Car Damage
Racer
Joined: Jan 2011
Posts: 1,354
Likes: 439
From: oh
It will be more dependent on the insurer. I owned a brand new 2019 Corvette Grand sport with 1100 miles on the odometer when a poor man driving a pickup truck emergency brakes failed. The car rolled down an incline into the passenger side and cause significant damage. Owner exchanged personal data with me. The vehicle was still drivable so I took the vehicle to my local Chevy body shop to get an estimate to repair. Chevy said there was 11K damage. I called the insurance company the other driver provided me (State Farm). Apparently this insurer is well known to screw all claimants. After negotiations between Chevy and State Farm, State Farm only agreed to offer $2,700 reimbursement and this was using used and questionable manufacturer parts. I told Chevy to effect the repair only using Chevy parts and I would pick up the added coast. When I sold the vehicle a year later nobody was will to pay book value as the car was "damaged" in an accident. The best I could come up with $10,000 less than book value on a vehicle that was in excellent shape with 9,000 miles on it. Everyone that made an offer indicated they has looked up on Carfax the car was repaired and they were not willing to pay book. I haggled with the State Farm insurer about this and they refused to compensate me for any diminished value.
Intermediate
Joined: Dec 2023
Posts: 435
Likes: 158
From: GA
Exactly. The insurer of the policy holder who damaged your vehicle will always lowball you on diminished value. That why you file with your own insurance company. They can subrogate the claim with the other insurance company.
Thread Starter
Driver School Candidate
Joined: Dec 2024
Posts: 20
Likes: 10
Racer
Joined: Mar 2020
Posts: 1,728
Likes: 927
From: CA
Seems to me that if you took the car's acv (Actual Cash Value), and added the Diminished value to it, You would most likely have enough to buy a 2025 ES350 ultra outright. If the dealer ship tries to argue the car is worth less, they are shooting themselves in the foot. How much is a 2025 Lexus ES350 with 6 months and 5k miles on it? I am betting 35k to 50k depending on options. If you add even 10k to diminished value over the frame welding, that equals 45k to 60k. Well enough to purchase a new one with like options. The dealer replace the vehicle with new. If I was on a jury trial, that would be my position.
Racer
Joined: Jan 2004
Posts: 1,886
Likes: 456
From: North Carolina
Racer
Joined: Jan 2004
Posts: 1,886
Likes: 456
From: North Carolina
State Farm is who I had to deal with and the easiest I have had to deal with over the years. Seamless process and never a question about diminished value. I used there recommend Caliber collision and 100% went with there estimate and anything hidden. They even paid $700 for recalibration because of bumper removal. I like you had always heard there negative reputation towards clients and claimants and was surprised.
Intermediate
Joined: Dec 2023
Posts: 435
Likes: 158
From: GA
In my state (GA) my insurance company gives me the biggest check for DV. The insurer of the at fault driver lowballs it.
Racer
Joined: Jan 2004
Posts: 1,886
Likes: 456
From: North Carolina
Pit Crew
Joined: Nov 2024
Posts: 249
Likes: 82
From: FL
State Farm is who I had to deal with and the easiest I have had to deal with over the years. Seamless process and never a question about diminished value. I used there recommend Caliber collision and 100% went with there estimate and anything hidden. They even paid $700 for recalibration because of bumper removal. I like you had always heard there negative reputation towards clients and claimants and was surprised.
Racer
Joined: Jan 2004
Posts: 1,886
Likes: 456
From: North Carolina
State Farm are a bunch of criminals. You are the first person I ever heard say anything good about them. Do you work for them? The numerous problems with this insurer are widely known and have been reported by the media. They are leeches that feed off the meek. They are scammers. I would trust a ghetto used car dealer before I ever trusted anyone at State Farm. Yeech!
Pit Crew
Joined: Nov 2024
Posts: 249
Likes: 82
From: FL
I told you I had always heard the same as you and even know of people that have been clients for over 20 years and first claim had a difficult time with them. I was expecting a difficult time with them and got a totally different experience. For me to reply to your remark do I work for them necessitates no reply.
Racer
Joined: Mar 2020
Posts: 1,728
Likes: 927
From: CA
Exactly what outrageous claims did alextv make?
Perhaps I missed something, but alextv only stated his one, and only one, State Farm insurance claim was the easiest he has had which was contrary to State Farm's negative reputation that he had heard about. He just stated the facts of his one State Farm auto insurance claim settlement and expressed his opinion on how the claim process compared to his previous claim processes with other insurance companies. Nothing more; nothing less; and nothing outrageous.
Joined: Feb 2001
Posts: 31,944
Likes: 2,737
From: North Carolina
Hmm...
Exactly what outrageous claims did alextv make?
Perhaps I missed something, but alextv only stated his one, and only one, State Farm insurance claim was the easiest he has had which was contrary to State Farm's negative reputation that he had heard about. He just stated the facts of his one State Farm auto insurance claim settlement and expressed his opinion on how the claim process compared to his previous claim processes with other insurance companies. Nothing more; nothing less; and nothing outrageous.
Exactly what outrageous claims did alextv make?
Perhaps I missed something, but alextv only stated his one, and only one, State Farm insurance claim was the easiest he has had which was contrary to State Farm's negative reputation that he had heard about. He just stated the facts of his one State Farm auto insurance claim settlement and expressed his opinion on how the claim process compared to his previous claim processes with other insurance companies. Nothing more; nothing less; and nothing outrageous.
verocarguy I understand you had (and shared)a bad experience but that doesn’t give you license to make rude and personal commentary if someone else had a good experience and similarly shared it.
Please ratchet it down a few notches or exit this thread.