Insurance Insights with Brian

Oh, the pain and suffering
Brian McGrail

You know that auto insurance is required by law in Colorado. But did you know nearly 15 percent of all Colorado drivers are driving without any coverage? Here are a few things I recommend to make sure you’re protected.

If you’re hit by an uninsured or underinsured driver:

  • Uninsured motorist coverage covers pain and suffering, and in some cases, “special” damages (medical bills and wage loss). This coverage can also be applied to injuries you sustain as a pedestrian after being struck by an uninsured motor vehicle.
  • Underinsured motorist coverage covers pain and suffering, and in some cases, “special” damages (medical bills and wage loss). This coverage can also be applied to injuries you sustain as a pedestrian after being struck by an underinsured motor vehicle, and can pay the difference between the amount received from the responsible party’s policy and your policy limits.
  • Uninsured motorist property damage covers damage done to your vehicle by an uninsured or hit-and-run driver, if the other driver is proven to be at fault. Collision insurance may be required by lenders and covers damage to your vehicle in the case of a “collision” or a roll-over. This coverage can also be a cost-effective alternative to Collision coverage for older vehicles.

How to be sure you’re covered?

  • Insurance is a highly personalized product, so you’ll want to make sure you have coverage that fits you. It’s worth calling your agent to make sure you have the right underinsured and uninsured motorist coverage for your needs.
  • Even if you don’t spend a lot of time driving, talk with your agent, as many of these policies will cover you even if you’re on foot or bicycle and get struck by an underinsured or uninsured driver.
  • The penalties for driving without auto insurance in Colorado are substantial, ranging from a $500 fine and potential license suspension for a first offense, to a minimum $1,000 fine and an eight-month license suspension.

The bottom line: As Colorado grows, and as we spend more time driving, it’s likely you’re sharing the road with a lot of people who don’t have enough insurance—which is why it’s important for you to consider uninsured and underinsured motorist coverage.

Pro Tip:

Many cities around the state are seeing an increase in crashes involving pedestrians, so it’s worth looking into underinsured and uninsured motorist coverage.

Brian McGrail is the vice president of insurance for AAA Colorado.