How do you negotiate with an insurance company for your totaled car?

Answer 1

First off, if your vehicle is totalled, the insurance company must give you a rental vehicle.

Check the NADA current value of your vehicle , as well as several other resources such as Edmonds.com, Kelly Blue Book, etc.

Be sure to look up the options that you had on your car an assure that the insurance company includes them when they are figuring the price out. Also, if you have things like brand new tires, mention it, as it could make the value go higher.

Wait for them to tell you what they are going to offer you before you say anything about the price.

It could make a difference if you are dealing with your insurance company or if you are dealing with the company of the person who hit you. If the insurance company thinks they will be avoiding a possible lawsuit before they may give you a fairer value. However, don't come out gun blazing talking about lawsuits, etc. Wait to see what they want to offer you. See if you think that number is fair. If so, you are fine. If not, come back with a counter offer (having done the research.)

Good Luck!

Answer Provided by KeepItSimpleCoaching.com (This answer isn't complete, as I was just hit and am going through this process right now...)