It is nearly time to renew my insurance and I have been trying to work out how best to decide on an arranged value. As there is no real book of valuations that would include our cars would the best way be:
1. Prior sales, although most cars that appear are projects,
2. Money invested, although if its a hobby rather than an investment a loss would be more acceptable,
3. Opinion of others, Is asking around to see what people would expect to pay a valid gauge of value.
4. A bit of a guess?
Some of you may know my car, Red Mk3 Cabriolet with gold wheels. It has the suspension turret mod on the front, shiney engine bay quite clean in general. I would guess at £3500-£4000 for insurance. What would others who know of or have seen the car estimate the value to be (Mixture of No.3 and 4 of above list). Richard