🚗 Coverage GuidesUpdated: September 2, 2026
Classic Car & Antique Auto Insurance in Tennessee: Agreed Value vs. Stated Value
By Memphis Car Insurance Editorial & Underwriting Research Team
Protecting collectible vehicles: Agreed Value coverage guarantees, mileage restrictions (2,500/yr), garage storage requirements, and antique license plates.
Standard auto insurance policies depreciate vehicles over time. For restored vintage muscle cars and antique automobiles, specialized Agreed Value coverage is essential.
1. Agreed Value vs. Standard Actual Cash Value (ACV)
| Valuation Model | Total Loss Payout | Depreciation Applied | Ideal Vehicle Type |
|---|---|---|---|
| Agreed Value (Classic Policy) | 100% of mutually agreed appraisal value | Zero Depreciation | Restored classic, muscle car, antique |
| Stated Value | Lesser of stated value or ACV | Yes (Depreciation applied) | Custom commercial vehicles |
| Actual Cash Value (Standard) | Market value minus depreciation | Severe depreciation | Daily commuter vehicles |
🛡️
Memphis Car Insurance Editorial & Underwriting Group
Our analysts specialize in Tennessee statutory insurance laws (TCA Title 55), Shelby County accident risk models, SR-22 certification requirements, and localized premium rate reduction strategies.
Compare Affordable Memphis Auto Insurance Quotes
Find optimal coverage limits and lower premiums across top Tennessee insurance carriers.