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Purchasing a new vehicle will require that you obtain sufficient automotive insurance coverage. Learn how your purchase may affect the policy you will need. Then, contact a CO Insurance Specialist who serves Wheat Ridge, CO.

Vehicle Type

The type of vehicle that you purchase will reflect upon the coverage you need. A brand-new vehicle that is being financed may necessitate that you purchase a full coverage policy.

An older vehicle that has been pre-owned may only require that you carry liability insurance. Research the insurance requirements in the region you reside in. Then, use this information to guide you when shopping for a vehicle.

Frequency

You will need to determine how often your vehicle will be driven. If you aren’t going to drive your vehicle daily, you may not need as much insurance coverage. A vehicle that won’t be driven much may qualify for basic insurance.

Driving Location

The areas where your vehicle will be driven will determine your risk factor. If you plan on driving on busy roadways, you may need to purchase a comprehensive insurance product. If you plan on traveling in densely populated areas, you may not be considered as much risk.

Details and Quotes

Before you meet with an agent, write down all the details that are related to your new vehicle. Compare insurance rates through several agencies. 

Get a Quote in Colorado!

Contact an agent who serves Wheat Ridge, CO, to discuss the automotive insurance coverage that you need. A CO Insurance Specialist will outline various types of automotive insurance that will provide sufficient coverage when driving your new vehicle.

Classic car enthusiasts often invest significant time and resources into restoring their vintage vehicles. If you’re pouring blood, sweat, and tears (not to mention money) into a classic car, you want to ensure it’s covered while being worked on. Here’s how classic car insurance may be able to cover a car during restoration.

Coverage During Restoration

Restoration vehicle includes when the car may be partially assembled, stored in a garage, or towed to/from service centers for specialized work. The location where it’s being worked on might be your Wheat Ridge, CO home’s garage, or somewhere else.

Some classic car insurance policies in Wheat Ridge, CO, may offer coverage during restoration. Coverage depends on a specific policy’s terms, however, and not all policies include coverage for restoration. Certain policies may offer it only as an add-on, and a few might not have this coverage at all.

When a policy does cover restoration, it usually protects the vehicle against risks like theft, vandalism, and damages. Again, what exactly is covered depends on the particular policy.

Working With a Specialized Agent

Understanding the specifics of a given classic car insurance policy usually requires detailed knowledge about these policies. At CO Insurance Specialist, we understand these policies and have helped many Wheat Ridge, CO drivers get specialized vehicle coverage. We have the expertise necessary to make sure you find the right policy for when your classic car is being worked on.

Contact us at CO Insurance Specialist today to speak with a knowledgeable agent who can assist you.

Have you bought a new luxury car recently? If so, you’ll find that insuring it has different parameters than most other vehicles in Wheat Ridge, CO. Luxury vehicles have additional considerations than most other vehicle types, making it difficult to find adequate coverage for high-end cars. CO Insurance Specialist can help you find a policy that will insure your expensive car at an economical amount that won’t break the bank.

Why are Luxury Vehicles More Expensive to Insure?

The answer is an easy one. If your luxury car or sedan is in an accident, it will cost more to repair or replace it. Luxury vehicles are also more likely to be stolen than other cars, which adds up in price. When involved in an accident, luxury vehicles also cost more to fix. Plus, payoff costs are considerably higher if your vehicle is totaled or stolen and isn’t recovered. All these translate to higher premiums.

Who Will Insure My Luxury Vehicle?

Not all well-known auto insurance companies will cover your luxury vehicle because they are not equipped to do so. You may need to look at other companies with the resources to cover your losses if your expensive vehicle is involved in a mishap or is stolen. Not all insurance companies will cover expensive vehicles, especially if the purchase price is $150,000 or more. You may need to work with an insurer that specializes in high-end vehicles.

CO Insurance Specialist, servicing Wheat Ridge, CO, can help you find a reliable insurance policy covering luxury vehicles to fit your needs. Although you can expect to pay more than for a typical household vehicle, you can rest assured that our services will help you find comprehensive coverage that will give you peace of mind regarding your high-end vehicle for years to come.

If you own a classic car in Wheat Ridge, CO, you deserve to enjoy it. Driving a classic car is fun anyway, but with a classic car, you also get to enjoy the admiring looks as you go down the street. However, there may be good reasons not to drive a classic car daily.

Pros Of Driving Your Classic Car Every Day

The more time you spend in your classic car, the more fun you have. If your classic car is a common make like Ford or Chevrolet, it may be easy to find parts and repair your vehicle. Being out and about in your classic car also gives you more opportunities to meet like-minded people, as you can meet them anywhere.

Cons Of Driving Your Classic Car Every Day

Depending on your insurance, you may be required not to drive your classic car daily if you have opted to purchase classic car coverage. Older cars may break down more and have inferior gas mileage.

If you love your classic car, you may want to reconsider putting it through the wear and tear of daily use. Your older car will also spend more time exposed to the elements and will have more chances of being in a crash. 

Driving a classic car daily in Wheat Ridge, CO may be riskier than you want. You may not qualify for classic car insurance, meaning you would have to get a more expensive policy because of the risks of the older car. However, it is your choice, and we at CO Insurance Specialists want to make sure you are happy with what you do. Call today for any questions or to compare insurance types.

Basic auto insurance is the insurance mandated by the state to comply when driving in that state. At CO Insurance Specialist in Wheat Ridge, CO, we offer our customers personalized service and more choices. As independent insurance agents, we work for our customers, not for one insurance company. 

In Colorado, basic auto insurance is 25/50/15. This is liability coverage only, and it requires $25,000 for the first person injured in an accident, with a total of $50,000 for all injuries and $15,000 for damage to property. If you have a car loan or are leasing your vehicle, you will be required to have coverage on the vehicle itself since the lender or lessor has a vested interest in it. 

If your vehicle has very little value, or you would not want to repair it if damaged, then basic insurance can be right for you. But if you love your car, need your car, and have enough assets to make you an attractive candidate to get sued, then having more than basic auto insurance may be the right option. 

Increasing your liability is probably desirable for most people with assets. When repairing or replacing your vehicle, you need to carry collision and comprehensive coverage. 

• Collision will repair or replace your vehicle if you have an accident you are responsible for or if you are the victim of a hit-and-run. 
• Comprehensive covers theft and vandalism to your vehicle. It also covers damage from things falling on it, flooding, and other weather events. 

If you live in Wheat Ridge, CO, or nearby, you can count on our team at CO Insurance Specialist to provide a high level of service and the best possible price.