What are the deductible amounts that all insurers must offer for collision coverage?

The correct answer is based on the requirements established under Colorado insurance law, which mandates that insurers must offer at least two deductible amounts for collision coverage. The amounts of $100 and $250 reflect the minimum deductible options that must be provided, ensuring that policyholders have at least a couple of choices for how much they want to pay out of pocket in the event of a collision claim.

Providing these specific deductible amounts allows consumers to select a level of financial risk they are comfortable with, acknowledging that higher deductibles often result in lower premium costs. Therefore, knowing these options is crucial for both producers and consumers in navigating auto insurance policies in Colorado.

Understanding these mandated offerings is essential as it aligns with the state's regulations aimed at promoting transparency and choice in auto insurance policies.