What is the insurance value of my used car?

Answer by  Rubberchicken (819)

First, ascertain if you have physical damage coverages on your car (comprehensive and collision). If so, call your insurer to ask about how they value cars in total losses. If, for example, they use NADA, check that source for the retail value and you will know the insured value.

Answer by  flamiss22 (5081)

It all depends on several factors. They will use the Kelly Blue Book value coupled with the exact condition and any kind of wear and tear that has actually happened to the car. Also used to determine is your occupation and if your car is used as a work vehicle.

Answer by  RAJINIVARMA (140)

The insurance value of your used car is The total value - 1st year depreciation 2nd year depreciation how many years used

Answer by  Sylvia (759)

Vehicles are generally covered under the actual cash value based on the year, make, model etc. Unless it is an antique auto you are unable to determine a specific value.