Old Cars Price Guide

[32Bee]

The latest copy I have of the Old Cars Price Guide is a 2007 version. I'm
wondering if anyone has a more current copy as I need to establish a value
for my 32 5Win Coupe for insurance purpose based on the book's #1
condition. None of my local book stores have any copies for sale.


Peter

[corvette8n]

I have a 2017 edition but I can’t locate it, looks like you can buy a month for under $5., probably cheaper than finding one on eBay.

[nelsb01]

Suggest that you find the most recent issue of Old Cars.
They just had pages with current values (part of their annual price guide update) in the magazine.

[tubman]

The way things have been going, you might be better off just using the 2007 issue.

[Kube]

Originally Posted by tubman

The way things have been going, you might be better off just using the 2007 issue.

Probably more accurate.

I have found that the Old Cars price guide was never even close to reality with my 39 / 40 Fords. In later years, they would simply apply a formula to all listings vs. doing the research required (actual sales) to gain a more realistic estimate of value.

I believe the best way to ascertain value is to do your own research over a number of sales venues.
Do NOT consider asking prices.

[34fordy]

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I have had insurance with State Farm for over 60 years. While I have never owned a show car of immaculate restoration, I have never been denied insurance on the value I wanted coverage for. It has always had more to do with the amount I have invested than a value that I presumed it would sell for. I believe that is why I buy insurance, to cover my loss if something should happen. To my simple thinking it makes it quite easy to determine a value.

[TJ]

Originally Posted by Kube

Probably more accurate.

I have found that the Old Cars price guide was never even close to reality with my 39 / 40 Fords. In later years, they would simply apply a formula to all listings vs. doing the research required (actual sales) to gain a more realistic estimate of value.

I believe the best way to ascertain value is to do your own research over a number of sales venues.
Do NOT consider asking prices.

100% correct.

[FortyNiner]

Originally Posted by Kube

Probably more accurate.

I have found that the Old Cars price guide was never even close to reality with my 39 / 40 Fords. In later years, they would simply apply a formula to all listings vs. doing the research required (actual sales) to gain a more realistic estimate of value.

I believe the best way to ascertain value is to do your own research over a number of sales venues.
Do NOT consider asking prices.

X2. The only alternative worse than the price guide is an appraiser's opinion.

[Drbrown]

When I bought my '47 my insurance company required a written Appraisal from a certified- qualified person. I got one from a national ford contest judge that lived near me. Had to pay him a small fee but was worth getting an accurate value.

[32Bee]

Thanks to all of you for your suggestions. I've been involved in the process of transferring
my vehicle insurances into the hands of a local State Farm Agency and I will mention
several of your comments to the agent I'm dealing with.

Peter

[TJ]

Compare the State Farm rates to Grundy or Hagerty. I think you find a huge difference as State Farm rates have skyrocketed. I've been using Grundy for a long time on my old Fords and their rates are about 50% cheaper than State Farm. I use State Farm for my newer cars and the rate on my 2014 F-150 has almost doubled this year. I live in California so that is also a problem.

[34fordy]

Hey Tom,
I compared my SF rate to Hag just now. After deducting the Hag $70 fee their quote was 20% higher than what I am paying for the same coverage. Living in the cold Midwest winters has an advantage I guess. LOL

[Seth Swoboda]

I have had the opposite experience. I have had Grundy and Hagerty. The regular auto insurance folks wanted to insure the car like it was a daily driver. The cost was much higher with them.

[tubman]

Originally Posted by Seth Swoboda

I have had the opposite experience. I have had Grundy and Hagerty. The regular auto insurance folks wanted to insure the car like it was a daily driver. The cost was much higher with them.

This has been my experience as well. Over the years, I have run into several people who do not really understand collector car insurance. I told one guy with a Prowler about it, but when they balked at his request of an agreed value of $85,000 for it, he got mad at me. I had an elderly neighbor who had a very nice low mileage '70 Mustang he had bought new. I suggested that he could save a lot and get better coverage by going to a collector company. When I talked to him later, he said that when asked State Farm agent (whom he had been with for years), the guy told him there was no such thing.

To illustrate the difference, I am paying $1200 per year for minimum liability coverage and no collision coverage on my '99 F150, while my policy with Hagerty is $508 per per year for 3 collector cars with a total agreed value of well over $100,000, full coverage with zero deductible. It also includes roadside assistance coverage.

[TomC750]

The yearly premium for my two collector vehicles through Haggerty (total declared value $45,000) is $272, which I think is very reasonable.

[Kube]

Originally Posted by tubman

This has been my experience as well. Over the years, I have run into several people who do not really understand collector car insurance. I told one guy with a Prowler about it, but when they balked at his request of an agreed value of $85,000 for it, he got mad at me. I had an elderly neighbor who had a very nice low mileage '70 Mustang he had bought new. I suggested that he could save a lot and get better coverage by going to a collector company. When I talked to him later, he said that when asked State Farm agent (whom he had been with for years), the guy told him there was no such thing.

To illustrate the difference, I am paying $1200 per year for minimum liability coverage and no collision coverage on my '99 F150, while my policy with Hagerty is $508 per per year for 3 collector cars with a total agreed value of well over $100,000, full coverage with zero deductible. It also includes roadside assistance coverage.

I couldn't help but laugh when you said he thought the value was $85k. What planet is this guy on? Those pieces of s-- are on bring a trailer all the time. I don't recall seeing one go past $20k.

[tubman]

Originally Posted by Kube

I couldn't help but laugh when you said he thought the value was $85k. What planet is this guy on? Those pieces of s-- are on bring a trailer all the time. I don't recall seeing one go past $20k.

Yeah but, he said his only had 38,000 miles!

[Kube]

Originally Posted by tubman

Yeah but, he said his only had 38,000 miles!

Yeah, so $15k.

[TJ]

Originally Posted by 34fordy

Hey Tom,
I compared my SF rate to Hag just now. After deducting the Hag $70 fee their quote was 20% higher than what I am paying for the same coverage. Living in the cold Midwest winters has an advantage I guess. LOL

I'm surprised that the State Farm rate was less than Hagerty. I've used Grundy for years and they also give you a discount rate if you have more than one car. I will say that I have only filed one claim with Grundy due to some earthquake damage to 2 of my cars some time back and they handled the claim excellently. In my case I did have State Farm insuring my old Fords at one point. but the switch to Grundy has saved me a lot of money over the years. The SF rates being higher may be caused because I live in this "screwball" state! LOL

[tubman]

Does State Farm even offer "Agreed Value" insurance? Ever since I was a kid, they had a reputation of being hard to deal with.

If it's not specifically stated as being "Agreed Value" it is NOT the same, no matter what they tell you. "Stated Value" is NOT the same as "Agreed Value".