Protect Your Classic Car with an Agreed Value Policy

As the weather warms up in Arvada, CO, it’s time for drivers of antique cars to review their auto insurance policies for those vehicles. Collectible cars require a special type of insurance because they don’t depreciate as quickly as most automobiles. In fact, a well-maintained antique car may even increase in value. If you drive a collectible car, an agreed value classic car insurance policy lets you insure your vehicle for its full value.

Agreed Value Auto Insurance Policies
Unlike standard auto insurance policies, which cover the depreciated value of an automobile, classic car insurance policies are usually agreed value policies. They insure the vehicle for an amount that has been agreed upon by both the insurer and the driver. The policy’s premiums correspond to the agreed upon value of the car; a policy with a higher agreed value will have higher premiums than one with a lower agreed value.

With an agreed value policy, you’re able to determine how much your car should be insured for. In addition to considering its year, make, model, and condition you can also take into account any modifications you have made to it. You can find an agreed value policy for whatever amount you believe the car is worth, as long as you’re willing to pay the policy’s premiums.

Finding Great Rates on Classic Car Insurance
Because classic car insurance is more nuanced than most auto insurance policies, you’ll want to call an independent agency, like us at Alliance Insurance Services, for help. One of our independent agents will be able to go over various classic car insurance policies with you and show you how the agreed-upon value affects the policies premiums. They’ll also present you with several policies from different companies offering insurance in Arvada, CO, and help you pick the one with the best rates. As you get ready for the summer driving season, call us to find great rates on agreed-value auto insurance.

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We Bet You Didn’t Know This!

If you live, work, or own a business in Arvada, Colorado, you probably appreciate the tree-lined streets and access to the interstates. Even though our population exceeds 100,000, we are still able to maintain a bit of a small town feel. You know Arvada has easy access to Denver and all the Mile High City has to offer, but did you know these fun facts?

  • The inventor of the turn signal for cars, T. H. Krause was from Arvada.
  • Arvada was once known as “The Celery Capital of the World.”
  • Ralston Creek was named for Lewis Ralston, who was the first to discover gold in Colorado.
  • In 1938 the first train to go through Moffat Tunnel was engineered by Louis Larsen, an Arvadan.
  • Arvada’s first motorized fire engine, purchased in 1923, is still used today in parades and for civic events.

If you own a business in Arvada, it is also important you know the difference between Basic Form and Special Form insurance. Basic Form property insurance will specifically state what perils are covered under the policy. Special Form insurance covers all perils to the property unless otherwise stated. Because Special Form coverage is more encompassing, business people seem to prefer it.

Alliance Insurance Services is pleased to provide both commercial and personal insurance products for those in and around the 80002 zip code. As an independent agency, we have the freedom to represent the products of multiple companies. That means more options and oftentimes better savings. See for yourself. Visit our website for a no obligation comparative quote on your auto or homeowners insurance. If you are interested in learning more about our very competitive commercial insurance options, contact us. We are Alliance Insurance Services and we are proud to serve the people of Aravada.