Is basic auto insurance ever enough

At Compass Insurance in Centennial, CO, we were founded in 2002 with the intention of offering residents choices that only an independent insurance agency can. We are committed to not just finding our customers the right policy, but we continue to offer our expertise and our help throughout the year. We have an in-house claim specialist, who will be there with you through the entire claims process. 

In Colorado basic auto insurance is confined to liability coverage. Liability insurance helps to pay for injuries you may cause to other drivers and their passengers as the result of an accident where you are the at-fault driver. It will also pay for property damage. The Colorado limits are 25/50/15. That translates to $25,000 for the first injured person and a total of $50,000 for an accident. The property limit is $15,000. This is pretty basic, especially the property damage, if the vehicle is relatively new, $15,000 could leave you paying a lot out of pocket. 

That is what basic auto insurance consists of, does it seem like enough to you? If you don’t have any assets, and you have an old clunker, it probably is. For the rest of the driver, this is just not going to cut it. Especially if you still have a car loan, you are going to have to carry comprehensive and collision coverage. 

Comprehensive and collision coverage will repair your vehicle and if you are like most people, you count on your vehicle to get to work and to get around. It can cost thousands of dollars after an accident or if your vehicle is stolen. Insurance makes it possible to replace or repair your transportation. Since this is a necessity, basic auto insurance just won’t be enough.

If you live in or near Centennial, CO, Compass Insurance is your one-stop insurance agency.