How much car insurance should I buy?

I live in Colorado. How much insurance should I buy?

Answer
The amount of car insurance you’ll want to buy depends on several factors, but you can never have too much protection.
Almost every state, including Colorado, has a minimum amount of car insurance required. If you purchase this, your premium would be less, but typically you’d only be covered for damages or injuries you cause to other vehicles. For additional protection, you might instead want full coverage insurance.
Full coverage insurance includes comprehensive and collision coverage. With these, your vehicle has protection against mother nature and accidents or collisions.
To determine how much insurance you should buy, you’ll want to consider whether an accident would cause financial hardship. If you couldn’t afford to pay out of pocket for damages or replace your car, it’s worth carrying a higher amount of liability insurance along with full coverage.
If you’re still unsure of what to buy, request car insurance quotes from multiple companies for different coverage levels. Doing so will allow you to see what amount of coverage you can afford.
For help deciding, try Jerry. The Jerry app is an insurance broker that lives in your pocket and finds you the best insurance rates. You can also call or text our customer service department with any of your questions. They’ll make sure you get the right type of coverage for you.
Lauren Smith
Answered on Nov 02, 2021
Lauren has written for World Nomads, the Matador Network, Korvia Consulting, and once upon a time Three Fates Games. She graduated from Columbia College of Chicago with a BFA in Creative Writing. After graduating, she moved overseas and lived in South Korea where she spent her free time traveling and going on road trips with friends. She misses the rest stop potatoes and is trying to figure out how to recreate them at home. She's now based outside of Chicago and when she's not writing she spends her free time reading, playing video games, and exploring whenever she can.
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