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MG MGA - Mark I Roadster prices in the UK

My motor insurance is up for renewal and this is my opportunity to update the Agreed Value if I think it needs to be adjusted. Prices have apparently been rising in recent years and the last indication I saw was £18k for a fully restored Mark I Roadster, but this was in 2009. This is probably through a dealer and £15k is probably more like it to replace a good roadster privately. What's the consensus on values at the moment?

regards and Safety Fast!

Jason
Jason Ogelman

Hi,
A decent car should have an agreed value of at least £25000 in my opinion.

Phil
p parmenter

You would be hard pressed to find a good car for less than around £17500 privately - same car from a dealer around £20k. Show cars are £25k+
Cam Cunningham

The approved agreed value for my 1960 Mark 1 Roadster in 2011 was £18k. For my insurance renewal last week I was required to return an agreed value form together with six recently taken colour photographs. It appears that my insurance services company (Adrian Flux) ask me to do this every 2 years. With prices continuing to rise I have asked for an agreed value of £22k. I expect to receive an acknowledgement & approval of this within the next few days. I will post back on this thread when I receive the reply.

Richard


R A Evans

I went to my first Barrett Jackson auction this year. There were four MGA's crossed the block- all Mk1's. A middle quality driver disk-wheel red roadster went for $22k. It was nice but nothing special. A red slightly nice wire-wheel roadster went for $33k. Mike Hirschman's old 60 coupe (very nice) went for $31k. A nice but not amazing white wire wheel 61 that was listed as a MkII brought $49k. Prices overall seemed reasonable so it seems we are moving up.
Bill

Bill Eastman

Today I received documents relating to my requested revised agreed value. Due to the increased revised value of £22k (was 18k) there is now an additional premium payable of £46.24.

Should I not choose to take this agreed value option, the car would be insured on a standard ‘Market Value’ basis. The insurer’s definition of Market value is – “the cost of replacing your vehicle, if this is possible with one of a similar make, model, year, mileage & condition.” - Probably around £22k!
R A Evans

Definitely a really bad idea not to get an agreed value - your idea of a similar replacement may not be the same as theirs.
p parmenter

This thread was discussed between 29/01/2013 and 05/02/2013

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