Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...

Agreed value car insurance is a policy where you and the insurer agree on the value of the covered vehicle. The item is guaranteed to be insured up to that fixed amount if you need to make a claim.

Jackie Fields has worked at PEOPLE since 2005, and has spent 20 years reporting, writing and editing style and beauty content for the brand. Jackie has been the Deputy Beauty Director at PEOPLE since ...