Classic car insurance - market value vs agreed value

I have agreed insurance value of £25,000 for my Range Rover CSK, plus I retain my car in the event of a total loss. Would I be better having ordinary "market value" insurance and accept fluctuating values and abandon the "agreed value" element of my car insurance?

Asked on 10 November 2016 by G. Smiley

Answered by Honest John
No. What you need to do is to negotiate an increase in the 'agreed value' of your car with the insurer. If you switched to ordinary insurance then the 'market value' might actually be deemed to be less than your current agreed value.
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