Agreed Value Protection Designed for True Automobile Enthusiasts
Donāt let a standard auto policy depreciate your pride and joy. At Kaufman Insurance Group, we partner with premier specialty carriers like **Hagerty** and **Grundy Worldwide** to deliver zero-deductible options, guaranteed agreed-value payouts, and flexible mileage designed for classic car owners.
Standard Auto Policy vs. Collector Coverage
Insuring a classic car on a standard daily-driver insurance policy is one of the costliest mistakes an enthusiast can make. Here is how collector policies deliver superior protection for less money.
Standard Auto Policy
ā ļø Actual Cash Value (ACV) Depreciates
Pays total loss claims based on book value minus depreciationāignoring restoration costs, rarity, and market appreciation.
- High daily-driver rates
- Standard insurance deductibles ($500ā$1,000+)
- Pushes repairs toward cheap aftermarket body parts
Stated Value Policy
ā ļø Maximum Payout Limit Only
Often confused with Agreed Value. Stated Value lets you cap the premium, but in a total loss, the insurer still pays Actual Cash Value up to that limit.
- Does NOT guarantee full payout
- Insurer can still factor in depreciation
- Common in commercial auto endorsements
Agreed Value Policy
ā The Gold Standard (Hagerty / Grundy)
You and the insurer agree on the exact value upfront. In a total loss, you get paid 100% of that dollar amountāguaranteed.
- No depreciation deduction ever
- Up to 50%+ lower premiums than regular auto
- Zero deductible options & flexible mileage
Industry Leaders in Collector Protection
We shop and customize coverage through top-tier collector carriers to ensure your automotive investment is fully protected.
HagertyĀ® Insurance
World-Class Lifestyle Brand
Hagerty is globally recognized for valuation expertise, flexible pleasure driving, and unmatched enthusiast benefits.
- Guaranteed ValueĀ®: Pays full agreed limit without deductible in a covered total loss.
- Hagerty Drivers Club: Includes flatbed towing with soft straps, roadside assistance, and event access.
- Spare Parts Coverage: Up to $750 in comprehensive coverage for extra parts and tools.
- Instant Purchase Protection: Automatic 30-day coverage up to $50k for newly acquired vehicles.
Grundy Worldwide
75+ Years of Trust
Pioneers in collector car insurance offering unlimited mileage for pleasure driving and zero deductibles.
- Never-Depreciated Value: Your agreed valuation never decreases over the life of the policy.
- Unlimited Mileage Protection: Drive your classic anywhere for pleasure without rigid mileage caps.
- Choice of Repair Shop: Work with specialized, high-end restoration shops of your choosing.
- Inflation Guard: Automatically adjusts agreed values to stay ahead of market appreciation.
Specialty Vehicles We Insure
From vintage brass-era antiques to modern supercars, we cover the full spectrum of collector vehicles.
Protect Your Collector Car for Much Less Than You Think
Because collector cars are driven infrequently and stored securely, policies often cost up to 50% less than regular auto insurance while providing vastly superior total loss protection.
Collector Car FAQ
What are the main qualifications for classic car insurance?
Most specialty carriers require the vehicle to be kept in a fully enclosed, secure garage. Drivers must have a good driving record, and each licensed household driver must have a separate, daily-use vehicle for regular transportation.
Can I drive my classic car to work or on pleasure trips?
Collector policies encourage pleasure driving, club events, parades, auto shows, and weekend cruises. While occasional driving to work is allowed by some programs, these policies are not designed for daily commuting or running errands.
Do I need a formal appraisal to get an Agreed Value policy?
In most cases, carriers like Hagerty and Grundy do not require a formal appraisal for typical market values. Photos and recent sales documentation or build receipts are usually sufficient to establish the agreed value.
Protect Your Passion Project
Start your quote above or reach out to our advisor specialists at Kaufman Insurance Group today.