Last Saturday, a drunk driver hit my parked car (2012 Camry) and totaled it. I’d just hit 100,000 miles that day. The car in great condition while I had it, I had zero issues and no real expenses other than gas, routine maintenance and insurance.
I filed a claim directly with his insurance and just got their first offer for $10,201 total, with an Actual Cash Value of $9,507 and the rest to cover sales tax and other fees. I think this is low because comparable cars (good condition, same trim, similar mileage, etc) going for $11,000 to around $14,000 across a number of used car sites.
I’ve also heard not to accept the first offer because there’s always room for negotiation.. I’m just not too sure how to go from here so I’d love some advice on how to get the best settlement I can.
Thank you!
First time dealing with insurance (in MA)
byu/Nicoziggy inInsurance
Posted by Nicoziggy
2 Comments
Just because that’s what they’re listed for, doesn’t mean that’s what their actual cash value is.
Ask to see their comp report to see how they came up with the values. It should have like model, year, miles. Of course you won’t find the exact match as yours so they adjust off of that. I had a totaled Passat Wagon a few years ago and the wagon wasn’t a common car, not that it was rare. This meant they were going back months and 100’s of miles away to find comps. We went back and forth a little and settled on more than they offered me.