How do I increase insurance value coverage on my car?

Question

I have a car with the Kelly Blue Book value ($4,000ish) well below what it would cost in both parts and labor if a minor, yet repairable, accident would occur. ($5,000 to $6,000) What are my options in increasing insurance value or alternate options or services to place on my vehicle if the unlikely event of it becoming totaled arises?

Is there some sort of alternate or additional insurance I can get in case my vehicle is *considered totaled but will pay to have it fixed regardless of what Kelly Blue Book states?

Thank you!

Answer 1

For classic cars some insurance companies will issue an "Agreed Value" policy where you agree with the company at the start of the policy what the write off value will be.

Answer 2

You can get above value insurance for this. must get from insurance agent.  

Answer 3

omg good question !!! let me know if someone gives you a good answer ! please [=

Answer 4

It would help to know what type of car you have.

However, you can speak to your agent. If the car is a classic - you can get an appraisal done on the car and usually get a stated value policy for it.

If the car is not a classic- then no. The standard auto policy will not insure the car for more than it's market value.

You may want to check the NADA (National Automobile Dealers Assoc) book for the value of the car.  If the car were to be a total loss in an accident -if the insurance company uses a book to determine it's value - they will use the NADA - not Kelly.