There are rules about how much insurance you need to drive in Centennial, CO. Your minimum coverage for an auto insurance policy from Compass Insurance will have at least
- $25,000 per person for bodily injury
- $50,000 per accident for bodily injury
- $15,000 per accident for property damage.
You will also need a certain amount of uninsured/underinsured motorist coverage unless you waive that in writing.
Minimal Coverage Doesn’t Protect You Very Much
You can easily see that those limits are not very high and that even one bad accident with someone injured could end up costing much more money than that. When your insurance has paid out those amounts, you will be responsible for making up any difference. Your driving privileges could be suspended if you fail to pay, and it could have an adverse effect on your credit.
A full coverage policy could give you a higher policy limit, in the areas you feel the most vulnerable. You could be protected for a much higher amount.
Other Benefits of Full Coverage
Collision Insurance is not required by law but will protect you for damages done to your own vehicle after a collision with another vehicle.
Comprehensive Insurance protects you against yet more kinds of danger, such as fire, severe weather or theft.
The main difference between minimal coverage and full coverage is that minimal coverage only helps you out with liability, or what you owe if you are at fault in an accident. Collision and comprehensive coverage will help you to repair or replace your own vehicle.
If your vehicle is paid off and isn’t very valuable, it may not be worth it to get full coverage. If you want to see if full coverage could help you, please feel free to call Centennial, CO Compass Insurance today for a free evaluation and quote.