Hello,
I recently had our 1996 P Reg Honda Civic Coupe damaged in an accident and later deemed by the insurance company as not cost effective to repair - a 'write-off.'
The car has been owned by us for 9 years and we are the 2nd owners. Very good condition. What do you consider to be a realistic valuation for a pay out by the insurance company?
Thankfully we were "fully comp"
Regards
Stephen.
Hi Stephen,
We have been asked this kind of question so many times, that we now provide a service which will generate a report for you to use in negotiations with the insurer.
In most cases the insurer will quote the lowest book value. Which is unfair because they will use trade books, designed to advise traders on the price to pay when buying cars, to sell for a profit. It also fails to take into account regional variation.
So using our prices (which you can look up for free here: price guide) we first of all find out the average retail price in your area. It currently looks like £1,400 is about right for your car - depending on the mileage.
This is fairer because you are a 'retail buyer' not a trader and you shouldn't have to travel the length of the country (as it will cost a fortune with today's train prices) to find a car of similar standard.
But that's often not enough, so we also tell you approximately how many are available to buy in your area, how many are at dealers, and include examples of real cars that you could buy.
This makes a comprehensive argument to the insurer and helps you get the payout you deserve.
You can do this yourself by using our prices, and 'cars for sale' section (combined with searching the other major sites too) or we can do it for you.
Just click here to order our Insurance Valuation Report.
Best of luck,
Matt