Car Insurance Colorado CO

Reader’s Question:

Hi, I just moved to Colorado from Florida. I still hold a Florida State license. I am just wondering if I should wait until I change my Florida license to Colorado before I buy auto insurance? Are my auto insurance rate dictated by the state I hold my license?

Lorie

Colorado Springs, CO

 

Auto insurance rates are not necessarily dictated by the state of the license you hold which is in Florida but generally by other factors such as age, your driving record, driving experience, and your geographical location. The geographical location should be where you are a resident of and your vehicle is garaged, therefore the state and town which you are currently living in.

According to the CO DMV if you have recently moved to Colorado, you must apply for a CO title and registration for your vehicle within thirty days from establishing Colorado residency. You must show proof of insurance to your county clerk before registration can happen. You may use your insurance card, a letter from your insurance company (on the company’s letterhead paper), or copy of your insurance policy as proof of insurance.

It is a personal decision if you want to wait buy insurance until after you have changed your license from a Florida one to a Colorado issued driver’s license but if you wait to change over your insurance from Florida to CO you should make certain that your Florida insurance carrier will cover you properly until this is done.