Actual Cash Value vs. Agreed Value — The Difference Can Cost You Thousands

Here's what most owners don't find out until it's too late: a standard policy pays actual cash value — depreciated book value — if your car is totaled.

For a collector car that's been restored or has appreciated, that payout can be a fraction of what the car is truly worth.

Agreed value fixes that. You and the insurer agree on the car's value when the policy is written, and that's what you're paid. No depreciation. No lowball. No fight.

Making sure you have the right kind of policy — and the right documented value — is exactly the kind of thing we handle.

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Coverage Built for Collectors, Not Commuters

Your collector car isn't your daily driver, and it shouldn't be insured like one.

A standard auto policy pays actual cash value — depreciated, book-value pricing — which is exactly wrong for a car that's appreciating, restored, or irreplaceable.

Collector car insurance works differently. It's built around agreed value: you and the insurer agree on what your car is worth up front, in writing, so there's no argument at claim time. It also costs less than you'd expect, because collector cars are driven carefully, stored well, and rarely on the road.

We place collector coverage through specialty carriers — including Hagerty and American Modern — who understand these cars and the people who own them.

What collector coverage typically includes:

»  Agreed Value — a guaranteed payout you set up front, no depreciation games
»  Specialized Repair — the right to use restoration shops and OEM or period-correct parts
»  Flexible Usage — coverage for shows, club events, parades, and pleasure driving
»  Spare Parts & Tools — protection for the parts inventory that comes with the hobby
»  Storage & Transport — coverage while stored, trailered, or on the way to a show

Whether it's a numbers-matching muscle car, a restored classic, an antique, or a modern collectible, we'll make sure it's valued and protected the way it deserves.

American Modern Insurance
Hagerty Insurance

How We Work

  • Specialty Carriers

    We place your car with collector specialists like Hagerty and American Modern — not a generic auto policy that treats it like a commuter.

  • Agreed Value, Done Right

    We help you establish and document your car's value, so a total loss pays what the car is actually worth — not a depreciated book number.

  • Ongoing Service

    Finished a restoration, added to the collection, or heading to a show out of state? Call us. Same team, every time.

Why Preferred for Collector Car Insurance

Real Access

•  Call and reach a live, knowledgeable agent — no phone trees, no hold music. When you've got a question about your prized car, you talk to a person.

The Extra Mile

• Restorations in progress, modified builds, mixed collections — the cars and situations other agencies don't know how to handle are the ones we work through with you.

Advice, Not Just a Sale

•  We'll help you land on the right agreed value and the right usage terms — enough coverage without paying for what you don't need. Then you decide.

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Questions about insuring your collector car?

Call us and talk to a real agent.

Mon–Fri 9AM–5PM

Frequently Asked Questions