What is market value?

The market value of your vehicle is the price we think your vehicle would have sold for right before an incident happened.

To work out the market value of your specific vehicle, we look at your vehicle’s make, model, specification, age and mileage as well as other information. 

In most cases, we base the market value on multiple industry-recognised guides, adjusting where appropriate to reflect the price the vehicles actually sold for. These guides are used across the motor industry and provide prices for the majority of vehicles.