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It’s possible that one of the auto insurance reforms currently in the Colorado legislature will eventually have a positive impact on auto insurance premiums in the state, but in the meantime here are a few practical suggestions for ways to reduce your cost of auto insurance or to a least keep it at its current level. • Liability insurance: This is the minimum required in most states. However, if you own an older car that is paid for, you can also cancel what is called the Comprehensive portion of your insurance and merely keep the Collision portion of your policy, which is required by state law in Colorado. Colorado vehicle insurance