Market Value Of A Car

Home/Market Value Of A Car

Market Value Of A Car

This term is used to determine the amount for which to insure your car.

It is derived from a handbook called the Auto Dealer's Digest.

The simple equation is:
market value = trade value + retail value divided by two.

We recommend that you insure your vehicle at retail value rather than market value in case of total loss.

Also consider Credit Shortfall / Top-Up cover if your vehicle is financed.