Value of new car when insuring

[A4B9]

When you get insurance on a brand new car, what do you tell the insurer is the value of the car? Putting down the price when the value will plummet the moment you leave the forecourt doesn't seem right and makes no sense when you have gap insurance in there as well covering any lossses

 

[ChrisKnottIns]

You'll probably find that your car insurance provides 'new for old' cover in the first year so you'll want to get the value right.