When the car is written off and the insurance company offers much less?

Question

I had a car accident last week, got slammed onto a truck. Collision on a country road. Anyway, all alive but my car was written-off by the insurance company. Apart from the fact that their representative messed me about, he is now offersing €4700 for my Ford Focus that I bought in April this year for €5500. His arguments don't make sense because the average price for the same car on the market is €5300 now. What are my options please? Should I agree to this sum? Would appreciate your advice!

Answer 1

Unless you have an agreed value on your car insurance companys can pay " market value " for the car . Im my experiance this is a joke cause it varies from company to company  

Answer 2

That sounds about right to me, actually.  Cars depreciate the second you drive them off the lot.  Sucks, but it's the way of the world...You can always try to appeal.  Maybe ask for a different agent to review the case?  But honestly, I think that's the best you're going to get, unless you happened to have gap insurance...

Answer 3

Tell the agent you have researched comparable vehicles and that you are not willing to accept their initial offer. Do remember though, just because you paid a certain amount for the car not long ago does not mean that is what you will receive.  

Answer 4

They offer you the value you would get if you trade in the car. This is lower than the average selling price. Thus, the settlements offered are always on the low side. Its not fair but that's the game you play when you drive.