WalletHub, Financial Company
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No, personal injury protection (PIP) is not required in Colorado. PIP is not even available in Colorado. Instead of PIP insurance, Colorado insurance companies offer medical payments insurance (sometimes called MedPay), which helps with hospital bills resulting from a car accident.
MedPay is similar to PIP insurance in that both handle your medical bills even if you cause a car accident. But MedPay covers less than personal injury protection, with no provisions for lost wages or assistance with home tasks that you can’t manage due to injury.
Personal injury protection is a type of car insurance used in no-fault states, since it covers medical payments regardless of who caused an accident. Colorado is an at-fault state, which means at least one driver is found to be “at fault” after a collision. Due in part to the differences in car insurance laws, the average cost of insurance in Colorado – $1,512 – is average compared to most PIP states and other non-PIP states.
PIP required? | No, PIP is not required |
MedPay required? | No |
State accident laws | At-fault |
Annual cost of insurance | $1,512 |
National cost ranking (1=cheapest) | 31 |
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