10 Best Auto Insurance Companies That Offer Agreed Value in 2026

Unlike minimum or full coverage, agreed value auto insurance insures your vehicle for a predetermined amount. Some insurers offer set coverage limits, while others let you negotiate the insured value.

The agreed value is typically based on your vehicle’s condition, appraisal, mileage, and supporting documentation. This helps provide coverage that better reflects the vehicle’s true worth.

Agreed Value Auto Insurance Monthly Rates by Coverage Level

Insurance Company	Minimum Coverage	Full Coverage
	$78	$175
	$69	$157
	$74	$172
	$62	$179
	$82	$186
	$64	$151
	$71	$166
	$72	$160
	$59	$133
	$70	$160

This coverage is popular for classic, collector, and specialty vehicles that may increase in value over time. It helps protect owners from losing money due to depreciation after a covered total loss.

Instead of paying the vehicle’s actual cash value, the insurer pays the agreed amount listed in the policy. Some plans may also include optional coverage for windshield or glass damage.

To qualify for agreed value classic car insurance, a vehicle typically must meet the insurer’s age requirements and be kept in good condition. Most companies also require secure storage, such as a locked garage.

Eligibility rules vary by insurer and may also depend on how often the vehicle is driven and the owner’s driving history. Always review the provider’s requirements before applying.

Drivers are generally expected to be at least 25 years old with a clean driving record and several years of driving experience. These requirements help insurers reduce the risk of claims.

Some companies also limit annual mileage and require the vehicle to be used only for hobby or occasional driving. Eligibility rules vary by insurer and policy.

Classic vs. Vintage Cars

Agreed value coverage is commonly available for classic, vintage, collector, and antique vehicles because their value may not be reflected in standard market pricing. It is also offered for restored vehicles and limited-production models with documented value.

Some insurers also provide agreed value coverage for sports cars, supercars, exotic vehicles, and other specialty automobiles. Eligibility depends on the vehicle’s condition, value, usage, and the insurer’s underwriting requirements.

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Easy Ways to Save on Agreed-Valued Policies

Comparing quotes from several insurers is one of the best ways to lower the cost of an agreed-value policy.

You may also qualify for discounts by bundling policies or maintaining a clean driving record.

Auto Insurance Discounts From the Top Providers for Agreed Value

Insurance Company	Available Discount
	New Car Discount, Early Signing Discount
	Multi-Vehicle Discount, Safety Features Discount
	Teen Driver Discount, Homeowner Discount
	Multi-Car Discount, Safe Driver Discount
	Multi-Car Discount, Exclusive Group Savings
	Anti-Theft Discount, Accident-Free Discount
	Multi-Policy Discount, Multi-Car Discount
	Anti-Theft Discount, Good Student Discount
	Drive Safe & Save Discount, Multi-Line Discount
	Safe Driver Discount, Continuous Insurance Discount

Keeping your vehicle in a secure garage, limiting annual mileage, and choosing a higher deductible can also reduce premiums.

Ask insurers about available discounts before purchasing coverage.

#1 – Hagerty: Best for Specialized Coverage

Pros

• Specialized Coverage: Hagerty auto insurance review focuses on classic and collector vehicles with policies designed to protect their unique value and needs.
• Agreed Value Protection: Pays your vehicle’s agreed value after a covered total loss, helping protect your investment.
• Collector Benefits: Coverage may include spare parts, automotive tools, and roadside assistance for eligible classic vehicles.

Cons

• Limited Availability: Hagerty’s coverage may not be available in all areas, limiting options for individuals seeking specialized classic car insurance outside of their service areas.
• Strict Eligibility Requirements: Coverage is limited by vehicle age, condition, storage, and usage, so not all cars or owners may qualify.

#2 – American Modern: Best for Tailored Policies

Pros

• Tailored Policies: American Modern customizable coverage for classic cars, motorcycles, boats, and other specialty vehicles to meet the needs of collectors and enthusiasts.
• Flexible Coverage Limits: Choose coverage limits based on your vehicle’s value and insurance needs for the right level of protection.
• Excellent Customer Service: American Modern is known for responsive customer service, helping policyholders with claims, policy changes, and questions quickly.

Cons

• Limited Availability: American Modern’s is only available in select states, so it may not be offered where you live. Learn more in our American Modern auto insurance review.
• Potentially Higher Premiums: American Modern’s specialized for classic and specialty vehicles may cost more than standard insurance because of the higher risks involved.

#3 – Liberty Mutual: Best for Flexible Policies

Pros

• Flexible Policies: Liberty Mutual offers flexible policies with customizable coverage to fit your needs and budget.
• Excellent Customer Service: Liberty Mutual auto insurance is known for responsive customer service and reliable claims support.
• Strong Financial Stability: Liberty Mutual offers strong financial stability and a trusted reputation for reliable claims service.

Cons

• Potentially Higher Premiums: Specialty vehicle coverage may cost more than standard auto insurance policies.
• Limited Specialty Coverage: Fewer classic car features than insurers focused on collector vehicles.

#4 – Nationwide: Best for Extensive Options

Pros

• Extensive Options: Nationwide offers a wide range of coverage choices for classic and specialty vehicles.
• Strong Financial Stability: Provides dependable claims support backed by a solid financial reputation.
• Multiple Discounts: Savings are available for bundling, safe driving, and qualifying vehicles.

Cons

• Higher Premiums: Classic car insurance may cost more than standard auto coverage.
• Claim Delays: Complex claims may take longer to process and resolve.

#5 – State Farm: Best for Reliable Coverage

Pros

• Reliable Coverage: State Farm auto insurance offers reliable auto insurance backed by strong financial stability and dependable claims service.
• Extensive Options: The company offers specialized classic car coverage with flexible policy options to fit different needs and budgets.
• Nationwide Network: State Farm’s nationwide agent network makes it easy to get personalized service and support.

Cons

• Potentially Higher Premiums: State Farm’s classic car insurance premiums may be higher than some competitors due to specialized coverage.
• Limited Discounts: State Farm offers savings like multi-policy and safe driver discounts, but fewer discount options than some competitors may lead to higher premiums.

#6 – Allstate: Best for Comprehensive Policies

Pros

• Comprehensive Policies: Provides broad protection for classic and specialty vehicles with flexible coverage.
• Strong Financial Stability: The company has strong financial stability and a trusted reputation, giving policyholders confidence that claims will be handled efficiently.
• Wide Network of Agents: Allstate has a nationwide network of agents, providing personalized service and support across the country.

Cons

• Potentially Higher Premiums: Allstate may charge higher premiums for classic car insurance due to its specialized coverage.
• Limited Discounts: : Compared to other insurers, Allstate offers fewer discounts and may have higher premiums.

#7 – Travelers: Best for Technology Integration

Pros

• Technology Integration: Our Travelers auto insurance review shows that Travelers offers convenient online tools to manage policies, file claims, and access customer support.
• Customizable Plans: Offers customizable flexible coverage options to fit different needs and budgets.
• Strong Financial Stability: Travelers has strong financial stability and a trusted reputation, giving policyholders confidence that claims will be handled efficiently.

Cons

• Potentially Higher Premiums: Travelers’ premiums may be higher for specialty coverage, including classic car insurance.
• Limited Specialty Coverage: Travelers’ classic car coverage may be less comprehensive than insurers specializing in vintage and collectible vehicles.

#8 – Farmers: Best for Personalized Service

Pros

• Personalized Service: Farmers provides dedicated agents who help customers understand coverage, manage claims, and choose the right insurance options.
• Comprehensive Coverage Options: Offers specialized coverage for classic cars that policyholders have the protection they need for their valuable vehicles.
• Strong Financial Strength: Farmers has strong financial stability backed by its long history in the insurance industry, giving policyholders added confidence.

Cons

• Potentially Higher Premiums: Farmers’ premiums may be higher than some competitors, especially for classic car insurance, due to the added risks of specialty vehicles.
• Limited Availability: Farmers’ agreed value coverage isn’t available in every state, limit options for some classic car owners. Learn more in our Farmers auto insurance review.

#9 – Progressive: Best for Friendly Experience

Pros

• Friendly Experience: Progressive auto insurance offers an easy-to-use online experience for managing policies, getting quotes, and filing claims.
• Agreed Value Coverage: The company offers agreed value coverage for classic cars, paying the vehicle’s predetermined value after a covered total loss.
• Wide Range of Discounts: Offers discounts for bundling, safe driving, and multiple vehicles to help lower premiums while maintaining comprehensive coverage.

Cons

• Potentially Higher Premiums: Progressive auto insurance premiums may be higher than some competitors, especially for specialty coverage like classic car insurance.
• Claim Handling: Some policyholders may experience claim delays or complications, especially with complex claims or disputes.

#10 – Safeco: Best for Customizable Plans

Pros

• Customizable Plans: Safeco lets policyholders customize coverage to match their needs and budget, offering flexible insurance options.
• Wide Range of Discounts: Safeco offers several discounts, including multi-policy, safe driver, and anti-theft savings. Read more through our Safeco auto insurance review.
• Strong Financial Stability: Safeco has strong financial stability and a solid reputation, giving policyholders confidence that claims will be handled efficiently.

Cons

• Limited Specialty Coverage: Safeco offers classic car insurance, but its specialty coverage may be more limited than insurers focused on collector and vintage vehicles.
• Claim Processing Time: Safeco aims to process claims quickly, but complex claims or high claim volumes may cause delays in receiving payment.