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CO Insurance Specialist

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

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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!

A Brief Guide to Classic Car Insurance

If you own a classic car in Wheat Ridge, CO, you know there isn’t much that can compare to taking it out on a nice afternoon for a ride that turns heads. Whether you own a classic car or are considering purchasing one, it is important to understand that these vehicles require a different type of insurance policy than the standard automobile. CO Insurance Specialist shares a few things you should know about classic car insurance.

How Do You Become Eligible for Classic Car Insurance?

Most auto insurance companies have a specific list of requirements to be able to insure a classic car. Though there isn’t usually a minimum value requirement, it is stipulated that a vehicle is worth more currently than when it was originally made. Further, the vehicle usually needs to be at least 10 years old.

Insurance companies will also take into consideration the condition of the vehicle. It should be running (or close to it) and in good shape overall. The vehicle is required to be stored indoors and maintain low mileage. There will generally be a set number of miles that the vehicle can be driven each year.

What Is the Difference Between Standard and Classic Auto Insurance?

Both standard and classic auto insurance offer the main types of protection, such as collision, comprehensive, and liability. Classic car insurance simply takes things a step further based on the very unique needs of older vehicles.

For instance, it will take into account the higher costs of a collision, as classic models will typically cost more to repair due to the need for rare mechanical skills and lack of available parts.

Classic car insurance is designed specifically for the higher expenses and needs of a vintage or antique car.

If you have any questions about classic car insurance in Wheat Ridge, CO, contact the professional agents at CO Insurance Specialist.

Understanding the Difference Between Full Coverage and Liability Auto Insurance

As a driver, you want to carry auto insurance so you, your vehicle, and other motorists are protected. As you begin shopping for auto coverage, you will find there are multiple types of policies available. Each of these policies offers different protection. The two most common types of auto insurance are liability and full coverage. CO Insurance Specialist, Wheat Ridge, CO, shares some information on what differentiates the two.

Liability Auto Insurance Coverage

Liability insurance coverage will cover the cost for any vehicle damage or personal injuries that occur to other motorists when you are deemed at fault for an accident. Most states require that you carry a minimum amount of liability insurance. This amount varies from one state to the next. 

It is important to understand that this liability coverage fails to cover any kind of personal expenses you may incur as a result of the accident. As a result, when you only have liability insurance for your vehicle, you are assuming a much higher amount of risk personally. With that being said, liability insurance is usually only opted for older vehicles that don’t have a high monetary value.

Full Coverage Auto Insurance

When you are equipped with full coverage insurance for your vehicle, you have the aforementioned liability coverage as well as collision and comprehensive coverage. The collision insurance coverage protects you by paying for the vehicle repair costs after it sustains damage from an object or another motorist, regardless of who is found to be at fault. The comprehensive insurance coverage will pay for repairs that are not related to an auto collision, such as hitting a deer or vandalism. 

You have much greater coverage when you purchase this type of insurance. The potential out-of-pocket expenses in the event of an injury or accident are lower. Further, if you are leasing or financing your vehicle, this coverage is generally required by your lender or the dealership.

If you have more questions about liability and full coverage auto insurance, or if you need help putting together the right policy for you, contact CO Insurance Specialist, Wheat Ridge, CO, for professional guidance.

What’s the Difference Between Classic Car Insurance and Auto Insurance?

Whereas auto insurance is designed for vehicles used for daily use, classic car insurance is meant for collector vehicles that are driven infrequently. Aside from usage, classic car and regular auto insurance also differ in the way that a settlement is determined for a total loss claim. Unlike traditional auto insurance that factors in depreciation, classic car insurance agrees on a set price for the value of your collector car at the time of purchase so that you’ll know exactly what the payout is if there is a total loss. Otherwise known as Agreed Value Insurance, this feature of classic car insurance helps to protect the entirety of the investment made in the vehicle which is often quite substantial.

To qualify for classic car insurance, a vehicle must be at least twenty-five years old or be deemed a collector/exotic value that has substantially appreciated in value. Keep in mind that classic car insurance is only for vehicles that are not driven regularly and there will likely be a mileage restriction regarding usage. Given that a collector vehicle is driven infrequently leading to a lower accident frequency, classic car insurance is often less expensive than regular auto insurance. 

If you own a classic car and are in the Wheat Ridge, CO area, give CO Insurance Specialist a call to learn about your insurance options. We’ll determine if your vehicle is eligible for classic car insurance and work hand in hand with you to establish an appropriate value for your collector automobile. Give the friendly and professional team at CO Insurance Specialist in Wheat Ridge, CO a call today to schedule a no-obligation consultation. 

Reasons to Get a New Policy When You Buy a New Car

When you buy a new car, you need to make some serious changes. If you have a loan or lease on the car, you have more insurance requirements to meet. This means that you might have a lot of decisions to make about your coverage options.

CO Insurance Specialist, which serves Wheat Ridge, CO, can help you choose the best new policy for your car. These are the reasons why you should consider getting a new policy for your new car.

You Need to Meet Mandatory Insurance Minimums

When you buy a new car, you need to make sure that you meet your state’s liability coverage. This ensures that you meet the legal requirements so that you can register your vehicle and protect others on the road.

You Need to Meet Lender Requirements

When you buy a brand new car, there is a chance that you are doing so with a loan. When you have a loan, you need to make sure that you meet the lender’s requirements. Usually, this means that you need to have collision and comprehensive coverage.

You Should Consider Gap & New-Car Replacement Insurance

If something happens to total your car, you need to have the assurance that your vehicle will be replaced. You will still be responsible for the loan, so gap insurance makes sure you are not stuck paying for a car you can no longer drive.

Get the Right Policy Today

CO Insurance Specialist provides many clients in Wheat Ridge, CO with insurance for new cars. If you have spent a lot of money on a new car, it makes sense that you want to make sure you have the right coverage. Contact the office if you want to learn more about your policy options.

Three Benefits of Investing in Condo Insurance

There are numerous benefits to living in and owning a condominium in Wheat Ridge, CO. With a condo, you get a luxurious experience while also being able to own a private dwelling. Unlike a private home, you aren’t responsible for a variety of expenses, such as maintenance and lawn care, outside of your individual unit. However, like owning a home, you should seriously consider investing in condo insurance from a company like CO Insurance Specialist to protect your condo and personal belongings, and here’s why.

Condo Insurance Provides Replacement Coverage for Your Unit

As a general rule, a condominium will have a master insurance policy that takes care of the reconstruction of the building itself and any common areas in the event of a fire or other disaster. However, that coverage will usually stop at the exterior walls. In other words, the coverage will not pay for any damage that occurs inside of your individual unit.

Therefore, as the condo owner, you will be personally responsible for covering the replacement of any flooring, drywall, cabinets, light fixtures, etc. Without condo insurance, the money to pay for all of that will come right out of your pocket.

Condo Insurance Provides Personal Liability Coverage for Guests

In the event that someone is visiting your condo and gets injured, an individual condo insurance policy may be able to provide coverage for any personal liability that is involved. If you have someone over that causes damage to a common area of the condominium, the condo could potentially sue you. Your condo insurance policy may cover you in this instance as well.

Condo Insurance Provides Personal Property Coverage for Your Belongings

Every single day, vandalism, burglary, and theft occur. The inside of your condo can suffer damage from a kitchen fire, an electrical fire, or leaking plumbing pipes. A master condo policy will not provide coverage for events like these, and because of this, a personal condo insurance policy is necessary to ensure your personal belongings are covered in the event of a disaster inside your individual unit.

Contact CO Insurance Specialist to Purchase Condo Insurance Today

If you are ready to make the next move to protect your condo in Wheat Ridge, CO, contact CO Insurance Specialist today to discuss potential coverage options and let one of our agents tailor a condo insurance policy to your individual needs.

What Does Classic Car Insurance Cover?

You have invested a ton of money in your absolutely gorgeous classic car or track, and you now want to protect it from all sorts of scenarios. The best way to do that is through having the proper classic car insurance in place in the experts at the CO Insurance Specialist in Wheat Ridge, CO can help you do just that

Coverage of Classic Cars

First of all, in the state of Colorado, your car must be at least 25 years or older to be considered a classic. Normally classic cars must be distinctive which means they must be a vintage vehicle, an exotic or luxury one, a muscle car, a vintage military vehicle, or the beloved hot rod. If your vehicle falls into one of these areas and classifies as a classic car, you will want to make sure that you have classic car insurance in place.

When it comes to basic insurance, you must have at least liability insurance in the minimum amount that is required by the state of Colorado to protect others in the event there is an accident when you are driving your classic vehicle on a public roadway. This should not happen very often since classic cars are not meant to be driven for everyday use. You could, however, be driving to her from a classic car show, parade, or another event, so you’ll still need to have this type of insurance in place.

You also want to have full coverage on your classic vehicle since it is an actual investment, more so than a regular car. This is due to the fact that classic cars actually increase in value as time goes by whereas other vehicles depreciate pretty much right after you drive them off the car lot. Your insurance agent that understands classic car insurance will be able to determine the amount you need to have since it is based on the agreed value of your vehicle versus the actual cash value like with regular car insurance

To decide upon the amount and type of classic car insurance you need for your vehicle, contact the experienced and trusted classic car insurance agents at the CO Insurance Specialist in Wheat Ridge, CO today to get your policy started immediately.

Tips for first time auto insurance buyers

Whether you are buying your first car or looking to move off your parents’ auto insurance policy, you might feel overwhelmed by the information around you. Myths and misunderstandings are pretty common in the car insurance industry, and if you’re not careful, you may end up making the wrong insurance decisions. To get you started in the right direction, here are tips to guide your purchase.

Do your homework 

Part of your insurance buying process is simplified by the amount of research you do on your own. Apart from familiarizing yourself with the car insurance jargon, you also learn essential components of your policy, such as the state’s minimum car insurance requirements. Most states, including Wheat Ridge, CO  require that drivers carry minimum liability insurance to protect themselves and other road users. 

Assess your car insurance needs

Every driver has different needs, hence different insurance rates. If you intend to use your vehicle for an everyday commute, you may want to look at other auto insurance coverages and determine which ones to buy. Insurance companies like CO Insurance Specialist have various optional coverages for policyholders who need extra coverage. Check if you need to enroll on a driving course to improve your skills and keep a clean record and where you will be storing the vehicle.

Shop around

Shopping around means comparing quotes from different insurance companies before settling to buy. Don’t be deceived that insurers offer the same or roughly the same coverages and premium rates. Every insurance company in Wheat Ridge CO has its own way of calculating insurance rates. They also have different terms and discounts for their customers.  Just make sure that your ideal insurance company has all your interests at heart, especially when it comes to premiums payment terms.

Auto insurance is less complicated once you are familiar with the process. If you feel you need help going through the insurance buying process, contact any CO Insurance Specialist for assistance.

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