What is Comparable vehicle (comp)?

A comparable vehicle is a recent for-sale listing or sale of a car like the one being valued: same year, make, model and trim, similar mileage and options, in the same market. Comparables are the evidence behind a car's value.

Wrong comparables (a lower trim, much higher mileage, a distant market) are the most common reason a total-loss offer comes in low. TRUEclaims builds valuations from real comparable vehicles.

Check a car's value from real comparables

See how the referral program works The one-pager, the referral line, the AI assistant and the Appraisal Clause, set up for you.

More terms

Total loss Actual cash value (ACV)Appraisal Clause Umpire (appraisal)Total Loss Formula Total loss threshold Salvage value Diminished value Fair market value (FMV)Loss of use Property-damage-only claim Referral agreement (between law firms)Demand letter

Updated 2026-11-01. General information, not legal advice; policy wording and state rules vary. TRUEclaims is not a law firm.