Classic car insurance gives specialized coverages for the specialized vehicles that some Albany, OR gearheads have. This insurance isn’t necessarily just for classic models. Here’s what classic car policies can usually cover.
Older and Classic Cars
Classic car insurance is specifically designed for older cars, often vehicles that are over 25 years old. Vehicles generally must be maintained, restored, or in the process of being restored. An old car at a junkyard doesn’t need classic car insurance (or maybe any insurance).
Exotic cars, which include rare and high-end luxury models, often qualify for classic car insurance. These vehicles are typically distinguished by their superior performance, innovative technology, and often a hefty price tag. Classic car policies can be adapted for the increased power and value of these vehicles.
Custom cars also fall under the purview of classic car insurance. The same coverages that provide protection when restoring a classic model can protect the aftermarket features of a custom-built vehicle.
Insuring a custom car requires more expert review of a classic car policy’s terms, but we at Allen & Associates Insurance Inc. can help with that.
Why Choose Classic Car Insurance?
Classic car insurance differs from standard auto insurance in several ways. It often includes agreed value coverage, which means the car is insured for its full appraised value without depreciation. There are also potential benefits like lower premiums due to the limited use of these vehicles and specialized roadside assistance.
If these advantages sound like the right coverage for your classic, exotic, or custom car, contact us at Allen & Associates Insurance Inc. We’ll help you find a classic car insurance policy that matches your vehicle’s coverage needs. We’ve worked with many drivers in Albany, OR, and are ready to assist you.
As classic car owners here in the Albany, OR area, we understand that our vehicles are both works of art and investments. With the right maintenance and attention, classic cars can provide years of enjoyment and value.
Here are some tips from us at Allen & Associates Insurance Inc. to help protect your classic car:
1. Clean Regularly:
Keeping your car’s exterior clean is a must for protecting the paint job from dirt and grime. Washing your car regularly will also help to keep rust at bay.
2. Wax Regularly:
Waxing your classic car will not only help with its appearance, but it can also protect the metal body from corrosion caused by salt, moisture, and air pollutants. Additionally, waxing helps to fill in small scratches or chips in the paint that would otherwise cause rust spots over time if left untreated.
3. Use High-Quality Oils and Fluids:
Classic cars require specific types of oil and fluids to run properly and remain in good condition. Be sure to use high-quality oils that meet the manufacturer’s recommendations and change them regularly as needed. Additionally, be sure to check brake fluid levels often as well as any other fluids that may need topping off in order to ensure proper functioning of all systems within the vehicle.
4. Store Safely:
When not in use, store your classic car in a garage or other covered area with a tarp or cover specifically designed for cars—this will help keep dust particles away from sensitive parts like chrome trim or paintwork. Also, be sure to clean out the interior before storage so no moisture is trapped inside the vehicle which can lead to mold growth over time.
Reach Out To Us
For more tips, give us at Allen & Associates Insurance Inc. a call today. We proudly serve the Albany, OR area.
Being a classic car owner in the Albany, OR area is a dream for a lot of people. When you are a classic car owner, it will be a great investment and fun asset to own. Those that are going to purchase one of these vehicles here should get the right insurance.
There are various reasons to get classic car insurance versus standard auto coverage:
Protect the Full Value of your Car
An advantage of classic car insurance is that you can protect the full value of your car. A classic car is a prized asset and investment that differs from other cars because it can appreciate in value. If you have standard auto coverage, you may not get full protection for the collectible value of the car. If you get classic car insurance, you can work with the insurer to fully protect your asset.
Obtain Customized Liability Coverage
Classic car owners will very rarely drive their vehicles. However, whenever they are on the road, they need to have liability insurance. With a classic car insurance plan, you can benefit as the liability risk insurance will take your annual mileage into consideration. This can be a benefit as your actual liability risk will be lower than standard vehicles due to the reduced mileage driven.
Contact Us Today
The Albany, OR area has been a great place to own a classic car. The nice weather and scenery can make taking a short cruise anywhere quite enjoyable. As you are looking to protect your car with insurance, it would be wise to call Allen & Associates Insurance Inc. The team with Allen & Associates Insurance Inc. understands the unique factors that come with owning classic vehicles and we can help you build an appropriate classic car insurance plan.
People who collect classic cars often need insurance to protect their investment. But how do you know if you have a classic car? That all depends on many factors. We at Allen & Associates Insurance Inc. can help Albany, OR residents better understand these policies.
What Qualifies as a Classic Car?
Classic cars are typically rated in a variety of different ways. For example, collector organizations typically classify them based on various important special qualities and their age. That said, we’re going to focus only on what insurance companies consider a classic car.
Typically, these cars are classed as being 25-30 years old or so. They must have several distinctive factors that make them worth collecting, such as a high price, a unique design, high-quality design factors, or a limited quality. Many collectors insure their classic vehicles to avoid serious problems with your vehicles’ protection.
How Insurance Protects You
Classic car insurance is a specialized form of policy designed specifically for collector vehicles. They cover your standard range of factors but also help pay out a higher amount if your car is damaged or wrecked. They also cost more than standard policies, which is not unusual: higher-costs indicate a higher policy need.
Many companies allow people to bundle together multiple policies, depending on which they possess. For example, it’s not uncommon to get multiple coverage options for each of your vehicles, bundling them all under one window and providing yourself with better financial coverage for your high-value investment.
Find a Strong Policy Option
Do you need a high-quality classic car insurance policy to protect your investment? Don’t hesitate to contact us at Allen & Associates Insurance Inc. right away to learn more. We can help Albany, OR residents get the coverage that they need.
If you have a classic car or are interested in a classic car insurance policy and live in Albany, OR, there is definitely value in seeing what Allen & Associates Insurance Inc. has to offer.
Many people would see a classic car as just any older car. However, for many people, it is much more than this. A classic car is more than just a way to get from point A to point B. It is also an investment into an antique, which is expected to have value in the present and future. There are several things that you should look for when it comes to classic car insurance, as classic car insurance can vary quite a bit in terms of what it offers.
- Agreed value. Basically, this means that the insurance provider will pay you the full amount to which you agreed in the event of a total loss that is covered, minus any deductible that is applicable. In some cases, you only get the stated value or actual cash value, which could be much less.
- Low rates. This is important because in many cases, it does not make sense to pay a full-time insurance rate for a car that you are only driving part-time.
- Coverage options. There are different types of classic cars, so you should figure out the appropriate amount of coverage that meets your needs.
- Generous mileage. Most of the time, collector cards should be driven a maximum of 5,000 miles per year in order to maintain their value. However, you should be able to drive your classic car when you want to do so.
- Roadside assistance. When you are driving your classic car, you want to make sure you have coverage that will flatbed it to the closest qualified repair facility if this is necessary.
Allen & Associates Insurance, Inc. is home to many professionals who will be able to answer your questions about classic car insurance in Albany, OR. If this is something that appeals to you, you should feel free to contact them at your earliest convenience.