Agreed Value Vehicle Protection
Classic and collector vehicle insurance with agreed value options.
Protect your investment in antique, classic, custom, and exotic vehicles across Georgia and Pennsylvania. We structure policies with agreed value options that avoid standard depreciation disputes, paired with flexible collector mileage tiers and secure garage storage guidelines.
Agreed Value vs. Stated Value
Why standard auto insurance fails collector vehicles.
Standard auto policies settle physical damage on an Actual Cash Value (ACV) basis, applying depreciation from day one. Collector coverage protects genuine market appreciation.
Agreed Value Valuation
You and the underwriting carrier establish the agreed valuation upfront, supported by vehicle documentation, condition photos, or certified appraisals. In the event of a covered total loss, the policy pays that agreed amount without depreciation deductions, subject to policy terms and deductible.
Available through specialized collector carriersThe Stated Value Trap
Stated value sounds similar but works against the vehicle owner. It merely establishes a ceiling on what the carrier might pay. In a total loss, the insurer reserves the right to pay actual depreciated cash value or the stated amount—whichever is lower.
Avoid stated value on appreciating classicsCollector Use Criteria
Core qualifications for collector car insurance.
Specialty collector carriers offer substantial premium savings compared to daily driver insurance because vehicles are driven conservatively and stored securely.
Enclosed Garage Storage
Vehicles must be garaged in a fully enclosed, locked residential garage, private pole barn, or monitored collector storage facility when not in use.
Secure off-street storage requiredSeparate Daily Drivers
Every licensed driver in the household must have regular access to a separate, insured primary daily passenger vehicle for commuting and routine errands.
Protects collector classificationPleasure & Hobby Use
Eligible use includes car shows, exhibitions, club tours, parades, pleasure cruising, and automotive hobby events. Daily commuting, errands, and commercial ridesharing are excluded.
Flexible annual mileage tiersSpecialized Endorsements
Endorsements include spare parts coverage, restoration in progress milestones, automotive tools protection, and flatbed emergency roadside towing.
Hagerty & collector market accessCollector vehicle underwriting
What we review to establish collector eligibility.
- Vehicle provenanceYear, make, model, historical documentation, restoration status, and modifications.
- Storage & securityFully enclosed locked garage, climate-controlled facility, or private residential collection storage.
- Household vehiclesDaily-driver vehicles must be insured separately on personal auto policies for all licensed household drivers.
Related discovery
Independent market access
Examples of markets we may access for collector vehicles.
Market access varies by state, vehicle age, valuation, driving history, eligibility, and underwriting. A listed carrier does not constitute a guarantee of coverage or rate.
Frequently Asked Questions
Collector vehicle insurance questions answered.
How does Agreed Value work if my classic vehicle is totaled?
Under an Agreed Value policy, the valuation is agreed upon by you and the carrier at policy inception. If your vehicle suffers a total loss from an accident, theft, fire, or weather event, you receive the full agreed amount with zero depreciation deduction, minus any selected deductible.
What annual mileage limits are available?
Collector programs offer tiered annual mileage plans depending on your hobby habits—common options include 1,000 miles, 2,500 miles, 5,000 miles, or unlimited pleasure use tiers. During quoting, we align your actual driving expectations with the lowest eligible premium rate.
Can I insure a vehicle currently undergoing restoration?
Yes. We offer restoration-in-progress coverage that automatically increases policy limits as restoration milestones are completed and documented, safeguarding your ongoing labor and parts investments.
Protect your collector vehicle with agreed value precision.
Connect with our licensed agents in Georgia and Pennsylvania to establish true market protection for your classic or exotic vehicle.
Start a Collector Vehicle Quote