How does the insurance co. reach their price at which they'll sell me the vehicle back after deeming it totaled? 1995 GSR semi-clean/semi-rough. prolly ~120k miles

 

I beleive they go by the blue book of what the vehicle is worth. When my truck got totaled I got around $1600 when the value was around $2200 (I had 300,000 plus thousand miles when it happend). They just deduct what ever price for the "buy back" from the check that they cut you.

 

to be clear...I'm wondering how much they'll sell me the wreck for, and how they set that value if I need to haggle. Car is worth somewhere around 4k maybe...body shop estimate is 4288,
The amount they'll give us is one thing...but I want to get it back and fix it, it's not that bad, it's driving. But I ain't giving like 2000 or sumthin, wondering how much they'll ask.

 

its kinda weird each company will do their own thing when it comes to buy back pricing, example my buddy got his car stolen 00 civic si and the POS also decided hitting a curb at 45 mph rolled end over end like 100 ft nothing fixable about the car at all and they offered to sell it back to him for $600, and another buddy of mine got his seats stolen out of his 94 coupe no body damage he filed a claim cause hes broke, and they would cover it, they ended up totaling it out and giving him a $1400 check and only cost him $160 to buy back after a little haggle. each company is different feel them out

 

yeah, that's what i think.

 

what they do depends on the area and insurance company...with your car since it is a total lose is what they will call it so they will cut you a check for what the see it is worth then they will most likly see what can be salvagable(sp?)


they will prolly sell it back around 500ish...i picked up my buddys wrecked civic for 425 when they totaled it out