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Thread: Insurance Agreed Value?

  1. 7th April 2025, 08:33 PM #11
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    V8Ian
    V8Ian is offline Super Moderator
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    Interested article on the news today. Seems three weeks before renewal date is the sweet spot for quotes, with no no rush into signing, 10%+ can be saved.
    Market value is what a dealer will pay, not replacement cost.
    If you don't like trucks, stop buying stuff.
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  2. 8th April 2025, 07:33 AM #12
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    MLD
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    Quote Originally Posted by V8Ian View Post
    Market value is what a dealer will pay, not replacement cost.
    which dealer price? Trade in, wholesale, or auction? Each are materially different in $ value due to the different value propositions for each.
    MLD

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  3. 8th April 2025, 09:24 AM #13
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    Market value is what you would pay in the market for a similar vehicle.

    Market value vs. agreed value – What’s the difference? | Budget Direct


    Colin
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  4. 8th April 2025, 01:38 PM #14
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    scarry
    scarry is offline Swaggie
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    One of my brothers has his D1 insured agreed value, $5K.

    A year or so ago someone ran into the rear and pushed it into the car in front.
    The repair quote was $3K.
    He fixed it himself,the insurance company paid the $3K.
    It is now insured agreed value at $5K.

    Although he didn't need a new front bar,he fixed the old one and gave it a paint,surprisingly ARB had a suitable bar in stock.
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