FOURSPEEDVETTE

Most of us have a declared value on these older cars if they are listed as classics or antiques. If the owner doesn't, he is obviously driving a piece of junk or is really uneducated in the way to insure a nice classic or antique car. Mine is $11,000.00 for an 85! My insurance company has NO problem with this amount and told me if I want to increase it a few bucks, they will gladly do it for just a small increase in the premium. I pay about $129.00 a year for full coverage with no deductible. Pretty stupid of many insurance companies to set a declared value so high if they don't think the car is worth it in case of loss isn't it? The entertainment factor of some negative repies is always worth a good laugh no matter what the subject they are replying to. It makes you wonder what their car must look like!

tim32920

Insurance companies suck. They give you what they call " fair market value" so you better have that "gap insurance" to cover the payoff of it is a financed vehicle. It is a scam they have had going for a few yrs. I found out tje hard way when my brand new dodge ram 2500 4x4 was totaled during tropical storm Faye.

FOURSPEEDVETTE

A "declared value" is completely different from "gap insurance". A declared value is a designated value that you and your insurance company agree on together for the complete value of your car if it's totaled. They need to first see the car and it's condition to justify its value. You WILL NOT get a high declared value no matter what if the car is not worth it in their opinion. Gap insurance (extra cost) is an agreement between your lender and the company who insures it. If your credit is good, the lender will make up the difference between fair market value and the amount you owe over the fair market value. Most people are upside down for the first few years of a car loan, so gap insurance is a must on your financed daily driver vehicles.

cv67

Problem is trying to convince a seller the car is worht that much cause its insured for xxx.

have 78k in mine, bumping ins to be covered for 40k and thats pushing it
Wouldnt get 25k on a real good day realistically.

FOURSPEEDVETTE

I hope you're talking about a C6 for $78,000.00.

anciano

Tell me what company that was. I'll get a policy from them and then drive my clean, newly-smogged, 94K miles convertible with factory hardtop into a tree and walk away a happy man with a settlement like that. Hell, I'd be delighted with a $10K estimate to the point where I'd kiss the adjuster on both cheeks like a Frenchman.

Some numbers quoted here are pretty low, I agree, but some are pie-in-the-sky high estimates from proud owners. Who ever thought their own baby was ugly?

Or maybe it just depends on where you live. Here in CA asking $13K for an '89 with half that mileage will bring only laughs instead of offers.

FOURSPEEDVETTE

You need to have it registered as a classic car. $10,000.00 isn't out of reach. Daily driver cars will never get the high amount of insurance that a classic or antique vehicle can attain. Your 94 is not old enough for antique status, but I think you may be able to get classic insurance on it in California after it's 15 years old. Note that classic or antique status will regulate how much driving you will be able to do with it.

Y-ME

Years ago I noticed that for no reason once a car hits 20 years old the NADA skyrockets for no reason other than it being 20 years old. Compare a 19 year old Vette to a 20 year old one. The values in that thing are just feel good figures and something to show your wife to convince her that the car she is making you sell is worth the high price your asking so no one will buy your car, and you get to keep it.

'But hon my 84 that needs paint is worth 15k we'd be stupid to sell it for less'

ch@0s

I have about 50K invested in my car. I'm charging myself the going rate $95 per hour, no interest which I think is a good deal. I'm going to be paying for ever.

Joking aside, when I finally pull it out of the garage I'm going to try to insure it for 15K.

Jon Hekking

Not ripped off on any Vette I've ever owned. You show me on other 89 with high miles that brought 13K. These cars are not classics yet, sorry but that's a fact. When They're sitting on back street car lots all over town for $5995, they simply are not classics. I don't see too many 1967 GTO's out there going for these prices. You need a reality check. I've owned more Vettes than you most likely will, don't need you telling me about their classic status or value.

FYI, I just spoke to my Farmer's agent who is a friend of mine and got their replacement cost on my 93, you better sit down....... $4,800. I think you're stretching the facts here a little. My 2004 6-speed C5 coupe's replacement value, $17,200.

Sorry if realty hurts.

Sweet 90

Even with the 40th badges on it??? Plus don't forget your C5 is a one and only Taurus model Jon

cv67

Jon Hekking

Again, no rookie Vette owner her, owned many still have a couple and will be adding more. But to call a C4 a classic is just not reality. Your car is worth only what some one is willing to pay for it, period. Because I have a different attitude I have a "snotty negative attitude" because I don't think you have a snowball's chance to get $18K for a run of the mill C4. Some one here needs a reality check and it's not me.

This is the reality where I live;

http://www.autotrader.com/fyc/vdp.js...e&rdpage=thumb

This car has been on the maekret for a while and the owner is willing to deal so all you classic car guys give him a call and snap it up as there are only another 6 or 7 to choose from.

And I'm supposed to believe that State Farm is willing to shell out $13K for the same car with almost twice the miles.

Sorry, not now, maybe in 20 years, but not today.

cv67

Jon you know how many people are going to jump to their deaths today because of you? Dream Killer!

Jon Hekking

Yes. it is true it has the optional 40th Anniversary emblems making it a rare all black 40th Anniversary car! It did cost me a whopping $6,200 bucks though, quality don't come cheap, or do classics I suppose.



Trust me , there's not a nicer C4 in SLC.

I've sold rubber nosed C3's for twice that much.

Sweet 90

Jon Hekking

It's a dirty job but some one has to do it.

ch@0s

I was thinking of putting one of those C5 kits on my car now I see it was a mistake. I bet we will see C5 to C4 conversions soon.

Jon Hekking

Can't wait, if I put one on my C5 it will be worth $18K at least.

mike100

Maybe the book shifted a decimal place or some program bug on the online value calculator.

most C4's are worth more in parts than whole.