Tips for negotiating your car's value after a collision

Things have gotten better on Louisiana roadways. One recent report indicates the fatality rate for car accidents has declined in Louisiana in recent years. However, that does not mean people's work is over in making highways safer in the state. 

Following an auto accident, you want to make sure you get as much out of your insurance claim as possible. Unfortunately, many insurance agencies try to low-ball you. Here are several tips for negotiating a better offer for your vehicle in the event the crash totaled it.

Anticipate what the insurance company will offer you

Shortly after the crash, you should gain a sense of how much the agency will offer you. You need to remember they will not give you what you paid for the car. Instead, insurance companies offer a depreciated value. This is the value of your car minus depreciation and any damages your car sustained. You can check online to see what used vehicles for your make and model have gone for, so you have a better idea of what your offer will be. 

Acquire a professional estimate

Once you have a sense of what you can get out of your vehicle, you want to obtain a professional estimate. Your insurance agency will send an adjuster to look at the car, but it never hurts to get a second opinion. You never know if the insurance agency's estimate will be accurate, so you want a quote from an unbiased third party. Take your car to a trustworthy mechanic for a better understanding of the total value of your car. 

Get a settlement offer in writing

Many insurance companies provide you with an offer over the phone in an attempt to get you to settle right away. However, you always want to ask for this offer in writing. Remember, it is your right to do so. Getting the offer in writing eliminates any misunderstandings, and you can better bring forth a counteroffer. 

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