Well the insurance company finally settled on what the ACV of my Crossfire was. Not even close to what I felt was fair but it is what it is. Long story short, I hit a deer last year on my birthday and I've been fighting with the insurance company every since. They finally agreed to acknowledge the damages were part of the that accident and after the body shop tore into things, they discovered that there was way more than just damaged suspension components and that the damage actually went into the body so they deemed it a total loss. Now I'm looking for a new car but I'm really angry with the fact that this damage was there a year ago before Chrysler tanked and my car was still worth something. Anyone have any advice on the subject or have any pointers when dealing with the insurance company to get a more fair amount.

Thanks

 

Wow Rudy, glad you finally got things worked out! I remember seeing your car after it got hit, and that was right after you bought it. I hope you can do something about the total value of the car, though. It's a shame if you didn't at LEAST get back what you still owe on the car!!

 

It's a cluster right now. Part of me wants to tell the insurance company to pay me up to the point right before it's totaled and do all the work I can on it myself but the body shop is saying that there could be a lot more that they wouldn't know about until they pull everything out and strip it down to pretty much just the bare chassis and that I should just let it go. Definitely feel like I just got a slap to the face with the settlement amount.

 

So how much more do you owe on the car over and above what the insurance company settled for? Curious because my daughters Elantra got totaled and the company paid up the total amount that she paid for the vehicle. She lives in Oregon where she was able to purchase GAP insurance.

 

They valued my car at just over 10K which is crap compared to what it should be. I know ACV isn't trade in value but it should be close.

 

Regular Crossfire or SRT and what year?

How many miles?

Off the cuff, I would think the insurance company would owe you what it was worth immediately prior to the accident, less your deductible. It seems ridiculous that could use a depreciated value of today, especially given the downward trend of the economy in the time elapsed since the accident? What was the KBB or other competent source value immediately prior to the accident? That's the value you ought to fight for.

 

The value should be based on date of loss not date of settlement. They can back date the MMR, Black Book, NADA - whatever they are using to value the vehicle.

 

They need to pay up - retail value. You should be able to replace the car. Find a few similar cars -year and milage and they should offer to purchase. asking for a cash payout without purchasing a car changes everything- it shouldn't but it does.

Sounds like Progressive - a letter from a lawyer can do wonders.