What is Quote to Value Ratio?

A great quote is typically one with a Quote to Value Ratio (QTV) of 7% or less. For example, this TOYOTA is worth $24600.00 with a yearly premium of $1803.89.

Whilst there's no way to always control the QTV, it's a reliable measure of whether your quote is on the high or low end of the scale. If your QTV is 7% or less, it’s likely an excellent rate already. On the other hand, a QTV of 8% or higher may simply reflect expensive-to-insure factors—like being a young driver with an expensive vehicle, or residing in a high-risk area.

Speak to National Cover today about achieving the lowest possible QTV for your unique situation.