Home » State Farm Lowers Colorado Automobile Insurance Rates Because of Tort Reform

Nov

8

State Farm Lowers Colorado Automobile Insurance Rates Because of Tort Reform

Posted by TotalInjury.com Staff Writer | Posted in Personal Injury Legislation Watch

Colorado policyholders can expect to save an average of $50 per year on their car insurance when State Farm cuts rates this month. The tort reform enacted in 2003 requires only the insurer of the driver at fault to pay for damages in a Colorado personal injury automobile accident. Previously, Colorado had a more typical "no fault" personal injury payment system where the insurance companies for each person injured were required to pay the expenses no matter who was at fault in an automobile accident.

State Farm says expenses decreased steadily after the tort reform legislation went into effect three years ago.

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