CO DMV Vehicle Insurance 1 — Questions and Answers
Question 1: What is the minimum bodily injury liability coverage required per person in Colorado?
- $15,000
- $25,000 (Correct answer)
- $50,000
- $100,000
Correct answer: $25,000
Colorado requires a minimum of $25,000 per person for bodily injury liability coverage.
Question 2: What is the minimum bodily injury liability coverage required per accident in Colorado?
- $25,000
- $40,000
- $50,000 (Correct answer)
- $75,000
Correct answer: $50,000
Colorado law requires at least $50,000 per accident for bodily injury liability.
Question 3: What is the minimum property damage liability coverage required in Colorado?
- $10,000
- $15,000 (Correct answer)
- $20,000
- $25,000
Correct answer: $15,000
Colorado requires a minimum of $15,000 for property damage liability coverage.
Question 4: In Colorado, what happens if you are caught driving without proof of insurance?
- You receive a verbal warning only
- Your license may be suspended and you face fines (Correct answer)
- You are required to purchase insurance on the spot
- Nothing, as long as you have insurance within 30 days
Correct answer: Your license may be suspended and you face fines
Driving without proof of insurance in Colorado can result in fines and license suspension.
Question 5: Which of the following best describes 'liability insurance' in Colorado?
- It covers damage to your own vehicle
- It covers medical expenses for the insured driver
- It pays for damages or injuries you cause to others (Correct answer)
- It replaces your vehicle if it is stolen
Correct answer: It pays for damages or injuries you cause to others
Liability insurance covers costs for injuries and property damage that you cause to other people in an accident.
Question 6: Which Colorado law requires all drivers to carry minimum auto insurance?
- The Colorado Safe Driving Act
- The Mandatory Insurance Law
- The Motor Vehicle Financial Responsibility Law (Correct answer)
- The Driver Safety Assurance Act
Correct answer: The Motor Vehicle Financial Responsibility Law
Colorado's Motor Vehicle Financial Responsibility Law mandates that all drivers maintain minimum liability insurance.
Question 7: When must you be able to provide proof of insurance in Colorado?
- Only when renewing your registration
- Only after an accident
- Whenever requested by a law enforcement officer (Correct answer)
- Only when applying for a driver's license
Correct answer: Whenever requested by a law enforcement officer
Colorado drivers must provide proof of insurance whenever a law enforcement officer requests it.
CO DMV Vehicle Insurance 1
What is the minimum bodily injury liability coverage required per person in Colorado?