Insuring your custom car can be more confusing than big city street signs but it doesn't have to be. One of the biggest things to look for is Stated vs. Agreed Value.

Stated Value is what an owner presents when a policy is opened, leaving room for interpretation if a claim is made. Many policies say the insurer will pay the lesser of: a) The Stated Amount, b) the cost to repair the vehicle that doesn't exceed the Stated Amount or c) the "Actual Cash Value" meaning a claim adjuster can settle the claim for less than the Stated Amount.

Agreed Value is a figure reached by both parties where the full amount is given to you if there's a total loss on your car.

Some other things to look for in a policy are if towing and glass coverage are included, what the mileage limit is on the policy, if there's stipulations when showing your car or driving in events, and so on.

Overall, coverage on your street machine is much cheaper than your daily driver and has benefits suited to custom cars with non standard components.