Copr
Member
Insurance companies take in to effect local values as well. Basically they go to websites like cars.com or autotrader.com and look at what the value of the vehicles are in your local area.
Courtesy of the claims dept of Farmers. A lady with Farmers hit my 96 Ranger XL. Book value was right around 1000.00 but because it was low mileage 23k in 06 (ex part store delievery truck) and other local trucks with same mileage were going for close to 3,800.00 they cut me a check for 3,600.00. Now if they only knew those were some hard 23k miles.
Courtesy of the claims dept of Farmers. A lady with Farmers hit my 96 Ranger XL. Book value was right around 1000.00 but because it was low mileage 23k in 06 (ex part store delievery truck) and other local trucks with same mileage were going for close to 3,800.00 they cut me a check for 3,600.00. Now if they only knew those were some hard 23k miles.