What Is My Car Worth For Insurance? 
This depends upon a couple of factors . First , it depends upon what type of catastrophic payment you selected . The most common type is `` replacement cost '' , which is usually based upon the Kelly Blue Book Value for a vehicle in similar condition . The other option is `` agreed upon value , '' which means your car 's value is estimated by an appraisal and the insurance company will pay out on that value . Replacement cost is common for classic or rare cars . So , if you have replacement cost the best bet to figure out the value of your car is to request a Kelly Blue Book quote . Make sure you give the approximate mileage and condition of your car . I hope this helps . 