Gaari Means Car. Car Reviews & Car News

They will pay you the book value of the car, less any prior damage and your deductible. It won’t be as much as you think it should be.
You can check the value of your car here

http://www.nadaguides.com/home.aspx?l=1&w=28&p=0&f=5000&aid=58321&iid=51301&nozip=1

Generally, they will pay you the “blue book” value minus your deductible amount.

In other words, the car is a write off, which means it’s not worth much.

Ouch – nothing good will come out of this for you. They are legally required to pay you the blue book on your car – which won’t be more than you paid for it – and will quite likely be less. That is why they are going to total it and pay you for it – the repairs will cost more than the value of the car.

they are going to offer 1,200- 1,400

http://www.kbb.com

kelly blue book website

they go by trade in value

They will pay what current loan value is on the vehicle.If there is no loan value,they will refer to the “blue book” for value.They will not negotiate.

Mom knows everything is, as usual, right.

Since it is the other drivers insurance paying, your deductible isn’t factored in. You get blue-book value, unless you can prove the vehicle is worth more than bluebook.

They won’t care about things like a stereo, so if you have an after market stereo you can take that out and keep it.

Most insurance companies use NADA to detmine the RETAIL value of your car, not Kelley Blue Book. This is because NADA is based on the actual selling prices of vehs, KBB is based on the ASKING prices of dealers for the same veh. KBB will therefore show a higher “value” for your veh. The value will take into account mileage on the veh, and the insurance company may adjust for prior dmg/condition. Most companies will give you more the veh if you have recently put in a new engine, transmission, or possible new paint job on entire veh. (You will need receipts for the same–and you will only recoup part of the cost of the refurbishments.)

Also, the insurace company will take into account the salvage value of your veh–what a salvage yard would buy it for for parts–in deciding if the veh it totaled or not. They will calculate how much repairs are vs the “book” value (less salv value). You may be able to keep the veh (if you want, and depending on the laws in your state) & pay the add’l to have it repaired, but keep in mind that estimates may not include any “hidden” dmg to your veh, and the cost to repair may be higher than what’s on the estimate. Also, the ins co would also reduce what they pay you by the salvage value if you keep the car, as the ins co would not be able to recoup the salvage amt by selling the car–you would be able to.

The ins co will also ck to see if your veh previously had a salvage title issued on your veh–if it has, your settlement will be reduced…(and you got taken when you bought it…)

You should not have a deductible taken from the settlement either if the other company is paying for the dmgs…

Pls feel free to contact me personally if you would like further info…I am an auto claims adjuster for one of the top national insurance companies in the US.

1. Most insurance companies do NOT use blue book values for claims. 2. Someone mentioned you will get book value minus your deductible which is wrong – as you stated the other insured’s at fault so there is no deductible involved. What I would do is print out the Kelley Blue Book report on your car and use that to negotiate.