When you apply for comprehensive cover, we'll ask you to nominate an agreed value.
The Agreed Value of your car is the amount we agree to insure your car for. The agreed value is valid for the term of your car insurance policy and is shown on your current Certificate of Insurance. This amount may change with each renewal.
In some cases, we may refer to the Market Value of your car. In this case we take into account the age, make, model, conditions and kilometres travelled by your car and may consider industry publications to help determine the amount. The amount does not include any registration costs, stamp duty or transfer fees or allowance for dealer delivery.