I use Acuity and have a combined policy for all cars, property and liability. They will do agreed value for much less than Hagerty. Requires a ticket free record, I think. I would see if your present insurer will give you agreed value before switching. Acuity is a great company and very reasonable. Not sure if they sell outside of the midwest.

 

Haggerty wouldn't take my 997 because it wasn't exotic enough, or something along those lines. I daily drive it on a semi-daily basis so I've got it with Progressive.

 

What Groovzilla said. I do the same through Nationwide. I can suspend the coverage which gives it comprehensive-only converge whenever I want. I drive 6-7 times a month so typically leave full coverage on unless its in storage for the winter or I am going on an extended vacation. Really helps with the overall policy premium on a yearly basis.

 

I pay about $1200/yr for my 997.1. Greater atlanta area, age 27 male, clean driving record. I have agreed value classic insurance for my S6 which is roughly 3k miles per year, $10k agreed value, and $300/yr.

 

I, too have wondered about agreed value policies. All 3 of my cars are insured by USAA. The 997 costs me about 1100 annually for full coverage under a regular use (non-collectible) policy.

I haven’t looked into it too much, so this may be a dumb question, but if I were to switch to an AV policy from Hagerty or other, doesn’t that agreed value only kick in if it’s a loss caused by force majeure or by my own doing? In other words, if I drive my car one sunny day a month and get t-boned by someone else, their insurance would only cover what they’re willing to cover - i.e blue book value? If you have your own AV policy, would they make me whole in the delta between blue book and agreed value? That doesn’t make much sense.

 

I believe it depends on the type of AV policy you get. For the most part, AV policies are pretty restrictive on how the car is used. You could theoretically get an AV policy for a daily or car you use often, but the price would be prohibitive. A lot of AV policies do not allow you to use it to commute, run errands, etc., basically just drives for pleasure or to and from shows/meets. So, if you were t-boned one sunny day, the question is whether it would be a covered loss and that depends on how you were using the car. If it was not a covered loss, better hope you have secondary insurance that will cover it, even if it's just stated value or actual cash value.

I daily my 997 so AV is out the window for me.

 

I have Hagerty and there are no real restrictions. I checked Leland West and they had major restrictions like can’t take car out for dinner or even stop at the grocery store when returning from a Porsche event. Hagerty only real restrictions are 6000 miles per year which is plenty fir my use.

 

it’s crazy how many different answers this forum gets from one company. I called and they stated if I ran to the grocery store/Home Depot ect I was not covered.

called ausa and have the 20% value increase. They use comps as their value not kbb.

 

So that’s the essence of my question: suppose I WAS using the car under the AV policy limitations and get t-boned by someone else.

am I wrong in thinking that I’m still at the mercy of whatever insurance that other person may be willing to pay out? Assuming for the sake of this discussion that the other party is found to be at fault.

hypothetically, I’m out driving and get hit. Other party is at fault and the car is totaled. Their insurance looks at whatever database they use to determine fair market value…call it $50k just to insert a number. My AV covers the car at, say 70k…no way they’re going to supplement the claim, right? If so, the AV policy only possibly covers up to the agreed value in limited circumstances as I said before.

am I thinking about that right?

 

Well, if you were t-boned while doing something that was not covered in the AV policy (going to the grocery store) you may be SOL. If it is covered, I'd imagine your insurance carrier would subrogate. They'd pay you out based on your agreed value then pursue the other driver/their insurance for the money. Generally, you always want to subrogate and let your insurance company handle it rather than being at the mercy of the other party's insurance.

 

This - always, always, always!

 

makes sense. Clearly I don’t have a whole lot of experience with auto insurance claims. Guess that’s a good thing.