{"type":"document","data":{"id":"1960c408-52bf-4450-bd83-ce10cd8ac342","localeString":"en-GB","publishDate":"2026-03-13T17:35:26.109+01:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"When discussing the value of a car, many terms are used, such as catalogue value, new value, and current value. Read more here."},"mainHeaderZone":{"componentType":"productHeader","coreHeader":{"body":"When discussing the value of a car, many terms are used. It is important to understand these, as they affect the amount paid out in case of damage. Below is an overview of the key terms and their meanings.","headerImage":{"transformBaseUrl":"https://assets.ing.com/transform/21bca1c9-b5ce-41ac-86d5-5f169a91f3af/Older-man-repairs-car-in-street","type":"image","width":5760,"altTextEN":"\"\"","altTextNL":"\"\"","altTextFR":"\"\"","altTextDE":"\"\"","original":"https://assets.ing.com/m/24c9fab14d33908/original/Older-man-repairs-car-in-street.jpg","extension":"jpg"},"title":"Current value of a car"},"backLink":{"textLink":{"url":"/en/personal/insurances","text":"Insurance"}}},"flexZone":{"flexComponents":[{"componentType":"paragraph","title":"What terms are used?","richBody":{"value":"<p><strong>Catalogue value:</strong><br />The catalogue value is the Dutch retail price of your car as listed by the manufacturer/importer, including BPM (Dutch vehicle tax) and disposal contribution. This value is used to calculate your insurance premium.</p><p><strong>New value:</strong><br />The new value is the catalogue value of your car according to the current price list from the manufacturer/importer. This is the amount needed to buy the same car at the time your car is stolen or declared a total loss. If you are entitled to the new value coverage, this value is relevant.</p><p><strong>Purchase or used car value:</strong><br />The purchase value is the amount you paid when you bought your car, including BPM and VAT. If you are entitled to the purchase value coverage, this value is relevant.</p><p><strong>Current value (day value):</strong><br />The current value is the new value of your car minus depreciation. Depreciation occurs due to age, wear and tear, previous damage, and mileage.</p>"}},{"componentType":"paragraph","title":"What are the new value and purchase value coverages?","richBody":{"value":"<p>If you have taken out WA Plus or WA All Risk coverage for a new car, damage due to total loss or theft within the first year after purchase is reimbursed based on the new value. This can be extended to three years.</p><p>If you have taken out WA Plus or WA All Risk coverage for a used car (not older than five years), damage due to total loss or theft within the first year after purchase is reimbursed based on the purchase value. This can also be extended to three years.</p>"}},{"componentType":"paragraph","title":"How Is the current value determined?","richBody":{"value":"<p>The current value is determined based on factors such as:</p><ul><li>Mileage</li><li>Age of the car</li><li>Maintenance condition</li></ul><p>You will encounter the current value when determining whether your car is a total loss or to calculate your compensation if your car is stolen.</p>"}},{"componentType":"paragraph","title":"Taking out car insurance","richBody":{"value":"<p>You are free to choose which car insurance you take out. Often, cars up to six years old are insured with All Risk coverage, but older cars can also be insured this way. For example, if you financed the car with a loan and don’t want to be left without a car but still have a loan to pay off in case of total loss. Or if your older car still holds significant value and you don’t have the means to replace it if it’s written off. So, carefully consider your own situation and which insurance suits you best.</p>"},"textLinks":[{"url":"https://mijn.ing.nl/banking/mobile/insurances/application/car?flow-step=00-StartCalculating&EW=true","text":"Calculate your premium"}]},{"componentType":"linkList","iconTitle":{"title":"Insurance"},"textLinks":[{"url":"/en/personal/insurances/annual-travel-insurance","text":"Travel insurance"},{"url":"/en/personal/insurances/car-insurance","text":"Car insurance"},{"url":"/en/personal/insurances/home-insurance","text":"Home insurance"},{"url":"/en/personal/insurances/liability-insurance","text":"Liability insurance"},{"url":"/en/personal/insurances/legal-expenses-insurance","text":"Legal expenses insurance"},{"url":"/en/personal/insurances/student-insurance","text":"Student insurance"},{"url":"/en/personal/insurances/czdirect-health-insurance","text":"Health insurance"},{"url":"/en/personal/insurances","text":"All insurance"}]}]}}}