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jimbetter

Hi
I have a 2003 Peugeot 206 - 1.6l, 5 door, 110 thousand kms.
State Insurance value it at $9,250 which seems high to me.
Any advice on how I find out what it should be valued at for fully comp insurance and any pitfalls if I don't accept their valuation.
Thanks Steve

Anon

Hi Steve,
Our book value suggests a value around the $7500 mark. However I have spoken our insurance department and they have ensured me that the premiums are calculated on a lot more than just the vehicle value. For example if you were to add 10k onto the vehicle price, the premium difference is only around $7. It is basically what it would cost the insurance company to replace your vehicle.