Car daily value for insurance: what does your insurer pay out?
In a total loss, your insurer pays out the daily value of your car at the time of the damage. That is not what you paid for it, and not the list price. It is what the car was worth on the open market on that day.
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Frequently asked questions
Most insurers use a price guide such as the ANWB Koerslijst or Eurotaxglass. That calculates the daily value via a depreciation formula based on the list price, year and mileage. The result is their reference for the damage payout.
Yes. A depreciation formula does not adjust to current market conditions. If demand for your car model is high, the actual market price may be higher than the price guide says. You can look up the market price on Keuro and use it as evidence in a discussion with your insurer.
That depends on the price guide your insurer uses. You can look up the current market price for free on Keuro: enter make, model and year and see the p25, median and p75 of active listings immediately.
You can dispute the daily value assessment if you can show that comparable cars are being advertised at a higher price. Use the Keuro market price as evidence alongside independent appraisals.
See an example
See the current market value of a Volkswagen Golf, a Toyota Yaris, an Opel Corsa or a Fiat 500.
Ready? Look up your car and see what the market asks right now.
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