Does anybody have any knowledge of insurance, writing cars off & payouts etc? - HotUKDeals
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Does anybody have any knowledge of insurance, writing cars off & payouts etc?

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Somebody crashed into the side of us on fri. Not a lot of visible damage, just rear drivers side door and wing. The back shock is clonking like mad and the engine is rattling, probably a sensor gone a… Read More
louiseb84 Avatar
8y, 5d agoPosted 8 years, 5 days ago
Somebody crashed into the side of us on fri. Not a lot of visible damage, just rear drivers side door and wing. The back shock is clonking like mad and the engine is rattling, probably a sensor gone as a result of the knock.
Repairers came out this morning to look and said it'll probably be a write off as a door alone would cost £250 + respray. Its only a T reg vectra.
If it is a write off how do they work out what to pay? Is it the book price or the price you insured it at, or neither?
Thanks for any help, just would like to have a rough idea in advance so we can start looking for another car.
louiseb84 Avatar
8y, 5d agoPosted 8 years, 5 days ago
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1 Like #1
They'll offer you the book price minus a random amount at first. Then if you reject they'll come back with another offer. If you think you can repair the car yourself, you can accept the insurance money and buy the car back, then repair it.
1 Like #2
They will pay out book price and not the value it was insured at but saying that it will be abit more than book maybe a couple of hundred more. Repair people always give prices the dealers give.
1 Like #3
They base the value on the current market value for the age, mileage and condition.
1 Like #4
Basically they'll work out what it's worth then give you HALF of that (if you're lucky!!).

Same thing happened to me, woman wrote my scooby off n admitted full blame.
Insurance company literally offered me a 3rd of what it was worth. When i rang them and told them what i though they offered me another 300 quid n told me basically if i didnt like it that i had to take them to the ombudsman (whch they knew i wouldnt do) so just had to settle for that.

However, i did make a claim for personal injury due to whiplash etc and i got just over 2 grand (which i put towards replacing my car!).

Basically just get as much evidence as you can to state what you think your car is worth, i.e check online and in autotrader and cut out ads that have cars like yours and also any service history (if it has FSH) and all receipts etc to show you looked after it.

Just be prepared as most insurance companies are rip off merchants when it comes to paying out!
1 Like #5
From what I understand from friends who have been through this, the value you will be offered is the trade price for the car, based on its condition (before the incident, of course) and its mileage. It will be a low number.

You can do three things:

1. You don't have to accept the write-off, particularly if the car is difficult to replace because it's rare or a collector's item. I knew someone who had an old Alfa Romeo that was badly damaged and he forced the insurance company to repair, even though they wanted to write it off.

2. If the figure they are offering is, to your mind, derisory you can challenge them to find you a replacement car at that price. At least that what I was told some years ago.

3. Argue. You don't have to accept their first offer.

If you want to have an idea as to what you'll be offered, either go to your garage and ask if they'll look up your car in Glass's Guide. Look for the year and the trade value. If you don't have a friendly local garage go to a newsagent and find a copy of Parker's Guide on the shelf and look up your car there. The values are not likely to be wildly different.

Good luck
1 Like #6
Generally insurance companies will offer a set amount against the lowest book price for your car, but if you kick off and point out the selling price on one of the web sites for a car that is similar to yours they will sometimes negotiate. hope this helps and good luck
#7
hmmm. suprising when i rit my car off they paid out really well... above book price and it was high mileage...
#8
suchafunkymonkey
They'll offer you the book price minus a random amount at first. Then if you reject they'll come back with another offer. If you think you can repair the car yourself, you can accept the insurance money and buy the car back, then repair it.


I think that's what he is hoping to do as he loves the car. Any idea how much it costs to buy back? Its the facelift Vectra.

Thanks everyone for your replies, will look up the book price & hope for the best. Think it had about 96,000 miles on the clock, and in good condition apart from the cracked bumper :oops: which was just about to be repaired before the accident, how typical....... The MOT was also due this friday coming.
1 Like #9
louiseb84
I think that's what he is hoping to do as he loves the car. Any idea how much it costs to buy back? Its the facelift Vectra.

Thanks everyone for your replies, will look up the book price & hope for the best. Think it had about 96,000 miles on the clock, and in good condition apart from the cracked bumper :oops: which was just about to be repaired before the accident, how typical....... The MOT was also due this friday coming.


Its getting more difficult to buy your car back from a write off situation and many companies will not sell it back to you, some companies go as far as sending the car miles away to be disposed to stop you buying it afterwards.
If you do buy it back you are going to need to have an engineers report after you do the work or if you had another claim on the car you would get almost nothing for it.
A write off also need sto be declared.

As has already been said you do not have to take their first offer, they can be negotiated with, remember if the other driver is a t fault your company are going to get all their costs back from his company.
#10
I'll let you know what happened to me, i wrote my R reg saxo off last month, not a whole lot of damage but it was a cheap car.
Car cost me £800 but from looking around it was going to cost me more to get a car back which would be of similar milage.
First offer was £600 which i declined, i then had to prove that to replace it it would be more.. got auto trader ads between £1000-1500 and then they came back with £1000 which i was pretty happy with. \They use the glass's guide for their valuation so its worth checking that.
#11
Titchimp
I'll let you know what happened to me, i wrote my R reg saxo off last month, not a whole lot of damage but it was a cheap car.
Car cost me £800 but from looking around it was going to cost me more to get a car back which would be of similar milage.
First offer was £600 which i declined, i then had to prove that to replace it it would be more.. got auto trader ads between £1000-1500 and then they came back with £1000 which i was pretty happy with. \They use the glass's guide for their valuation so its worth checking that.


A good claims adviser will also look at the local prices eg autotrader, etc, as that can make a big difference, some cars are much more expensive to buy in different areas.
1 Like #12
kidcat;4978516
A good claims adviser will also look at the local prices eg autotrader, etc, as that can make a big difference, some cars are much more expensive to buy in different areas.


Yeah, i should add that mine had to be within 60 miles or something of my house.
1 Like #13
At a very quick look they are going for about £1000-1200 but there is one as low as £895. Here's hoping they are pretty generous, the car only cost us £600 I think & thats was only 7 months ago.
Luckily nobody was hurt, had my 2 lo's in the car at the time.
have repped every1 for their help
#14
Insurance is there "to put you back in the financial position you were before the incident" or near enough. They should be paying you enough to purchase a similar car, not how much you would have received for trade in.
#15
Many moons ago a car I had was wriiten off as it was a casualty of two other drivers crashing then one going into my legally parked car. I bought it back and had it repaired and kept it for a while after. What I can't remember is whether it affected any subsequent insurance costs. I think that you would need to mention that an insurance company had wriiten off your car when getting new insurance. Do some homework and factor that in. Unless there is anyone else who knows more.

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