What will the insurance company use to assign a value to a 'totaled' car?

deadcars42

depends on the company. They can use services like CCC, NADA, etc... They will not use Kelly Blue book--- it is too high.

raz

age mileage and book price for replacement of identical car

CowboyBill

The value of anything in a free market society is only what the buying public will pay for it. Guides like Kelley and NADA are just that, guides. Condition of vehicle, mileage and sometimes accesories all are factored in. If the ins company seems to be low-balling a settelment amount then for gosh sake don't start screaming at them. You need to ASSIST a claims adjuster vs combat them. Do research -- complie and verify as many vehicles as nearly like yours for sale in your area and present them to the adjuster. Trust me -- there is NO advantage to the company to not pay enough on an insurance claim and there is no company in the US, (no matter how bad they are) that will not pay for anything that can be proven. If all else fails, start requesting (respectfully) for managers until you reach one that is able to assist or explain to your satisfaction what they are going to pay you. If you enter a combative situation with them your file will be shoved under a VERY large pile covered with cobwebs.

Sunidaze

I believe they go by the bluebook value of the car (or something along those lines) - including mileage, year, etc. The last car I totalled (I have totalled 3) they wanted to give me less money because they noticed prior damage that I did not have fixed.

Mark V

The Kelly Blue Book value or something close to it.

wilderone74

they'll consider the age, mileage, and what it books for presently. based on that, that is what amount you will get to go towards another vehicle.

rancherogirl351

Most use an independent appraisal company to determine a base value (before the wreck). Then 80% of that is usually considered a total.

cwgrlmeiniowa

kelly blue book

kklovesjoey2000

the value of the car is based on nada, nation automobile dealers association, mind you take into consideration any dents and dings that were not a part of the accident, they will deduct this from your settlement

Â©rojoeÂ® Retired From Y!A

Most use the blue book but,you need to be careful they don't use the lowest value!

Paul Rules

the value given when the car was registered with them alongside the total age/mileage of the car.

oklatom

The value of the vehicle, adjusted for condition, at the time of the accident. If it would cost more to repair it than that worth (typically Kelly Blue Book value) they will total it and offer you that value. If you feel yours was worth more, new tires perhaps, or was just painted, or upgraded stereo system, negotiate.

ANDREW L

It depends upon the state where you live. Mostly it is N.A.D.A. and it takes into account the actual cash value of a vehicle that sits on a reputable lot. If that does not work then you can do a market search on such sites like autotrader.com or cars.com to get a better idea what the value of the vehicle is in your area.

Chris

It is not Kelly Blue Book. They have a database with figures on Actual Cash Value, which equates basically to the cost of the same vehicle in the market. The condition of your vehicle is considered in the evaluation.

mbrcatz

an average of the blue book value (look it up at www.kbb.com, use the private party sale) and the area newspapers, for a like kind & quality car with like milage.

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