How is the value of my car determined?
Contrary to popular belief, your car is not valued at the "Blue Book" rate. Blue Book rates are used mainly for auto dealers and banks to determine "retail value" and "loan value" which are inflated for purposes of profit. Insurance companies evaluate your vehicle based on the "market value" rate, which means "what the average consumer would pay for the same vehicle." Your vehicle is rated based on the following:
4. Condition (excellent, good, fair, or poor)