What do you think it is worth? State Farm-

[69LM1]

Hi,
I am arguing with State Farm as to what my car is worth. Of course, I think it is worth more than they want to insure it for. Before I go get it appraised, what (ballpark) do you guys think it is worth on the open market?
I need to get some "supporting" data for them to consider anything more than $12,000.00 (which it seems that junk is bringing these days). They want to insure it for $10,000.00 and I would like to see it insured for $18,000.00, especially since there are less LM1 optioned cars surviving than SS 350's.

The car can be viewed at: http://www.nois.net/69lm1/camarolm1.htm
(three large pics)

It is a late 68 produced 1969 Camaro, frame "on" restored. It is super original, to include the factory smog system and the reverse lockout (usually the first things disconnected). It is it's original "Hugger Orange". It has the rare (ok, not CoPo rare, but not common either)LM1 350 option, which as was usual came with the 12 bolt multi leaf rear, tach and gauge package. It still sports the "PBT" stamps on the firewall. Although the trim tag does not show deluxe interior, it has the original deluxe interior as well as recovered comfort weave seats. The door panels have the lock holes placed in the further back "68" placement supporting their being original. Another unusual original feature of this car is that it came from the factory with the spoiler option, but being late 68, it got the 68 "short" spoiler installed (It has the 1 larger supporting "rod" in the trunk). The unusual item is that it also has the rear installed antenna! Normally, the rear spoiler will not work with a rear mounted antenna as the spoiler would hit the antenna every time you opened the trunk. With the 68 short spoiler, the spoiler passes the antenna just fine. The only thing I have left to do is to install the dash pad and

I have added three things that are not original to this car:
1. Fold Down rear seat (correct Camaro short seat, with arm rests and metal extensions)
2. SS Hood (A real one, not a repo)
3. Hockey stick stripes (painted, under the clear, not stickers).

Please no "Well, whatever the value is to you" sort of thing. I am trying to get a fair idea of what the replacement market value would be on this car for the insurance company and want to make sure that I am not being unreasonable as to the value I think it is worth.

Any opinions?

Thanks in advance,

Rich

[Unreal]

Don't go to stater farm, they do not have the right kind of insurance. Go to one of the collector car insurers like Hagerty, Grundy, Condon and Skelly. They will give you agreed value insurance which is not depreciated.

[69LM1]

Can you get insurance from them that lets you drive the car anytime you want? It was my understanding (presumption) that they severely limited you (back and forth to shows, xx miles per year etc) on usage. I would like to be able to take the car out anytime a nice day comes around (and when I do not have to go into New Orleans to see a client or I *know* I will be needing that insurance ) or just to drive to the coast with the family on the weekend.

[SS4Real]

That is very good advice. As long as your car in not a daily driver, specialized insurance companies like Hagerty will give you great coverage and a much lower rate.

[sYc]

One of our site sponsors is MK Collector Car insurance CO, (logo at top of page). Give them a call at 866-695-2774, I am sure they will treat you right. And, by the way, do not forget to mention the sYc.

[Belair62]

HEY...........call our sponsor M-K at the top of the page for cryin out loud...she is pretty awsum...ask for Tammy...website not up yet but if you hold your cursor on the logo her number pops up....try her out.

[69LM1]

OK,
I'll try her. But:

1. Can you drive the car anytime you wish with these types of insurance? OR are you restricted to shows?
and
2. Any ideas/opinions on worth for my 69?

[Rick H]

I had no problems getting the correct and proper insurance for my 1967 Camaro RS through State Farm. They required an appraisal and pictures of the car. It was very easy and they insured the vehicle for the appraised value.
Some of the other classic car insurance places placed to many limitation on what, when, where and how I could drive my car. Although I drive it less then 2000 miles a year, I wanted the freedom to drive it when I wanted and State Farm had just what I needed. They also have the same type of insurance the classic car places have, just ask them for what you want.

Rick H.
67 Camaro RS
65 Biscayne

[Mr70]

I think your Value of 18K is reasonable and fair for both parties.But that is my opinion here,these things are priced differently in other regions of the country.Easy to understand if your agent feels differently about your Valued price.
I Have been with State Farm for my Chevelles insurance Since they started offering Antique car insurance in 1997.I was with American,but I did not like them.
I submitted an Amount I felt it was worth,with out any Appraisal.They looked at the pictures,and also Agreed with me.Yes it is an Agreed amount,so no Surprises if something happens.Mine does have IL. Antique Plates,and I am Limited to Only Carshows and Parades,etc.No Errands or Joyriding Late at Night.Plus the fact I have everything else in My Life insured with them,means a significant discount.
I Like Them,and my Personal Agent.

[hvychev]

I also have State Farm for my collector vehicles but will be changing soon. I personally think that they are to expensive for these types of vehicles and I am not to crazy about them anymore although I do like my agent. I am going to go with either Hagerty or MK.