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Car value for car insurance

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  • 26-01-2017 10:36pm
    #1
    kh8
    Registered Users Posts: 164 ✭✭


    hi insurance company ask me whats value of my car can i put couple of grand over the market value as in the event of a claim theyll only give market value anyway


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    #2
    Atlantic Dawn
    Registered Users Posts: 82,791 ✭✭✭✭Atlantic Dawn
    M


    No point in putting more than the market value. A good guide would be halfway between the most expensive and cheapest on sale privately.


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    #3
    kh8
    Registered Users Posts: 164 ✭✭kh8


    Atlantic Dawn wrote: »
    No point in putting more than the market value. A good guide would be halfway between the most expensive and cheapest on sale privately.

    with some companys it will drop couple of hundred if a put bigger price on cars value


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    #4
    yannakis
    Registered Users Posts: 1,386 ✭✭✭yannakis


    kh8 wrote: »
    with some companys it will drop couple of hundred if a put bigger price on cars value

    Will the premium drop if you put higher value??? :confused:


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    #5
    biko
    Registered Users Posts: 81,220 ✭✭✭✭biko


    Why would you though. The car will be judged on its current value in the event of a collision. Rating car more or less valuable than it is right now will only get the insurer to think you're up to something..


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    #6
    colm_mcm
    Registered Users Posts: 73,459 ✭✭✭✭colm_mcm


    NougatPlease wrote: »
    Will the premium drop if you put higher value??? :confused:

    Yes. In some casss. Some companies load cars that are worth less than a certain amount.


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