With Budget Direct, you can insure your car for its market value or, in some cases, for an agreed value.

Market value is the reasonable cost to replace your vehicle with one of the same make, model, age, mileage and overall condition.

To get an idea of what your car may be worth, search for it in the Red Book or on car sales websites.

Please note that the prices provided by these sites are only meant to be a guide. Your car's market value will be determined by us at the time of the loss or damage.

Agreed value is the amount we agree to insure your car for. We may offer you an agreed value, provided:

your car is less than 10 years old; and

your vehicle has not been converted to LPG; and

the agreed value is within an acceptable range of the market value.

The value for which your car is covered is shown on your insurance certificate and in your online account.