Colorado · Bind the next policy before you cancel
A cancel date with nothing behind it is a lapse.
Colorado’s financial-responsibility floor is $25,000 per person and $50,000 per accident for bodily injury, and $15,000 for property damage. That pays other people. Cancel the old policy only after the new one is bound, with the dates overlapping. A day in between is a lapse. This is educational, not DMV or legal advice. Notice periods and refund math are in the contract. This page does not invent them.
Unearned premium may come back. A mid-term cancel can also involve earned premium, a minimum earned premium, or short-rate math. The cancel clause says which. Changing the agent while you keep the company is often a broker-of-record letter, not a cancel: change the agent, keep the company. A company ending you is different: cancellation versus nonrenewal. A stored car may still need comprehensive: the Texas version of that question is non-operational coverage. Registration proof: insurance and registration. The same steps in Texas: canceling a Texas auto policy.
Colorado pages: Colorado insurance and car insurance options.
