Tips for maximizing settlement offer for a totaled car.

lykaon78

Golden Member
Sep 5, 2001
1,174
9
81
I was recently in an accident. It appears my car is going to be totaled. Any tips or tricks to share for maximizing my settlement offer?
 

Fenixgoon

Lifer
Jun 30, 2003
31,806
10,342
136
just concerning the car, they are going to offer you fair market value for the vehicle. i don't know that there's a whole ton of arguing you can do unless they super low ball you and you show them "here's the going rate for the car (bust out autotrader listings of comparable year/mileage/condition vehicles)
 

lykaon78

Golden Member
Sep 5, 2001
1,174
9
81
3 weeks prior, I replaced the AC compressor and alternator. Hopefully that will help to increase the offer.
 

HarryLui

Golden Member
Aug 31, 2001
1,518
33
91
Do you have liability or full coverage?
Year, make, model?
Receipts for any recent work you done to it?
Don't accept the first offer?
 

SearchMaster

Diamond Member
Jun 6, 2002
7,792
114
106
3 weeks prior, I replaced the AC compressor and alternator. Hopefully that will help to increase the offer.
It won't. If the AC was non-functional then you would have made out on the positive, with FMV assuming that everything worked and that it was in good condition. But you ended up getting screwed on the deal - sorry. You also won't generally get paid for upgrades, such as stereo, wheels, etc. but you can often swap those out of the vehicle remains haven't been sold yet.

The advice given here before is correct - do your best to find comparable vehicle listings on Craigslist, AutoTrader, etc. in your area if possible. Since we all know that vehicle listed prices tend to be unrealistically inflated, you will probably be able to find more favorable comparables than what they offer you. Just keep in mind that their obligation is that you are made "whole", meaning that they compensate you enough to buy a comparable vehicle in the same condition that you previously had.

Good luck. My car was totaled several years ago - it was a minor accident but an old car. I had previously been bumped while sitting still about a year before and I pocketed the $800 reimbursement instead of having it fixed (mostly just bumper scuffing). So when it was totaled I came out pretty well, especially since the car had 220K miles.
 

lykaon78

Golden Member
Sep 5, 2001
1,174
9
81
2005 Civic 4-Dr Sedan, 255K Miles but 100k on the engine, was in good shape otherwise. Perfect car to get me from point A to point B economically.

NADA value is in the neighborhood of $3200 based on the 255K miles. With the new engine perhaps I should get more.

Its crazy how Civics at this age and millage hold their value. Most comparable cars that I can find are 4-5k - allthough most of those have miles in the 150k range.

I do have receipts for the recent work.
 

Spicedaddy

Platinum Member
Apr 18, 2002
2,305
75
91
Around here you can give recent repair bills to the insurance adjuster and they'll take it into account when estimating the car's value.
 

NutBucket

Lifer
Aug 30, 2000
27,036
548
126
I'd say your best argument is replacement cost. Whatever minor repairs you made pale in comparison to street prices vs. NADA and that's what matters. When they make you an offer be ready to fire back with ads for comparable vehicles.
 

Midwayman

Diamond Member
Jan 28, 2000
5,723
325
126
Lube up and bend over. They will assume pristine condition and perfect negotiation skills on every car they use for comps. They will deduct money for yours not being freshly detailed, etc. (seriously). If they use CCC valuescope you know you're about to get reamed.
 

who?

Platinum Member
Sep 1, 2012
2,327
42
91
A friends Altima LE got totaled and the insurance paid the value for a regular Altima. I haven't spoken to him recently so I don't know if he got the situation corrected.
 

boomhower

Diamond Member
Sep 13, 2007
7,228
19
81
Had an Escape totaled a while back and was paid more than it was worth IMHO. They even paid the sales tax and registration fees I had paid that year. I love Amica. As painless process as possible.

Bonus was it was a roll over and saw the frame was rusted to shit. Wouldn't have last much longer. Bought as we needed something to drive and we could afford it with cash.
 

hanoverphist

Diamond Member
Dec 7, 2006
9,928
23
76
not always a negative. i helped one of my adopted kids get extra for recent repairs, new tires that were bought and the stereo and alarm upgrades that were done within the year. all you have to do is NOT take the offer and as some questions, then eventually make them requirements for settling.

one key thing tho... is this your insurance, or someone that hit you?
 
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