Classic Car Insurance in Oregon
We all love our cars. If you’re a antique or classic car collector, that love is probably even stronger. It’s important to protect your passion. That’s why Allen & Associates Insurance agency is proud to offer the most comprehensive plans to protect your classic car.
Auto insurance is mandated by the state of Oregon for every vehicle, but lower rates are available for collector cars that are used infrequently. So, even if your vehicles are more like trophies and unlikely to leave the garage, you’ll want to be protected and save money doing so. Thousands of dollars and countless hours of sweat equity are put into restoring and maintaining a vintage car and all that could be destroyed in the blink of an eye. Purchasing a policy for your vehicle or vehicles will put your mind at ease and allow you to focus on what’s important.
What is a classic car?
A classic car is a vehicle that is at least 20 years old and has made the transition from a mode of transportation to a collector’s item. They may or may not be refurbished but it’s typical that they are stored in a garage or other enclosed structure for most of the year and are not driven on a regular basis. There are settlement provisions associated with insuring a classic car. Most companies sell “Actual Cash Value” or “ACV” coverage, but that may not indemnify you in the event of a loss. We recommend an “Agreed Value” settlement provision so you’re assured to receive exactly what your car is worth should something happen to it. We are experts in valuing your classic, as well, so reach out to us to see if you have the coverage you need with your current company.
Who should purchase a policy?
Anyone who owns a vintage automobile and wants to protect their investment should purchase classic car insurance. Even if you’re not planning on driving the vehicle that often, insurance will protect against other unforeseen circumstances like theft, fire or severe weather damage.
Where can I find coverage?
Find coverage for your classic car by visiting our website or coming our convenient 19th Ave location. Bring your classic with you! We love “talking cars” and we’ll need to photograph the car for insurance purposes. Allen & Associates Insurance Inc is a trusted name in the community of Albany, Oregon and we are happy to help you with all of your insurance needs. To get a quote, you can log on to our website and use our handy rating tool to calculate your premium. If you’d like to speak to one of our representatives directly about your coverage needs, give us a call today.