My car is totalled, how much will the insurance give me?

Question

Does the insurance pay what the suggested retail value is (blue book) or what the trade in value is? And is the value based upon if the car wasn't in an accident to begin with?

Thanks.

It wasn't my fault. I have full collission coverage with Geico. The car is a 2002 Nissan Xterra with 35,000 miles. I check Kelley's and the trade in value is $11700 and the suggested retail is $16700.

Answer 1

The insurance company will pay replacement cost for your vehicle, which is what it would cost you to buy it on a retail used car lot!!

Make sure that they add the tax, title and registration transfer costs to the cost of the car. You should be able to replace the car with one like it, and not have to pay anything out of pocket (other than a deductible if the claim is against your insurance!

Answer 2

The insurance company should pay you for the full retail value of the car immediately before the accident. To check your value, go to kbb.com or nada.com. Print out the page showing the value of your car in case the adjuster offers you less.

If the accident was your fault, and it is your insurance company you are dealing with, they will pay retail value less your deductible.

Answer 3

it is bases on the cheaper one of course.and all things all looked at wear and tear on the inside,shape of the tires,basic shape of the car,miles on the car,any add on parts.and did you have just basic insurance cause then you will get nothing unless it was someone else's fault.

Answer 4

they don't go by blue book after it's totalled
they go by a book called Red Book

what kind of car was it?

Answer 5

It depends on your policy and your insurance company. Typically, which ever is lower is what they will pay out to you.

Answer 6

u b lucky to get 10,000...iv been there