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The Insurance Company gave me $18K for my LS1!!

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Old 10-23-2007 | 06:36 PM
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Default The Insurance Company gave me $18K for my LS1!!

So I was rear ended and my car was totaled...Thank you Allstate for giving me so much. I still cant believe 18K. I only paid 12K for the car in the first place. It was just a plain 2001 A4 trans am. No Ws6 or anything.

Pics of accident: https://ls1tech.com/forums/showthrea...t=#post7773576


I found this 01 firehawk, another ls1 on the way soon.




After getting your car totaled, how much did you get for it?
Old 10-23-2007 | 06:41 PM
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How many miles were on your car

I only have wrecked my bumper, my hood and my right lightm and allstate gave me 7 grand
Old 10-23-2007 | 06:52 PM
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i had 51,xxx
Old 10-23-2007 | 08:06 PM
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I thought the shop had already ordered all new panels and stuff or your car and they were going to fix it? I agree it should have been totaled though that car was junked.
Old 10-23-2007 | 09:00 PM
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Originally Posted by ICEMAN 31
How many miles were on your car

I only have wrecked my bumper, my hood and my right lightm and allstate gave me 7 grand
7 grand is what I got for mine aswell.

...Interesting that thats how much they're giving you tho. Lucky bastard! Have you gotten the check yet?
Old 10-23-2007 | 09:18 PM
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So the body shop ordered all new panels and are ready to fix it, but the insurance company gave you $18,000 and totalled it? Which one is it?
Old 10-23-2007 | 09:25 PM
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they gave me 18k too, almost 19. Took it and got me a new toy- check sig
Old 10-23-2007 | 10:18 PM
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They( harolds body shop) told me that they ordered all new parts, but then they stripped it down more and found more damage and that they wanted to replace the entire back clip. I didnt want them too, and also something about the insurance company didnt support it.blah blah blah.

im getting the check at the end of the week/beginning of next they said.


Im just glad they gave me that much. I can get a 2001 slp firehawk with 59,xxx miles for less than $15K.

and the other 3K pays for a year of insurance.
Old 10-23-2007 | 11:23 PM
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How the hell did they give u 17K wow, way over book value, maybe i should put collision on my SS, i thought it was pointless since it only books at 10K
Old 10-23-2007 | 11:31 PM
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wow thats insane that you got 18k
Old 10-23-2007 | 11:31 PM
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ahh i see where this price came from: http://www.nadaguides.com/usedcars.a...487&da=-1&nx=1
Old 10-23-2007 | 11:37 PM
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damnn they gave you alot for that car
Old 10-24-2007 | 02:00 AM
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Originally Posted by Usasoc
They( harolds body shop) told me that they ordered all new parts, but then they stripped it down more and found more damage and that they wanted to replace the entire back clip. I didnt want them too, and also something about the insurance company didnt support it.blah blah blah.

im getting the check at the end of the week/beginning of next they said.


Im just glad they gave me that much. I can get a 2001 slp firehawk with 59,xxx miles for less than $15K.

and the other 3K pays for a year of insurance.
DUDE!!!!!,... **** the Vette'!!.. If they gave you that much,... buy a bone stock cheep LS1 f-bod and ProCharge the **** out of it and walk on a Z06 all day!
Old 10-24-2007 | 02:54 AM
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first off you guys have to understand that insurance companies dont go off Kelley Blue book. They go off "fair market value", meaning that they look at your surrounding area for cars for sale or just sold cars at dealerships, that are like kind and quality. That is how they come up with the price. 51xxx miles is still under what the average for that car should have on it. I got 19.9K after a 1K deductable when I blew a right front tire on my 02 M6 Z28 just over a year ago. and my car had 48xxx miles.

Congrats on not having to hassle with the insurance company, some of them will really beat around the bush before they give you a fair price for the car.

good luck with the new car too.
Old 10-24-2007 | 02:55 AM
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oh and as far as NADA its a starting base for a lot of companies.
Old 10-24-2007 | 03:09 AM
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BeemerZ28 beat me too it! I was actually just about to pop back in here and say what he said about "fair market value".
Old 10-24-2007 | 08:35 AM
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congrats and i thought allstate hates our cars
Old 10-24-2007 | 09:18 AM
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I thought the shop was fixing it and had already ordered parts?? Or once they got into it did they find it was much worse than they thought?
Old 10-24-2007 | 09:39 AM
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why are T/A's so muhc more valuable to nada then camaros yes you can pick them up for essentially the same price?
Old 10-24-2007 | 02:58 PM
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The insurance company may also be trying to make you happy with the car settlement so that you don't sue the hell out of them for the injuries.



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