Why You Need the Best Agreed Value Car Insurance Medford Oregon

Owning a classic or custom car doesn’t mean that you have to pay a ridiculous amount of money in car insurance. In fact, you’re very likely to pay less if you get best agreed value car insurance Medford Oregon. This is because agreed value car insurance costs significantly less than daily driver insurance from the big name car insurance companies that insure this type of vehicle.

Your custom or restored collector car is actually increasing in value, unlike your daily driver. You need car insurance that is going to protect the significant investment you have made, but, surprisingly, this type of insurance – agreed value – is cheaper than what you think you might have to pay for it.

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Regular daily driver insurance won’t cover your investments in restoration or customization that are over $1,000. On the other hand, agreed value car insurance pays you the amount of money the policy states when the vehicle needs to be replaced because of damage. Your traditional car insurance has the option of paying less than what you think the car is worth, or less than what the car is insured for. This is most likely to happen if the fair market value is less than what you believe the value of the vehicle to be.

Purchasing an insurance policy from a company that specializes in collectible vehicles is one of the best moves you can make to protect your investment. An agreed value insurance policy from this type of company can help you get the money your car is worth should it sustain damage, say, in an accident, or be stolen.

So why is agreed value insurance so much less expensive than daily driver insurance? The answer is that collective cars are not driven as often as daily drivers and are stored in secure and safe facilities, protecting them from being stolen or damaged. That is a boon for you, who have already put so much into the car.

Search around for the best agreed value car insurance Medford Oregon to get the best coverage at the best price. In the end, you’ll be glad that you did not go with a daily driver policy as you will likely end up on the short end of the stick if the car is damaged or stolen.