73 Duster value for insurance purposes

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1973dust

FABO Gold Member
FABO Gold Member
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I have been trying to compare cars I find for sale to come up with a fairly accurate value for my car to make sure I have it valued high enough. I would value opinions from this forum as I think I'm low but not sure. I am absolutely not searching for a value for purposes of selling. I currently have it insured for 12500 thru Hagerty. I've included a few photos mostly because I know you all like pics. I would describe it as a decent driver-quality mild resto-mod. It is a 73 Duster that was originally gold with a slant 6 (blown up) and automatic. I'm not sure that the finer details are really important for a replacement value but I'll try to give a detailed description of the car anyway. I would generally say that my fit and finish could be improved basically everywhere.

Body:
The undercarriage is extremely clean and solid. No structural rust repairs have been performed or needed. I had to do the normal front fender patches at the top front and lower rear of both fenders. Both quarters are starting to show some small bubbles in the lower rear section that will have to be dealt with eventually. All glass is original. I feel that my amateur bodywork is much better than my amateur paint. It's a non-Mopar yellow base/clear with many flaws but I feel it still presents well as a driver. My honest opinion is that one of you more-hardcore members would have to repaint it to be happy with it. The back bumper is a new reproduction and the front is the faded dinged-up original. All lights, grill, door handles, etc are decent driver-quality. I have never finished the trunk interior and, obviously, my under hood and door jambs are black. Please don't hunt me down.

Drivetrain:
318/904/2.76 geared 7 1/4 from 74 Valiant donor. Approximately 50000 miles on all from factory. The engine is stock original bottom end with Performer intake, 1406 Edelbrock carb, K6900 Summit cam, double roller chain, recurved distributor, and duals off the stock manifolds. Runs very well but does have a constant rear seal drip. I would guess it's probably a mid to high 15 second car at best. And yes, that is an early seventies big-block dual snorkel air cleaner on top. It's what I had.

Suspension:
Front suspension is all new except for idler and pitman arms. 1.03 torsion bars, Pro-forged tie-rod ends and ball joints, Moog offset uppers, Delrin lower bushings with greasable pins, QA1 adjustable strut rods, reinforced k-member and lcas, and Hellwig front sway bar. Rear leafs are stock from the donor car and it has Bilstein RCA's all 4 corners. The wheels are 17 x 8 from a 2005 Mustang. Factory manual front disc/rear drum brakes from the donor car.

Interior:
I've never got around to completing the changeover from gold to black. The dash and headliner have been repainted and the black carpet is new. The front seats are from an early 2000's Neon with the rear seat being original. The steering wheel is a reproduction Tuff wheel. The passenger side sail panel is missing.

Electrical:

Basically stock except ignition and headlight power are both using relays. Everything functions except for gas gauge. It's one project I've just never got around to.

Thank you to anyone that chooses to put in their two cents.

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Thanks, I didn't realize they had a valuation tool. I'll look at that and I do need to add the cherished salvage rider.
 
I had Grundy on my Lancer Wagon.
Get them to quote costs as you increase the value of yours.
My insurance was cheaper at 20K than they quoted for 15K.
 
Someome correct me if im wrong here, but my understanding of classic car insurance is that it differs greatly from regular car insurance. Im thinking they arent going to fight you over your cars perceived, or "current" value like regular car insurance does. Along those lines, your thought process should really be "how much do i want to spend to collect X amount of dollars in the event of a loss of my classic car"?? Its not so important to know what the car is worth, cuz they arent going to fight you on it. Does that make sense? And am i thinking incorrectly?
 
Someome correct me if im wrong here, but my understanding of classic car insurance is that it differs greatly from regular car insurance. Im thinking they arent going to fight you over your cars perceived, or "current" value like regular car insurance does. Along those lines, your thought process should really be "how much do i want to spend to collect X amount of dollars in the event of a loss of my classic car"?? Its not so important to know what the car is worth, cuz they arent going to fight you on it. Does that make sense? And am i thinking incorrectly?
You're pretty much correct. I've heard that crazy high numbers might trigger 3rd party assessment, etc. For the most part, I think you can run your own numbers until they twitch. .
 

The best way to know the value of your vehicle especially for insurance use is to have it appraised. My guy spent a good hour climbing all over my car and taking notes and pictures as I told him what had been done to the vehicle. About a week later, he brought me a nice folder with his evaluation inside. His appraisal even came in higher than I expected. It was definitely worth the $250 I paid him.

Try going into court and saying "a bunch of random people on the internet said my car is worth $XXXXX" versus taking in an appraisal from a certified appraiser.
 
Someome correct me if im wrong here, but my understanding of classic car insurance is that it differs greatly from regular car insurance. Im thinking they arent going to fight you over your cars perceived, or "current" value like regular car insurance does. Along those lines, your thought process should really be "how much do i want to spend to collect X amount of dollars in the event of a loss of my classic car"?? Its not so important to know what the car is worth, cuz they arent going to fight you on it. Does that make sense? And am i thinking incorrectly?
You are correct I have Hagerty for my duster and I can Insure it for whatever I want its called an agreed on value.
 
Thanks for all the replies, guys. Hagerty valuation tool says 14900 for 318 Duster in good condition and 26000 for 340 Duster in GC so it looks like I probably can up the agreed value some if I choose to. I've done everything myself over the last 20 years so it's not like I would be horribly damaged financially even if I only received the 12500 on a total loss.
 
Someome correct me if im wrong here, but my understanding of classic car insurance is that it differs greatly from regular car insurance. Im thinking they arent going to fight you over your cars perceived, or "current" value like regular car insurance does. Along those lines, your thought process should really be "how much do i want to spend to collect X amount of dollars in the event of a loss of my classic car"?? Its not so important to know what the car is worth, cuz they arent going to fight you on it. Does that make sense? And am i thinking incorrectly?
You are correct. It's called "stated value". There is no depreciation involved like with a normal insurance company. You tell them how many miles you expect to drive per year, how much you want if the car is totaled or stolen, and where you store the car. Hagerty's insurance is cheaper if you keep your car inside a garage. I've used Hagerty for almost 3 decades and they currently insure 8 of my cars. I am also a Hagerty Driver's Club member and they tow my cars all over the place for me. Unlimited 100 mile tows anywhere I want a car towed. AAA is only 3 or 4 tows per year and only if you're broken down on the road, and then they only tow to your home or a repair shop. Hagerty's has saved me $1,000"s
 
YUP AAA left my sister stranded on the side of the road in a snowstorm because the conditions were too bad I immediately canceled my policy with them and will never give em another dime. everyone says I have triple A and the tow wont cost me anything but they have been paying for it for 20 years... how does that work I dont break down much.
 
YUP AAA left my sister stranded on the side of the road in a snowstorm because the conditions were too bad I immediately canceled my policy with them and will never give em another dime. everyone says I have triple A and the tow wont cost me anything but they have been paying for it for 20 years... how does that work I dont break down much.
Perfectly sane decision for any towing company contracted by AAA to not venture out into a snowstorm and just become an additional stranded vehicle. For most people not in a snowstorm can benefit from some kind of towing insurance, which is all AAA is. Most of the insurances I pay for are for peace of mind and my hope is I never have to use them. Hope your sister was in no way injured by not getting towed.
 
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