If you own a classic car, it is recommended that you purchase classic car insurance over traditional auto insurance. One of the questions that we at CO Insurance Specialist, serving the greater Wheat Ridge, CO area, are asked, is whether you need classic car insurance if you never drive the car. Here is what you need to know. 

What is Classic Car Insurance?

Classic car insurance is insurance designed for classic cars. With traditional auto insurance, you only get paid what the Blue Book value of your car is worth if it is damaged or in an accident. This can be low for an older car. Classic car insurance pays you what the classic car is worth on the resale market, not based on Blue Book value. 

What Does Classic Car Insurance Cover?

Classic car insurance covers many different scenarios, depending on the type of insurance you purchase. Classic car insurance may cover accidents, damage to the vehicle when it is parked, theft or vandalism. Carefully read through the policy you are considering buying before you purchase it to ensure it has the coverages you are looking for. 

Do You Need Classic Car Insurance If the Car is Never Driven? 

You should carry classic car insurance, even if the car is never driven. A great policy will cover damage to the vehicle even when it is not being driven or theft. A good policy will help to protect the investment you made in the car, regardless of whether it is being driven or not. 

It is highly recommended that you purchase classic car insurance for your vehicle, even if you never drive the car. If you are in the market for classic car insurance in the greater Wheat Ridge, CO area, CO Insurance Specialist can help. Contact us today for a free quote or to learn more. 

The state of Colorado requires that all car owners have auto insurance to protect oneself in the event of an accident. The only choice you have is either to purchase the states’ minimum coverages or include the premium rates available. 

At CO Insurance Specialist, we provide you with all the guidance that you may require to help you select the most convenient, affordable, and goal-oriented package. Here are some of the standard coverages in Colorado’s auto insurance policy.

• Medical: A medical coverage will settle bills for injuries on other people in your car who may get hurt in an accident.
•  Bodily Liability. Liability protection means that if you’re found to be at fault in case of an accident, your policy benefits will be used to pay for the injuries sustained by other parties.
• Property: In a road accident, the car may crash on other peoples’ property. In such situations, your property liability coverage helps compensate for the loss.
• Comprehensive: This coverage primarily protects your car from theft, glass breakage, fire, vandalism, and other elements that may damage the vehicle.
• Collision: Collision coverage exclusively comes in only when your car collided with another vehicle, animal, trees, stones, or other motorists like motorbikes irrespective of who is at fault.
• Uninsured/underinsured: Every country has those few drivers who drive without valid insurance policies. In an incident where you’re hit by a motorist who is either not adequately insured or completely uninsured, they may not be in a position to pay for the damage or injuries that you may sustain in the occurrence regardless of whether they’re at fault. This policy compensates for that.

Accidents knock anytime and if you’re not prepared may have to pay large sums of money to save lives. CO Insurance Specialist in Wheat Ridge, CO helps you cover yourself, family and other motorists. We encourage you to visit us, and we will ensure to get you a rate that is perfect for you.

 

Owning a classic car is an enjoyable experience and helps you take a walk down memory lane. You do need insurance for your classic car, and that type of insurance is known as classic car insurance. You might be wondering whether that insurance is more or less expensive than standard car insurance. Here is some insight on that, courtesy of CO Insurance Specialist serving Wheat Ridge, CO.

The cost difference

Many people might assume that insurance for a classic car costs more than insurance for a regular car. But the opposite often is true, so many times, it is less expensive.

There are reasons for classic car insurance typically being less expensive than standard insurance. For example, there are certain restrictions for classic cars, and those lower the price of insurance. Some of the restrictions might relate to when the vehicle is permitted to be driven, the distance away from home that it can be driven, and the places to which it can be driven.

Because classic cars are restricted as far as how often they are allowed to be driven per the insurance policy, they are automatically less likely to be in accidents and experience damage. It is thus less expensive to insure them.  

Factors that affect the cost of insurance

Many factors can help to determine how much classic car insurance costs. For example, how much the car will be driven, how old the car is and how it will be used can affect the cost.

Purchasing classic car insurance can be somewhat more complex than obtaining insurance for a different type of car. If you need help deciphering all those ins and outs, we can help. So feel free to contact CO Insurance Specialist serving Wheat Ridge, CO with your questions about classic car insurance.

As a driver, you face several risks every time you hit the streets of Wheat Ridge, CO, including collisions, theft, vandalism, and much more. However, having auto insurance with CO Insurance Specialist ensures that you are financially protected in case of an unknown risk.

The state of Colorado requires all drivers to carry auto insurance, failure to which you can face penalties such as fines, license suspension, community service, and 4 points on your driver’s license. In addition, the Colorado DMV requires you to show proof of auto insurance before you can register your car or renew registration.

Drivers must have the following coverage options:

Property Damage Liability

This coverage covers expenses related to the damage to someone else’s property when you cause an accident

Bodily Injury Liability

This coverage caters to the expenses related to bodily injuries of a third party when the accident is your fault.

But, other smart coverage options to add to your auto insurance policy include:

Comprehensive

Comprehensive coverage caters to the cost of repairing or replacing your vehicle in case it’s damaged due to non-collision accidents, for instance, vandalism, theft, wildlife, and much more.

Collision

Collision coverage caters for the cost of repairs to your vehicle in case it’s damaged after hitting or being hit by another vehicle or object.

Uninsured/Underinsured

Even though auto insurance is compulsory, some drivers still don’t carry it while others don’t have enough coverage. This type of coverage covers expenses in case you’re involved in an accident where the other party is at fault but has less or no insurance.

Medical Payments

This coverage caters for your medical expenses and those of your passengers in case of an accident regardless of who’s at fault.

At CO Insurance Specialist, we offer affordable, reliable auto insurance policies. Contact us today for a worry-free driving experience in Wheat Ridge, CO.

Drivers in the Wheat Ridge, CO area can turn to the agents at CO Insurance Specialist if they have concerns about their insurance coverage. Being involved in a hit and run accident can be an upsetting experience, especially when you don’t know who to blame for the damages, Getting your vehicle repaired is your primary concern, but who will ultimately pay for it?

File A Police Report

If you find yourself the victim of a hit and run accident, your first phone call should be to the police. You will need to file a police report and get the names of any witnesses that may have been present. The police report should be filed as soon as possible so they can begin their investigation while the leads are still fresh,

Call Your Insurance Agent

Your next step is to call your insurance agent and let them know what has happened. Your insurance agent will discuss your options with you. They will also be in communication with the police department if the other driver is ever identified. Once your agent has everything processed, they will help you to get the necessary repairs for your vehicle. 

At CO Insurance Specialist, residents who live in or near Wheat Ridge, CO can talk to an agent to find out what they need to do if they are involved in a hit and run accident. It’s imperative that you call and schedule an appointment as soon as possible so that your car can be repaired as quickly as possible. Whether you are looking for a new policy or have questions about an existing one, they can help!

 

Classic Cars are Both a Hobby and an Investment

When you stop to think about the investment that you have made in your classic car collection, in terms of both money and time, it becomes clear that the appropriate type and insurance level is essential. If you are in the greater Wheat Ridge, CO area, contact CO Insurance Specialist for guidance during your insurance selection process. 

When choosing the correct policy to cover your classic car, be sure to consider the following:

• Is the car stored in a garage full-time
• How many miles, and how far from home is it typically driven each year
• Your previous driving experience and record

Classic car enthusiasts typically enjoy taking their autos out for Sunday drives or to meet up with other drivers at car shows and local rallies. While there are certain restrictions that are in place for coverage of classic cars, the team at CO Insurance Specialist will work with you to find the policy that is appropriate for your needs. Collectors and car enthusiasts require a specialized policy and an agency that understands the intricacies of their investment.

Classic cars that are driven more than approximately 5,000 miles each year can be more difficult to cover, as there is a greater chance for loss. If your situation falls outside of the typical guidelines for obtaining a classic car policy, we will work with you to find a workable alternative whenever possible.

Classic cars are a unique and meaningful asset, and knowing that you have the proper insurance can provide you with a lot of peace of mind. Stop by or call CO Insurance Specialist to learn more about protecting your classic car in the greater Wheat Ridge, CO area. 

If you own a vehicle in Wheat Ridge, CO, you should already know that you need to have auto insurance before you drive it anywhere. Having this coverage is something that is required by law in the state. However, there are some people who want to have more than the minimum state coverage so they can be better protected. If this is the case for you, use this guide from CO Insurance Specialist to find the right amount of coverage for you. 

• Make sure you at least have the state minimum requirements. If you do not have the minimum coverage, you could end up in some legal trouble as a result. Verify you at least have this coverage at a minimum. 
• Consider getting coverage to match the value of your vehicle. If you have a newer vehicle or one that has a higher value associated with it, you may want to consider getting enough coverage to match the value of it in case anything were to happen. 
• Explore different deductible limits. Higher deductibles usually mean lower premiums and you can get more coverage if you can handle a bigger deductible. Do not opt for a higher deductible if you cannot afford to pay for it, however, or you could find yourself in some financial trouble.

If you are still not sure just how much coverage you should have or if you would like to take a look at your current policy, be sure to reach out to us today here at CO Insurance Specialist, serving Wheat Ridge, CO. We will take a look at your policy to make sure there are no gaps in coverage and can even help you find a new policy that meets your needs and your budget. 

Driving in Wheat Ridge, CO is a privilege, not a right. In order to be allowed to operate an automobile on the streets and highways of the state, you must prove you are responsible This means you:

• Maintain a safe vehicle
• Have a current and legal drivers license
• Insure the automobile to at least the state minimum coverage

Check with your insurance agent. You will be shocked at how low the coverage amount really is.

Does This Mean You Are Covered?

The answer is (almost always), partially. CO Insurance Specialist serving Wheat Ridge, CO explains. If your car was damaged the minimal coverage will usually pay enough to cover the damages. However, if the car is totaled, it probably will not pay enough to replace the car. Even if your car was very carefully cared for and in perfect condition you will be paid the blue book value of your car, which is rarely enough to replace it.

If you sustain minor injuries, there is enough coverage for treatment. However, if you are hurt seriously, your hospital stay, surgeries, therapy, and medical needs can easily go into the hundreds of thousands of dollars. In short, you can find yourself in financial and physical trouble very quickly.

So, What Can You Do?

Colorado Insurance Specialist. They can show you how to add uninsured or underinsured coverage to your policy at a very reasonable price. This is your safety net. This is how you make sure you have protection and peace of mind for your family.

What You Need To Know

All insurance companies are not created equally. Some will try to twist things around to save their company money. CO Insurance Specialist has been in business since 1988. They will gladly answer your questions. You can visit them online or give them a call. They can show you what you are missing and help you find the right coverage.

 

Vandalism is a common problem for people who live in larger cities, but not so much in smaller towns and communities. Although it can happen anywhere, many people don’t fully protect their vehicles from this type of damage. The agents of CO Insurance Specialist serve the residents of Wheat Ridge, CO and the surrounding communities. When you contact their office to inquire about auto insurance, they can help you find the best policy for your individual needs.

What Type of Damage Is Considered to Be Vandalism?

Vandalism can include a wide variety of damages, including:

• Scratches from keys or other metal objects
• Broken windows
• Spray paint 
• Broken mirrors
• Damaged bumpers
• Stolen tires or other car parts

While there are other types of vandalism, these are the most commonly reported. Many of these are covered by comprehensive auto insurance policies, but not under collision or policies that provide minimum coverage.

How Do I Know If I’m Covered?

It’s important to know what type of policy you have before you experience any type of vandalism. If you aren’t sure what is covered under your policy, you need to talk to your insurance agent. They will go over your policy with you so that you understand what is and is not covered. In most cases, having a comprehensive policy will cover most types of damage whether they were caused by an accident or not.

If you’re concerned about vandalism and want to learn more about comprehensive auto insurance coverage, call CO Insurance Specialist today and speak to a reputable agent. They provide service to many residents living in or near the Wheat Ridge, CO area. Don’t risk having the coverage you need. Call their office today for an insurance evaluation.