I'll have to follow up with the State Farm agent. She referred to my policy as stated value but the State Farm website calls it an agreed value policy. I don't have the actual policy handy, just the renewal paperwork which lists the value but doesn't provide much else.

My buddy with the RoadRunner has the same policy that I do with State Farm and they have been very good to him. His car got hit in the front and so far the body shop has billed State Farm about $20,000 for the repairs. Last time I talked to him he said that State Farm has paid the claims without any issues. I don't know what his value was on the car, I guess I could ask him next time I see him.