Providence First Insurance Services

12987 Central Ave
Chino, CA 91710

Get Directions
Providence First Insurance Services Blog

Agreed Value vs. Standard Coverage: What Chino Drivers Need to Know About Classic Car Insurance

Classic cars are valuable, and protecting them requires the right insurance. For Chino drivers, understanding the difference between agreed value and standard coverage is key to keeping your investment safe.

What Makes Agreed Value Coverage Different?

Agreed value coverage is designed for classic cars. When you set up your policy, you and your insurance provider agree on the car’s value. If your car is damaged or totaled, you receive the full agreed-upon amount. This type of coverage ensures your car’s true worth is protected, which is especially important for vintage vehicles that appreciate over time.

Why Standard Coverage Falls Short

Standard auto insurance calculates payouts based on the car’s depreciated value. This works for everyday vehicles but not for classic cars, which often increase in value. Standard coverage can leave you underinsured, making agreed value policies the better choice for Chino’s classic car owners. Providence First Insurance Services offers policies tailored to meet these needs.

Protect Your Classic Car Today

Classic cars deserve insurance that matches their value. Agreed value coverage gives you confidence that your car is fully protected. Contact Providence First Insurance Services to learn more about classic car insurance options for Chino residents. Visit Providence First Insurance Services today to get started!

How Classic Car Insurance Values Your Vintage Vehicle

Classic cars are more than just vehicles; they’re treasured pieces of automotive history. But how do you determine the value of such a unique asset for insurance purposes? At Providence First Insurance Services, we’re here to guide you through the process.

Understanding Classic Car Valuation

Classic car insurance differs from standard auto insurance in how it values the vehicle. Instead of considering the current market value, classic car insurance typically uses an agreed value or guaranteed value policy. This means the insurer and the owner agree on the car’s value when the policy is written.

Factors Influencing Classic Car Value

Several factors can influence the value of a classic car, including its age, rarity, condition, and the authenticity of its parts. Any modifications or restorations can also affect the car’s value.

How Providence First Insurance Services Can Help

At Providence First Insurance Services in Chino, CA, we understand the unique value of classic cars. We can guide you in understanding how classic car insurance values your vehicle and help you find the right coverage for your vintage treasure.

Secure Your Classic Car Today

Don’t leave your classic car underinsured. Contact Providence First Insurance Services today to ensure your classic car insurance accurately reflects the value of your vehicle in Chino, CA.