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Smart Shopper Replacement Cost by Insurance Company for Totaled Vehicle
196 messages, Last post on Nov 17, 2009 at 7:17 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Can a car be totaled twice in Virginia? I have a car that was totaled several years ago, but I bought it back from the insurance company and had it repaired. At that time, that insurance company let me insure it with comprehensive and collision coverage. Now I am changing insurance companies and the car is 13 years old. Should I pay for compre. and collision insurance? Since its value is only $2500-3000 according to Edmunds, it wouldn't take much damage to be declared "totaled" again. Does the insurance company devalue the car because it was already totaled? Is it worthwhile to pay for the extra insurance?
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Replying to: teacher8 (Dec 14, 2007 8:50 pm) Insurance companies pay what a car is worth. A car with a salvage title is worth significantly less than one with an unbranded title. Comp is a tougher call and depends on the deductible and cost. |
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Thank you for the prompt response to my query. However as far as I know I do not have a "salvage" title. Is this a separate document? At the time of the accident, my insurance company did not take the original title. They just adjusted the price of the settlement and allowed us to keep the car and have it repaired. They then allowed us to insure the car with both collision and comprehensive for the last seven years. I am now changing insurance companies. But I'm sure if the vin number is checked, the accident and the fact that it was totaled is recorded. Would that constitute a "salvage title"? As far as dropping the collision, the extra amount that I was quoted for both comprehension and collision with deductible of $50 and $100 is only $130 more for six months. These seems low and maybe worth paying unless the collision would not pay at all if the car was deemed "totaled". I have heard that a car cannot be declared totaled more than once. Is this true?
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Replying to: teacher8 (Dec 15, 2007 6:36 am) If you think it's worth $260 per year for the coverage, keep the coverage. The insurer will pay if it's damaged again. |
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Replying to: teacher8 (Dec 14, 2007 8:50 pm) I think you need to explain the situation completely to the new insurance company and see what they say. No need to pay them if they are going to deny any future claims based on the history - which they will discover in the event of a claim (if not sooner) whether or not it is disclosed up front. Let us know what you find out! |
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I was recently in an accident, I ran into a curb that was about 5-8 inches above the ground, and it pushed back the wheel of my sunfire, and in doing so it pushed the fender back just enough to make the door nearly impossible to open. So my question is do you think there is enough reason to deem my car Totaled btw its a 95 sunfire 
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Replying to: tybo2 (Dec 20, 2007 8:38 pm) I don't think so. Essentially, the criterion for "totalling" a vehicle is that the cost of repair has to be comparable to its replacement cost. tidester, host SUVs and Smart Shopper |
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Replying to: tybo2 (Dec 20, 2007 8:38 pm)  How many miles do you have on it? I can imagine that there are some '95 Sunfires that might only be worth $500. Which begs another question? You are still carrying collision on a '95 Sunfire? Regards, kyfdx visiting host |
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well, im not goin to lie, im actually in canada, where you have your insurance, with the price of your plates every month, no matter what your car is insured, and will be fixed, and all you have to do is pay your deductible
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Smart Shopper Replacement Cost by Insurance Company for Totaled Vehicle
