Hippo Staff Writer · Published 19 December 2018 · Updated 4 July 2026 · 1 min read

Insuring your Car – Retail, market, or trade-in value?

If you’ve ever had to insure a car, you’ve probably been asked if you’d like to cover it for its retail, market or trade-in value.

Read on to find out what these values mean so you can make an informed decision when taking out car insurance.

This is the averge of retail and trade in value. It considers a number of factors, like the mileage, service history, accident history, and the general condition of the car. If you tried to sell your car privately, you’d probably get a price that’s close to its market value.

This article is for informational purposes only and should not be construed as financial, legal, or medical advice. Coverage terms, pricing, and availability may vary. Always review policy documents carefully and confirm current pricing with suppliers before making any decisions.

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