10 Best Auto Insurance Companies That Offer Agreed Value in 2025

#1 – Hagerty: Top Overall Pick

Pros

• Specialized Expertise: Hagerty specializes in classic and collector car insurance, offering expertise and tailored coverage options specifically designed for vintage vehicles. Read more through our Hagerty auto insurance review.
• Agreed Value Coverage: The company provides agreed value coverage, ensuring that in the event of a covered total loss, policyholders receive the predetermined value of their vehicle, providing peace of mind and protection for their investment.
• Comprehensive Policy Options: Hagerty offers comprehensive policy options, including coverage for spare parts, automotive tools, and travel expenses related to breakdowns, catering to the unique needs of classic car owners.

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: The company may have strict eligibility requirements for classic car insurance, including age, condition, and usage restrictions, which could exclude some vehicles or owners from obtaining coverage.

#2 – American Modern: Best for Tailored Policies

Pros

• Tailored Policies: American Modern offers tailored policies for specialty vehicles, including classic cars, motorcycles, and boats, providing customized coverage options to meet the unique needs of collectors and enthusiasts.
• Flexible Coverage Limits: The company provides flexible coverage limits, allowing policyholders to adjust their coverage based on the value of their vehicles and specific insurance needs, ensuring adequate protection for their investments.
• Excellent Customer Service: American Modern is known for its excellent customer service, with responsive representatives who can assist policyholders with claims processing, policy adjustments, and other inquiries in a timely manner.

Cons

• Limited Availability: American Modern’s coverage may be limited to certain regions or states, potentially restricting access for individuals residing outside of their service areas. Read more through our American Modern auto insurance review.
• Potentially Higher Premiums: While American Modern offers specialized coverage for specialty vehicles, including classic cars, premiums may be higher compared to standard auto insurance policies due to the unique risks associated with these types of vehicles.

#3 – Safeco: Best for Customizable Plans

Pros

• Customizable Plans: Safeco offers customizable insurance plans, allowing policyholders to tailor their coverage options to suit their specific needs and budget requirements, providing flexibility and choice.
• Wide Range of Discounts: The company provides a wide range of discounts, including multi-policy discounts, safe driver discounts, and anti-theft device discounts, helping policyholders save on their premiums while maintaining comprehensive coverage. Read more through our Safeco auto insurance review.
• Strong Financial Stability: Safeco boasts strong financial stability and a solid reputation in the insurance industry, providing policyholders with confidence and assurance that their claims will be handled promptly and efficiently.

Cons

• Limited Specialty Coverage: Safeco’s specialty coverage options, such as classic car insurance, may be limited compared to other insurers that specialize specifically in vintage vehicles, potentially resulting in less comprehensive coverage for collectors and enthusiasts.
• Claim Processing Time: While Safeco strives to handle claims promptly, some policyholders may experience longer claim processing times during peak periods or in cases of complex claims, which could lead to delays in receiving compensation for damages or losses.

#4 – Farmers: Best for Personalized Service

Pros

• Personalized Service: Farmers offers personalized service, with dedicated agents who can help policyholders understand their coverage options, navigate the claims process, and make informed decisions about their insurance needs.
• Comprehensive Coverage Options: The company provides comprehensive coverage options, including specialized policies for classic cars, ensuring that policyholders have the protection they need for their valuable vehicles.
• Strong Financial Strength: Farmers boasts strong financial strength and stability, backed by its long-standing presence in the insurance industry, providing policyholders with confidence and peace of mind.

Cons

• Potentially Higher Premiums: Farmers’ premiums may be higher compared to other insurers, particularly for specialty coverage such as classic car insurance, due to the unique risks associated with these types of vehicles.
• Limited Availability: Farmers’ coverage may not be available in all areas, limiting options for individuals seeking specialized insurance for their classic cars outside of their service areas. Find out more through our Farmers auto insurance review.

#5 – State Farm: Best for Reliable Coverage

Pros

• Reliable Coverage: State Farm offers reliable coverage backed by its solid reputation and financial stability, providing policyholders with confidence that their claims will be handled promptly and efficiently. Find out more in our State Farm auto insurance review.
• Extensive Options: The company provides extensive coverage options, including specialized policies for classic cars, ensuring that policyholders can find the right coverage to suit their specific needs and budget requirements.
• Nationwide Network: State Farm has a nationwide network of agents and offices, making it convenient for policyholders to access personalized service and support wherever they are located.

Cons

• Potentially Higher Premiums: State Farm’s premiums may be higher compared to other insurers, particularly for specialty coverage such as classic car insurance, due to the unique risks associated with these types of vehicles.
• Limited Discounts: While State Farm offers some discounts, such as multi-policy discounts and safe driver discounts, the range of available discounts may be more limited compared to other insurers, potentially resulting in higher overall premiums for policyholders.

#6 – Nationwide: Best for Extensive Options

Pros

• Extensive Options: Nationwide, as mentioned in our Nationwide insurance review, offers extensive coverage options, including specialized policies for classic cars, ensuring that policyholders can find the right coverage to suit their specific needs and budget requirements.
• Strong Financial Stability: The company boasts strong financial stability and a solid reputation in the insurance industry, providing policyholders with confidence and assurance that their claims will be handled promptly and efficiently.
• Wide Range of Discounts: Nationwide provides a wide range of discounts, including multi-policy discounts, safe driver discounts, and anti-theft device discounts, helping policyholders save on their premiums while maintaining comprehensive coverage.

Cons

• Potentially Higher Premiums: Nationwide’s premiums may be higher compared to other insurers, particularly for specialty coverage such as classic car insurance, due to the unique risks associated with these types of vehicles.
• Claim Processing Time: While Nationwide strives to handle claims promptly, some policyholders may experience longer claim processing times during peak periods or in cases of complex claims, which could lead to delays in receiving compensation for damages or losses.

#7 – Travelers: Best for Technology Integration

Pros

• Technology Integration: Our Travelers auto insurance review reveals that Travelers is known for its integration of technology into its insurance offerings, providing policyholders with convenient online tools and resources for managing their policies, filing claims, and accessing support.
• Customizable Plans: The company offers customizable insurance plans, allowing policyholders to tailor their coverage options to suit their specific needs and budget requirements, providing flexibility and choice.
• Strong Financial Stability: Travelers boasts strong financial stability and a solid reputation in the insurance industry, providing policyholders with confidence and peace of mind that their claims will be handled promptly and efficiently.

Cons

• Potentially Higher Premiums: Travelers’ premiums may be higher compared to other insurers, particularly for specialty coverage such as classic car insurance, due to the unique risks associated with these types of vehicles.
• Limited Specialty Coverage: Travelers’ specialty coverage options, such as classic car insurance, may be limited compared to other insurers that specialize specifically in vintage vehicles, potentially resulting in less comprehensive coverage for collectors and enthusiasts.

#8 – Progressive: Best for Friendly Experience

Pros

• Friendly Experience: Progressive is known for providing a friendly and intuitive experience for policyholders, with easy-to-use online tools and resources for managing policies, obtaining quotes, and filing claims.
• Agreed Value Coverage: The company offers agreed value coverage for classic cars, ensuring that in the event of a covered total loss, policyholders receive the predetermined value of their vehicle, providing peace of mind and protection for their investment.
• Wide Range of Discounts: Progressive provides a wide range of discounts, including multi-policy discounts, safe driver discounts, and multi-vehicle discounts, helping policyholders save on their premiums while maintaining comprehensive coverage.

Cons

• Potentially Higher Premiums: Progressive’s premiums may be higher compared to other insurers, particularly for specialty coverage such as classic car insurance, due to the unique risks associated with these types of vehicles. Read more through our Progressive auto insurance review.
• Claim Handling: While Progressive aims to handle claims efficiently, some policyholders may experience delays or complications in the claims process, particularly in cases of complex claims or disputes, which could result in frustration or dissatisfaction.

#9 – Allstate: Best for Comprehensive Policies

Pros

• Comprehensive Policies: Allstate offers comprehensive policies with a wide range of coverage options, including specialized coverage for classic cars, ensuring that policyholders have the protection they need for their valuable vehicles.
• Strong Financial Stability: The company boasts strong financial stability and a solid reputation in the insurance industry, providing policyholders with confidence and peace of mind that their claims will be handled promptly and efficiently.
• Wide Network of Agents: Allstate has a wide network of agents and offices across the country, providing policyholders with personalized service and support wherever they are located. Use our Allstate auto insurance review as your guide.

Cons

• Potentially Higher Premiums: Allstate’s premiums may be higher compared to other insurers, particularly for specialty coverage such as classic car insurance, due to the unique risks associated with these types of vehicles.
• Limited Discounts: While Allstate offers some discounts, the range of available discounts may be more limited compared to other insurers, potentially resulting in higher overall premiums for policyholders.

#10 – Liberty Mutual: Best for Flexible Policies

Pros

• Flexible Policies: Liberty Mutual offers flexible policies, allowing policyholders to customize their coverage options to suit their specific needs and budget requirements, providing greater control and choice.
• Excellent Customer Service: The company is known for its excellent customer service, with responsive representatives who can assist policyholders with claims processing, policy adjustments, and other inquiries in a timely and efficient manner. For further insights, refer to our Liberty Mutual auto insurance review.
• Strong Financial Stability: Liberty Mutual boasts strong financial stability and a solid reputation in the insurance industry, providing policyholders with confidence and assurance that their claims will be handled promptly and fairly.

Cons

• Potentially Higher Premiums: Liberty Mutual’s premiums may be higher compared to other insurers, particularly for specialty coverage such as classic car insurance, due to the unique risks associated with these types of vehicles.
• Limited Specialty Coverage: Liberty Mutual’s specialty coverage options, such as classic car insurance, may be limited compared to other insurers that specialize specifically in vintage vehicles, potentially resulting in less comprehensive coverage for collectors and enthusiasts.

Auto Insurance Companies Offering Agreed Value Coverage

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Auto Insurance Companies That Offer Agreed Value: The Bottom Line