Yea, I think it just depends on each situation. One of my previous cars was a Mustang GT Convertible - the car (stock) was realistically worth about $15k and I'd put another $10k into it. Totaled the vehicle and State Farm tried to give me about $5k. (I realize the bolt-ons don't count toward the value, but still - it was definitely worth more than $5k) After fighting them for 3 months or so, I'd gotten them up to around $10k and took the check, as I needed a car and couldn't fight any longer.

And like I said, my last vehicle was a Grand Cherokee. When I bought the vehicle it was 2 years old and I was paying about $450/6 months for full coverage. 7-8 years later, the vehicle is pushing 200k miles, I've still got full coverage and have had no tickets, claims or anything, and my premiums have climbed to like $600/6 months. I called them and asked what was up and they gave me this story about "Well, that vehicle is more rare now. If you were to get into an accident, finding replacement parts would be harder, so..." I explained back that when I bought the car, it was worth about $20k and now was worth probably $4k. I'm paying considerably more to insure a vehicle worth considerably less. And let's not bullshit anyone - if I so much as put a scratch in this thing, you're going to total it out - so let's not kid ourselves with the whole "finding replacement parts" talk...

I kept them for the time being, but 6 months later, like clockwork, I get a new premium and it's gone up again. So, I canceled and went with Progressive and it dropped to less than 50% of what I had previously been paying. Now, I'm driving a much newer vehicle and my policy is still much lower. I've since added a boat to the policy and am okay with what I pay, but also being a 35 year old male, immaculate record, great credit score and not driving many miles, think it should still be less than what I currently pay (if I were to shop around).