How Can I Negotiate With An Auto Insurance Settlement?

Below are some helpful hints to get you back on the road and to answer the question: How Can I Negotiate an Auto Insurance Settlement?

The First Step for How Can I Negotiate With an Auto Insurance Settlement?

If your vehicle is deemed to be a total loss, meaning that the amount of damages surpasses at least 80% of the value of the car, the insurance company will offer you settlement monies to replace your vehicle. However, this is often where things can get tricky. Many people believe that their vehicle is worth more than what the insurance company offers. If you are presented with an offer that you believe is too low, the first step is to research your vehicle with Kelly Blue Book. This will give an average of what a vehicle of your make, model, year, and condition is worth.

Research Dealerships

Although Kelly Blue Book may give you a value, many insurance companies estimate value based on what similar cars in your zip code have sold for. Therefore, contact nearby dealerships and obtain some specifications on the sale price of comparable vehicles. You can also go on-line and print off recently sold cars that are the same make, year, and model of your vehicle, along with the sale price.

Negotiating Your Settlement

Once you have all documentation, the final step in how can I negotiate with an auto insurance settlement begins. Send all gathered information to the adjuster. Begin negotiations with the highest number presented in your evidence. When you are presented with a counter offer, reject the first offer, as this will often result in the adjuster raising the settlement. Once the offer is raised, counter with a higher number. Continue the process until you reach a settlement that you feel is fair. However, this will often happen after one or two counter offers. Good luck!

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How Can I Negotiate With An Auto Insurance Settlement?

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