I've been with State Farm for the past 25 years, insuring my 1992 Viper. Since I've stopped driving daily, I've sold my daily driver, leaving just the Viper. I consulted with an appraiser who suggested a $600 appraisal (USPAP and BOOCA certified) and recommended switching to an "Agreed Value" policy. State Farm mentioned they could reclassify it as an Antique/Classic, with a coverage value of $75K, and lower my premium to around $500 per year.
Does this sound right to you? Any input or advice would be appreciated!
Thanks!
Does this sound right to you? Any input or advice would be appreciated!
Thanks!