This is where the crunch comes when comparing Morgan insurance. “Agreed value” is bound to attract much higher premiums than traditional fully comprehensive. I am guessing that those who insure with the likes of LV, Admiral etc do not have agreed value. That’s fine; you get what you pay for but many sleep better at night knowing that if their pride and joy is written off, they will get a fixed sum, which may well be far more than what an insurance company would otherwise offer. Just look at the current depreciation on CX cars!
My current agreed value is more than I paid new for the car, 12 years ago!
One other effect on insurance costs is your postcode. A friend of mine who only lives a couple of miles away, but in a very upmarket area can never match my quotes for similar cars, age and driving history.
Apples and pears, as they say.
