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How do I insure a car for more than it is worth?

My car has a lot of modifications, and I don't agree with my insurance's suggestion for its market value. How do I insure a car for more than it is worth?

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Melanie Reiff · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If you’ve spent a lot of money modifying your car, it can be frustrating when your provider’s suggested value doesn’t match up with what you’ve spent. The good news is you can insure a car for more than it is worth with agreed value car insurance.
Agreed value is an amount you and your insurance company both consent to insure the car for when the policy is purchased. This typically has a higher maximum payout than market value insurance, and as such, agreed value insurance is typically more expensive.
That said, it could be a worthy investment if you feel like you need the protection in case of an accident. This also won’t depreciate over time, so it could save you money in the long run.
To find the best value for your insurance, use
Jerry
! Jerry is an insurance broker app that will compare rates for you from up to 50 top providers in a matter of minutes. Once you find a policy that works for you, Jerry will take care of all of the paperwork and changeover!
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