It is a good question for an agent. A lot of people drive cheap cars, especially in the winter, so there might be an angle that gets played there. My daily driver is a 2000 Toyota 4Runner with 250,000 miles on it. I think the market value is around $5000 last time I checked. I have no interest in selling it since it runs like a top, but I know the insurance company isn't going to give me much for it if someone steals it or totals it. I pay $50 a month for insurance which isn't horrible, but it is probably too much given the value. I'm paying 1% market value every month just for insurance which seems high.