The consumer should know how much his car costs now
. However, each insurance company has its own method of determining a car's value based on the make and model, state of repair, mileage, accident history and a number of other factors.No other factor is greater than the driving history of the consumer when choosing the car insurance policy. If he is an incredibly safe driver, it is better to take the cheapest insurance policy otherwise make sure the risk is covered by paying a hefty premium.