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

[dobie6982]

I would say $15,000 for a asking price, $20,000 for insurance purposes. I have mine valued at $25,000, the body and paint are in about the same condition as yours. All of my money went in the motor. Mine is insured with State Farm. BTW I love that color.

[chocthunder]

I would split the difference and insure it for 25k. We all know we can never get all of the money we have spent on our cars. If something were to happen to my ride I would like enough money to have at least a good starting price point. Just my 2 cents.

[mikewoods]

Is there an issue with over valuing it? I don't want to pay for the coverage for a $25,000 car if/when it gets wrecked they're only going to give me $15,000

[dobie6982]

You may have to talk to your agent about that. If it is an agreed upon value, such as Hagerty sells, I do not see how they can not give you the agreed upon value in the event of a total loss. Let us know if you find anything out.

[david068513]

They give you the agreed a pond price with this. I'd say 20-25k if it was mine. Btw I love those cars. Nice bird.

[FlyDoc]

to replace it and have a shop do it, I would go 30-35,000.
lets say you house burns down (I hope not!!)
you would not be in the position or have the time to replace it. so you would want to have to it done, and that would cost that much to have a good shop do.

[Jim Nilsen]

I highly recommend getting an appraisal.For the money it helps you from not getting what your car is worth and it lets you really know what someone else thinks its worth.
The only way I could get an agreed upon policy is with an appraisal from a certified or agreed upon appraiser.
Insurace is a game and you only lose when you underpay and underinsure.

Good luck and that is one nice car.It should go 15k to 25k depending.

[trapin]

Haggerty sells "Agreed Value" policies. That is what you want for you car.

"Stated Value" is somthing different. YOU DO NOT WANT A "STATED VALUE" POLICY FOR YOUR CAR.

Do some research on this site and you will learn the difference between the two.