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It’s pretty simple, if it’s not an agreed value, then you won’t be happy with it should you ever need to use it. Actual cash value is a fancy way of saying ‘we’ll determine the value after you file a claim’, which means you’ve got no clue how much your car is ‘actually insured for’ until after you total it. If USAA’s premium is less than the premium on Hagerty’s policy with the agreed value you quoted it at, then it’s safe to assume USAA won’t be paying you that same dollar amount that Hagerty would. I don’t know why anyone wouldn’t go with the sure thing, plus, Hagerty is the cream of the crop when it comes to collector car insurance policies.
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