State Farm does not offer agreed value, only stated. You do "agree" on the value, and your rates are based on that value, but the policy is stated value and there is no guaranteed payout amount in the event of a full loss. They can still depreciate, look at comps, etc. just like a regular car policy (which is what it is).Originally posted by Silver69Camaro:
I think I know somebody who is 23 and has classic car insurance from State Farm. It's agreed value, not stated (which is good). The premium is the same as Haggerty and the rest (about $10 a month). Call an agent and find out.
Matt,Originally posted by Silver69Camaro:
You guys bring up a good point. Who can you call for sure? I have the State Farm also, and my premiums SAYS Agreed, but who knows. I call my agent, and they confirm it is. Where can I read the fine print?
Hagerty is only a little more for me, by $40. I might do that instead...