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What is Market Value?

‘Market value’ is a variable amount based on our assessment of how much the market would pay for your car at the time of the incident.

It's based on factors such as:

  • the car's age
  • make and model
  • kilometres driven, and
  • the car's overall condition.

We may use recognised industry guides and publications to help determine your car’s market value. It's important to know that this value doesn't include costs such as:

  • registration
  • CTP/MAI insurance
  • stamp duty
  • transfer fees, and
  • dealer warranty costs or dealer delivery.

For more details, check the Product Disclosure Statement (PDS).

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Bingle won the 2025 Canstar Award for Outstanding Value for Comprehensive Car Insurance.

All customer reviews published on this site are collected, moderated and managed by Bazaarvoice, a third-party ratings and reviews provider. These reviews are captured directly after a customer purchases a Bingle policy, or makes a claim.

Please read the Product Disclosure Statement available on this website before buying this insurance and consider whether it is right for you. Cover may differ from other policies. The Target Market Determination is also available.

Insurance is issued by AAI Limited ABN 48 005 297 807 trading as Bingle Insurance. Read the Product Disclosure Statement before buying this insurance. Go to bingle.com.au for a copy. Target Market Determination also available. This advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it.

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