Insurance rates are not necessarily dictated by the state of the license you hold but generally by other factors such as age, driving experience, your driving record and your geographical location. The geographical location should be where you are residing and your car is garaged, thus the state and town which you are currently living in.

According to the Colorado Division of Motor Vehicles if you are a Colorado resident who operates a motor vehicle or motorcycle on public streets and highways in Colorado, you must have the appropriate valid Driver's License. A resident is defined as a citizen who has lived in Colorado for 90 continuous days; or upon becoming employed, whichever occurs first.

Anyone relocating to Colorado, surrendering a valid Driver's License from another state is not required to take a written test; however a second primary form of identification establishing lawful presence, such as a birth certificate, or immigration document, must be presented along with the Driver's License. The license from the other state must not have expired for more than one year. A vision screening test is required.

The CO DMV also notes that if you have recently moved to Colorado, you must apply for a Colorado title and registration for your vehicle within 30 days from establishing Colorado residency. You must provide proof of insurance to your county clerk and recorder before registration can occur. You may use your insurance card, copy of your insurance policy or a letter from your insurance company (on the company's letterhead paper), as proof of insurance.

It is a personal decision if you want to wait purchase insurance until after you have changed your license from a New York one to a Colorado issued driver's license however if you wait to change over your insurance from NY to CO you should make sure that your NYS insurance company will cover you properly until this is done. To get auto insurance quotes online for Colorado click here.