VT commodore write-off & insurance value?

[coder]

Hi all,

So, unfortunately my car was written off last week due to some idiot blowing a red and t-boning the car.

I was wondering if anyone has had a similar model VT and knows what to expect as an insurance payout amount for the car. I understand that they go by market value of the car at the time of the incident, but I'm not sure about other factors that may affect the price. Here's what I mean...

• It's a '98 VT Acclaim (V6)
• Body has done around 250,000. but had a replacement motor from a VX installed about a year ago with 180,000 at the time (can provide receipts)
• Installed with an LPG system
• Extras such as airbags, traction control, power mirrors and seats

What should I expect to get back from this especially given the motor is from a VX and has done lower k's than the car plus things like LPG?

I have checked out red book and the max private price value is $4,300 with 195,000 - 325,000 k's. However, about a year or so ago, the agreed value on the car was $6,500, but then changed to 3rd party only this year.

Thanks in advance!

[Cameron P]

there insurance companys mate lol i doubt they will go over everything to make sure you get the right value for your car lol

expect market value

[rb26dett]

Expect the low end of market value.

[Longman]

Hi mate,

I know that my VT exec, V6, Auto & Air has a current market value of $3,900 for insurance purposes. An acclaim won't be too much above that.

I severely doubt insurers would take into account things like kms or replacement motors with less km's, and a lot of insurers won't insure a modified car.

Hope this helps.

[tdirago]

I have a 01" VX executive done 160,000kms for around 7g's

[TonyJZX]

VTs are worth shit and VXs aren't much better

that's just the way it is

most places allow agree value

you choose the highest and you may pay a little extra on your premium

old commodores being cheap is a double edged sword

they are cheap to buy, cheap to run (besides petrol), pretty bulletproof and you don't feel bad about caning them

just don't expect much when you sell or when you get a payout

[oska]

Hi mate,

I know that my VT exec, V6, Auto & Air has a current market value of $3,900 for insurance purposes. An acclaim won't be too much above that.

I severely doubt insurers would take into account things like kms or replacement motors with less km's, and a lot of insurers won't insure a modified car.

Hope this helps.

i tend to agree

when trying to get new insurance i had quotes knocked back for things like LPG and 17" wheels and i'm a mature driver who made claims on malicious damage

best i could on a standard non modified vx exec ( mine came fully factory optioned) was $5.5k

insurance companies only want to insure people who have never made any claims , they only want your money

[Calaber]

The VX motor won't make a bit of difference to the valuation. It will be seen as a high mileage Series 1 VT Acclaim and assessed as such. Your extras are actually just standard Acclaim fittings so they won't boost the value either. It will be paid out at market value, maybe around $3,500 - $5,000.

[Fletch_QLD]

Whatever the first offer is - don't accept it. Tell them how the car was your pride and joy, mention any money spent recently you can back up with receipts. Ask how you can appeal their first offer.

I did this and they came back to me within 48hrs with an improved offer.

good luck.

[Rhin0o8]

To be honest, Id say you would get paid out more than if you were to trade it in or sell it ( Before write-off )
Im guessing the other car's insurance is paying you out ?

expect market value + 1000 generally.
and as mentioned appeal their first offer to get a better deal, it cant hurt i would imagine.

[liama]

If its just third party insurance than expect market value, I got full comp on my car and i have an agreed value of 10 grand LOL its a 2001 vx lumina

[Cameron P]

mines 13k and could have gone 14