what is my car worth?, getting classic car insurance Options

[914 RZ-1]

AAA offered to come by and appraise my car so I can switch from the "normal" car insurance I currently have on my 914 to classic car insurance for the stated value.

I have AAA for all my insurance, so I'm not interested in going elsewhere at this time.

Car is not painted an official Porsche color. It's "Shiny Primer Gray". I did not paint the engine bay or area around the gas tank. The original color was Metallic Silver. All new rubber seals, top has been painted and texture-coated with Wurth's, bumpers are re-chromed, engine is stock 1.7L (the only mod is Pertronix ignition), I have a side-shift transmission and recently re-built the transmission, interior is nice, except I have a dash cover hiding some cracks. I have later doors. Heater works, too!

I've posted some pics. Let me know what you think I should use for stated value.

[914 RZ-1]

A few more pics:

[Coondog]

I would insure it for 25,000. I to have AAA but they gave me a super high quote.
Call American collectors Ins. You set the amount you want insured. No insp no stupid rules.
888-451-2858

[windforfun]

What's the actual mileage? How's the rust?

[914 RZ-1]

What's the actual mileage? How's the rust?

Don't know the actual mileage. Speedo was busted when I got it. I'd seem to remember about 30K; I'll try and dig up the old speedo and see.

Car was in a garage for about 20 years from what the seller told me. It was an uncles who bought it, drove it, then died and left the car in a garage. The seller got it running and sold it to me.

Hell hole is in great shape. It does have a fabricated battery tray, though. I had a little at the back of the rear trunk that I grinded away. No major rust anywhere else, that I've found, and I've gone over the whole car because I prepped and painted it myself.

[914]

Go to the Haggerty site,you can value your car there..Guarantee value policy.. Ive had both of my 914's Insured there for years..Good Luck..
914/Alan

[burton73]

Your car is looking very nice.

Porsche did have that color in early 911 like 67

Good luck on the insurance.

Best regards,

Bob Burton

[Larmo63]

I'd try for $20K or more.

No reason to sell yourself short.

[Triaddave]

One word: HAGERTY. They just posted the values of our cars depending on condition of coarse. easy to read. And they will insure at any value you want...

[eric9144]

~$25k ish to be safe--I have AAA classic and it's about $145 a year @ that agreed value

[914_teener]

Oh boy, I understand your interest in not going anywhere else but......

I did the same thing and AAA came over to inspect my car for agreed value. The guy never showed up. Finally after playing phone tag he met me at my house.

First, like Haggerty's it needs to be in a locked garage. Next he inspected the garage to make sure there were no "bowling balls" in the rafters. We discussed value an I wanted 20k. He said no problem.

2 weeks went by and the policy was set to expire the next day and still no offer to insure the car. When I called that day to find out what happened they claimed the agent had entered notes saying the car would be insured for 15K agreed value.

I hung up the phone and called Haggerty's. NO problem they wrote the policy that day for 20K stated value.

Just my experience. If I didn't know any better they played me to the last minute.

Good luck.

[colingreene]

Id say 20k min, it looks to be a really nice well sorted car and thats getting harder and harder to come by these days.
my 911 is insured for 30 but im thinking about bumping it up...
Hagerty was fairly reasonable.

[infraredcalvin]

I’d find it hard to believe an appraiser for AAA is going to get to 20-25, especially when Hagerty values 8-13.5k for a good to fair car, which looks like your car falls within that range.

That being said if you can push it up you should. As one who just got rear ended in my street/race car with agreed value of 15k, I’m worried about them totaling my car. Even though I’ll be ahead from what I bought it for, in no way could you recreate the car for under 30k+. Salvage value+repair cost is what comes into play on an agreed value car. So I want the salvage value to come in low so it gives more room for repair costs to come in high.

On the other hand the vehicle at fault insurance company wants to come out a appraise (before accident value) my car so they can give me a settlement/repair offer. In that case I want it to appraise for as much as possible.

[euro911]

I would insure it for 25,000. I to have AAA but they gave me a super high quote.
Call American collectors Ins. You set the amount you want insured. No insp no stupid rules.
888-451-2858

What are the mileage restriction and grocery-getting rules from Hagerty?

[914_teener]

I would insure it for 25,000. I to have AAA but they gave me a super high quote.
Call American collectors Ins. You set the amount you want insured. No insp no stupid rules.
888-451-2858

What are the mileage restriction and grocery-getting rules from Hagerty?

You state the miles that you think you will drive. It cannot be a daily driver or "groceey getter".

[914_teener]

I would insure it for 25,000. I to have AAA but they gave me a super high quote.
Call American collectors Ins. You set the amount you want insured. No insp no stupid rules.
888-451-2858

What are the mileage restriction and grocery-getting rules from Hagerty?

You state the miles that you think you will drive. It cannot be a daily driver or "groceey getter".

[914 RZ-1]

I discussed insuring it for $20K with the agent. She told me they know people with classic cars put way more care and money into them than what they are supposedly worth at fair market value and they take that into account.

They came out to inspect it with no issues. I took the same pictures I saw the inspector take.

I'd argue it's worth at least $16-$20K. I'd say it's slightly nicer than the Hagerty value, but I would say that wouldn't I? (IMG:style_emoticons/default/smile.gif) I say $13.5K is too low. Everything works, it's nice inside and out and I haven't made any major mods. There are currently a few 914's in the LA area for sale at $17,000 in CL.

AAA has a mileage max of 1,500 miles per year. I told her I've driven it about 5,000 in the past 3 years, with the car being off the road for one of those years. That's 1,700 to 2,500 miles per year. I drive it a few times a month to warm up the oil and keep everything from drying out. She told me to keep it as close to 1,500 as possible. What's the point of having a bichin' car if you can't drive it? (IMG:style_emoticons/default/driving.gif)

[Fatarse]

Another vote for Hagerty. I had mine insured for $20k and figure I could bump it up as my car gets closer to road worthy condition.

[burton73]

If you go past the mileage that they say, they do not have to make good on a claim. Or let me say they can dispute it. More miles more risk they take. The odds of a classic car getting totaled in 1500 miles is much lower than 10,000-12000 miles a year. Classic insurance is a big money maker for the insurance companies

Bob B

[burton73]

Another vote for Hagerty. I had mine insured for $20k and figure I could bump it up as my car gets closer to road worthy condition.

(IMG:style_emoticons/default/agree.gif)

Bob B