I bought my car for $10,700 about 5 years ago, and its insured for like $23,000 through State Farm. They pay NADA high retail, unless otherwise agreed upon. I was going to have my car appraised for insurance purposes, but its not like it would appraise for more than that anyway. Of course, I have waaaay more than $23K in it now..............
I even went into State Farms claims office and asked exactly what I would be paid in the event my car were stolen or totaled. She looked it up on the NADA website right in front of me, and said thats what they pay. I reccommend everyone do this, just to be sure, because so many times companies treat these cars like regular regals. Its also helpful to make sure your not "upside down" in the car too bad, owing more than they'd pay if its stolen or whatever.