I also have State Farm insurance and my agent was very helpful with my 67 Lemans convertible. I took pitures of car and got current values and took everything to him. I was able to lower rate while engine is out and car is kept in garage. I keep all receipts for parts and work and record everything I buy or modify. I have to keep it insured because home owners doesn't cover it sitting in garage (which is old) if roof would collapse or something.
Read everything because there are several different kinds of "agreed upon" value insurances.
Jason
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