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08-18-2010, 03:33 AM
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#1
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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people with totalled 93-02 f bodies, step inside
What did/do insurance companies usually give for your totalled fbody and what do they normally charge to buy your totalled car back?
besides going by the obvious condition of the car before the accident, do they add dealer value and trade in value, then get an average from that to determine value of the car?
is there a percentage that they go by when figuring out what the salvage value of the car is?
thanks for any input 
If it helps, my car is a 99 z28 6speed manual, pwr everything, t-tops, leather, 12disc,alloy wheels, 88,600 miles. before the accident, other than a scratch on the passenger side 1/4 panel, the car is pretty darn clean and interior is in great shape.
NADA says $5,975 for clean trade in and $8,225 for clean retail. average would be $7,100
KBB-- trade in value- $5,300, private party value excellent- $6,915, $6465 good, and $8,600 for retail value
average of those two would be $5,882-$7,757 (depending on what numbers they average)
their insurance company, liberty mutual, will be paying me
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
Last edited by 98tadriver; 08-18-2010 at 03:52 AM.
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08-18-2010, 06:49 AM
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#2
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Guest
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My insurance company actually used "market value" it was almost the same as dealer
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08-18-2010, 08:10 AM
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#3
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Usually the buyback is 10%. Keep in mind they'll probably take out your $500 deductible in the settlement as well.
Keep in mind that you're under no obligation to accept your insurance company's offer. If you feel you're being low-balled then fight for what you think you're entitled to.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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08-18-2010, 08:59 AM
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#4
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Join Date: Mar 2007
Location: NJ
Posts: 540
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Most of the people I've talked to in similar situations shop around on autotrader/craigslist and local ads. Find something as close as possible to your car . If the insurance company offers you something that you think is unfair you can show them what a similar replacement would cost you.
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08-18-2010, 12:28 PM
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#5
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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Quote:
Originally Posted by Frosty
Usually the buyback is 10%. Keep in mind they'll probably take out your $500 deductible in the settlement as well.
Keep in mind that you're under no obligation to accept your insurance company's offer. If you feel you're being low-balled then fight for what you think you're entitled to.
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i dont have a deductible, i had only liability on the car. Seeing that the accident was 100% their fault, i would think their insurance company would be paying for it all. 10% buyback would be freakin sweet lol
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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08-18-2010, 01:20 PM
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#6
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13 Second Club
Join Date: Jul 2004
Location: Ewing/Galloway, NJ
Posts: 3,904
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i didnt have full coverage on mine when i totalled it, but it was 100% my fault and i didnt get ****...
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EB
99 Riviera, Bone stock, 14.34 @ 96 "Walking 5.0's in luxury" RIP
95 Cherokee, Bone stock 16.2 @ 83 "Treeing your 3rd gen and beating it to the line despite trapping less....and looking better"
93 TA, Bone stock, 13.8 @ 100 "Beating ****** drivers in ****** LS1's"
https://www.facebook.com/groups/285090241699967/
R.I.P. Tia 
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08-18-2010, 04:28 PM
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#7
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by 98tadriver
i dont have a deductible, i had only liability on the car. Seeing that the accident was 100% their fault, i would think their insurance company would be paying for it all. 10% buyback would be freakin sweet lol
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Wait, then are you going through her insurance company?
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2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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08-18-2010, 06:27 PM
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#8
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Quote:
Originally Posted by Frosty
Wait, then are you going through her insurance company?
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See first post:
Quote:
Originally Posted by 98tadriver
their insurance company, liberty mutual, will be paying me
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It does look that way to me.....
- Justin
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1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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08-18-2010, 07:13 PM
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#9
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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DOH! I completely missed that part, that's what I get for posting while I should be working 
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2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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08-18-2010, 07:37 PM
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#10
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Join Date: Apr 2006
Location: Landing, NJ
Posts: 1,042
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this kinda happened to me with my 06 dodge stratus, a lady t-boned me and she admitted it and there where a few witness, but in a nutshell they paid off the loan and took the car because i had a loan, i forgot there insure corp, but i never got an opt to buy back the car im sure if it was paid off then i would have that option to buy the car. but yes they average it with the value of it what it is worth with what you get like if you go to a dealer and trade it in type deal.
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87 Trans Am 5.7, Auto, posi disc rear, flowmaster muffler, all org car.
88 Iroc-Z TPI, Cammed 350, Vortex Heads, Magnaflow, T5, 4 Wheel Disc, 3.27 9 Bolt PBR.
91 Trans Am VertTPI 350. 700r4, K&N Air Cone, Ryven Muffler.
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08-18-2010, 09:37 PM
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#11
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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Quote:
Originally Posted by Frosty
DOH! I completely missed that part, that's what I get for posting while I should be working |
lol yeah their insurance company is taking care of it. 100% their fault.
Not to go off-topic but a friend of mine got some info on this girl too-
she recently got her license back in march of this year
has a criminal record - a few counts of possession (oxycotton, marijuana 2x)
And from what my insurance rep said, it was her friend's car that she was driving and not her own
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
Last edited by 98tadriver; 08-18-2010 at 09:38 PM.
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08-18-2010, 09:56 PM
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#12
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Join Date: May 2008
Posts: 817
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I believe I bought my old camaro back from insurance for $50 (not a typo)
It was valued at 5-7k just like yours and I got $5200ish for it
I posted pics in your other thread, damage was very similar to yours. It was still drivable, 60k miles on it, good engine/trans/rear, everything still worked and in great shape other than what got hit.
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|2000 Trans Am|T56 swap|Bolt Ons| Suspension|
Last edited by creeper; 08-18-2010 at 10:09 PM.
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08-20-2010, 12:19 AM
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#13
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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update- this guy lou at rio autobody told me it was totalled 2 days ago, now he's saying they can fix it. im going to some other places to get it looked at
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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08-20-2010, 06:43 AM
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#14
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Ron, you sign NOTHING. That's an old body shop trick, you just need to get an estimate. He if at any point asks you to sign something you take the car and leave ASAP.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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08-20-2010, 11:27 AM
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#15
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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i wasnt fallin for it! lol. i should consolidate these 2 threads, or maybe make a new one haha
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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08-20-2010, 12:07 PM
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#16
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12 Second Club
Join Date: Mar 2008
Location: Levittown PA
Posts: 323
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The one car I had totaled they averaged retail and wholesale I was fine with that and accepted.
Also my buy back was $100.
Now like everyone else has said, if your not happy with their offer don't accept it.
If need be hire a lawyer, or atleast threaten to.
__________________
2012 Mustang GT 'vert 6-spd, Rollin' in my 5.0
2002 T/A 'vert triple black 6-spd. Stock.Sold
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08-20-2010, 12:40 PM
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#17
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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Quote:
Originally Posted by 98tadriver
i wasnt fallin for it! lol. i should consolidate these 2 threads, or maybe make a new one haha
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I can do that!
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Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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08-20-2010, 04:43 PM
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#18
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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Quote:
Originally Posted by BonzoHansen
I can do that!
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Go for it! entitle it Ron's car accident/insurance mess lol
so i go to rio autobody today, (liberty's recommended body shop)and im never going back there again lol. freakin guy quotes me at 2900 bucks WTF lowballed the crap out of me AND THENN he says the insurance company should have the check for me soon. I asked for a quote not a check! so i called the insurance company and they dont have the check ready yet and let them know i am NOT getting anything done by that guy
my first choice of 3 body shops that i will choose for quotes- i went to eddie's auto body repair in north cape may, He said it will be totalled. cost to fix would be $5,872.00 sounds more like it
i will put the other quotes up as i get them
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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08-20-2010, 04:49 PM
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#19
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Classic body shop move. They low ball the job, you say "sure, fix my baby" they then bamboozle the insurance company with a huge supplement after getting into the repairs, they(the insurance company) then total it and then the shop comes after you for anything and everything the insurance company won't pay for.
F'in scumbag.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
Last edited by Frosty; 08-20-2010 at 04:50 PM.
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08-21-2010, 10:57 AM
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#20
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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Quote:
Originally Posted by Frosty
Classic body shop move. They low ball the job, you say "sure, fix my baby" they then bamboozle the insurance company with a huge supplement after getting into the repairs, they(the insurance company) then total it and then the shop comes after you for anything and everything the insurance company won't pay for.
F'in scumbag.
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hell yeah, thats the general consensus on this Lou guy. every person ive talked to about him called him that or worse lol
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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