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Beaverton, OR 97003

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Why Do I Need Classic Car Insurance In Beaverton, OR?

It takes more than age to make your car a classic. A collector’s car isn’t just a vehicle to move around but also an investment that will continue appreciating. As a result, you need to protect your prized possession with insurance. Not sure where to start? Since classic cars aren’t used the same, W.B. Adams Company, serving Beaverton, OR, and the nearby areas, will help you select the right auto insurance for your classic car. 

Do I need classic car insurance in Oregon?

Even though you are not driving your classic, it’s wise to purchase insurance for your collector’s car. While it’s off the hook with auto-related accidents, other perils like fire, theft, and vandalism aren’t far off from ruining your classic. And why would you not insure your classic? Its insurance is cheaper than typical auto insurance. Since you don’t drive your classic daily, its premium is likely to be cheaper.  

What does classic car insurance cover?

Just like your standard auto insurance, classic car insurance carries typical coverages like property damage coverage, comprehensive coverage, and bodily injury liability. But unlike your typical car that is insured against the actual cash value (factoring in the depreciation factor), classic car insurance covers the agreed value. Simply put, this is the amount agreed between the owner and the insurance.

Other classic car-specific coverages to consider include:

  • Roadside assistance: This coverage saves the day when your vehicle needs towing, jump-starting, gas delivery, or puncture repair.
  • Increased replacement cost: You see, unlike your modern car, classic cars rise in value. As such, this coverage protects your vehicle when your vehicle appreciates exceeding the agreed value.
  • No attendance required: Covers your vehicle when you aren’t in attendance, and it’s being displayed in a show or exhibition.

For many petrolheads, the idea of owning a classic is a dream come true. But amid the excitement, don’t shove aside the notion of classic car insurance. Are you looking for classic car insurance in Beaverton, OR? Don’t look beyond W.B. Adams Company. Since collector’s cars aren’t the same, we will help you pick the right combination of coverages unique to your needs. Contact us today. 


How does classic car insurance work?

Your car may be more than 25 years old, but there is sentimental value to it that prevents you from selling it to the highest bidder. One of the best ways to secure your investment is to purchase classic auto insurance in Beaverton, OR from W.B. Adams Company. 

Car values work differently with classic autos.

Unlike the average vehicle that loses value when you drive it off the lot, classic cars increase in value over time. One of the main reasons a classic auto appreciates with time is because of the vehicle owner’s dedication to preserving the originality of the car. The authenticity of a classic car, then, becomes its greatest asset. 

Standard auto insurance is not good enough.

A standard auto insurance policy follows the concept of automobiles depreciating with time. Thus, a classic car with all of its original components would not be valued as much because it is more than 25 years old. Standard auto insurance policies do not factor in authenticity. It will also not cover original replacement parts for the car.

How does classic auto insurance work?

Classic auto insurance works so that the actual value of your vehicle is included in the policy. The provider typically works with you to determine how much your car is worth, so, in the unfortunate instance of destruction, you are given significantly more than what a standard auto insurance policy would pay. 

Classic auto insurance depends on several factors, which include:

  • The age of the vehicle
  • How often you plan to drive the car
  • How much you have invested in the vehicle

It is important to note that most classic auto insurance plans have driving restrictions that prevent you from making your classic car a daily commuter option. It is best to pursue this type of policy if you have a second vehicle to drive.

The agents at W.B. Adams Company can help you find a classic auto insurance plan that best suits your lifestyle. Call today to get started with a quote for coverage!