Go Back   EcoModder Forum > Off-Topic > The Lounge
Register Now
 Register Now
 

Reply  Post New Thread
 
Submit Tools LinkBack Thread Tools
Old 03-10-2014, 07:02 PM   #31 (permalink)
Hydrogen > EV
 
Join Date: Apr 2012
Location: NW Ohio, United States
Posts: 2,017

Snow White and the 6.2 Dwarfs - '11 Chevrolet Corvette LT2
Last 3: 26.46 mpg (US)

Silver Flea - '05 Honda Insight
90 day: 58.96 mpg (US)
Thanks: 981
Thanked 383 Times in 279 Posts
Guys!

I hope you know there is zero chance I am getting rid of her.

My original options were:
A- Don't accept claim, do nothing.
B- Accept claim, gets repair money.
C- Accept claim, gets totaled.

There are more, but these were included in my plan. Since my insurance company does not increase my rates in any way for a no fault accident (well, the deer is at fault, but she won't be talking...) I have crossed off A.

Now, I will either have the car totaled and buy it back- providing it is a reasonable buyback, or accept the amount they give. Since the KBB is around 2k, I imagine it will be near that. The only hiccup I may have will be if they low ball it, and say they will give me 1k for it- then with a $500 deductible, and a buyback [say for example] $500, there is no point to keep it. I will pull the IMA battery (~1500 value), tires (~300), wheel skirts, and anything else I can resell while keeping the car in tact.

Or, just not complete the claim and part it out, then buy another. So it is possible I will be parting with her, or tearing her apart, but unlikely, and I don't plan to. No word yet on a quote.

__________________





Best Tanks:
Mustang - 54.83 mpg (US) at the Green Grand Prix
Insight - 82.91966 mpg (US) over 818.5 miles.
  Reply With Quote
Alt Today
Popular topics

Other popular topics in this forum...

   
Old 03-10-2014, 07:42 PM   #32 (permalink)
.
 
Join Date: Dec 2011
Location: The Berkshires, Massachussetts
Posts: 885

Ruby Sparks - '01 Honda Insight
Team Honda
90 day: 64.27 mpg (US)
Thanks: 111
Thanked 362 Times in 202 Posts
My 01 143,000 miles, is valued at $1,900 for excise tax purposes, I paid $3,200 for it, could've got it for less. The other guys Insurance company paid $4,200 - $500 buyback= $3,700. My car suffered significantly less damage, no broken glass, no airbag, only a cosmetic gouge from the front quarter panel to the rear quarter. Perfectly drivable.

It was kind of a relief cause now i have no financial investment in the car, and no vanity in my car as an object or a statement about who i am.

They're probably going to give you a claim based on value of your car. Since repairing it and any unknown problems might exceed the value of a 14 year old car. I'd take that money and either pocket it, or buy another Insight.

Now buying back your damaged Insight i would consider a good investment if they give you a low price. You can use it as a parts base to support a new Insight which is useful, or sell it off for parts and scrap.

Try to find out how much it'd cost to make it roadworthy. IF you buy it back really cheap, and spend a minimal amount to make it roadworthy that is a plus. Since there's not much to care about how it looks, basjoos an aero front end. But that is IF it can be done in a cost effective way.

Having a cheap $500 car like mine makes the fuel savings payback instant. I don't buy comprehensive insurance on it. I can park the road rashed passenger side inches away from offending parked cars and not care about nicks. I ignore the dealership trying to upsell me car repairs.
__________________
I try to be helpful. I'm not an expert.
  Reply With Quote
Old 03-10-2014, 07:46 PM   #33 (permalink)
.
 
Join Date: Dec 2011
Location: The Berkshires, Massachussetts
Posts: 885

Ruby Sparks - '01 Honda Insight
Team Honda
90 day: 64.27 mpg (US)
Thanks: 111
Thanked 362 Times in 202 Posts
Also don't accept their first offer. Tell them you need time to consider it.
__________________
I try to be helpful. I'm not an expert.
  Reply With Quote
The Following User Says Thank You to sheepdog 44 For This Useful Post:
UltArc (03-10-2014)
Old 03-11-2014, 01:10 PM   #34 (permalink)
Master EcoModder
 
Join Date: Jun 2008
Location: Earth
Posts: 5,209
Thanks: 225
Thanked 808 Times in 592 Posts
Quote:
Originally Posted by UltArc View Post
The only hiccup I may have will be if they low ball it, and say they will give me 1k for it- then with a $500 deductible, and a buyback [say for example] $500, there is no point to keep it.
Why is there no point to keeping it? As long as it's still driveable, you'd just get to drive around in a strange-looking car with some sheet metal damage, getting about 70 mpg. What exactly is wrong with that? I've been doing it for years with mine :-)
  Reply With Quote
The Following User Says Thank You to jamesqf For This Useful Post:
justme1969 (03-12-2014)
Old 03-12-2014, 06:24 AM   #35 (permalink)
Hydrogen > EV
 
Join Date: Apr 2012
Location: NW Ohio, United States
Posts: 2,017

Snow White and the 6.2 Dwarfs - '11 Chevrolet Corvette LT2
Last 3: 26.46 mpg (US)

Silver Flea - '05 Honda Insight
90 day: 58.96 mpg (US)
Thanks: 981
Thanked 383 Times in 279 Posts
If they say it's only worth 1k to them, 500 is my deductible, and 500 to buy it back, that leaves me a salvaged title Insight and no money to repair it. At that point, I won't keep it, I'll part it out and get another one.
__________________





Best Tanks:
Mustang - 54.83 mpg (US) at the Green Grand Prix
Insight - 82.91966 mpg (US) over 818.5 miles.
  Reply With Quote
Old 03-12-2014, 10:33 AM   #36 (permalink)
A madman
 
brucey's Avatar
 
Join Date: Mar 2008
Location: WV
Posts: 1,012

Pequod - '17 Subaru Outback
90 day: 22.79 mpg (US)
Thanks: 70
Thanked 179 Times in 96 Posts
Send a message via AIM to brucey
Is the frame tweaked at all ?

(I'll give you 500$ as is and pick it up next week.)

Last edited by brucey; 03-12-2014 at 10:59 AM..
  Reply With Quote
Old 03-12-2014, 12:49 PM   #37 (permalink)
Hydrogen > EV
 
Join Date: Apr 2012
Location: NW Ohio, United States
Posts: 2,017

Snow White and the 6.2 Dwarfs - '11 Chevrolet Corvette LT2
Last 3: 26.46 mpg (US)

Silver Flea - '05 Honda Insight
90 day: 58.96 mpg (US)
Thanks: 981
Thanked 383 Times in 279 Posts
As is?! Like I am not going to keep the brand new battery or brand new RE92s?

...

I was supposed to hear back this morning. Called at 11:15, and was supposed to hear back in a half hour to 45 minutes. Getting ready to call back.
__________________





Best Tanks:
Mustang - 54.83 mpg (US) at the Green Grand Prix
Insight - 82.91966 mpg (US) over 818.5 miles.
  Reply With Quote
Old 03-12-2014, 03:57 PM   #38 (permalink)
In the fasting lane
 
RedDevil's Avatar
 
Join Date: Dec 2012
Location: Nieuwegein, the Netherlands
Posts: 3,764

Red Devil - '11 Honda Insight Elegance
Team Honda
90 day: 55.71 mpg (US)

It - '09 Hyundai I10 Active Cool
Team Hyundai
90 day: 29.19 mpg (US)
Thanks: 1,537
Thanked 2,068 Times in 1,330 Posts
So you may just get no money at all, just have the Insight get a salvage title for the privilege?
You should work out how much you paid for the own vehicle damage part of your insurance. If they claim your car has no more value than what you have to pay anyway, then you've been paying for something you could never benefit from.
You have every right to claim it back or even sue them for misinsuring you.
__________________
2011 Honda Insight + HID, LEDs, tiny PV panel, extra brake pad return springs, neutral wheel alignment, 44/42 PSI (air), PHEV light (inop), tightened wheel nut.
lifetime FE over 0.16 Gmeter or 0.1 Mmile.



COVID-19: Some people just don't get it.
  Reply With Quote
The Following User Says Thank You to RedDevil For This Useful Post:
Cobb (03-12-2014)
Old 03-12-2014, 06:30 PM   #39 (permalink)
Master EcoModder
 
Join Date: May 2012
Location: USA
Posts: 2,643
Thanks: 1,503
Thanked 276 Times in 226 Posts
I agree, keep it or part it. Maybe you can try on the insight forum and see if you can get donated parts or something?

Quote:
Originally Posted by UltArc View Post
If they say it's only worth 1k to them, 500 is my deductible, and 500 to buy it back, that leaves me a salvaged title Insight and no money to repair it. At that point, I won't keep it, I'll part it out and get another one.
  Reply With Quote
Old 03-12-2014, 10:04 PM   #40 (permalink)
EcoModding Lurker
 
Join Date: May 2011
Location: exeland wI
Posts: 31

trustyHX - '97 honda civic HX
90 day: 50.15 mpg (US)
Thanks: 0
Thanked 3 Times in 3 Posts
ya deer are the bain of the north hit 3 in one year 2 with my 97 civic hx and one with the 05 civic hybrid only claimed the hybrid on ins. I fixed mine myself. rebuilt axels,both mirrors,hood,hoodlatch,radiator support,both headlights. Hit at 67mph drove car home afterwards. Tough car 441k and counting.

  Reply With Quote
Reply  Post New Thread


Thread Tools




Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.5.2
All content copyright EcoModder.com