Agreed Value vs Market Value

[Angarak]

Apologies to all the rolling eyes out there at another insurance thread

 

My renewal is up soon and in the 8 years I've owned my Supra I've always insured it on a classic policy with limited miles and agreed value of £9k (bought it for 12k).

 

This year the price of a nice TT has appeared to increase (probably helped by a combination of people writing them off and the rising prices in Japan).

 

If I were to sell my car today I'd hope to get 9 - 9.5k for it.

 

I'm wondering if its worth getting another classic policy with agreed value, limited mileage and a higher premium - or if i should just get a normal policy and hope that in the event of a writeoff I get a good appraisal from the insurer based on the average market value of a low mileage TT (less than 40k miles).

 

Do you guys think agreed value is still preferable given the market values of a TT?

 

Im currently with Adrian Flux but I'll be drop kicking them having just had my renewal quote through.

 

I appreciate your feedback.

 

Cheers

Simon

Edited November 2, 2014 by Angarak (see edit history)

[Abz]

Agreed value would help with the hassle should the car be written off. Insurance companies can be a pain when he comes to paying out.

[a98pmalcolm]

I had an issue with this recently. I have now an agreed value at £18k. If I didn't have that I'd only get about £9k if it were written off or stolen.

 

This created no extra cost on my policy with Sky...

[Angarak]

Thanks for your input chaps, appreciate it.