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  • Affidavit Of Financial Responsibility - Colorado.gov - Colorado

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DR 2314 (04/10/09) Colorado department of Revenue DIVISION OF MOTOR VEHICLES Driver control section room 164 (303) 205-5613 Affidavit of Financial Responsibility FRA Case Number Name Driver 's License.

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What is the financial responsibility law in Colorado? A completed Form DR 2314, Affidavit of Financial Responsibility, indicating that you are not responsible for any injury or property damage as a result of the accident.

Being financially responsible means living within your means. It really is that simple – and a budget is the crucial first step. Keeping track of your income and expenses may help you spend less than you earn. You can also factor in saving, or paying off any existing debt.

Drivers in Colorado are required by law to provide evidence of financial responsibility in the event of a collision. The most popular way of proving financial responsibility is to obtain a liability insurance policy. If you are insufficiently insured at the time of an accident, your driver's license will be suspended.

The most common means of proving Financial Responsibility is through a liability insurance policy underwritten by an insurance company authorized to do business in the State of California. A cash deposit on file with the Department of Motor Vehicles in the amount of $35,000.

The three financial responsibilities that come with owning a car are operating costs, fixed costs, and crash costs.

If a motorist is caught driving without auto insurance they're in violation of the Financial Responsibility Act and they'll receive an FRA suspension, also known as a financial responsibility law suspension or random selection suspension.

The financial responsibility law states that the driver of a vehicle is responsible for any bodily injury or damage to property caused by his or her driving and that the driver must purchase vehicle insurance to cover these kinds of financial damages.

Maintenance, Repairs, Gas Oil changes: every 3000 miles ($25) Brake pad replacement: every 30,000 miles (about $250 each end) Tire alignment: if you notice drifting to one side (about $80) Tune up: if the car isn't running right ($130-280)

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232