Car value?
Thread Starter
Le Mans Master
Joined: Nov 2006
Posts: 7,215
Likes: 1
From: Orlando FL
Car value?
I know that a C2 is worth what somebody will pay.
But what is the best way to get an honest value for my car. My intention is to get colector insurance on it. Any help would be appriciated!
But what is the best way to get an honest value for my car. My intention is to get colector insurance on it. Any help would be appriciated!
Racer
Joined: Feb 2004
Posts: 294
Likes: 0
From: Cherry Valley CA
Values
There are several on line sites that can give you a general idea of what a collector car is worth. Here are a couple of links to visit.
http://www.manheimgold.com/car_lo.html
http://www.nadaguides.com/default.as...=22&p=1&f=5004
http://www.manheimgold.com/car_lo.html
http://www.nadaguides.com/default.as...=22&p=1&f=5004
Le Mans Master
Joined: Mar 2005
Posts: 6,987
Likes: 269
From: Greenwood In.
Post pic of your car on here and discribe it as best you can (everything) condition, paint, interior, hit or not, frame, etc. There are guys in here that can help you figure out what your car should be insured for. Or you and the insurance Co agree on a price that it would take to replace it ( FULL REPLACEMENT COST) if something ever happened to it.
Thread Starter
Le Mans Master
Joined: Nov 2006
Posts: 7,215
Likes: 1
From: Orlando FL
Thanks for the web sites I looked and came up with numbers from 35k to about 75k. My car is a hard top vert with some alteration. It is the right color red, has the right dash-tach was converted to electronic, clock works but is quartz, correct M-21 4 speed (original) 72k on chasis but I have a built 350 engine. 427 is long gone
. car runs and drives frame and cage straight and rust free. brakes are new including e-brake. some custom fiberglass was done and the car has electronic ignition and a 90 amp alternator. I was thinking about 40-50k what do you think?
. car runs and drives frame and cage straight and rust free. brakes are new including e-brake. some custom fiberglass was done and the car has electronic ignition and a 90 amp alternator. I was thinking about 40-50k what do you think?
Le Mans Master
Joined: Mar 2005
Posts: 6,987
Likes: 269
From: Greenwood In.
Oldschool, I hate to burst your bubble but by your car having a Mako Shark front end that just dropped the value or you car a lot unless you find the right person who is looking for that type of modification. It will take about $4K to $5K to put it back original. It will take new front end, head light buckets and motors, bumpers and brackets, then you will need to repaint the whole car to match it up, the BB hood is not that big of a deal. Hope you can get it insured for what you are wanting it insured for. I guess is $25 to $28 BUT that is my opinion and I am sure that you will get others with different opinions.
I had a 66 Vert like that at one time I payed $17,000.00 for and it took me about 6 months to put it back original and a lot of BLING BLING $$$$. I am not downing your car please don't think that it is very nice looking it is just not my cup of tea. I like cars with little or no modification to the bodies, others like the modifications.
I had a 66 Vert like that at one time I payed $17,000.00 for and it took me about 6 months to put it back original and a lot of BLING BLING $$$$. I am not downing your car please don't think that it is very nice looking it is just not my cup of tea. I like cars with little or no modification to the bodies, others like the modifications.
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Melting Slicks
Joined: Mar 2004
Posts: 2,397
Likes: 35
You should be able to insure it for more than it's worth.
The collector car insurance companies will write it for @ $50K.
The cost of going from $25K (true value?) to $50K in comprehensive coverge will be minimal dollars.
The collector car insurance companies will write it for @ $50K.
The cost of going from $25K (true value?) to $50K in comprehensive coverge will be minimal dollars.
Le Mans Master
Joined: Apr 2002
Posts: 5,476
Likes: 771
From: Kirtland Ohio
But if is only worth $25K they will only pay you $25K.They will however collect premiums for $50K
Racer
Joined: Feb 2004
Posts: 294
Likes: 0
From: Cherry Valley CA
Collector car insurance is based on an "agreed value" and they will pay what they agree the value to be. Check with Grundy and Hagerty, they have far less restrictions than most other companies.
Racer
Joined: Feb 2004
Posts: 294
Likes: 0
From: Cherry Valley CA
Tech Contributor
Joined: May 2005
Posts: 15,576
Likes: 118
From: Conroe Texas
When I signed up with Haggerty about 2 years ago, they wanted an appraisal if I wanted to insure my car for more than $50k.
Melting Slicks
Joined: Jul 2005
Posts: 2,553
Likes: 381
From: Strongsville, OH
2016 C2 of the Year Finalist
Melting Slicks
Joined: Nov 2004
Posts: 2,302
Likes: 26
From: Cave Creek AZ
I insured my coupe with Hagerty for $70k when I bought it in 2004. Last year I bumped it to $85k. Both times they asked for a few pictures (inside, outside & engine) and never required an appraisal. I know it's insured for more than it's worth; I want to make sure if something happens to it I can replace it.
Roy
Roy
Racer
Joined: Feb 2004
Posts: 294
Likes: 0
From: Cherry Valley CA
Hagerty has guideline figures they work with and as long as the underwriter agrees with what you have asked for your car is insured for that "stated amount". If the value exceeds their guidelines they will ask for a qualified appraisal.
They agents do not make "big bucks" on auto insurance. If fact auto policies pay the lowest commissions and have the most service work. Collector car insurance is based on very low miles, locked in an enclosed garage and drivers with clear records. I have many collector car policies in my agency and have had a very low claim history. The cars and drivers must fit what they are looking for and it they do, the premiums are very reasonable.
They agents do not make "big bucks" on auto insurance. If fact auto policies pay the lowest commissions and have the most service work. Collector car insurance is based on very low miles, locked in an enclosed garage and drivers with clear records. I have many collector car policies in my agency and have had a very low claim history. The cars and drivers must fit what they are looking for and it they do, the premiums are very reasonable.
Racer
Joined: Feb 2004
Posts: 294
Likes: 0
From: Cherry Valley CA
67-427ci,
The insured value on your car is well within the guidelines with Hagerty.
I have mine insured for $80,000 and sent them the link to the history of the car. The underwriters reviewed this information and agreed to insure it for the $80k.
The insured value on your car is well within the guidelines with Hagerty.
I have mine insured for $80,000 and sent them the link to the history of the car. The underwriters reviewed this information and agreed to insure it for the $80k.
Instructor
Joined: May 2006
Posts: 171
Likes: 0
From: Boston ma
My 65 fuelie is also insured with hagerty at 80K and they just needed pictures...in fact I raised the insurance from 55k to 80K after a recent restoration with just a phone call and one picture...all is good with hagerty by me