Insurance valuation on a 1996 Supra TT

[rider]

Insurers are unlikely to ever pay out any more than you insure the car for and I'm beginning to wonder if I have my car a little under insured at £5,000. The car is a near show condition 1996 TT in white, 6 speed manual. I've owned the car since 1998 so I've put it through every MOT which, incidentally, it's always sailed through.

 

The car runs as well as I remember it did in 13 years ago. Mileage is 99K though it's pretty much been my second car for the last 8 years so only does about 4,000 a year. So, with full synthetic oil change every 4K miles for a good few years now it really should be running well.

 

The car is a grey import model.

 

Seeing what peeps are looking for similar cars I'm wondering if I may need more like £9,000 to guarantee an equivalent car. Does owning the car for 13 years add value were I looking to sell it on?

[Josh]

I'd assume having all the MOTs and having owned the car for so long would go a long way to getting a good price if you came to sell it.

 

I think when it's time to renew, I need to have a look at getting an agreed value, even if it costs a little more. Just in case.

[Westy]

I'd say around £9k bud

[bignum]

There aren`t many insurers that will do the agreed value nowadays, but rider i`d tell your insurance co its worth 10k.

[Abz]

[keener]

My '97 TT J-spec import is stock and insured for £8.5k. When I had an accident the insurance company confirmed the spec and then authorised £6.4k of repairs. As they normal only authorise up to about 80% of the car's value (I think) before they write it off I reckon that value is about right or they wouldn't have authorised the repair.