964 insurance valuation

[clockworks]

I've owned my 964 for 3 years now, and I've just been adding a bit each year to what I paid for it as the agreed valuation. I'm wondering now if my figure has got a bit out of line with what the car is actually worth, as prices have gone silly recently.

It's a 1992 C2 coupe Tip, slate grey, with black interior. It's pretty much standard (D90s, flags, sunroof), apart from a replacement steering wheel, and uprated speakers/headunit, and a new rear reflector unit. I have the original steering wheel, and the original D90s. I bought a spare set, and had them refurbished in anthracite. I have also fitted a decent alarm/immobiliser.

The car was originally sold in Japan, imported into the UK about 7 years ago, and I am the second UK owner. Both times, it was sold by Adrian Crawford.
It has done 30k miles since being in the UK. It came with the original Japanese speedometer, which is showing about 50k kilometers, so the total mileage is around 60k.
No advisories on the last 3 MOTs.

The car appears to be rust free, apart from the tinware. There are no leaks. It has had some paint over the years (front wings and luggage lid), but bodywork appears original. The interior is in good, original, condition. Everything works, including the aircon.

I've looked in several places to see how much 964s are being advertised for, but there aren't an awful lot of tips for sale, and even less with such a relatively low mileage.

What should I value it at for the insurance?

[Lensey]

£30k! But it's irrelevant if it isn't agreed value insurance, mine was agreed at £30k last month but after I have the interior and engine done it's going up to £40k at least

[clockworks]

Yes, it is agreed value. I had it at £25k last year, but dealer advertised prices seem to be mid 30s and up now for cars with less than 80k miles.

[Pesty]

Fill this out. He'll want £35 and some details and pics. He will send you a valuation that will be accepted by your insureance company,


http://www.porschevaluations.com/get-a-porsche-val...

[clockworks]

Thanks. I'll bear that one in mind if I don't hear back from Adrian Crawford - I emailed him a couple of days ago.
In the meantime, I've contacted the insurance company, told them I'd seriously undervalued the car. Having checked everywhere that I can think of, I can't find many C2 tips for sale. Dealer prices seem to start at 35k for cars with comparable mileage. That is a seriously scary increase over 3 years.
I'll submit the valuation at 35k, and see what happens.

[FunkySon]

Pesty said:

Fill this out. He'll want £35 and some details and pics. He will send you a valuation that will be accepted by your insureance company,


http://www.porschevaluations.com/get-a-porsche-val...

Another vote, here, for John Glynn. He turned around my valuation request in a couple of days unlike the Porsche Club who took weeks by which time it was too late for my renewal.

Out of interest I didn't go agreed value on this occasion although I have had that before. Given the rising market and the availability of independent valuations it didn't seem like a sensible option.

Duncan

[clockworks]

I did wonder whether fixing an agreed value was a good thing to do in a rising market, but I was worried how the market value would be determined in the case of a total loss. There are so few lowish mileage C2 tips for sale now, who's to say what mine is worth if it gets stolen?

For me, a guaranteed price is better than the lottery of a valuation after the car has gone.
In a way, I wish the market was flat.