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CO Insurance Specialist

6990 W. 38th Ave. #200
Wheat Ridge, CO 80033

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Is classic car insurance right for you?

There are many different types of insurance. There’s home insurance, health insurance, and auto insurance. There is also a specific type of insurance for classic cars outside of auto insurance. What is classic car insurance, and is classic car insurance right for you?

What is classic car insurance?

Classic car insurance is insurance that is meant for classic cars. Regular auto insurance is not suitable for classic cars because it takes into account the depreciation value and age of the vehicle over time. This means that your classic car would be next to worthless, according to regular auto insurance. This is when classic car insurance comes in. Classic car insurance coverage depends on what the insurance company and the car owner determine as its value. Classic car insurance has some of the same types of coverage as auto insurance, such as liability coverage and comprehensive and collision coverage. However, it also has more limitations and smaller premiums.

Is classic car insurance right for you?

If you have a car that is over a certain number of years old, usually a couple of decades or older, you might be better off with classic car insurance to get the proper amount for the value of your antique vehicle. There are some limitations, though. Regular driving requires a different car. You have to have a safe place to store your automobile, such as a garage, a storage unit, etc. Classic car insurance is right for you if you own one of these types of cars.

  • Collectible cars that are 20 years or older
  • Muscle cars or hotrods
  • Exotic vehicles
  • New ultra-luxury or high-performance cars

Contact Us

There are a variety of standards and limitations to qualify for classic car insurance, but if you qualify, there are some perks that are suited to your classic car. If you have a classic car, contact us at CO Insurance Specialist in Wheat Ridge, CO.

Don’t Be Caught Driving Without Car Insurance

Do you live in or near Wheat Ridge, CO? If so, you live in one of the 48 states that require car insurance. A CO Insurance Specialist can provide the coverage you need to ensure you are within the law.

Car insurance will provide financial protection. You could be held responsible for associated costs if you are at fault. They may include legal fees, the injured party’s medical costs, or their lost income if they are unable to work because of the injury. The liability coverage helps pay for these expenses.

If caught driving without car insurance, you could be faced with a hefty fine or, in some cases, jail time. The government requires car insurance for the same reason it requires seat belts. Both protect drivers and passengers from disastrous scenarios.

If you are involved in a crash in which you are at fault, the driver and other passengers could sue you for 100% of their medical costs, loss of use, vehicle damage, and more. A bill of this size could be more than $100,000. Don’t put yourself at risk of financial devastation.

If you are hit by someone else, you will be glad the law requires car insurance. If an uninsured motorist hits you, it may take a very long time to get the money you are entitled to, if ever. While waiting for payment, you are responsible for medical payments, vehicle repairs, and other expenses.

Every driver needs liability insurance. Only some need collision and comprehensive coverage. Collision coverage helps cover the cost of replacing or repairing your car if you cause an accident or the other driver does not have enough insurance to cover the repairs. Comprehensive coverage will pay for damage resulting from vandalism, floods, theft, falling trees, deer, etc.

Don’t be caught driving without insurance. The risk is too significant. Contact a CO Insurance Specialist today for a quote.

Classic Car Insurance – Protect Your Investment

Are you a classic car enthusiast? If so, is your investment protected with classic car insurance? The CO Insurance Specialist in Wheat Ridge, CO is the professional you can call for all your insurance needs, including classic car insurance.

Whether you paid a tidy sum to make it yours or rebuilt it from the ground up, your special hobby deserves to be protected with the best insurance coverage available.

While it seems to make sense that you can add your classic car to your existing car insurance policy, there are good reasons to have a policy specially tailored for your classic car.

A classic car policy will include typical vehicle coverage with collision, liability, and comprehensive coverage. But it will also cover you in other ways.

  • When your policy is written, you and your insurance carrier agree on the car’s value based on the condition and market value of the vehicle. Therefore, you are compensated for the actual value with no depreciation included.
  • You do not need to go to a repair shop designated by your insurance carrier. You can usually go to a restoration or repair shop of your choice.
  • Some providers specializing in classic car coverage will search for parts that are hard to find, enabling you to have coverage for original replacement parts.
  • Often, you may have the choice to drive whenever you want with no mileage restrictions.

Well-maintained classic cars hold their value and many times will appreciate in price. You want insurance that will recognize your vehicle’s true market value and provide the liability, comprehensive, and collision coverage that is needed.

The pros at CO Insurance Specialist serve the Wheat Ridge, CO area and are ready to answer all your questions. Contact our team today. You will be glad you did.

Auto insurance add ons you may need

Even with a full coverage auto insurance policy, there are additional add-ons that you can purchase to make it the perfect fit for you. Talking with your independent insurance agent in Wheat Ridge, CO, you can count on CO Insurance Specialist to provide the necessary answers and products. 

A full auto coverage policy will include liability coverage, collision, and comprehensive coverage. These will protect your vehicle from accidents and other things that can damage it. But there are a few add-ons that you can supplement your policy with. 

Gap coverage

Buying a new car loses much of its value as soon as you leave the dealer. If you have put down a small down payment and have a large car loan, having gap coverage can keep you from owing money to your lender beyond what the insurance company pays you. 

Roadside assistance

When your car doesn’t start or gets a flat tire, it is nice to be able to call and have someone come and do the repair for you. The cost of this coverage is quite a lot less expensive than auto-club coverage. 

Rental car coverage

If your vehicle is damaged in an accident or another non-collision event, it may be in the repair shop for a while. While it is there, having a rental car is a big plus. To get a rental car, you need to have rental car coverage. 

Full glass coverage

If you have comprehensive insurance, you will have some glass coverage, but you will have to pay your deductible. If you have full glass coverage, you won’t have to pay a deductible, and you will be able to get your windshield easily repaired or replaced. 

Contact the CO Insurance Specialist of Wheat Ridge, CO when you are ready to update your auto insurance. 

Why Should You Have Classic Car Insurance Versus Regular Auto Insurance For a Rebuilt Classic Vehicle?

If you own a classic car that you have restored or invested money in, you may not realize that regular auto insurance may not fully cover the value of your restored or rebuilt car. This is why you may need classic car insurance. Unfortunately, the staff at CO Insurance Specialist, serving the greater Wheat Ridge, CO area, have seen that many people have never heard of classic car insurance or make the mistake of insuring their classic car with regular auto insurance. Here are a few reasons why you should have classic car insurance versus standard auto insurance for a rebuilt classic vehicle.  

Classic Car Insurance Covers Your Car Based on an Agreed Upon Value

Traditional auto insurance values vehicles based on their Bluebook value. They do not consider that some older vehicles may be worth more if they are restored or rebuilt. When you purchase a classic car insurance policy, you and the insurance company agree on the value of your classic car, ensuring your vehicle is insured for its true value. 

Classic Car Insurance Covers Add-On or Aftermarket Parts

Another reason why classic car insurance is essential to have is that classic car insurance helps to cover add-on parts or aftermarket parts. These parts can be pricey, but they are not usually covered under regular auto insurance policies. Classic car insurance covers these expensive parts you have purchased for your car.  

If you have a rebuilt or restored classic vehicle, traditional auto insurance may not value the car as high as you do. This is why classic car insurance is so important. If you have a classic vehicle in the greater Wheat Ridge, CO area, the team at CO Insurance Specialist can help you obtain classic car insurance. Reach out to us today to get started. 

Are There Any Discounts Available For Auto Insurance?

If you’re looking for affordable car insurance, you may be surprised to learn that the cheapest plans don’t come with reasonable premiums. 

Some common ways include lowering your car’s risk by staying safe on the roads and keeping your vehicle in good condition. Confer with CO Insurance Specialists for advice in Wheat Ridge, CO. 

More About Auto Insurance Discounts 

Contact your agent or check online to find out about the different discounts that may apply to you. Contact your insurance provider and compare the other products to find your fittest plan. To receive the best possible rate on auto insurance, it is essential to know what type of coverage you want, how much you are currently paying, and your current situation. 

To receive the best possible rate on auto insurance, it is essential to know what type of coverage you want, how much you are currently paying, and your current situation. Some may require you to meet specific criteria, like being a certain age or having a clean driving record. 

Some companies offer discounts for driving a certain amount of miles driven each year or even lowering your premium if your car is worth more than the value of your vehicle. Additionally, you can shop around to find the best rate based on your driving history and other factors that affect your rate. Below are some ways to obtain auto insurance discounts. 

Use your car for work purposes: If you use your vehicle for business purposes, you may be eligible for a discount. This also applies if you need to make deliveries and run errands on behalf of your company. 

  • Ensure your car is well-maintained: Maintaining it in good condition is an effective way to lower its risk and save on insurance premiums. 
  • Drive safely: If you’re involved in an accident, the insurance company will consider it more likely that you will have another one in the future, which means higher premiums. So, avoid accidents by driving safely and responsibly if you want to save on auto insurance. 
  • Don’t speed: Speeding is among the common causes of accidents. Always consider driving safely.
  • Increase your deductibles: If you increase your deductible, you’ll have to pay more out of pocket for minor repairs and less for bigger ones. You can reduce your premiums without sacrificing the quality of your car’s protection. 

For expert help in Wheat Ridge, CO, check with CO Insurance Specialists.

Classic Car Insurance FAQs

Do you own a classic car like a 1964 Ford Mustang? Then it would be best if you had classic insurance. Are you confused about classic insurance? Well, you are not alone. Most people don’t differentiate between classic insurance and standard car insurance. So, if you own a classic car, you must understand that this insurance protects your classic in case of an unfortunate accident. CO Insurance Specialists have prepared some of the frequently asked questions about classic insurance to shed some light.

Is my car eligible for classic insurance?

For your car to qualify for classic insurance, it must be twenty-five years and above. So, your daily drive may not be eligible.

What is the agreed value?

Unlike other standard cars, classic cars appreciate. So, in this case, the actual value can’t work. In this case, you and your insurer agree on the value of the car when stolen or damaged.

Is classic car insurance expensive?

Surprisingly, classic car insurance is cheaper than standard auto insurance. The premium is affordable because you don’t drive it daily, making the risk minimal.

Is classic car insurance a requirement?

Yes, in Colorado and most states, you must show proof of insurance while on the road with your classic car. Remember, your classic vehicle poses the same risks as other standard motor vehicles.

What are the classic insurance coverage options?

The classic insurance coverages are similar to those of typical car insurance. Some of the coverages include:

  • Lability coverage
  • Collision and comprehensive coverage
  • Uninsured/underinsured motorist coverage
  • Roadside assistance
  • Medical payments

Classic car insurance in Wheat Ridge, CO 

Since classic cars are extraordinary and unique, they require a special insurance policy. But if you are still unsure about classic car insurance cover, talk to us at CO Insurance Specialists for more insights. Ready to protect your pride? Call us today if you live in Wheat Ridge, CO, and preserve your classic vehicle.

Why basic auto insurance may not be the right choice

Basic insurance is the minimum amount of coverage you can have legally to drive a vehicle in a given state. In Colorado, that is 25/50/15. Other states have other amounts. While this may be the perfect coverage for some people, it isn’t suitable for everyone. For those who live in or near Wheat Ridge, CO, CO Insurance Specialists has an experienced team who is happy to provide the information you may need to determine if basic coverage is right for you. 

With basic insurance, other drivers are protected from you. If you are the responsible driver in an accident, you will pay for medical bills and damage to the other vehicle. But it doesn’t do anything for your car. You will be left to pay for any repairs yourself. 

If you have an auto loan or are leasing a vehicle, you will need to have insurance to protect your vehicle, which the loan company or the lessor has an interest in. 

But what about your vehicle if you don’t have a loan or lease? Do you count on your vehicle for your activities of daily life? Most people do. If you had an accident or were the victim of a hit and run, would you be able to pay for the repair? If your vehicle was stolen, would you have the money to replace it? 

Collision coverage provides the money you need to repair or replace your vehicle if damaged in an accident. Comprehensive coverage covers you for vehicle theft and other things other than an accident that can damage or destroy your vehicle. It includes glass coverage as well. Most coverage will require that a deductible be paid. 

Contact CO Insurance Specialists in Wheat Ridge, CO when you need to make some auto insurance decisions. 

Does everyone need auto insurance in Colorado?

Anyone that lives in the Wheat Ridge, CO area will want to know that they have an efficient way to get around. Owning a vehicle can ensure you can get around and enjoy all that the community offers. If you purchase or lease a vehicle, getting auto insurance will be a necessity. There are various reasons why this coverage should be considered necessary. 

Mandated as Legal Requirement

Anyone in this part of Colorado will need auto insurance because it is mandated as a legal requirement. If you are going to drive any vehicle in this state, you need to meet the set insurance standards. This will typically require that you at least have liability coverage. If you have leased the vehicle or taken out a loan, the financing company will also require collision and comprehensive protection. 

Protect Investment

You also should get an auto insurance plan to ensure you are protecting your investment. If you choose to buy a car, you will want to use it for a long time. A great way to protect this is by getting an auto insurance policy that has full coverage. In this situation, you will have support if your car is damaged or stolen. 

If you buy a car when you are in the Wheat Ridge, CO area, you will want to know that you are adequately insured. The professionals with the CO Insurance Specialist can offer any support needed to build your next insurance plan for your car. If you call the CO Insurance Specialist, they can provide a personalized assessment that will also ensure you are aware of all needs and coverage options. 

Is your classic car insurance sufficient?

Wheat Ridge, CO area car enthusiasts are fortunate to have the CO Insurance Specialist team available to help them with all of their insurance needs. We are here to help you make sure that your classic car has the right policy protecting it.

Owning a classic car is a commitment

Anyone who owns a classic car understands that it’s not a hobby. It is a commitment. And, there is typically a lot of financial investment that goes along with owning this type of vehicle. Because of this, you want to make sure that your classic car policy provides the coverage that you need.

There are a number of different factors that can impact your decision when you are selecting your policy:

  • How often do you drive the vehicle?
  • How far is it driven?
  • Do you store your car at home or off-site?
  • Is it stored in a temperature-controlled area?

These are just a few of the questions that you should review with your insurance agent. Depending on your answer to the above queries, your insurance needs may be different than what you expect.

Owning a classic car is a serious joy, and with that joy comes a strong sense of responsibility. You want to make sure that your vehicle has the necessary coverage in place now and for the foreseeable future. Now is a perfect time to review your classic car policy.

We are here for you!

If you live in the greater Wheat Ridge, CO area and own a classic car, it’s time to get to know the CO Insurance Specialist team. We are here to help you find the right policy and protection for your classic call. Give us a call today and set up your consultation. We look forward to working with you!

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