10 Best Auto Insurance Companies That Offer Agreed Value in 2026

Hagerty offers agreed valuation car insurance starting at about $744 per year. It specializes in protecting classic and collectible vehicles based on their agreed value.

While most cars depreciate, collector vehicles like exotic or classic cars can gain value. Our top 10 picks offer strong financial protection, flexible policy features, and competitive rates.

Understanding car insurance is key. Not all insurers offer agreed value policies, which require specific qualifications and appraisals.

Top 10 Companies: Best Auto Insurance That Offer Agreed Value

Our review covers providers that specialize in agreed value auto insurance, protecting classic, collector, and specialty vehicles.

Compare agreed value car insurance companies to find the right coverage for your vehicle. Enter your ZIP code to get free quotes from insurers in your area.

Auto Insurance Companies With Agreed Value Coverage

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

The best agreed value car insurance 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

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.

With stated value auto insurance, the insurer pays up to the value listed in the policy, depending on the terms. Some plans may also include optional windshield or glass coverage.

Major insurers offer agreed value and stated value car insurance through specialty brands or partners, including Hagerty under Progressive and American Collectors under USAA. State Farm also offers collector car insurance.

Coverage and eligibility for stated value insurance vary by insurer and location. Compare quotes to find the right policy for your vehicle and budget, then enter your ZIP code to get started.

Factors That Influence Agreed Value Insurance Rates

The cost of agreed value auto insurance depends on several factors, including your age, driving record, credit score, and where you live.

Insurers use this information to estimate risk and determine the premiums for your agreed value policy.

The vehicle’s agreed value, condition, storage, and how often it’s driven can also affect the cost of coverage.

Comparing quotes from multiple insurers can help you find the right policy at a competitive price. Learn More: Can I view my auto insurance policy online?

How Age Affects Agreed Value Insurance Costs

Auto insurance rates by age vary because insurers use age to estimate claim risk. Younger and older drivers often pay higher premiums, while experienced drivers may qualify for lower rates.

Age is only one factor used to determine premiums. Your driving history, vehicle type, and coverage limits also affect the cost of agreed value insurance.

Why Your Driving History Matters

Your driving history is a major factor in the cost of agreed value auto insurance. Drivers with clean records typically pay lower premiums, while accidents, speeding tickets, and DUIs can increase rates.

Insurers review your driving record to assess risk and determine pricing. Maintaining a safe driving history may also help you qualify for additional discounts. Learn: How auto insurance companies check driving records

Understanding Credit and Agreed Value Premiums

In most states, credit scores affect auto insurance rates because insurers use credit-based insurance scores to help calculate premiums. Drivers with higher scores often pay less, while lower scores may result in higher rates.

Not all states allow credit to be used for pricing. Your driving history, location, and vehicle also play a role in the cost of agreed value insurance.

How Agreed Value Rates and Coverage Vary by State

Auto insurance rates and coverage options vary by state because each has different insurance laws, minimum coverage requirements, and claim trends. Where you live can affect both your premium and the availability of agreed value coverage.

Age, driving history, credit score, state, and your vehicle’s value all play a role in the cost of agreed value auto insurance. Comparing quotes and coverage options from multiple insurers can help you find the best protection at a competitive price.

Read More: Auto Insurance Rates by State

Compare Agreed-Value Policy Costs for Collector Cars

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.

Vehicles That Qualify for Agreed Value Coverage

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.

Common Auto Coverages Included With Agreed Value

Agreed value policies can include liability, collision, comprehensive, and uninsured/underinsured motorist coverage. Many insurers also offer optional features such as roadside assistance, towing, and spare parts coverage.

The exact coverage options depend on the insurer and the policy you choose. Comparing plans can help you find the right level of protection for your vehicle’s agreed value and how you use it.

Comprehensive auto insurance helps cover non-collision losses such as theft, fire, weather damage, and vandalism. Agreed value coverage pays the insured amount if your vehicle is declared a covered total loss.

Many insurers also offer discounts for bundling policies, maintaining a clean driving record, or storing the vehicle securely. Choosing a higher deductible may further reduce your premium, but it increases your out-of-pocket costs if you file a claim.

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.

Choosing the right combination of coverages and optional protections can help safeguard your vehicle’s agreed value. Review your policy regularly to ensure it continues to match your vehicle’s value, condition, and intended use.

Easy Ways to Save on Agreed-Valued Policies

Comparing agreed value car insurance quotes from several insurers is one of the best ways to lower your premium. Shopping around can help you find the right coverage at a competitive price.

You may also qualify for discounts by bundling policies or maintaining a clean driving record. Some insurers also offer savings for secure storage or limited annual mileage.

• Compare Quotes: Get quotes from multiple insurers to find the best combination of coverage and price.
• Choose a Higher Deductible: Higher deductibles can lower your monthly premium if you can afford a larger out-of-pocket expense.
• Limit Annual Mileage: If you only drive your classic or collector vehicle occasionally, lower usage may qualify for lower rates.
• Maintain a Clean Driving Record: Safe drivers qualify for better pricing and additional policy discounts.
• Park Vehicle in Secure Storage: Keeping your car in a locked garage can lower theft risk and result in discounts and other rewards.

Choosing a higher deductible can reduce your monthly premium if you’re comfortable paying more out of pocket after a covered claim. Be sure the deductible fits your budget.

Review your policy at each renewal to make sure your vehicle’s agreed value is still accurate. Comparing rates regularly can help you keep costs down while maintaining the right level of coverage.

Auto Insurance Discounts for Agreed-Value Policies by Provider

Comparing discounts is just as important as comparing premiums. Some insurers offer savings for secure vehicle storage, limited annual mileage, or membership in classic car organizations.

Discount availability varies by company and state, so always ask which savings apply before purchasing a policy. Combining multiple discounts may help reduce the overall cost of agreed value auto insurance.

Top Companies Offering Agreed Value Coverage

Several insurers offer agreed value coverage for classic, collector, and specialty vehicles. However, policy features, eligibility requirements, and pricing can vary.

Comparing providers helps you find the right balance. Review each insurer’s strengths, policy options, and discounts to choose the coverage that best protects your investment.

The best company depends on your vehicle, driving habits and coverage needs.

#1 – Hagerty: Top Pick Overall

Pros

• 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.
• Specialized Coverage: Our Hagerty auto insurance review shows how classic and collector policies are designed to protect the cars’ unique value and needs.

Cons

• Limited Availability: Hagerty’s coverage may not be available in all 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 offers customizable coverage for classic cars, motorcycles, boats, and other specialty vehicles.
• 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 is only available in select states. Find coverage in our guide: American Modern Insurance Review
• Potentially Higher Premiums: American Modern’s specialized coverage for classic and specialty vehicles may cost more than standard insurance.

#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 Policy 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 Low Rates

Pros

• Affordable Coverage: State Farm auto insurance reviews consistently show low average rates for agreed value policies, starting at $59 a month.
• 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 fewer discount options than some competitors, which may lead to higher premiums.

#6 – Allstate: Best for Agent Network

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 for efficiently handling agreed value claims.
• 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 agreed value insurance policies.
• Customizable Plans: Offers customizable, flexible agreed value coverage options to fit different needs and budgets.
• Strong Financial Stability: Travelers has an A++ A.M. Best rating and over 100 years of experience handling agreed value policies and claims.

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.
• Limited Availability: Farmers’ agreed value coverage isn’t available in every state, limiting options for some classic car owners.

#9 – Progressive: Best for Online Tools

Pros

• User-Friendly Website: Our Progressive auto insurance review breaks down its easy-to-use online experience for managing policies 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.
• 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.
• Strong Financial Stability:

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.

Buy Affodable Agreed Value Coverage Today

Many standard auto insurance companies do not offer agreed value coverage for classic or collectible vehicles. Instead, specialty insurers provide policies designed specifically for these types of cars.

Depending on the insurer, you may be able to choose from liability-only or more comprehensive coverage options. Comparing policies can help you find the level of protection that best fits your vehicle.

These cars must meet specific criteria regarding age, condition, and usage, with appraisers determining their value accordingly.

To find the best coverage for your classic car, shop around and compare rates and coverages offered by various insurers. Enter your ZIP code now to compare rates from insurers offering agreed value coverage in your area today.