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The Colorado statute of limitations for car accidents is three years from the date of the accident. If you intend to file a claim against the responsible party, you must do so within three years or risk having your claim barred due to an expired statute of limitations.
No, Colorado is not a no-fault state. In Colorado, you may sue the responsible party any time that you get hurt or have property damage in a car accident. You don't have to have serious or permanent injuries to bring a lawsuit against the responsible party after a car accident in Colorado.
If you're involved in a traffic accident that causes property damage or bodily injury, Colorado law requires you to file an accident report within 60 days of the collision.