This insurance company said they will only give me fair market value for my car. Can you help me find it, i've looked online in the kelly blue book, and the nada book, BUT im not sure what to look under retail, private, etc...Can you help me please?? This buisness truck came out of a private parking and totaled my car ouch!!!
2006-07-20 05:39:06 · 13 answers · asked by Kristi A 4 in Cars & Transportation ➔ Insurance & Registration
1990 acura integra sedan ls.190,000 miles.
2006-07-20 05:39:30 · update #1
i know my car is not worth alot of money, i was'nt asking that!! i was just asking what is was worth.
2006-07-20 05:48:49 · update #2
Fair market value is likely the private seller value. Insurance companies vary on which book/guide they follow. Most of them do not give you retail. If you find the price is low for your market, complain. Make sure you find other cars in your area similarly priced and show this to the insurance company. They'll sometimes budge if you give them proof, so don't think it is a losing effort.
So, go to kbb (kelly blue book), look under private (seller), and log your info.
2006-07-20 05:45:53 · answer #1 · answered by cantstandya 2 · 2⤊ 0⤋
I'm not a man, sorry, but I'll tell you where to look. Use the private party sale figures on kbb and NADA, and also go get a copy of your local newspaper, and the Wheels newspaper that is only for cars, and circle the ads for cars like yours, with similar milage. It should all average out to about what the insurance company says they'll give you - and you can probably negotiate an additional $200 out of them if you bat your eyelashes, cry, and wear a short skirt. At least, it works for me.
2006-07-20 12:48:10 · answer #2 · answered by Anonymous 7 · 0⤊ 0⤋
Go to kbb.com and nada.com and use the average retail figures to come up with an average. The insurance company is liable to pay the average retail or fair market value. If you have any receipts for repairs you have had done, use them to negotiate the price up. Just like buying a car, but reverse psychology
2006-07-20 21:34:53 · answer #3 · answered by orgrmichael 4 · 0⤊ 0⤋
I got the same non-sense from my company when a sleeping woman totaled my pickup. I ended up on the web where I found a number of similar vehicles along with the selling price. That was what my agent considered fair market value. Incidentally it caused an increase in their offer of about 15% or maybe a little more.
Good Luck.
2006-07-20 12:48:21 · answer #4 · answered by gimpalomg 7 · 0⤊ 0⤋
They'll be looking at either wholesale or private seller. If your car was in especially good shape and you can prove that, it may help a little.
I hope they're paying for your rental car until the settlement comes through. That should be incentive for them to settle higher rather than haggle! Or, for you to haggle a bit longer before agreeing to their lower amount.
Good luck!
2006-07-20 13:41:13 · answer #5 · answered by M Huegerich 4 · 0⤊ 0⤋
Wholesale is the fair market value. And a 16 year old car with almost 200,000 miles? Come on...
2006-07-20 12:42:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Sue the business. They have High insurance limits high 6 -7 figures. That's where the money lies.
2006-07-20 18:05:00 · answer #7 · answered by ric_ozz 3 · 0⤊ 0⤋
I would go with retail value. Because that is what it will cost you to buy a similar car. Good luck!!!
2006-07-20 12:43:12 · answer #8 · answered by WyoHunter 3 · 0⤊ 0⤋
You need to play with KBB more you can check how much your vehicle is worth in retail, trade in and private party.
2006-07-20 12:43:07 · answer #9 · answered by Shadow 4 · 0⤊ 0⤋
just checked @edmunds with a guess as to which car you have...it's in between 1450-2400 depends retail. go with that figure because that's what you'd pay for a comparable auto. insurance co will probably on the low side so ................
2006-07-20 12:48:38 · answer #10 · answered by Anonymous · 0⤊ 0⤋