Hey guys got my renewal form for my car insurance today and the agreed value has gone down over $3000
I drive a 1998 club spec evo 2 and im insured with Just Car insurance
last year i payed $3045 with agreed value at $16 750
(had crash history and was still on P plates)
drove like a saint all year off P plates and had maybe 2 fines and no demerits lost and my rating is 5 star so me premium has gone down to:
$2194 but my agreed value has dropped to $13400
i was wondering if anyone can explain the significant drop in agreed value??
i figured depreciation etc might take it down around 10% which means it would drop $1500 but its gone down double that
ill be giving just car a call tomorrow but any thoughts or ideas much appreciated