CO Insurance
Specialist Blog

Are you the proud owner of a vintage vehicle in Wheat Ridge, CO? Classic and collector car insurance policies are designed for cars considered rare, significant, and often only used for limited purposes. CO Insurance Specialist discusses the key criteria for determining whether a vehicle qualifies for classic car insurance.

Age and Condition

Age and condition are among the most important criteria for determining whether a car qualifies for classic car insurance. Generally, a classic car should be at least 25 years old and in good condition. There is no definition of "good condition," but it usually refers to a well-maintained vehicle, free from significant damage and with all its original parts.

Rarity and Historical Significance

Another essential factor to consider is the rarity and historical significance of the vehicle. Cars produced in limited numbers or with a unique history are often considered more valuable and thus may qualify for classic car insurance. For example, a Model T Ford from the early 1900s is considered rare and historically significant and therefore is more likely to be viewed as a classic than a 1985 Chevy Camaro.

Limited Usage

One of the defining features of a classic car policy is limited usage. These policies are designed for cars used only for limited purposes, such as car shows, exhibitions, or parades. Because these cars are typically driven less frequently, they often have lower premiums than standard policies.

To qualify for classic car insurance in Wheat Ridge, CO, your vehicle must meet specific criteria, including age, condition, rarity, historical significance, and limited usage. If you’re unsure whether your car qualifies, contact CO Insurance Specialist.

In Colorado, it’s required by law to have auto insurance for all vehicles that you own. You need this insurance from the first day you own the vehicle and keep proof of insurance inside it. When you need auto insurance for a vehicle you’re buying or want to switch insurance companies, call us at CO Insurance Specialist in Wheat Ridge, CO. 

Bodily Injury Liability

To stay legal in Colorado, you must have a lot of bodily injury liability coverage. There is one amount that is required to be in place for one person who is injured. Then, there is another amount that is required for all of the people who are injured in the accident. Both of these amounts are relatively low, so it’s often recommended to raise the amount you get higher than what is required.

Property Damage Liability

One amount for this coverage is required to be in your insurance policy. This coverage pays for someone else’s property damage after an accident. This may be to another vehicle, building, or pole, among other things. This amount is also relatively small in Colorado, and getting more than the minimum required by law is often recommended. 

Uninsured/Underinsured Motorist

This coverage is required to be in your policy when you first build your policy. However, it can be refused through writing. It’s often a good idea to keep this insurance in case a motorist strikes you without enough insurance or none at all. This insurance comes with an amount for one person who is injured and another amount for everyone in the accident who is injured. You can get as much of this coverage as you have in your bodily injury liability. 

Get Auto Insurance 

Call us today at CO Insurance Specialist in Wheat Ridge, CO if you need auto insurance.

When you are the proud owner of a classic car, you must ensure it’s adequately insured. Classic car owners in Wheat Ridge, CO can come to us at CO Insurance Specialist for classic car insurance. 

It’s essential to understand your priorities when you buy classic car insurance. The following are three priorities you should be aware of when you choose a policy. 

Covering the full value of your classic car

It is crucial to assess the value of your classic car and ensure that your policy covers you for its full value. You should also invest in a replacement value policy rather than an actual cash value policy. 

In the event of a total loss, a replacement value policy compensates the policyholders with funds to replace the vehicle completely. This is different from an actual cash value policy, which only compensates the policyholder for the vehicle’s market value at the time of the accident. 

Meeting vehicle insurance requirements in Colorado

Colorado has auto insurance requirements that vehicle owners must meet. The policy requirements for a classic car owner are the same as the policy requirements for the owner of a standard automobile.

To drive your classic car legally on public roads in Colorado, you need to have a policy that has at least $25,000 in bodily injury coverage per individual in an accident. Your policy also needs to have $15,000 in property damage coverage. 

Understanding the details of your classic car insurance policy

You should never purchase an insurance policy that you don’t fully understand. Read over your policy and ask your insurance provider any questions to ensure you understand the coverage you’re getting. 

We will help you focus on these priorities and buy the right policy when you choose classic car insurance in Wheat Ridge, CO. Get in touch with us today at CO Insurance Specialist, and we’ll give you a quote on a policy. 

Having great auto insurance is just one way to stay safe out on the road. It is always best, though, to prevent accidents first. One way you can do this is by always maintaining your car. At CO Insurance Specialist, serving Wheat Ridge, CO, and the surrounding areas, we make it our job to help clients always stay safe on the road. Keep reading to learn more bout maintenance tips for your engine. 

Why Does Engine Maintenance Matter So Much?

An engine in poor working order can risk you and your passengers. When engine maintenance goes ignored, you run the chance of engine malfunctions while driving. If this happens, it could result in fires, loss of vehicle control, or other dangers. 

Maintenance Tips for Your Engine 

Always keep your oil changed at regular intervals. Regular oil changes are the best way to keep your vehicle’s engine in top working order. The engine cannot function properly if it does not have the right amount and type of oil. If oil is left for too long, it becomes dirty and cannot function properly within the engine. 

You should also always have repairs done as soon as possible. Allowing engine repairs to go unfixed can weaken your engine and ultimately cause bigger future repairs. 

Keeping your cooling system in proper working order is another maintenance job that you should not ignore. When the cooling system isn’t working correctly, it can cause your car to overheat and put you at risk. 

If you want to learn about our auto insurance services, please contact us at CO Insurance Specialist serving Wheat Ridge, CO, and the surrounding areas. 

At CO Insurance Specialist in Wheat Ridge, CO, we see how much our clients invest in their exotic cars. Although these cars might be new on the market, they can be as valuable as a restored antique model. Unlike a domestic vehicle, your exotic car has special considerations that a classic car insurance policy can include in its coverage. 

What is Classic Car Insurance?

Classic Car Insurance is essentially automobile insurance with some features that are tailored to meet the needs of certain valuable automobile owners. Since parts can be more expensive or challenging to replace for a classic, antique, or exotic automobile, these policies tend to have higher amounts of coverage than regular automobile insurance. Additionally, classic car insurance can cover liability, medical expenses in accidents where the policyholder is at fault, and replacement or a portion of the replacement costs if the car is stolen.

What does Classic Car Insurance cover?

For classic, antique, and exotic vehicles, classic car insurance policies sometimes cover liability, medical expenses, replacement parts, replacing a stolen car under the policy, and more. Some policies have other add-ons, such as towing coverage, which is especially helpful for exotic vehicles you intend to drive.

Should I get Classic Car Insurance for a new exotic vehicle?

If you have a new exotic vehicle, classic car insurance could be a worthwhile purchase because of the high-value nature of the car. New exotic vehicles share many of the features that make antique automobiles require classic car insurance, so most classic car insurance policies include exotic vehicles in their coverage.

Call our office today to see if classic car coverage at CO Insurance Specialist in Wheat Ridge, CO is suitable for your exotic vehicle!

 

Do you often drive through Wheat Ridge, CO?

The professionals at CO Insurance Specialist can provide the auto coverage you need to drive with security and teach you why it is required by law.

Why do you need auto insurance in Colorado?

Auto insurance is mandatory in 48 out of 50 states and offers financial protection. If you cause an accident, you could be held responsible for all associated costs. This includes legal fees, the injured party’s medical costs, or their lost wages if they are unable to work. Liability coverage will help pay for these expenses.

When you purchase a car with a loan, the lender will require the purchaser to have insurance. Car loan lenders require collision coverage which pays for repairs to the vehicle if the policyholder is responsible for a crash.

Comprehensive coverage is also mandated to cover repairs or replace a vehicle if it is stolen or damaged by something other than a collision.

Gap insurance could also be required. This coverage pays the difference between what is owed on the vehicle loan and the amount their insurer would reimburse them if their car were totaled. This is important because most insurers will pay below what is owed on the loan.

Another good reason to have auto insurance is it protects the driver’s assets. Without this coverage, a driver could be financially responsible for any costs associated with the accident. This could mean paying all legal fees and damages. These expenses would have to be paid out of pocket without insurance coverage. If your home is mortgage-free, if you have a lofty savings or retirement account, or other assets, they could be at serious risk.

CO Insurance Specialist in Wheat Ridge, CO can answer any questions or provide a no-obligation quote. Contact our office today.