Comment on Insuranace is a joke
planish@sh.itjust.works 1 day agoOr to put it another way: insurance should pay out the amount you could get if you sold your car, not the cost to buy another similar car.
Why would an insurance company think that OP would get less money selling the car than anyone else would get selling the same kind of car, though? It’s one thing if all the listings are for much higher prices, but if those listings are selling at that price, then that’s the market value and the insurance company is provably misunderestimating.
m0darn@lemmy.ca 1 day ago
Same model year doesn’t mean same condition.
A used car with lower mileage, documented service history, and a dealer warranty is worth a lot more than one without those things.
But also OP is right insurrance will generally offer the least they think they can get away with.