Car value and insurance..

[Steve1968LS2]

Now that Penny is almost done I'm starting to rework my insurance. what do you think my Camaro is worth? What could it be reasonably sold for?

No, I'm not selling. Just trying to get a grasp. Lots of high end parts, but it doesn't have the cushy stuff like AC or power brakes.

http://www.fquick.com/garages/Chevro...aro/1968/3891/

Thoughts?

For those not familar you can find pics here along with some videos (at the bottom of my page)

http://www.z069.us/68/pics.htm

Thanks...

Also, I have Farmers now but it's the stupid "parade and shows" insurance. Would Hagerty be better? Suggestions?

[jack67rs]

Steve, I've got mine insured through Grundy, If I remember correctly 95,000 for about $600.00 a year. With all your "prototypes" and "test car Pieces", you probably have what 35,000 in your car? Even without ac your car is sooooooo sweet, I could see your car bringing 120-150 if you ran it through Barrett, but then street value is hard to predict.

[Steve1968LS2]

Originally Posted by jack67rs

Steve, I've got mine insured through Grundy, If I remember correctly 95,000 for about $600.00 a year. With all your "prototypes" and "test car Pieces", you probably have what 35,000 in your car? Even without ac your car is sooooooo sweet, I could see your car bringing 120-150 if you ran it through Barrett, but then street value is hard to predict.

Well, of my own cash I have substancially less than the value of hte car.

I suck at estimating value. I'm sure I could get more than $60k.. Just not sure how much more.

How is Grundy compared to Hagerty?

[camcojb]

I would be insuring it at 6 figures or real close. And you are one brave man having that car insured by Farmers! Please change it asap. You need to have an agreed value policy for that car.

Jody

[ProdigyCustoms]

Parish Heacock has great rates, usually better then Grundy, Hagerty, and the others. And they just paid $24K on a small under hood fire on a friends car, and never blinked at my estimate / bill. Paid instantly and paid the supplement with no question.

Also, another intersesting thing is they insure my street racer, with nitrous, with a roll bar, which will get you excluded with others. Also, My street racer is coverd at the race track. When I hit the staging lanes, its covered, in the pits, its covered, on the return road, it's covered. It's covered the entire time except for the 9 seconds it is on the track

[camcojb]

Originally Posted by ProdigyCustoms

Parish Heacock has great rates, usually better then Grundy, Hagerty, and the others. And they just paid $24K on a small under hood fire on a friends car, and never blinked at my estimate / bill. Paid instantly and paid the supplement with no question.

Also, another intersesting thing is they insure my street racer, with nitrous, with a roll bar, which will get you excluded with others. Also, My street racer is coverd at the race track. When I hit the staging lanes, its covered, in the pits, its covered, on the return road, it's covered. It's covered the entire time except for the 9 seconds it is on the track

I'm going to get a quote from them. My Grundy policy is renewing this month, so it's a good time to see how they compare.

Jody

[Van B]

I am in the same boat, Steve. My insurance guy wants an appraisal but the classic car dealers around here who normally write appraisals don't really understand our type of car. To them, if it is not a resto it isn't worth anything.

I know what it would cost to replace mine, so I am going to see if I can use that somehow to help them arrive at an agreed value.

Jody, any hints on how to arrive at an agreed value? Will some companies take your word for it?

[camcojb]

Originally Posted by Van B

I am in the same boat, Steve. My insurance guy wants an appraisal but the classic car dealers around here who normally write appraisals don't really understand our type of car. To them, if it is not a resto it isn't worth anything.

I know what it would cost to replace mine, so I am going to see if I can use that somehow to help them arrive at an agreed value.

Jody, any hints on how to arrive at an agreed value? Will some companies take your word for it?

I have not had to do an appraisal with Hagerty or Grundy. Need good pics though. I just gave a value and they agreed.

Jody

[Van B]

I had heard that Hagerty was not fond of insuring modified cars, especially those with rollcages.

[Steve1968LS2]

Originally Posted by camcojb

I would be insuring it at 6 figures or real close. And you are one brave man having that car insured by Farmers! Please change it asap. You need to have an agreed value policy for that car.

Jody

It is an agree value deal and was fine while it was being built. Now I want better.

They have a TON of driving restrictions, but the policy is agreed value