Seeking advice on how much haggling room there is in these situations with the other driver’s insurance company. Was told they looked at Kelly Blue Book and adjusted for mileage, the offer is about $11k. The accident happened way back at the end of October and we have not had a rental since the driver was a minor. Not sure what is pertinent or not.
Thinking that the insurer looks at this like $11k payout, but it could have been [hundreds?] more if they were providing a rental car since the accident. Wondering if I point out this savings to them if that would open up their check book some.
I figure on their end they’ve come up with a range of reasonable payouts, and didn’t start the offer at the high end of the range. Not looking to screw anyone, just get a fair offer at the higher end of what they are willing to pay.
$11k seems reasonable. The insurance company wants to close claims sooner than later. I also don’t think you have anything to lose by saying you’ll close the claim if you get $12k (and bringing up the rental if they balk). This assumes there aren’t any medical bills or open items you are also settling on.
The sales price listed at a dealership for used cars is higher than the final sales price. And the dealer’s final price is higher than what an individual would receive for selling the same car. Also, a car from a dealer may have a built in 12-month or whatever warranty.