27th January on original post

What justification do you have to say my vehicle is over valued? The pre accident valuation is £22K against a particularly rare model that was £35K only 2.5 yrs ago.

At £35K you are presumably referring to a TSi 280 Tech R which had a list price of £33690 + any extras in early 2018.

At that time the expected retained value after 3 years was 44% which was much better than the %age expected form the lesser models.

Since the car is not quite 3 years old I would suggest that perhaps it has retained 50% or even a bit more so based on your £35K purchase price it should be worth approx. £17.5K, if its very low mileage perhaps a bit more.

Looking on the web the top dealer price should be about £18750 for a late 67 plate car, perhaps a bit more for an 18 plate if any actually exist, I believe production stopped late 2017.

Its a fact that we all over value our own cars but in time you get more realistic.

The valuation of £21,270 is direct from Glasses Guide. The figures you’re mentioning were recently offered to me by dealers as PX valuations.

And that is the difference. No insurance company is going to give you the fictitious full valuation price of any car. They know what you should be able to buy an identical car for and that is what they will pay out. If you can provide information to prove that the cost to replace is higher than their offer they may reconsider.

But if you under insure anything you will never get the full replacement cost back. it applies to all insurance and not just cars. When the customer lies to get a lower premium why should they give full cover. If they simply paid out it would affect all customers premiums making them higher. Why should I pay more to subsidise another person who is basically hoping to save money for years and then get the full payout later, its fraud.

The value of the car is a side issue.

The point is that, even if only by oversight, the OP has not declared Fixed Penalties which materially affect the premium. Under insuring is always likely to result in a proportionate reduction in payout and I'd be amazed if the insurer's terms and conditions don't allow for this.

It is indeed a side issue but the OP is having issues understanding how the failure to disclose his points will result in a reduction in payout of the same percentage as the premium increase.

He also is failing to understand that the insurance total loss value of the car is not the top Glass's guide valuation but the cost of replacing with an identical vehicle.