Best Answer

They use a price guide (NADA, Bluebook, etc.). You can look these values up yourself online or at a library (maybe at your bank, too).

User Avatar

Wiki User

โˆ™ 2015-07-15 18:43:51
This answer is:
User Avatar

Add your answer:

Earn +5 pts
Q: How do insurance companies calculate the value of a car based on its mileage make and year?
Write your answer...

Related Questions

Which insurance companies are based in California?

There are four insurance companies based in California. Accident and health insurance companies include Blue Shield of California and State Compensation Insurance Fund. Property and casualty insurance companies include Esurance and CoverHound.

Which insurance companies are headquartered in Ohio?

There are 256 insurance companies based in the state of Ohio. These 256 companies include American Share Insurance, Westfield Insurance, and Progressive Insurance Corporation.

What car insurance companies calculate car insurance rate based on the drivers safety record?

Most car insurance companies base their premiums on the driver's safety record. This ensures the best possible rate for driver's who can demonstrate a safe driving history.

What car insurance companies are based in Canada?

There are a few car insurance companies that are based in the country of Canada. One of these is Allstate which is a branch of the US based company of the same name.

Where can you get a list of insurance companies based in Tennessee?

From the TN department of insurance website.

What are some car insurance companies based in India?

There are several car insurance companies based in India. Some of these include: United India Insurance, HDFC Ergo, TATA AIG, Bharti Axa, and Oriental Insurance.

Where can one purchase life insurance for seniors?

One can purchase life insurance for seniors at almost any insurance-based companies. Some insurance companies that offer a such plan is American Family Insurance. They are based out of Wisconsin and have been in business for several years!

Why do insurance and garages say a car is only 8000 per yearfor average milage?

Insurance coverage is based on "Risk" and vehical value. The more mileage you drive a year the more risk you are. The more Mileage on your car the less it is worth. 8000 miles is the average Urban resident mileage and that is what most people have their insurance based on.

Which car insurance companies are based in California?

There are many different car insurance companies that operate nationwide. Many insurance companies have offices and headquarters in California. The California Insurance government website has information on Low Cost Programs.

Are there any insurance companies in the US that only sell car insurance for women?

Car insurance companies do not discriminate based on age, sex, or gender. Car insurance companies want to provide customers with the best options for a drivers individual car.

What companies have info on car insurance?

One can find information regarding car insurance from many companies. Sites like ConsumerReports, Investopedia, and local American state based sites all have information regarding car insurance and ratings on insurance companies.

Where can you find information about term insurance?

There are a variety of companies that offered term insurance. You can compare rates among these companies. Term Life Insurance rates are based on the insured's age and medical history.

what insurance companies are based in texas.?

I found a list of over 40 insurance companies based in Texas including State Farm, Allstate, Texas Farmers, Nationwide, Chub Lloyd and Texas Farm bureau

Which companies offer insurance quotes online?

Nowadays most insurance companies if not all offer quotes online. Few of the insurance companies such as progressive and esurance have built their customer base solely based on the fact that they offer quotes online.

Which comparison companies compare vehicle insurance?

There are a few companies that compare vehicle insurance rates based on your profile, car and driving history. Some of these resources include: Kanetix, Rate Supermarket, Insurance Hotline and Car Insurance.

Is HSBC one of the leading insurance companies in the United States?

HSBC is not one of the leading insurance companies in the United States, in fact, it is not even an insurance company. HSBC is a bank based out of the United Kingdom.

Where can I find a list of auto insurance carriers?

This is a list of insurance companies based in the United States. These are companies with a strong national or regional presence having insurance as their main priorities.

What is a Mutual Insurance?

A mutual insurance company is based on the way that the company is formed. Mutual companies are technically owned by the policyholders rather than stockholders. Most of the major mutual insurance companies have changed to being stock based companies. Metropolitan and Prudential are the largest two life insurance companies and both were mutual companies that changed to stock companies in the past few years. The policyholders that were the former owners of the company received shares of stock in exchange for their ownership positions.

What are the names of three safe auto insurance companies?

The names of three safe auto insurance companies are first, Safe Auto Insurance Company based in Columbus, Ohio, second, Wal-mart Auto Insurance, and third, State Farm Insurance.

What country is the Van Insurance Company based?

There is no company in the world known as the Van Insurance Company. There are, however, insurance companies such as All State that offer van insurance.

Which companies in the UK offer building and contents insurance?

Nationwide and Aviva both provide both building and contents insurance in the UK. Nationwide and Aviva are low budget United Kingdom based insurance companies.

Where can I get information on commercial insurance leads for my new business?

There are companies that provide insurance leads ( ). Based on your needs these companies can provide a great way or you to start growing your business

Can auto insurance companies charge you based on your credit report and not your driving record?

Auto insurance companies do not chrge you on the status of your credit report. They only look at your driving history.

Where can I obtain AA car insurance quotes?

AA insurance quotes can be obtained from a variety of different places. Some web-based companies (such as The AA) will provide quotes based on information provided by users. Alternatively, insurance companies such as TD or Western Direct will also provide AA quotes.

Are they any pay as you go insurance companies?

There is such a thing as pay-as-you-go car insurance, also known as usage-based insurance. Coverage can depend upon distance travelled, amount of time spent driving, and/or other factors. Not all insurance companies offer this as an option.