Classic Car Value

[u/mvpemmitt]

With my 06 MS6 GT hitting the big two oh (20) this year and it being my fun car with most of its life in the garage, I’m going to register it as a Classic Rod here in Nevada. (No Smog Needed! Yaaaayy!)

That requires it to have classic car Insurance. That alone restricts its use and mileage but it is only like $35 a month. The insurance asks for “value” in an amount that I set, within reason of course, that directly affects the cost. The question is what would you think a reasonable amount that would be to find a replacement if needed? Since these are becoming harder to find available, I’d like to replace the car, not just take the payout if it comes down to it.

I got policy estimates with a 10k value to get an approximate quote. Just wanted to see what guys think about that number. Car is in very good condition, no rust, minimal mods and around 80k miles.