it’s essential to be aware of them before you hit the road.
What is Rental Car Insurance?
Rental car insurance is designed to protect drivers who rent a vehicle. If you get into an accident or damage the rental car, your insurance policy will cover the costs. Rental car insurance can be purchased from the rental car company or from your own insurance provider.
What are the Colorado Rental Car Insurance Laws?
In Colorado, rental car companies are required by law to provide liability insurance coverage to their customers. This insurance covers damages to the other vehicle or property if you are involved in an accident. The minimum liability insurance coverage that rental car companies must provide in Colorado is $25,000 for bodily injury or death of one person, $50,000 for bodily injury or death of two or more people, and $15,000 for property damage.
However, rental car companies are not required to provide collision insurance or comprehensive insurance coverage. Collision insurance covers damages to the rental car in the event of an accident, while comprehensive insurance covers damages to the rental car that are not caused by an accident, such as theft or vandalism.
Should You Purchase Additional Insurance?
Whether or not you should purchase additional insurance when renting a car in Colorado depends on your personal situation. If you have your own car insurance policy, it’s possible that your policy will cover rental cars as well. Check with your insurance provider to see if this is the case.
If you don’t have car insurance, or if your policy doesn’t cover rental cars, you may want to consider purchasing additional insurance from the rental car company. Collision insurance and comprehensive insurance can provide added protection and peace of mind while you’re on the road.
Conclusion
Understanding the rental car insurance laws in Colorado is important if you’re planning to rent a car in the state. While rental car companies are required to provide liability insurance coverage, they are not required to provide collision or comprehensive insurance. Make sure to check with your own insurance provider to see if you’re already covered, and consider purchasing additional insurance from the rental car company if needed.
