evaluation help - stripper E90 M3 - (for agreed upon value policy)

[911r]

Hello all,

First off, I apologize if I posted this in the wrong section. I'm switching my insurance policy over to Hagerty and they offered me an agreed-upon value policy, I'm seeking help valuing my car. I've also considered selling my car for an E92/F80 but as soon as I think of that I automatically feel incredibly guilty, so I'll put that issue on the back burner.

More details can be found below. Just recently I saw a slicktop E90 with ~85k miles sell for $37k, another E90 M3 with around the same miles I have on my car was also just listed for close to $30k. I honestly have no clue where the market is at.

Specs/Car:
2009 E90 M3 - 3rd owner
Alpine White
Cloth Interior
Single Hump (no navigation)
DCT
~105k miles (subject to change)
Exterior: 8.5/10
Interior: 8.5/10

Maintenance:
- Rod Bearings, oil pan gasket, etc. done @ MRF (~98k)
- OEM Engine Monuts (~98k)
- OEM Transmission Mounts (~98k)
- OEM Exhaust Hangers (~98k)
- OEM Differential Bushings (~98k)
- Refurbished OEM Driveshaft, with new center support bearing (~100k)
- Flex Disc / Guibo (~100k)
- Diff fluid, DCT fluid, coolant, and power steering fluid recently flushed
- Throttle Body Actuators done @ BMW at ~65/70k miles
- Start / Stop button replaced with OEM unit
- Cup Holder trim replaced with OEM unit
- A-Pillar trim piece replaced with OEM unit
- Steering Wheel trim replaced with OEM unit
- Center dashboard trim piece replaced with OEM unit

Modifications:
- KW Clubsports, 672lb springs front | 900lb springs rear
- Hotchkis Swaybars
- SPL front end links
- Hotchkis rear end links
- SPL spherical front control arm bushings
- SPL rear toe arms w/ lockouts
- MRF Engineering Solid Rear Subframe Bushings
- MRG Titanium 82mm studs
- Bimmerworld 12mm spacer (rear)
- Alpine Stage One tune w/ GTS DCT flash

Brakes:
- New hardlines
- BimmerWorld stainless steel lines
- Cool Carbon (ST) brake pads front & rear
- RBF 660 brake fluid

Wheels/Tires:
- 18x10et25 front | 18x10.5et25 rear APEX-ARC8s
- Michelin Pilot Sport 4s, 275/35r18 squared ~1k miles on them

Any help would be much appreciated. I again am sorry if I placed this in the wrong section.

[SnohoRaptor]

My understanding of Hagerty doesn't require this much effort.

I shopped Hagerty when I acquired my E92 last spring. My agent didn't object when I threw out a $45K market value (more then I paid)- which lead me to believe that a "my value" wasn't an issue.
They did require a single premium payment.

I ended up adding it to our primary insurer for less hassle. I may circle back to Hagerty next year as I know most other insurers would low ball my value on a total loss.

[911r]

Originally Posted by SnohoRaptor

My understanding of Hagerty doesn't require this much effort.

I shopped Hagerty when I acquired my E92 last spring. My agent didn't object when I threw out a $45K market value (more then I paid)- which lead me to believe that a "my value" wasn't an issue.
They did require a single premium payment.

I ended up adding it to our primary insurer for less hassle. I may circle back to Hagerty next year as I know most other insurers would low ball my value on a total loss.

Right on! Good to know they'll accept a ballpark. I also (selfishly) would like to know what my car is 'worth' (or what I could sell it for) so I could potentially justify spending further money on it provided it is now worth more than I paid for it—but that isn't the primary reason why I asked a-hah.

As for insurers, that's the primarily reason for why I switched. I know if something ever happened to my car, I would have to struggle to get more than $15k (or whatever) out of them—especially considering they won't take into account the spec, favorable condition of the car, mods & maintenance, etc.

[timothy2001]

I am with Hagerty and SnohoRaptor is correct. I threw out a number for my car for agreed upon value and they said ok. Not sure if a higher number affects premium though.

[bake]

I have Hagerty as well. As long as the number is within "an acceptable range" for a particular model they will accept it. The higher the value you request, the higher your premium will be though. I have a 2013 E93 (which commands the lowest value of all E9x cars) and I insured mine for $35k. I paid significantly less for the car. Also keep in mind as you perform upgrades and the car becomes more rare, you can increase the insurance value.

[Three Pedal Steve]

Declared value is the important element.
Our other car is a super clean, original owner, 1997 Honda delSol vtec. Kelley Blue book values it at $2,500 but I have seen several similar cars on Bring a Trailer go for $12,000-15,000. One even brought $22K. Hagerty let me declare a $12,000 value and I don't have to worry about it any more. Just had to send three photographs.
Plus you get membership in Hagerty's Drivers club and a cool monthly magazine.