Yes I prefer to spend thousands of dollars on my 64 Signet only to insure it for a fifth of what I've got into it in cash and time. You see, my car isn't a classic or even a muscle car as its just an early A-body Plymouth which no real person into the TV media hype of auto auctions would even have a clue to its value. They would rather insure some plastic piece'a crap garage rod registered as a true 32 or a rod made from pieces of garbage than to put a price on something that actually sees the asphalt on a daily basis.
I have four vehicles insured by American Modern at a total of 250 bucks a year for full coverage for all four. My Signet is insured for 25G's and able to drive 12000 miles per year which I can change with a phone call. Its value is determined by receipts, photos and common sense, something others rarely use and these determine its worth without the use of any Nada or Kelly book. My home property is like a compound and once you get in, you cannot get out. One of four is garaged but my Signet is a daily driver and covered when not in use iwhen its put to sleep. BTW, in order to get this insurance, you must have 2 other vehicles no matter what kind insured with another company like State Farm, Allstate, Geico or Progressive. It doesn't make a difference to me as I am a bonified hot rodder and not a garage rodder or a bench racer.