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Every state requires that residents who drive must have an auto insurance policy and Colorado is no exception. Most people would like to spend as little as possible on the Colorado auto insurance policy while still having enough coverage in the event of an accident. Here are some tips to use when shopping for a Colorado auto insurance policy.

Know How Much Coverage You Need

First of all, you will want to know the amount of coverage you will need on your policy. The Colorado state minimum requirements are as follows:

• $25,000 Bodily Injury Liability coverage per person
• $50,000 Bodily Injury Liability coverage per accident
• $15,000 Property Damage Liability

Next you will want to decide if you need any additional coverage besides the state minimums. Some common types of auto insurance you may want to consider adding to your policy are comprehensive coverage and collision coverage.

Collision coverage will cover damages to your car in the case of an accident where you are at fault. Comprehensive coverage will cover non accident related damages to your car such as fire, theft or vandalism. If your car is being financed these types of coverage may be required by your lender.

Look For Discounts to Save Money

In 2005, Colorado was the 16th most expensive state for auto insurance with the average annual premium for the state being about $972. One way to help choose an auto insurance company and save money is by doing some research to see what discounts they can offer you While many Colorado residents are paying a high price for car insurance, one way to lower that is by looking for discounts.

Some common discounts given by insurance companies is good student, safe driver, low mileage, military, senior and many more. Look around and see what each insurance company can offer you in terms of rates and discounts before choosing an auto insurance provider.

Shop Around Before Buying

Before purchasing Colorado auto insurance make sure you shop around and compare quotes from multiple car insurance companies licensed in Colorado. Be cautious about discount plans or buying form a small company you have never heard of before. It is usually a wise choice to purchase insurance from a well known, reputable company that will be able to handle your claims quickly and offer you excellent customer service.

Here are some top car insurance companies that are licensed in Colorado:

GEICO- Southwest Region Office

Government Employees Insurance Company

4201 Spring Valley Road

Dallas, TX 75244

Allstate

Solid Rock Financial Group

288 Main St12c Pob12

Bailey, CO 80421

Liberty Mutual

7355 Unit T West 88th Ave

Westminster, CO 80021

If you are buying a Colorado auto insurance policy take the time to shop around and compare multiple quotes from well known, trusted car insurance companies. Even if you already have a policy in place it is still a good idea to compare quotes every six months or so to make sure you are still getting the lowest rates available to you.