CO DMV Vehicle Insurance 1

Question 1

What is the minimum bodily injury liability coverage required per person in Colorado?

Accepted Answer

$25,000

Answer

$15,000

Answer

$50,000

Answer

$100,000

Question 2

What is the minimum bodily injury liability coverage required per accident in Colorado?

Accepted Answer

$50,000

Answer

$25,000

Answer

$40,000

Answer

$75,000

Question 3

What is the minimum property damage liability coverage required in Colorado?

Accepted Answer

$15,000

Answer

$10,000

Answer

$20,000

Answer

$25,000

Question 4

In Colorado, what happens if you are caught driving without proof of insurance?

Accepted Answer

Your license may be suspended and you face fines

Answer

You receive a verbal warning only

Answer

You are required to purchase insurance on the spot

Answer

Nothing, as long as you have insurance within 30 days

Question 5

Which of the following best describes 'liability insurance' in Colorado?

Accepted Answer

It pays for damages or injuries you cause to others

Answer

It covers damage to your own vehicle

Answer

It covers medical expenses for the insured driver

Answer

It replaces your vehicle if it is stolen

Question 6

Which Colorado law requires all drivers to carry minimum auto insurance?

Accepted Answer

The Motor Vehicle Financial Responsibility Law

Answer

The Colorado Safe Driving Act

Answer

The Mandatory Insurance Law

Answer

The Driver Safety Assurance Act

Question 7

When must you be able to provide proof of insurance in Colorado?

Accepted Answer

Whenever requested by a law enforcement officer

Answer

Only when renewing your registration

Answer

Only after an accident

Answer

Only when applying for a driver's license