The value of a car is irreverent however, its the potential third party claim element which is considered in the main. Not helps with the likes of credit hire organisations and solicitors with their legal fees on some relatively minor injury claims in a lot of cases.
These are the areas that need regulating to be completely honest.
It's just the blow of paying for a car and the insurance being a lot higher than the worth of your own vehicle, makes sense though if I prang into an Aston.
I'm forever seeing that on the news. They keep saying they'll do something to regulate minor injury claims but they never do.