Hagerty 914 valuations, 9/5/2019 Options

[raynekat]

Ready to get my project car insured, registered, finished up soon.
So got on the Hagerty website to check current valuations.
Thought everyone on 914 World would be interested in the following:

914-6

#1 concours $133,000
#2 excellent 82,000
#3 good 57,500
#4 fair 39,000

914-4

#1 concours $59,000
#2 excellent 32,000
#3 good 15,000
#4 fair 8,200

So that's definitely food for thought.
Mines a 914-6 conversion that is somewhere between #1 and #2 and somewhere between 914-6 and 914-4 (but closer to 914-6 w/o the six VIN).
Should be fun coming up with a "stated value" for my insurance coverage.

We have an excellent appraiser close by that is knowledgable about Porsches and especially modified Porsches, so I will likely drive down and drop the car off so he can come up with a reasonable valuation after I have come up with a "baseline" valuation.

[DickSteinkamp]

I have found Hagerty valuations to be on the high side. I suspect they use their data base of insured cars to determine their values (or at least as one factor). We generally over insure our collector cars since it is inexpensive to do so, and we proudly feel our car is worth it. (IMG:style_emoticons/default/smile.gif) . Since we often use their valuation guide to insure our cars, Hagerty's high valuations also help keep premiums up for Hagerty.

I'm suspect of appraisers. They know who their customer is and will try their best to please them. They will generally find out what YOU think the car is worth and then come close to that (they borrow your watch and tell you what time it is (IMG:style_emoticons/default/dry.gif) ). If they gave you a number that was far lower than yours, you would not give them a good recommendation.

The best value guide is actual sales (or the "bid to" amount if the seller has valued the car more than the market values the car).

Here are 116 914 sales on BaT.

I haven't found a way to pull out 6 conversions or other specifics, but the pool is small enough to find them manually.

I'd also be careful on how you "rate" your car. We tend to over rate cars (ours and others). Hagerty insures the first four numbers in this chart. Unless you plan to never (or seldom) drive your car and transport it to shows in an enclosed trailer it is probably not a 1 or a 2.

Again, collector car insurance is relatively cheap. It would be interesting to know how the market values your car, but for insurance purposes I would try to get as close to what you actually have in the car as possible. (many of us do, which probably helps drive up Hagerty's valuations).