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Old 03-16-2019, 08:57 PM   #1
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Originally Posted by thstone View Post
I had Haggerty when my 911SC was my third car. Limited miles, agreed value, and the premium was really cheap.

Now its my daily driver so I transferred it back to my regular insurance.
What does "agreed value" actually mean? I've heard that term, but how does it actually work?
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Old 03-16-2019, 09:06 PM   #2
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Originally Posted by BoxMann View Post
What does "agreed value" actually mean? I've heard that term, but how does it actually work?
Basically that’s the figure both parties agree on when it comes to how much money can be sunk into the car for repairs, or in a total loss.

I have my Boxster and 911 on a Leland-West policy with 6000 and 3000 miles per year respectively, with occasional commuting. Boxster is at $12k and 911 at $55k, a touch over $91/mo.
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Old 03-16-2019, 09:10 PM   #3
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Car gets totaled you get the agreed value if everything works out. Insurance companies always have a way to weezel the customer when it comes time to collect. I think I declared 12k for mine with Grundy. There are some limitations but it's a pretty good savings. I had a chick run a red light and totaled my caddie back in August. My insurance on my other vehicles just went up 30 percent because of my accident. I at 61 have never had a single ticket . Time to look for a new company I guess.
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Old 03-17-2019, 05:40 AM   #4
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Mercury Insurance. Try them. Seriously.
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