You can choose to insure your car for its value. But what is its value to the market out there?
The value of a car breaks down to various levels, choose the one that best suits your car depending on the condition, age etc.
Insure your Car for its Value – It could save You money
The main ones are:
- Retail value – The suggested underwritten value or current purchase price
- Market value – The average between trade value and car retail value
- Trade value – A motor dealers average buyback price (lowest of the values)
- Mutually agreed value – This applies mainly to a collector of vintage cars. Including unlisted trailers, caravans and cars by an approved and appropriate source.
You can customise your quote further and add personalised items such as car accessories and sound systems to your policy.
