As a car owner, it’s important to understand how auto insurance companies value cars if you are involved in an accident and you file a claim. If you don’t know how it’s done, you will not be able to negotiate effectively. For instance, when your car is totaled in an accident, your auto insurance company will pay you the totaled car value which is the amount it claims the value of your totaled car to be.

​You've made the right choice for your car, which is getting it insured in the event the unexpected happens. But then, your auto insurance portfolio can become frustrating if your insurance premium is continuously rising even without filing claims.