1. Find comparable vehicles.
Search online for similar vehicles to yours in your area that are for sale. You can use websites like Craigslist, Autotrader, or CarGurus. Note the year, make, model, mileage, and condition of these vehicles.
2. Contact the insurance company.
Call your insurance company and speak to your claims adjuster. Let them know that you believe the Actual Cash Value (ACV) they have offered you for your totaled vehicle is too low. Provide them with the information you have gathered on comparable vehicles.
3. Negotiate the settlement.
The insurance company may be willing to adjust the ACV of your vehicle based on the evidence you provide. Be prepared to negotiate and show them that you have done your research and know what comparable vehicles are selling for.
Here are some tips for negotiating with your insurance company:
Be polite and respectful.
Be clear and concise in your communication.
Be prepared to provide evidence to support your claim.
Be willing to compromise.
If the insurance company still does not budge on the ACV of your vehicle, you may want to consider filing a complaint with the state insurance department.
