Car Written Off - How to Negotiate with Insurance Company?

LeBron23 on 23/12/2020 - 17:19
Last edited 23/12/2020 - 17:45 by 1 other user

Hello everyone.

I recently had an accident and I have got 2010 Mazda 3 Neo sedan automatic with 125,000 kilometres, I have sent my car for insurer repairer and today I got a call from my insurance saying that my car has to be written off because its more expensive for them to repair and they offered me $7600 as market value of my car.

Upon checking on internet, i find out that the the same model car is been selling around $9k to 11k at car sales and other websites. So, guys any idea how to negotiate for better price with the insurance. How do they calculate market price? I heard that insurer use Autoedge exclusive website to calculate market price. How well does it calculate?

I have just found out used car market has surged and prices are hiked due to Covid. What would be reasonable price to negotiate ? I wasn't prepared for this and now this car market price have made me more confused so could you please help me if someone have some experience on this or have any knowledge about it.

Any help would be appreciated!

Thanks again!

Automotive

Comments

  • urahara on 23/12/2020 - 17:35
    -4

    https://www.ozbargain.com.au/node/299838
    (mod: removed inflammatory remark)

    • Ocker on 23/12/2020 - 18:35

      Things can change in the 3 1/2 years since the post you have tagged

  • FoxJump on 23/12/2020 - 17:43
    +10

    My car was written off when insured for market value through NRMA.
    I gave the assessor a few adds for CarSales that I thought was was equivalent.
    I then provided invoices for all the accessories I could not remove.

    He then paid me a price in similar to the car sale ads and then 50% for the accessories

    • netjock on 23/12/2020 - 20:01
      +1

      This answer. Best to have proof to back up your assertion.

  • JimmyF on 23/12/2020 - 20:09

    So, guys any idea how to negotiate for better price with the insurance

    Call insurance company and give them links to similar cars etc and request a review of the price.

  • adam on 23/12/2020 - 20:21
    +1

    They don't have to pay you want is needed to buy a replacement, only what you could have got if you sold the car prior to the accident. Power is with them, so best to remain polite.

    I've been through the write-off process several times and best result is to do your research, have clear evidence available, remain friendly & persistent. Also doesn't hurt to call and discuss it at the end of the day/week/year when the assessor just wants to get it over with and get you off the phone.

  • perhaps on 23/12/2020 - 21:21

    did u get rear-ended

  • MS Paint on 23/12/2020 - 23:47
    +2

    Next car get agreed value comprehensive insurance.

    No need to negotiate.

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