dbsb3233
Well-Known Member
- First Name
- TimCO
- Joined
- Dec 30, 2019
- Threads
- 56
- Messages
- 10,100
- Reaction score
- 11,965
- Location
- Colorado, USA
- Vehicles
- 2021 Mustang Mach-E FE, 2025 Porche Macan Electric
- Occupation
- Retired
Insurance varies depending on whether it's an Actual Value policy or a Replacement Cost policy (which costs more and pays more). My stepmom had that situation last year. Accident that economically totalled her 11yo car (even though it was still drivable, albeit looking over the crunched hood) and paid out $16k. I was surprised since blue book value was closer to $12k. Then I realized why... she'd been paying more for a replacement cost policy for decades (she didn't even know).My sister's almost 20 year old Honda was hit by a truck (at very low speed), economically totaled, but she got over $8000 for it.
https://www.carchex.com/research-ce...ash-value-vs-replacement-cost-auto-insurance/
Early 2023 was better than 2024 though. Values have dropped.
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