---
title: Agreed Value
description: Insuring your ride for what it’s really worth. Coverage for your vehicle that takes into account its rarity, condition, and historical significance.
---

[![](https://hs.openroadautoinsurance.com/hubfs/raw_assets/public/OpenRoad/images/iconamoon_home-duotone.svg) ](https://hs.openroadautoinsurance.com/?hsLang=en) [Classic Car & Truck Insurance](https://hs.openroadautoinsurance.com/our-coverages?hsLang=en)

# Agreed Value Coverage

![Agreed Value Coverage](https://hs.openroadautoinsurance.com/hs-fs/hubfs/-_Agreed%20Value-2.png?width=530&height=400&name=-_Agreed%20Value-2.png "Agreed Value Coverage")

## Learn More

Insuring your ride for what it’s really worth. Agreed value coverage in a collector car insurance policy is a specific type of coverage that allows the policyholder and the insurance company to agree upon a predetermined value for the insured vehicle. This agreed-upon value is typically based on the car's market worth, taking into account factors such as its rarity, condition, and historical significance.

### Example:

Standard auto insurance policies often use a depreciated vehicle value to determine payouts in the event of a claim. OpenRoad's Agreed Value Coverage is different. It ensures that the policyholder will receive an agreed-upon value for their collector vehicle in the event of a covered total loss, such as from theft or an accident.

## Common Questions About Agreed Value Coverage

#### How is my vehicle's value assessed? 

While many collectors have a pretty good idea of what their vehicles are worth, sometimes we all need a little guidance. We recommend consulting a pricing guide if you're unsure of your vehicle's value. Please visit our [Vehicle Values](https://hs.openroadautoinsurance.com/vehicle-values?hsLang=en) page for some helpful resource suggestions.

---

#### Is an appraisal or inspection required?

The only situation where we might request an appraisal, inspection, or bill of sale is for extremely rare and/or very high-value vehicles. You'll be notified automatically during the online quoting process if your ride qualifies.

[ View All Coverages ](https://hs.openroadautoinsurance.com/our-coverages?hsLang=en)