Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How Does the Insurance Company Compute the Actual Cash Value (ACV) of My Car?

April 26, 2017actual acv car cash COMPANY compute Insurance value

0

Posted

How Does the Insurance Company Compute the Actual Cash Value (ACV) of My Car?

2 Answers

0

Posted

The actual cash value (ACV) of your car is your insurance company’s estimate of its worth. This estimate is very important to you because it affects your insurance premium and determines the maximum payout from the insurer in the event of an accident or theft. The actual cash value of your car mainly affects the collision and comprehensive coverage on your auto policy.

0

Posted

The actual cash value (ACV) of your car is your insurance company’s estimate of its worth.