No, it was a "special edition" Lexus IS300. Their offer was double what I paid for it. Took it and ran.

 

Yes, I just spoke to a Hagerty agent, putting my Vert and Twin under them would save me about $350 a year.
Have you had any gotchas with them?

Also, have you used this "Concierge" service they have? What do you think of it?

 

Yes, this rings true with me too. I would love to grab two suitcases (carry on size), throw them into the trunk of the Vert, and head across country with my GF. I think for the Vert, I wouldn't have many concerns, but for the TT, I wouldn't know where (if anywhere) I could take it if there was an issue - certainly not most Mazda dealers.

 

Call Hagarty - or do an online quote. They will ask you how you intend to use the car... And from what I was just told by an agent, the mileage is not an absolute.

 

The term they use is "fair market price". In essence, the insurance is on the hook to provide you with enough money to replace the car with one in similar condition. This doesn't apply to aftermarket components such as wheels, stereo, mods. So if you want the insurance to pay for those extra items then you need to pay for them as part of your insurance premium. Note that this applies to regular car insurance as collector car insurance is based on an pre-agreed value.

 

^ You need agreed on value for sure. American Car Collectors is very reasonable and you agree on the value prior to signing the policy. No hassles this way if something happens.

 

no gotchas with them but I have not had to make a claim.

maybe things have changed since I last had to make a claim but state farm uses NADA AFAIK. had to fight with them when my integra got stolen, granted that was over 10 years ago.

For those companies that are using sales history I wonder what they do for cars like the rx7 that may not have any recent sales history

 

Has there been a survey lately on how many there are still on the road - as in registered.

 

I had state farm when my first FD was totalled. I had a payout that I very happy with. They look for cars similar to mine around my area and paid me the average asking price, not sold price. I was also able to squeeze a couple gs out of them for aftermarket parts. Used that money to build my current FD.

 

Things have changed then, they didn't want to give me anything over NADA book for my acura and when i quoted for my z32 they would not insure for value without an appraisal.

 

Obviously I can't speak for each and every instance. But in my experience, insurance companies are the devil and they will try to give you as little money as possible. Meaning if a customer agrees to a lowball it is great for them.

Like you I had a similar issue. In 1998, my first RX-7 had an engine fire that was contained in the engine bay so there was hope that my car might be saved. Hence, I had it towed to my local mazda dealership for evaluation where the service manager told me that it was likely going to be totaled. My response was great now I'm going to get blue book value and wont be able to replace my car. Luckily for me, he told me "no you are entitled to fair market price so don't take any less". Sure enough the insurance company deemed the car a total loss, Their offer was low blue book value (IIRC it was like 5-6K below of what I had just payed for 2 months earlier). I balked and we argued back and forth for a little bit on how that wasn't going to even cover what I owed on the car. Their stance was basically, that's what the blue book shows so that's what it is and if I over paid that is my business. I mustered "But I am entitled to fair market price". I'm not kidding, literally magic words. Just like that she changed her tune and then told me to submit newspaper/autotrader clippings (1998 remember) of similar cars and they would get back to me with a figure. Obviously the reason she changed her tune is because she knew she was in the wrong and the law was on my side.

I ended up getting $200 more than what I paid for my car and I actually have that service manager to thank for that.

Yup with our cars it is just better to avoid all of the frustration and go straight to an agreed upon value

 

Last registration check I saw on the forum had 5,181 left as of August 2019:
1993 - 3,548
1994 - 1,408
1995 - 225

 

I also got agreed value on my policy, I ended up going with Grundy as they gave me a much better quote than Hagerty or American Car Collectors.

​​

 

What's everyone thoughts on Doug Demuro's new auction site- cars and bids, think it will amount to anything? Looks like he's going straight for bring a trailer's clients with his product. He has a big presence in the youtube-auto enthusiast world and is advertising and pushing it hard.

 

yeah, its cool.
good luck doug and sponsors.

lets see if any FDs show up

Doug Demuro bid site

 

I am actually a theft/total loss adjuster for an Insurance company. Most companies do NOT use NADA, KBB or such. We use CCCone for vehicle valuations, they run the specs from the VIN and you can also pull up the OG window sticker to verify all options. They all pull from local market demographics, like your zip code. They also pull comps from SOLD vets, not what people are asking, people can ask whatever amount they want, it’s what the selling price is. They pull from dealerships, trader mags, etc as comps as well.
now for a FD RX7, your not going to get the higher dollar “investment value” if you have a standard policy. If you perceive your FD worth $30k or more, you need to get a specialized policy, they are called a “stated value” policy. This is used for show cars and such. Your placing a value you want the insurance company to cover and they will charge you a policy premium to reflect that. I wanted to get one for mine, but the company i used required the veh to be garaged, and i can’t garage mine all year, winter i store at my Fathers.
also, on a regular policy, we can’t tell you what we’re gone pay for the value of the vehicle until a loss happens and you run the valuation, there’s too many variables that can effect the value, or mileage, conditioning of veh, receipts of work within 1 year, etc.

 

I have an agreed upon policy with Hagerty, my Farm Bureau agent that handles all my other policies set it up. Price is fairly reasonable, obviously hope to never have to find out how it works. On the flip side, I'm in a lawsuit with an insurance company now for a not-at-fault rollover accident that happened to me in January. Work truck and equipment were destroyed. 5 months have passed, lots of bullshit offers, and it doesn't look like we'll setlle any time soon. When you deal with insurance companies you have to beat them at their own game. Insurance laws are so lacking in this country, and insurance companies will fight dirty for every penny. DO NOT skimp on insurance! Insurance companies laugh all the way to the bank.

 

I already have trailering/paddock insurance on my Miata with Hagerty and I tried to insure my FD with them by adding it online. They called and said they wouldn't cover it because I would use it to go to work sometimes. I have 7 vehicles so it's not a matter of mileage but usage. I wouldn't drive it every day but whenever it is nice out but that wasn't good enough. I said never mind and insured it through State Farm with my others but then Hagerty charged me anyways and added the coverage. I had to call and have them refund me and cancel it because I was double covered. I'll probably cancel my Miata policy when it comes due in August. I don't trust my coverage with them because it seems like they don't know what they're doing.

 

Fritz, I think it is time to rename this thread. I suggest "How to value your FD and why it is difficult to sell it for LESS than $25k these days". I'm not sure who all follows the FB groups but anytime an even halfway decent condition LHD FD comes up for sale between $20-25k the seller is overwhelmed with buyers. I think most clean FDs in the 50-60k mile range that are manuals are worth $30k+ now.

 

YEP: https://bringatrailer.com/listing/1993-mazda-rx-7-103/

The FD market has dried up. Get ready for 50k plus prices for nice low mileage examples. Something basic like this could literally be a 50k car in 2 years: https://bringatrailer.com/listing/1993-mazda-rx-7-94/

The FD is the greatest Japanese sports car of all time.

 

The seller of the 93 VR R1 is selling due to a lack of garage space for his new C8 Corvette.

Quote:
"It’s the only car I’ve ever been emotionally attached to, but it’s time to move on. I got lucky and found a C8 and I don’t have room for both."

He's either losing mobility to climb in and out of the FD or he's sick of the maintenance. He's gonna be so mad when the values of these 2 cars switch places.

 

https://www.autotrader.com/cars-for-...ckType=listing

 

^Interesting car. Wonder if it actually has dual oil coolers. Has sunroof on it. I'm wondering if they did the parts swap around at the time of purchase or back in the day or what. Basically it's a non-Bose sunroof car with the R1 seats, spoilers, and strut bar. Also has cruise and the tape/CD player.

For that money they should have the battery lid!

Also they put the WORST exhaust on it. I'd be surprised if the rear valence didn't have melted sections on it.

Dale

 

Oh my!
I guess it can't hurt to try....LOL

 

"Though this RX-7 is a Premium Package (which again, you should know what that is) it does have every option from the highly regarded R2 Package. In short, it s an OEM Premium / R2 Package car. The only one that exists!"

The ad is deceptive. The way that it is written it makes it seem as if the car was ordered that way from the factory. Even if it was, at the end of the day it is just a PEP car with some R-mods... Another thing: The only one that exists? uhm... I have a 94 PEP with some R-mods lol

I suppose all he needs is one sucker to bite.