Payout When Car Is A Write Off

[bednobs]

hi, i'm in the above position for the first time ever. I have not had a offer from the insurance company yet.
how close to how much the car is actually worth do they usually offer? (my estimate taken from parkers guide, and autotrader)

[ummmm]

It's been a long time since I've had a car write off but I was offered the book value. They let me keep the car and only deducted £100 for it.

[ummmm]

Hope you're OK btw?

[Ellipsis]

When it happened to us, some time ago now, the car was worth about £1200 as a trade-in and we got about £2500 to buy a similar car from a franchise dealer ... so we were happy.

[ummmm]

You always get less as a trade in though?

[TonyV]

Think it depends on car, condition and mileage, but always be prepared to haggle. Insurance assessers are working for insurance company, not you.

[bednobs]

its actually my husband who had the crash. hes ok

[TonyV]

Ok Bednobs glad he was not seriously injured

[tonyav]

They will always offer bottom book price first.

[TonyV]

You could try here

https://www.parkers.co.uk/car-valuation/?gclid=CjwKCAiAo8jgBRAVEiwAJUXKqGdNceyM8TcPOEiESeCG4djAwQtBuGxP-O16iCT7w1DiJnc6FHkkWxoC9YcQAvD_BwE

[bednobs]

lol the car isnt even on there!

[ladybirder]

In the late 90's I had the bad luck to have my car stolen and smashed up when it was actually increasing in value. It was a rare model and not being made anymore. A few days before it was stolen a chap had given me his card and said if I ever wanted to sell it to give him a call. Not happy with the price my insurance company offered, I did some research and proved to them their offer was too low and they increased it immediately for me. Good result.

[tonyav]

What was the car that was stolen, ladybirder. If you don't mind me asking.

[TonyV]

Bednobs you may have to enter some details

[ladybirder]

It was one of these Tony, in white. Can't remember which year it was but I remember it was FWD. Fastest car on the road in third gear at that time so I was told LOL. That's why it got picked by thieves out of a car park full of cars because they were joy riders and knew what they were doing.
https://www.carandclassic.co.uk/car/C1049972

[tonyav]

Yes I remember those, ladybirder. A proper little pocket rocket.

[ladybirder]

It was Tony, I loved it. Those were the days;-)
Wouldn't want it now though, there was a time and a place and that's gone.

Bednobs I was told at the time that the insurers use the car traders book to set a price but I can't remember what the book is called. Perhaps someone else can.

[bednobs]

8 I. Put the details in and it won't recognise even the model of car or the reg!

[bhg481]

I think Glass's Guide is the publication ladybirder is thinking of - only available to the trade.

[ladybirder]

That's it bhg. Thank you.

[Zacs-Master]

Glass’s guide is now Glasnet.