Which NADA value do insurance companies go by to determine reimbursement for a total loss?

Question:
low retail for my car is $3325 according to the website and high is $4325. They have offered $2800 and it doesn't sound like enough to me.

Answers:

Do i need to get a pink slip before a permit?

they go by blue book value. all that is, is an initial offer. you need to counter offer for what u think is fair based on the condition the vehicle was in. And most times insurance companies wont add all the options or the right model of car. Take a deep look into their report. they will give u a report saying how they came up with that total.

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Yeah its pretty much right on with Kelly Blue Book Value. they say with ur options in good condition its worth $2,985.00. So they prolly didnt add an option or two. I would counter back at $3,000, and then they will prolly come back at you with $2,900.00 Thats the best ur prolly gonna get. Just remember that what they offered you is just an offer, you can say no! I made a counter offer on my last car that got totalled, and they said ok to that amount with no questions or counter offers to me. I got an extra $3000 than what they were originally offering but my car was a newer car. I'm just the type that never excepts the first offer, and i will never make the first offer. If you do, you will always lose. Goodluck! Feel free to email me if you have any other questions.

Is my car insurance co. trying to "buy me off?"?


that value that the person below gives is in excellent condition. its a big jump. but they are telling u the truth that ur insurance doesnt want to say. all insurance companys are blood sucking peices of S . H . I . T. so they are gonna try to give you the lowest amount. Heck try countering with that number the person below gave! it couldnt hurt.

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actually where im at in ga. they go by fair market value. they did that to me when my buick lesabre was totaled.

What can I do if my insurance did not cover my total car?

Just plugged it into my nada system ( i work at an insurance company) the amount: $3,475

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If you disagree with the offer then you may have two other options.

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1. Do some research yourself to see if you can find other cars like yours for sale and use those figures for a guideline. Try http://www.autotrader.com and other sites like it. This should help you to determine if their figure is anywhere near legit. (Personally, I think it's close )

Can u please help?


2. Ask to do run a CCC or ADP computerized evaluation. These evals normally will show other cars like yours that have actually been recently sold or are for sale now. This will give you real world figures not just book figures.

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Good Luck.

Driver's permit?

It depends on which pricing service they use. Some use NADA, some use KBB, some use CCC and some use a combination of all three.

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You will probably have to document that your car was in above average condition and provide pricing on comparable vehicles to the insurance company.
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