Car Insurance

Navigating Commercial Auto Insurance Requirements

Commercial auto insurance requirements

For many business owners and employees in the Denver Metro area, including Denver, Broomfield, Arvada, Golden, Commerce City, Parker, Littleton, Castle Rock, and Fort Collins, operating vehicles is an integral part of daily operations. Whether your business relies on a fleet of delivery trucks or involves using a personal vehicle for work purposes, understanding the requirements for commercial auto insurance in Colorado is vital. Compliance with local, state, and federal laws not only safeguards your business from financial risks but also ensures smooth operations.

Why Commercial Insurance is Essential

Commercial insurance can benefit business owners by addressing the unique risks associated with driving for work or managing a fleet of commercial vehicles. It extends beyond traditional coverage and liability coverage, protecting vehicle investments and employees who may be injured while on the job.

Colorado’s Commercial Auto Insurance Requirements

  • Liability Coverage: Colorado mandates minimum liability coverage for commercial business owners and vehicles. The limits are $25,000 for bodily injury (per individual), $50,000 for bodily injury (per accident), and $15,000 for property damage resulting from a potential commercial auto accident.
  • Coverage Options: Depending on the specific coverage needs of a business or operation, those requiring commercial auto insurance may also consider additional policies, including collision coverage, uninsured/underinsured motorist coverage, and comprehensive coverage.

Businesses That Require Commercial Auto Insurance

In Colorado, industries such as construction, contracting, delivery services, courier operations, and even rideshare businesses must carry commercial auto insurance. Ensuring proper coverage not only helps you stay compliant but also provides peace of mind knowing your business and employees are protected.

Understanding Colorado’s commercial auto insurance laws is key to making informed decisions about your coverage. Whether you’re looking to enhance your current policy or explore new options, Aspen Gold Insurance Brokers is here to help. Contact us today for a consultation and let us guide you in protecting your vehicles, fleet, and business operations.

Does a parent need to cosign for a teen’s auto insurance?

teen's auto insurancec

A teen’s auto insurance is a necessity as they hit the road as a new driver. Has your Denver, CO household welcomed a teen driver into its midst? Perhaps your teenager took driver’s education in school, attended a driving school, or you taught them. Either way, ensure they pull onto the roads of Colorado adequately prepared. That means ensuring they carry proper auto insurance through Aspen Gold Insurance Brokers.

Insuring Your Teen Driver

Teen drivers must carry auto insurance, just as adults do. The insurance industry offers several ways to do this, and the choice of method depends on the driver’s age.

Add Them to Your Policy

The most common way to handle the situation is for a parent to add their teen to their own policy. This action can temporarily increase premium costs, but it gets your young driver legally on the road.

Co-sign for the Teen’s Auto Insurance Policy

Take responsibility for paying the premiums with your teenager by co-signing a policy for the teen. This choice provides them with their own auto insurance before they reach the ripe old age of 18 and does not harm their premiums. They need a parental co-signer before that time because they can’t sign legal documents until they reach 18, the age of consent.

Teen Buys Policy Independently

Once a teen reaches the age of 18, they can purchase their own policy without a co-signer. Reaching the legal age of consent lets them sign contracts independently. An insurance policy is a type of contract.

Contact Aspen Gold Insurance Brokers Today

Make your teen fully prepared for their new responsibilities as a driver in Denver, CO. Contact Aspen Gold Insurance Brokers today to buy your teen’s policy or help them buy their own.

What Parents Need to Know About Teen Drivers

about Teen drivers

For many teens, getting a driver’s license ranks among the biggest milestones in life. Having a license and owning a car can provide teens with perhaps their biggest taste of freedom. However, parents should be aware of some crucial factors about teen drivers, such as the need to get an appropriate auto insurance policy. If you’re looking for an insurance provider serving Colorado, contact Aspen Gold Insurance Brokers to discuss policy options for your teen.

Teenage Drivers Are Classified as High Risk

Operating a vehicle optimally can take many years of practice. Teenagers, however, usually don’t have that much experience under their belt. As such, they may be more prone to getting in car accidents. Fortunately, the right auto insurance plans can provide coverage.

Further, distracted driving is, unfortunately, one of the biggest causes of auto accidents. Many teens are constantly using their phones or using other gadgets. This may make them more prone to getting into accidents. It’s crucial to teach kids not to text and drive. It’s also wise to select a low-risk car for your teen. You may want to avoid performance vehicles for the time being.

In many cases, auto insurance premiums will be higher than for adults. Of course, the specifics often vary, and it’s wise to speak with a car insurance agent. Parents may also be able to put their children on their own insurance plan. Parents should also remember that they may be found liable for their children in some situations.

As you can see, there are many factors to consider with teenage drives. If you’d like to learn more or are shopping for an auto insurance policy, compare insurance quotes with Aspen Gold Insurance Brokers, which serves Arvada, Wheat Ridge, Golden, Westminster, Broomfield, Superior, Louisville, Lafayette, Erie, Thornton, Commerce City, Denver, Aurora, Greenwood Village, Parker, Castle Rock, Lone Tree, Highlands Ranch, Centennial, Littleton, Lakewood, Fredrick, Firestone, Brighton. Adams County, Douglas County, and the entire Denver Metro Area and beyond.

Prepare Your Vehicle for Safe Winter Driving in Colorado

Winter in Colorado can be a breathtaking experience, with its snow-covered landscapes and crisp mountain air. However, it also brings its fair share of challenges, especially when it comes to driving. At Aspen Gold Insurance Brokers, we understand the importance of staying safe on the road during the winter months. That’s why we’re here to provide you with essential tips on preparing your vehicle for winter driving in the beautiful but often unpredictable Colorado climate.

1. Winter Tires

One of the first steps in preparing your vehicle for winter in Colorado is investing in winter tires. These tires are specifically designed to provide better traction in snow and icy conditions, which are common occurrences in the state. Winter tires can significantly improve your vehicle’s stability and control on slippery roads.

2. Check Your Battery

Cold weather can be tough on your vehicle’s battery. Ensure that your battery is in good condition and fully charged. A weak battery can leave you stranded in freezing temperatures, so it’s wise to have it tested and replaced if necessary before winter sets in.

3. Maintain Fluids

Check all your vehicle’s fluids, including engine oil, transmission fluid, and coolant. Using the appropriate type of oil for colder temperatures can improve engine performance. Make sure your antifreeze is at the correct level to prevent freezing, which can cause engine damage.

4. Inspect Brakes

Properly functioning brakes are crucial for winter driving safety. Have your brakes inspected to ensure they are in good working order. Icy roads require more stopping distance, so reliable brakes are a must.

5. Replace Wiper Blades

Visibility is key during winter driving. Replace your old wiper blades with new ones designed for snow and ice. Keeping your windshield clear of snow and slush is essential for safe driving.

6. Prepare an Emergency Kit

In case you encounter unexpected challenges on the road, have an emergency kit in your vehicle. Include items like a flashlight, blankets, non-perishable food, a first-aid kit, and jumper cables. Being prepared can make a significant difference in a winter emergency.

7. Keep Fuel Levels High

Try to keep your fuel tank at least half full during the winter months. This prevents condensation from forming inside the tank, which can lead to fuel line freeze-ups.

8. Monitor Weather Conditions

Before heading out, check the weather forecast and road conditions. If conditions are severe, consider postponing your trip if possible. Staying informed can help you avoid treacherous driving situations.

As a responsible driver in Colorado, preparing your vehicle for winter driving is not just a precaution; it’s a necessity. These steps can go a long way in ensuring your safety on the roads during the snowy months. Remember, your safety is our priority at Aspen Gold Insurance Brokers, and we hope these tips help you enjoy the beauty of winter while staying secure on the road. Drive safely!

Can You be Over-Insured?

Having the right level of auto insurance coverage is essential to help prevent loss due to covered risks. However, it may be possible to carry too much insurance unnecessarily and be over-insured. If you would like to get the right level of insurance for your specific needs, you can count on the insurance experts at Aspen Gold Insurance Brokers, who proudly serve the residents in Colorado.

Don’t be Over Insured 

There’s no need to purchase more insurance than you actually need. However, it may be complicated to determine the precise level of auto coverage that’s adequate for your current and short-term future needs.

The best remedy for this predicament is to work closely with a knowledgeable insurance agent. When you work with our team of insurance agents, they can assist you with determining which level of protection is ideal to offer a blanket of coverage without gaps.

For example, we can advise you on which levels and types of auto coverage offer the best protection without over-insuring your vehicle. An instance where you might be over-insured would be if you choose the top levels of coverage for a car over ten years old. 

Once a policy is selected, our insurance agents can also assist you with submitting your information documentation to secure your policy.

Over time, if there are any changes to the policy or claims submissions, we can also assist you with those. We aim to provide the best policies and services to help our customers get the peace of mind and protection they need.

Reach Out Today 

If you want to learn more about your auto insurance policy options and how to get the proper protection, call the Aspen Gold Insurance Brokers office. We are here to provide expert insurance products and services to the residents in Colorado. Find out how you can get the right auto coverage without guessing.

Key Factors When Choosing an Auto and Home Insurance Company

Auto and Home Insurance Company


Choosing the right insurance company for your auto and home is a critical decision that requires careful consideration. Your choice can greatly impact your financial well-being and peace of mind. With numerous options available in the market, it’s essential to understand what factors to consider when selecting an insurance provider. In this blog, we will discuss key considerations that can help you make an informed decision when choosing an auto and home insurance company

Reputation and Financial Stability
The reputation and financial stability of an insurance company should be at the top of your list. Research the company’s background, its history, and its financial strength. Look for third-party ratings from reputable sources such as A.M. Best or Standard & Poor’s to assess their financial stability. A financially sound company ensures they can honor their policyholders’ claims in case of any unforeseen events.

Coverage Options and Policies
Evaluate the insurance company’s coverage options and policies to ensure they meet your specific needs. Understand the extent of coverage for both your auto and home insurance. Determine if the company offers comprehensive coverage, including liability, collision, personal property, and other additional options that you may require. Read through policy documents carefully, paying attention to any limitations, exclusions, deductibles, and terms and conditions.

Customer Service and Claims Handling
The quality of customer service and claims handling is crucial when choosing an insurance company. Find out how responsive and helpful their customer service representatives are. Look for online reviews and ratings from existing customers to gauge their satisfaction levels. A company with a reputation for excellent customer service and efficient claims processing will ensure a smoother experience during stressful times.

Premiums and Discounts
Compare premiums from different insurance companies and assess their value for money. Remember that the lowest premium might not always provide the best coverage or service. Look for companies that offer competitive rates while still meeting your coverage requirements. Additionally, inquire about available discounts such as bundling policies, safe driving records, home security systems, and more. Discounts can help reduce your premiums and save you money in the long run.

Financial Protection Limits
Evaluate the financial protection limits offered by the insurance company. Ensure that their coverage adequately protects your home and vehicle against potential risks. Assess the maximum limits they provide for property damage, liability, medical expenses, and personal belongings. Make sure these limits align with the value of your assets and potential liabilities.

Online Tools and Technology
In today’s digital age, insurance companies that provide user-friendly online tools and technology can enhance your overall experience. Look for companies that offer convenient features such as online policy management, bill payment options, claim filing, and access to policy documents. These tools can make it easier for you to interact with your insurance company and simplify administrative tasks.


Choosing the right auto and home insurance company involves careful consideration of several factors. Assess the reputation, financial stability, coverage options, and customer service of the company before making a decision. Compare premiums, discounts, and financial protection limits to ensure your needs are met. Lastly, consider the convenience of online tools and technology offered by the company. By evaluating these factors, you can select an insurance provider that offers the coverage, service, and peace of mind you deserve. Contact our experienced insurance agents for a free auto and home insurance quote.

The Benefits of Choosing an Independent Insurance Agency

Independent Insurance Agency

When it comes to purchasing insurance, making the right choice is crucial for protecting your assets and ensuring peace of mind. While there are various options available, one option stands out when choosing an independent insurance agency like Aspen Gold Insurance Brokers. Unlike captive agents who work for a specific insurance company, Aspen Gold’s agents offer numerous advantages that make us a preferred choice for many individuals and businesses. Let’s explore the benefits of choosing an independent insurance agency like Aspen Gold and why we can be the ideal partner in finding the right insurance coverage.

1.      Choice and Independence
One of the primary advantages of working independent insurance agency like Aspen Gold is the freedom of choice we provide. Independent agents are not limited to a single insurance company’s offerings. Instead, we work with multiple insurance carriers, giving you access to a wide range of options. This ensures that your unique needs and preferences are met, as we can compare policies, coverage, and prices from multiple insurers. This allows us to focus on finding the best solutions tailored specifically to you.


2.      Personalized Service
Independent insurance agents prioritize personal relationships and customer service.  Aspen Gold’s agents take the time to understand your needs, assess your risks, and design a comprehensive insurance plan accordingly. Our personalized approach means we can offer advice, answer your questions, and guide you through the insurance selection process. When insuring with Aspen Gold, you have a trusted advisor who advocates for your best interests and provides ongoing support throughout the policy term.


3.      Expertise and Industry Knowledge
Insurance can be complex, with various policy options and coverage nuances. Our dedicated agents are experts in the field. We possess in-depth knowledge of insurance products, industry trends, and regulations. This expertise allows us to navigate the intricacies of insurance and provide accurate, up-to-date information. We can explain policy terms, help you understand coverage limits, and identify any gaps or overlaps in your insurance portfolio. By leveraging our experience, our agents can ensure you make informed decisions and secure the right coverage for your specific needs.


4.      Time and Convenience
Shopping for insurance can be a time-consuming task. Independent agents can simplify the process by handling the legwork for you. Instead of contacting multiple insurance companies individually, Aspen Gold’s agents consolidate the information, gather quotes, and present you with the best options. This saves you valuable time and effort, allowing you to focus on other priorities while still receiving expert guidance.


5.      Claims Assistance and Advocacy
In the unfortunate event of a claim, Aspen Gold’s agents are here to support you. We act as your advocate, working closely with the insurance company on your behalf to help navigate the claims process, provide guidance on documentation requirements, and ensure a smooth and fair settlement. Our primary goal is to protect your interests and ensure that you receive the benefits you are entitled to.


Choosing an independent insurance agency like Aspen Gold Insurance Brokers offers a host of benefits that make the insurance-buying experience easier, more personalized, and tailored to your specific needs. With our broad selection of options, personalized service, expertise, and claims support, Aspen Gold’s agents provide a level of flexibility, convenience, and peace of mind that is hard to match. Whether you are an individual seeking personal insurance or a business owner looking for comprehensive coverage, partnering with Aspen Gold Insurance Brokers is a wise decision that can help safeguard your assets and provide you with the best possible insurance solutions.

Auto insurance: Seven steps your teen should take after an accident

Teen driver insurance

Teen drivers have enough to worry about behind the wheel. That’s why Aspen Gold Insurance Brokers wants to make sure your new driver is prepared. Located in Colorado, the agency lists seven steps they should follow immediately after an accident.

Remain calm

Accidents are stressful situations. Being overly emotional won’t undo what just happened. Stay focused on the plan you’ve established.

Check for injuries

Safety is the top priority. Survey yourself, other drivers, and any passengers to see if injuries are present. If so, dial 911. Wait for emergency services to arrive.

Move to safety

If no one is hurt, pull your car, so it doesn’t impede traffic. Use flashing lights or flares to signal other drivers to slow down.

Contact police

Whether it’s a minor scrape or a major collision, having a police report protects your interests and speeds up the claims process.

Call parents

Now that you’re safe, it’s time to update your family. Reach out to a parent or guardian to alert them of what has happened. They can help you with the next steps as well.

Document the crash

Start by exchanging information with the other driver. At a minimum, this includes their driver’s license and insurance information. Also, jot down the car’s make, model, and license plate number. Taking photos will help capture this accurately.

Report the incident

Contact your insurance company with your caretaker to begin filing a claim. Your agent can walk you through the process to see if all necessary information has been collected.

Contact an agent serving Broomfield, CO.

Some accidents are unavoidable. But being prepared can prevent a bad situation from becoming worse. With an auto insurance policy, Aspen Gold Insurance Brokers can help ensure your teen drivers are safe and secure on the roadways. Schedule an appointment today with an experienced insurance agent.

When Should I Update My Auto Insurance Policy?

update my auto insurance

Purchasing car insurance in Colorado isn’t only mandatory, but it protects you when the unthinkable happens. Unfortunately, most people renew their insurance policies without giving them a second look. Unfortunately, this may put you in a tight corner when filing claims, only to find out that your car insurance policy is outdated. It can be frustrating, right?

Like most insurance policies, your car insurance shouldn’t be static. Review your insurance policy at least once a year to ensure it covers your current financial needs. Not sure if you should review your car insurance? Here is a guide from Aspen Gold Insurance Brokers of Broomfield, CO.

When Should I Update My Auto Insurance Policy?

When you buy a new car

When you want to replace your current car with another, most insurance companies allow you to transfer your old insurance policy to the new one. However, expect adjustments in your premium, since the value of the old and new car won’t be the same.

Change of use

If you want to convert your personal car into business use, you must update your standard auto insurance to commercial. Business operations pose new risks, and as such, you need appropriate coverage to cover the vehicle and the driver.

Changing insurance companies

Most people tend to stick to their initial insurers because of loyalty discounts, but sometimes making the switch can help you make the most out of your car insurance policy. Every year, request quotes from different insurance companies and compare them with your current insurer to see if you are getting value for your money. If not satisfied with your current provider, make the switch.

Change of personal details

Have you moved to a new address? Changed your names, especially after marriage? Please furnish your insurer with the latest changes to update your policy.

Want to update your car insurance policy in Broomfield, CO? Please get in touch with Aspen Gold Insurance Brokers.

Understanding Auto Insurance

auto insurance

To have the best auto insurance on the market today, you better have a good understanding of the coverage needed. Usually, that equates to what is and isn’t in the agreed policy. In addition, it’s wise to educate yourself on the different types of coverage available. The good people of Aspen Gold Insurance Brokers of Broomfield, CO will have a better understanding of the state minimum requirements expected on a standard auto insurance policy.

Standard automobile insurance coverage provides financial protection against a vehicle accident that causes damage to you and another person’s car or personal property. But the wording inside the agreement may not pay for all of the repairs sustained in an auto wreck. Thus, you may need to consider having a more complete insurance policy to gain full coverage on your vehicle.

Mandatory Auto Insurance Coverage

The state of Colorado requires all automobile owners to carry a mandatory amount of auto liability insurance. The law stipulates the following minimums of $15,000-per-accident for property damage, $25,000-per-person for bodily injury, and 50,000-per-accident for bodily injury.

The coverage pays for all costs associated with the injuries and possible death caused by the crash. That includes all medical expenses for you, the other driver, and passengers. Plus, all parties will receive payment for lost wages and other accident-related expenses. Finally, auto liability insurance will reimburse those individuals who suffered damage to their personal property from the accident.

Optional Auto Insurance Coverage

A standard automobile insurance policy will assist with covering the cost of the damage sustained to your automobile in a road accident. But that doesn’t necessarily mean all of the repairs will be fully covered. This is when optional auto insurance coverage such as collision and comprehensive comes in very handy.

Collision insurance will reimburse you for the damage done to your vehicle as a result of an accident with another car or object on the road. Comprehensive insurance helps to protect against theft or damage is done (fire, flood, vandalism, fallen rock, or tree) from something other than another automobile.

It’s important to understand auto insurance before agreeing to the conditions of a policy. Speak with a professional from Aspen Gold Insurance Brokers of Broomfield, CO to get a better grasp of the coverage needed to protect your car. We can create an automobile insurance policy that fits your needs.