Most insurance companies offer two different types of classic auto policies: stated value policies and agreed value policies. Stated value policies usually insure a classic car or truck for it’s stated value. This is typically the vehicle’s fair-market value, as determined from the sources mentioned above. Agreed value policies insure a classic car or truck for a value that the driver and insurer agree upon. This value can be different from the vehicle’s fair-market value. These policies, thus, give drivers who would like more protection than a stated value policy would provide a way to purchase the additional coverage they want.