In a no-fault state, each driver's insurance company pays for their policyholder's medical expenses and other losses, regardless of who caused the accident. This system aims to reduce the need for litigation and ensure quicker payouts for accident-related costs.
Is Colorado a No-Fault State?
No, Colorado is not a no-fault state for car accidents. Colorado follows an at-fault system, meaning that the driver who is responsible for the accident is liable for the damages. If you suffer an injury in a car accident in Colorado, you can file a claim with the at-fault driver's insurance company to seek compensation for medical expenses, property damage, lost wages and other related costs.
Colorado's At-Fault System
In an at-fault system like Colorado's, the insurance company of the at-fault driver is responsible for covering the damages. To recover damages in Colorado, you must demonstrate that the other driver was negligent. Examples of negligent behavior include speeding, running a red light and distracted driving.
Comparative Negligence
Colorado’s at-fault system involves comparative negligence. This means that if you are found to be partially at fault, the compensation you can claim for damages will be reduced by your percentage of fault. It’s important to remember that you can only claim compensation for damages if you are less than 50% at fault for the accident.
Insurance Requirements in Colorado
Every Colorado vehicle owner
must carry liability insurance to cover bodily injuries and property damage caused by the insured driver. Here are the minimum liability insurance coverage amounts CO law requires:
- $25,000 for bodily injury or death to any one person in an accident;
- $50,000 for bodily injury or death to all persons in any one accident; and
- $15,000 for property damage in any one accident.
Given the high cost of medical care and vehicle repairs, many drivers choose to carry higher coverage limits and additional protections, such as uninsured and underinsured motorist coverage.
Steps to Take After an Accident
