Agreed Value Car Insurance
Whatever vehicle you drive, whether a carefully restored classic or a modern sports car, you want to be sure that you can claim its real current value should you get into an accident. Our agreed value car insurance is a great way of helping you get adequate compensation.
Affordable agreed value car insurance
Owning a car that you really care about makes it all the more important to get proper compensation when you need to make a claim. Our agreed value car insurance is a great way of helping to ensure this happens, and is usually a lot cheaper than GAP insurance sold when buying a car on finance.
We offer guaranteed value car insurance for a wide range of vehicles, from classics and performance cars to modified cars and imports. Phone us now for a quote.
How does agreed value car insurance work?
Simply give us a call and tell us that you’d like an agreed value quote for your car. We’ll need some information from you, including the car’s make and model, plus pictures of the car in its current condition. Take a look at our guide to find out what the images should show.
We’ll then consult with our underwriters about a suitable agreed value quote, and will get back to you on how much this would be.
Once set up, you can start driving with insurance cover straight away!
Which cars are covered?
Agreed value car insurance is ideal for the following types of cars:
- Kit cars
- Performance cars
The only type of car we’re unlikely to be able to insure on an agreed value policy is an unmodified vehicle that’s less than one year old. Not sure if your vehicle qualifies? Give us a call and we’d be happy to help.
Not always, especially if you’ve modded your car. However, it is fairer compared to the actual cash value (ACV) provided by most traditional insurance companies.
ACV is the replacement cost minus the depreciation value. In a lot of cases, this won’t even cover the costs of repairs let alone the amount of money and time involved with modifying or working on your vehicle. Whilst guaranteed valuations don’t always match this either, they are often closer to the original value of the car.
Stated value is the amount you’ve stated your vehicle is worth when you first take out a policy. Where it differs from agreed value car insurance is that the insurer can pay either the stated value or the actual cash value (ACV) – whichever is cheaper for them.
As a result, if you have a classic car or another cherished vehicle, guaranteed insurance is probably the best way of covering its value. Adrian Flux was created from one man’s passion for unique and “uninsurable” cars, and we’ve been sticking to this core value ever since.