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Insurance offer on totaled car

Discussion in 'Gen 4 Prius Main Forum' started by Deb71, Dec 9, 2023.

  1. Deb71

    Deb71 New Member

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    I am new to this site so forgive me if this has already been covered. Our beloved 2017 Prius touring car-loaded-leather seats, etc hit a deer. Even though the car drives well, insurance totaled it. I know everyone thinks their car is worth more than anyone else thinks but ours was in pristine condition and had always been serviced every 5,000 miles at the dealer. No blemishes. New tires. Inside looks brand new. The drawback? 195,000 miles. That said can anyone tell us a fair price the insurance should pay? Or give us negotiating tips?
     
  2. JC91006

    JC91006 Senior Member

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    Insurance will basically pay the equivalent of what's in the marketplace. However you won't have many to compare to on the retail market with 195k miles. They normally would have to match an advertise retail value on the car from a selling dealership, but it'll be hard to find anything selling with that many miles.

    For now, they should at least pay you the kelley blue book price. Their offer should not be under that.

    You also have the option to buy your vehicle back from the insurance company after it's totaled. You will get a "salvage title" or whatever is equivalent in your state. Then repair what's damaged and continue driving it after passing state inspection.
     
  3. Pulse07

    Pulse07 Active Member

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    The difficulty in keeping it would also be be finding a shop to fix it. Most shops probably wont even want to touch it. Parts are hard to order, cost is too much. The time the shop would have spent, they can churn out more cars at lower prices, but still nets out more than to fixed a salvaged car. There's no financial incentive for a shop to fix it.
     
  4. JC91006

    JC91006 Senior Member

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    if the car still drives well then maybe the damage is cosmetic. Simple replacement using used parts from wrecked cars. This car probably got totaled because of the mileage, making the car's value low.
     
  5. Pulse07

    Pulse07 Active Member

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    I guess you can frankenstein a repair from pick n pull. But I doubt any body shop would offer that kind of service. I guess you can DIY, but not a route I'd personally do down
     
  6. JohnPrius3005

    JohnPrius3005 Active Member

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    Try to find an attorney friend or friend of a friend to negotiate with the insurance company.
    Buy the totaled car back and sell it. This will be tough because you'll be dealing with yet another set of crooks.
    Insurance and car dealing are both scams.
    Or you can learn a whole new set of skills. This will be hard too. But potentially rewarding.
     
  7. bisco

    bisco cookie crumbler

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    if you have replacement cost insurance, that's what they should pay you, based on what can be found in the marketplace.
    you won't get anything for the tires/maintenance/etc. it's all based on model and trim.
     
  8. Me_

    Me_ Junior Member

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    air bags deployed @ your mileage and year = automatic total lost
     
  9. MPGesus

    MPGesus Junior Member

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    Sorry to hear. Having a car totaled sucks. Our 2014 Prius 3 (w/ solar sun roof) was recently totaled at 106K miles, insurance paid us a little over 12K USD for it. Would’ve been probably ~9Kish if we kept the car. FWIW, that was bit more than what KBB/Edmonds said the car was worth (I wasn’t able to put solar sun roof in when estimating the value on those sites though).
     
  10. Rocko316

    Rocko316 Junior Member

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    I actually made out pretty well when insurance totaled my car after someone broke in a week before xmas, took the rear seat and ripped off all the paneling with what looked like they were going for the hybrid battery. Because of that the adjuster said it needed to be replaced and the estimate just for that battery pack was $10k. So it got totaled. Mine only had 80k miles so not near your mileage, but they gave me $21k plus taxes and registration costs. $22500 total. They basically use a service that looks at local listings for your same model car, and adjust for mileage. Mine was adjusted up $500, yours would probably be adjusted down. But used primes are going for high prices so you should get a good offer. After looking at listings I found the offer more than fair and accepted it.

    I paid $16k for it used 3 years ago when hybrid prices were low because of low gas prices. So actually made $5k profit. Just bought a 2019 Honda clarity to replace it since it has more range and horsepower, similar to the new prius prime but at much less the cost and more interior space.
     
  11. Oleg Prisacari

    Oleg Prisacari New Member

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    I always check with kelley blue book