Many classic car owners are under the false belief that insuring your classic car through a specialty insurance company is more expensive than using your current home or auto insurer, but this is really not true. Collector car insurers offer "Agreed Value" insurance, and many general insurance companies do not offer this.  They do not have the resources or understand how to properly value your classic car, and "Agreed Value" should be the only insurance type you choose.  In the case of an unfortunate loss, the Agreed Value between you and the classic car insurance agency will be paid to you.  Other insurance packages offered by general insurers use Stated Value or other types where depreciation can affect the value, or worse yet a general price guide will be used for the value. 
 


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