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ryb21

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  1. I was in a car accident a few weeks ago, which wrecked the whole front end of my car (07 Chevy Tahoe). The other driver was issued a ticket for failing to yield the right of way. Shortly after filing a claim with his insurance (State Farm), they accepted liability and set me up with a rental. After speaking with my own agent, as well as the agent from SF who handled my claim, they essentially said they expected the car to be totaled between the damage done and the fact that the car is 10 years old. A few days later I get a call from someone from State Farm, saying that the appraiser determined that the car was repairable and gave an estimate of $8942.99. She said their total loss threshold for the state (Texas) is 70% and that I'm right around 55%. Back calculating this, it looks as though they're appraising my car at a little over $16,200. Given the mileage (~112,000mi), KBB states that even in "Excellent" condition (which only 3% of the cars they value actually are) the Private Party value is $15,029. After sending out a few instant offers through KBB, the trade-in offers I received back average at about $9,000. I realize these are lowball offers and I could probably get them to come up a bit if I were to negotiate, but not by $7,000. Is State Farm over-valuing my car so that they can stay away from that 70% mark? I asked for both the estimate and appraisal report and so far, I've only received the repair estimate. As counter-intuitive as it sounds, should I argue that that value is unrealistic as I'd never manage to sell it for $16k. I've been planning on selling it for a few months now, and I can only imagine the accident I was just in will affect what I can get for it. Even if I were to keep it, I'm wondering the likelihood that it's suffered any mechanical damage and two months from now, I'll be back at the shop dealing with it yet again. Waiting to hear back on the estimate from the shop I sent it to, but State Farm has been dragging their feet on getting it towed there from their storage lot. Depending on whether or not the damage ends up being more substantial than originally thought, they might just go through with the repairs and now I have to try and sell a car that's literally just been in an accident. I've also considered a Diminished Value claim, but want to consider all my options before proceeding. tl;dr: Got in not-at-fault wreck, insurance company wants to repair car since it doesn't meet their 70% criteria, possibly because they've appraised it for an unrealistically high number. Could I get them to total it to avoid all the hassle involved with selling car that was just in an accident? Any advice?
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