Which value is used by auto insurers paying a claim?

Luckily, this question is just hypothetical. My car is fine. But having just paid big bux to insure it, I'm wondering which blue book value my insurer would use to determine how much to pay in event of a claim.



KBB.com has a trade-in, private party and dealer rate, in order from low to high, and they differ by a few thousand dollars. Also, would insurers take my word for the condition the car was in or do they always assume Good condition?Which value is used by auto insurers paying a claim?
The adjuster will come and look at the car, and draw conclusions that way. Even if it's wrecked, he will know the condition it was in before the wreck.



They have their own book of rates they use, which is more an actual cash value (not replacement value) at the time of the loss.



They will look at options you had, radio upgrades, the engine, things like that.Which value is used by auto insurers paying a claim?
Total loss stettlement is based on current market value of the car, that is, what the buying public is willing to pay for it. NADA, Kelly, ADP, etc is used as a base then value for mileage is either deducted or added, condition, options, etc. Almost all insurance companies inspect the vehicle before determining value (hint -- try to keep it as clean as possible at all times. I can't tell you how many vehicles I have inspected with food stains on the interior, garbage in the trunk, missing wheelcover(s), decals plastered all over the back glass, etc. You may get an inspector that isn't as generous as I am!)Which value is used by auto insurers paying a claim?
i own a repair shop,and have had a lot of dealings with insurance company's,they will go by the lowest book value that they can find on a claim to save money,but usually there pretty fair about it in most cases about the amount they pay out on a claim,but in some cases they do go low on there estimates,,good luck i hope this help,s.
They don't use blue book. They settle based on actual cash value, which is how much you could buy that same vehicle for in the marketplace, which is not necessarily what you'll find in the blue book. Unfortunately, you'll only know what that value is when you have an accident and the damages are assessed with the condition.