KBB / NADA values vs. Insurance Coverage
#21
I have been using Grundy for almost 10 years. No complaints as of yet but the car is rarely driven; I think I put 50 miles on it in about 3 years. I have a 2001 SS with 20K miles and pay about $330 a year. The price goes up every year, I believe I was paying around $260 when I first got it. There is no mileage limit but you need to show proof it's garage kept and send in pictures, typical collector car insurance stuff. This was 10 years ago though so it's possible that some of that has changed. I have an agreed value of $20,000 but I have been meaning to go over my policy again and adjust as necessary.
#22
#23
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...Lots of those guys are "I don't really want to sell it, but for stupid money I'd sure let it go" types. The problem with listings like that is: lots of guys use them to base the worth/value of their own cars when they decide to sell.........without realizing how absolutely comical the price is. Or without taking into account that those cars go years without selling, if they ever actually sell at all (for the listed comical price). That's why you see rolling junkyards in Craigslist for ridiculous prices captioned "don't try to lowball me, I knows what I gots".
Those folks who state "I know what I have, no low ballers" often ask the craziest prices of all. If they actually knew what they had, then they would price the car in a range that might actually get it sold this century. Otherwise, all they are hoping to do is essentially win the lotto.