Car insurance?

[Deeko]

I was in a car accident and my '94 Mazda 626 is totaled. Just got it a month ago too. Well, I was just curious, does the insurance company usually go by the blue book value when deciding how much money to give you?

 

[dirtboy]

I believe insurance companies have their own ways of deciding what your car is worth. I would guess that they are going to give you what they consider to be the "replacement value", that is, enough money go out and buy another car just like you had. Don't be afraid to negotiate and if you think you're getting screwed, you may want to hire a lawyer if enough money is involved.

Good luck!

 

[Deeko]

Thanks...chances are I will make out on this, no matter how much they give me, because I got an incredible deal on the car, 3,500, the bluebook value is 6,400, so even if I don't get that much I will probably get more than 3,500.

 

[bozo1]

It's usually blue book assuming you had collision coverage on the vehicle.