Whats my car worth?

[mikewoods]

I'm trying to figure out what my car is worth without getting a formal appraisal. I'm due to renew my Hagarty insurance and need to come up with a "stated value". I originally used $10k but I don't think that's enough to replace the car in case of a total loss. I've searched on Hemmings and other classic car classifieds to find one in similar condition, but everything is either a $2000 basket case or a $30,000 resto.

Some details about the car:

1968 Firebird coupe

Painted STS blue in 1995- some scratches, scrapes, bubbling and dings, very presentable however. We'll call it a "10 footer"

400ci/ 4spd with mild cam and head work out of a 76 trans am

Stock open 10 bolt

15x6" Rally II JJ code wheels from 76 trans am

Mostly Stock interior- bucket seats with headrests from 1969 trans am

Issues:
Starts hard when the engine is hot- it's never left me stranded, just slow to turn over- may also be due to advanced timing due to cam

Scratches on glass

wipers don't work at the moment- going to replace the switch this week

Speedometer doesn't work at the moment- I believe its a broken cable- also going to replace this week.


Here are some photos for reference

[dirtybird]

this car is nice! if its a 10 footer mines a 30 footer lol. idk what these are worth but just to throw in my opinion id say between 10 and 15

[JoeliusZ28]

I dont know but based on your other thread i say you bought the car right. Id list it high and see what happens. Thats an appealing color, someone might fall in love with it.

[dirtybird]

i dont think he's trying to sell it joel, he's trying to figure out what to tell his insurance what its worth

[JoeliusZ28]

I think you would have no problem claiming 15k as a replacement value, possibly higher.

[dirtybird]

how many miles are on the car? thats a big factor too

[mikewoods]

I have no idea how many miles are on the car. The odometer says 62k but I know the cluster has been replaced.

[dirtybird]

lol, ok, how many miles did you say were on it to the company?

[mikewoods]

Hagerty doesn't ask.

[birdie2000]

Might be worth getting an appraisal done. Those guys seem to grossly inflate the value of a car, which for insurance purposes is good.

[WMCCjames]

If hagerty is anything like Grundy, the price difference in premiums between say 10k and 15k is very little. Over value it and sleep well at night.


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[meissen]

I have Red Alert insured for $25,000 agreed value and I think your car would be worth more.

[SOPES]

I would say put a stated of at least 20k on it. I dont know what the difference would be to throw more of a value on it but it shouldnt be much to jump it up to the 30k mark

[mikewoods]

Thanks guys. I agree with over-valuing it for sure.

[kammi10]

Mike if i was you i would just go get an appraisal done. the 100-150 its going to cost you is well worth it. and most of the guys who do it ask you for a rough estimate of what you want it to be worth and then go right around that.

i just had mine done on my car and wanted 25k value and he put it about 26500 just so it would show a good number and they wouldnt dispute it.. i sleep much much better now