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I've been insured with State Farm for decades but I live in Illinois and State Farm doesn't do agreed-value insurance in IL, so I put my 911 and other old cars on classic policies with American Collectors. With them, I simply described what my car was like (it's modified, but not as much as yours is) and gave them the value I wanted it insured for. They thought that was a little low and suggested I add $5k. They appear to be working off of a value guide - I also have my BMW E12 insured with them (it's also modified) and they wouldn't go above what I paid for it.
I'd probably start with figuring out what you think the replacement cost would be - e.g. buying another one like it - and giving them that info based on comps.
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'80 SC Targa
Avondale, Chicago, IL
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