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Discussion Starter · #1 ·
My insurance company is offering me approximately 15.8k for my lost bunny.

the MSRP for it was 17.8k (mm that was 6 months ago).


So after arguing with the adjuster a bit, we ended up talking to the manager. I think she sent us a fax of the "fair market priced" vehicles that are as close to mine as possible. She had researched a set of 4 cars which were all in the range of 15-15.5k.


After our share of research, the average value for the car came out to be around 18-19k. Someone told me to call the numbers listed on the faxed sheet that they acquired from CCC to see if the cars are actually in stock, and what exactly is the price for them. We're sending our set of researched materials back to the manager to see what happens, but supposedly we'll soon have to make an "appointment" with her and would have to argue about the "market value" of the car.


Ughhh this is all soo annoying. Is there anything else I should do? I'm with Nationwide by the way...
 

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I have no clue, but I'm bored so I responded.

But... 15.8k is a ripoff, IMO. KBB, NADA, all that stuff will give a much higher value, even if the car is in poor condition with high mileage.
 

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i thought i heard something about the value of scions expecialy the tc had a higher resale value then brand new because of 2 month waiting list so why would your insurance company on give 15k and some change back for a car that has gone up in value
 

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Discussion Starter · #4 ·
They were friggen talking about "trade-in" values. I thought that was the stupidest thing I've ever heard. I'm insuring the car to reimburse me enough to get the same car that I had. I'm not trading in the car, I'm trying to get the same car.


I should take the adjuster/manager to a random dealership and point out a used manual tC with around 8200 miles with a borla exhaust & spoiler to be approximately close to my old tC and ask her to pay for it.


Let's see if it'll come out to 15k.


And yeah, Dodgers, tC does have a high resale value. People are having to wait for their new tCs, so since the used tCs are readily available, people are willing to pay more for it.
 

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I recently spoke to my new insurance co. about this (state farm). if you have and receipts or proof of purchase for any after market parts add them in too.. I was told if you have proof they will honor it and give you what your car is actually worth.. did you have gap insurance on your car to pay off the loan in the event the car was totaled? that saved me in my last car that was totalled.. because they too didn't offer me what the car was worth... good luck
 

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The retail values that are so much higher than new are for a car being sold by a dealer so that isn't a fair value. You should be looking at private party values at best. Currently the private party for an 05 manual tc with 8k on the odo and the spoiler in my area is 18,285 in excellent and 17,215 in good (a la KBB). I don't know your zip so I can't say for sure what yours is worth but 17-18k is reasonable. Your exhaust isn't worth anything, sorry. Back to the original statement, your car being sold by a dealer in my area would go for 20,405 ish. Too bad you're not a dealer, huh? Anyway, they should be looking at private party values and not trade-in or retail.

Also, most insurance companies won't cover aftermarket parts unless you pay extra for that specific coverage and then I believe it only covers up to 1k worth although I could be off on that specific detail.
 

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Originally posted by amy117603@Feb 12 2006, 05:58 AM
...did you have gap insurance on your car to pay off the loan in the event the car was totaled? that saved me in my last car that was totalled.. because they too didn't offer me what the car was worth... good luck
Yea, gap insurance is what's going to save you here. It will cover the gap between what you owe and what your car is actually worth. Hopefully you got it when you went bought your car. Best of luck.
 

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Donna, I'm going through the same garbage with an insurance company with my Jeep now. The insurance company deemed it totalled, and offered me $5217 - $200 (b/c I'm keeping it) for salvaged parts they would have made money off of. I was injured, so I got a lawyer, and it's been somewhat nice b/c they have dealt with everything with my property damage, too. It's annoying b/c they're not willing to fight as hard as I am for my vehicle that I've slaved over to keep nice and clean since I got it.

I looked online on cars.com and autotrader.com and found that the same year/model is going for at least $5,500 and those have 20-30k more miles on them than mine does. To add insult to injury, I pass a '94 Country for $4995 on my way to work everyday at a gas station. So for mine that's 2 years newer, i get $27 more for it...seems fair. I told this to my lawyer's office and the paralegal finally decided to fight a little harder for me (after calling her at least once a day everyday). Before I presented that there's no way my Jeep would sell for a penny less than $5,500 if this dumbass had never ran into me, her line was always, "they're numbers from NADA and KBB, you can't argue the numbers." She told me that she called the town clerk's office and based on my VIN and mileage, the retail value is $5,525. Now it's not what I want, but at least it's a little bit higher than $5017. All of a sudden, "we have some room to negotiate." Funny how the numbers can be argued...

My bf's father owns an insurance company, and he told me that it would be helpful to go to Jeep dealerships and ask how much retail value would be for it. Again, it's been said dealer prices are high, but it's good to start high when you're trying to negotiate. This process has proved to be a HUGE pain, but it takes some patience and constant nagging to deal with these insurance companies. I wish you the best of luck, but if you're going to fight with them, stick to your point and hold your ground b/c it's probably going to take some time to get results that you can live with.
 

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Discussion Starter · #14 ·
Originally posted by Plissken@Feb 12 2006, 02:48 PM
Just sleep with the insurance person. Simple. Effective.
ROFL.


As much as that would be soooo easy, she's a woman.



Back on topic, yeah I'm gonna give all the dealerships that had the cars listed around 15k a call (the one that was on the list from CCC or something). Then I guess I'll give a few dealerships a call and get info from there. My uncle said that most of the time, these dealerships don't have the cars in stock, or the price is higher for one. I think he said when he totaled his car, he got about 2k more than what they offered first from arguing with them for about a month. It sucks how insurance company play off as your best friend when you file no claims and pour them with money, and once you file a claim, they become your enemy and want to rip you head off.

Regardless, I'm not willing to "settle" for any less than the figures in my head, cuz my bunny deserves more than what they're offering. Hm, since they're offering about $355 more for my car since the average milage for an 05 tC is around 13k and I only had 8.2k, I should use that to buy the salvaged parts and sell it off to get a bit more out of my bunny before she gets junked



But you can bet your money that I'll give them enough headaches to pay me off.
 

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Originally posted by doNna+Feb 12 2006, 03:05 PM-->QUOTE (doNna @ Feb 12 2006, 03:05 PM)
<!--QuoteBegin-Plissken
@Feb 12 2006, 02:48 PM
Just sleep with the insurance person. Simple. Effective.
ROFL.


As much as that would be soooo easy, she's a woman.


[/b]
discrimination wont get you anywhere.
 

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Discussion Starter · #18 ·
Hahaha...


I could suck it up and go with it, then FILM it, and sell it.


I'd have more than enough to pay for my bunny and buy a new house and everything else I want.
 

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Except the fact that in Alabama you have to be 19 for anything pornographic....

This is why I love dealing with USAA, I know that I get treated right. I'll do exactly what I did to charter, call and nag them for an hour a day until my internet connectivity speeds were fixed (they were worse than dial-up, and i was paying $80 more a month).

I'd call and complain.
 
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