#1 Consumer Comment
AUTHOR: Robert - Wallingford (U.S.A.)
SUBMITTED: Monday, December 24, 2007
POSTED: Monday, December 24, 2007
$2,300 isn't "a few hundred dollars". Doesn't matter if you only drove it on Sundays to church, it's still only worth $2,800 dollars. If you have just spent $3,000 in maintenance, it couldn't have been in that great a shape. And it's still only worth $2,800, regardless of how much money you sunk into it.
Their responsibility is to cover the cost of repairs up to the value of the vehicle. It would not make sense to cover $5,000 worth of repairs (a retorical figure only) for a car valued at $2,800. If that were the case, your insurance costs (as well as mine) would skyrocket. Read your policy sometime. If you felt your car was worth more, you should have taken out additional insurance coverage.
Find a car you can buy that doesn't need $3,000 worth of repairs.
Feel lucky you weren't injured (I am assuming such since you didn't mention it).
#2 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Monday, December 24, 2007
POSTED: Monday, December 24, 2007
It is totally absurd to pay thousands of dollars on your Insurance Policy and when there is an accident, in particular when you at NOT at fault, the Company, in this case Geico, should do whatever it takes to satisfied it's customer needs. By not fixing the car and "paying" whatever they think the car is worth,according to a Blue Book(wich blue book?) is totally shocking and not very good for business.Furthermore, they are reimburse every penny of it by the other Insurance(the guilty party's), then sell the car's parts and in fact, make a profit out of the misery of a trusting client. I will NEVER, EVER use Geico and will spred the word around my friends and others. Shameful act and even more shameful the response by Robert. He probably works for them. Finally, whatever happened to "customer service" and just doing what is right?
#3 Consumer Comment
AUTHOR: Robert - Bowie (U.S.A.)
SUBMITTED: Monday, December 24, 2007
POSTED: Monday, December 24, 2007
When my Chrysler was totalled, they not only repaired it (only required a $212 fan assembly to be finished when GEICO was done paying the body shop), but gave me a check for $4245.00, and told me to keep the car. The fan assembly would have pushed the car over the limit.
Yep...paid me to keep my car, and nearly completed the repairs. It was given a "Total Loss Claim" title, and they still insure it.
Pretty friggin sweet.
Seems to me it would have been cheaper for GEICO to pay for the fan assembly instead of giving me a fat check, but what do I know?
#4 Consumer Comment
AUTHOR: Melissa - Latrobe (U.S.A.)
SUBMITTED: Monday, December 24, 2007
POSTED: Monday, December 24, 2007
Why is it that anyone who ever posts a reply to a complaint that doesn't agree with the OP, they are accused of working for the company? Robert makes valid points.
#5 Consumer Suggestion
AUTHOR: Nicole - Sitka (U.S.A.)
SUBMITTED: Monday, December 24, 2007
POSTED: Monday, December 24, 2007
Well, here is what I found out for you. I did a little research on the Blue Book (which is actually Kelly Blue Book at w w w . k b b . com **remove the space**). This is the industry standard values for vehicles. Depending on the condition of the vehicle, the miles, and the model, it gives a value for retail, for private party and for trade in.
I looked up your vehicle. It seems the value is a little low. If the car was in "excellent" condition, that is. I don't know the condition of your vehicle before the accident, so I cannot say. However, if the car was not in excellent condition, they were pretty accurate in their appraisal.
Also, it isn't just Geico. All insurance companies pay only the value of the car at the time of the accident. Otherwise, if I bought a brand new car today for $20,000 and in fifteen years I totaled it, they would have to pay me $20,000. And that would be hardly fair.
Now, you can get another car for your $2,300. Just look around and see what you can find. Best of luck. I know, it hardly seems fair to you. If I were you, I would sue the other driver for the difference in what you got from your insurance and what you have to pay to replace your car. Make sure it's legal in your state, but you could try.
#6 Consumer Comment
AUTHOR: Bart - Springfield (U.S.A.)
SUBMITTED: Monday, December 24, 2007
POSTED: Monday, December 24, 2007
they got nuthin' and can't stand to hear what is really the truth instead of some uneducated slob drooling in agreement. The farce overdraft threads are proof of that.
#7 Consumer Suggestion
AUTHOR: Greg - Southern (U.S.A.)
SUBMITTED: Tuesday, December 25, 2007
POSTED: Tuesday, December 25, 2007
in most states a car must be totaled out if the damages exceed 70% or 75% of the Actual Cash Value (ACV). They won't have any choice but to total the car out if the damages exceed this level.
$2800 for a 12 yr old car seems pretty fair to me. If you haven't already done so, you have the right to ask them for copies of whatever documentation they used to come up with the $2800 value. That way you can verify what they are basing the $2800 on.
The adjuster is pushing you for a settlement because many companies rate their adjusters on how fast they settle claims. Don't let that bother you. Request the documentation for the value and wait until you get it before settling.
The $3000 dollars worth of maintenance is not something that will not increase the value of the car dollar for dollar. The car needs to be in good maintenance in order to get the $2800 ACV. If you hadn't repaired the things you did then the value would have been a lot less than $2800.
The fact that the other company will reimburse GEICO doesn't change anything. By the way I assume you know that if he other company repays GEICO then you will get your deductible back.
The only real reason GEICO would need to pick up the car before a check was issued is if the car is sitting in a storage lot accruing storage fees. They do not have to keep paying storage fees while you dispute the offer. Since you are the legal owner of the car you are legally responsible for the storage charges. If the car is at your house they don't need to pick up the car right away as you can't charge for storing your own car.
You stated "Their responsibility, is to repair my car fully or replace it with another one just like it." They have no legal obligation to repair a "totaled out" car when the repairs exceed the 70 or 75% level. They are providing you the money to go out and replace the car. They do not have to find the car for you and bring it to you.
I am an insurance adjuster and deal with this stuff all day. However, I don't and haven't worked for Geico or in FL.
Good Luck
#8 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Wednesday, December 26, 2007
POSTED: Wednesday, December 26, 2007
The can runs great. All lights are working. Nothing wrong with the frame, transmission just fine, brakes work, power steering, light signals. I drove the car around, it runs great and sounds great.Furthermore, the only real damage, is to the airbags. I told the adjuster, I will sign a "waiver" and take responsibility for it. Moreover, I CHECKED the famous Blue Book for cars around the amount "offered" by Geico and you can't find ANYTHING in that price range. I am NOT asking for special treatment here. I am just asking for the Insurance Company I paid thousands of dollars over the years, to live up to their promises and do what is right.The only response I get here is:"Well, is company's policy. The Blue Book".
To heck with them. They are already making billions(Insurance Companies) in PROFITS and all it takes here to do the right thing, is just a few hundred dollars more. After all, they will be increasing my monthly payments and will recover every penny of it in a short amount of time. What's the big deal here? Nothing but GREED. I intend to fight this all the way, even if it means taking the bus back and forth. I will go to the Attorney General, The Insurance Commissioner, Customer Protection Agency, The AARP( I am a 62 years old man), I will go to the media, T.V. Stations, Newspapers and if need be, will stand in front of their Executive Offices with signs letting people know how this company operates. Bad publicity, will force them to do the right thing. As we did back in the sixties and seventies, we have to fight back. Enough is enough.
#9 Consumer Comment
AUTHOR: Bart - Springfield (U.S.A.)
SUBMITTED: Wednesday, December 26, 2007
POSTED: Wednesday, December 26, 2007
Do you somehow think YOU are the only one who has paid "thousands" to an insurance company over the years?
Clearly you think you are somehow entitled to this money back and it's not going to happen.
They did what was right, by any insurance company's standards.
Just because you refuse to accept how it has worked for years does not mean you were ripped off.
If it does, then think about all those-like myself-who have never made a claim. We will never see any money. What about our "thousands"?
#10 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Wednesday, December 26, 2007
POSTED: Wednesday, December 26, 2007
Nobody "roots" for the little guy, the underdog anymore. It's "dog eat dog" world out there. Most, if not all comments here, are pro-corporate, pro-greed, pro-profits. To hell with doing the right thing for the innocent party. It's no longer who does what is right, but who cheats and lies and stoops so low, as long as he/she wins over the unsuspected, law-abiding citizen.I did not do ANYTHING wrong. I haven't had any tickets in over twenty years and my car is worth a lot more(according to their Blue Book) than what they are offering. Fortunately, at my age, I only have a couple summers left and then check ou of this pathetic and sad world we live in.
#11 Consumer Comment
AUTHOR: Jim - Anaheim (U.S.A.)
SUBMITTED: Wednesday, December 26, 2007
POSTED: Thursday, December 27, 2007
A car of that age that gets into any material accident is going to get totalled out by an insurance company - bottom line. That's why uninsured motorist insurance is useful in a situation like yours - so that you receive something for the value of the car when you aren't at fault and the other driver is not adequately insured.
As an aside, their responsibility is NOT to repair your car fully or replace it with another one just like it. Their responsibility is to make certain your car is repaired, and if it is not cost-effective to perform the repair, then you will get the fair value (in this case KBB) for the car, less any deductible. What they gave you was the value for a 1996 Honda Accord. If you find another car like it, you can expect to pay that amount for the car.
A car like yours is not priceless to anyone and you need to stop looking at a car for anything other than its monetary value. To point out why you need to look at it strictly in those terms (and I know you didn't) is when you spent $3000 to repair your car. It boggles my mind when you spent that much on a car worth at best $2800 on KBB. You should have kept the $3000, spent it on another car, and then donate the clinker/Honda Accord to a qualified IRS 501c3 organization and taking the tax write-off. You would have been far better off financially (rough calculation of at least $1000 to the good) than what happened to you. I once had a 10 year old car worth about $2000 (it had a lot of miles) and when the starter gave out, I knew I'd have to fix the brakes, do a tune up, and fix other garbage that would cost me about $1500 to get fixed. I told them to stuff their estimate (nicely), bought another car, and donated the clinker/Buick to charity for which I received a write-off for taxes.
The others have explained the insurance process better than I could have, so it is not worth repeating, although they will not collect from the driver's sister's insurance policy. They would collect directly from the sister, or the driver from their own pocket if I read your story correctly. Good luck with that.....
#12 Consumer Comment
AUTHOR: Bart - Springfield (U.S.A.)
SUBMITTED: Wednesday, December 26, 2007
POSTED: Thursday, December 27, 2007
"Shameful, what we, as a society, have become.
Nobody 'roots' for the little guy, the underdog anymore.
>>Sure they do. When the underdog is really down. Not just in their own minds. And yes, part of society is the part where the world is somehow always against them and everybody MUST feel sorry for them regardless of whether they have real problems or not.
"It's 'dog eat dog' world out there."
>>Always has been.
"Most, if not all comments here, are pro-corporate, pro-greed, pro-profits."
>>No, just the reality that you don't want to face. That this is how it is and has been done for years. Just because YOU have never had a claim before does not mean that you are somehow an isolated incident. Your cries of entitlement are ridiculous.
"To hell with doing the right thing for the innocent party."
>>What was done was right. The insurance is the innocnet party here. All they did was provide you a policy for years as requested and mandated by law yet now they are somehow scumbags because you aren't getting what you want over and above what they are enmtitled to give you. Do you somehow insanely think that they should buy you a new car - which is what it really seems you are getting at now with your ignorance to what is explained to you.
"It's no longer who does what is right, but who cheats and lies and stoops so low, as long as he/she wins over the unsuspected, law-abiding citizen."
>>The insurance company did what is right-gave you top dollar book value so you can scratch that one off the list. You are the one trying to cheat by expecting more than what your vehicle is worth plus expecting them to do your legwork in purchasing a new one.
"I did not do ANYTHING wrong. I haven't had any tickets in over twenty years and my car is worth a lot more(according to their Blue Book) than what they are offering."
>>Many don't do anything wrong over the course of their lifetime. Again, I ask you, what about them? Your opinion of what your vehicle is worth-which by your own admission really can't be much if you had to put at least $3000 into it just to keep it going-is of course biased as YOU are the one who owns it. Everyone thinks their vehicle is the best...their kids never do anything wrong...they live in the best house....best town....etc. The reality is what book value is. Why do you feel entitled to more than book value and others do not? Again, what about our "thousands"? You keep skirting the answer to that question since that is the basis of your complaint.
"Fortunately, at my age, I only have a couple summers left and then check ou of this pathetic and sad world we live in."
>>No offense, but who cares other than your immediate family? It is irrelevent to the complaint. Your age has nothing to do with any of this. Is this suppose to somehow garner support in form of a pity party? It still does/will not negate the fact that you ARE being treated fairly as this is the way it works. You want to keep ignoring what everyone is telling you about the way the world works but that won't change it to what YOU want it to be. Perhaps you should be playing the pity card to your family and they will feel guilty enough to get you the new car you want so badly. Sorry, but that's the truth that you don't want to acknowledge. There is no ripoff here.
So, what about MY "thousands"?
#13 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Thursday, December 27, 2007
POSTED: Thursday, December 27, 2007
It is a known fact that most companies have a guy or two, sitting in one of those cubicles, behind a computer, discrediting every negative comment against their company, on the net. Bad publicity is absolutely no good for business and they fight it every possible way they can think of. You people out there, attacking me for just asking for the right amount of the claim, according to their OWN blue book. I do not want pity nor especial treatment. I just want what is right. Now, it is obvious that most of you, have never been involved in a car accident and your insurance carrier turned their backs on you. Relax, it's just a matter of time and it will happen to you or one of your relatives.Maybe then, you will "try" to understand how frustrating it is to deal with the greed and profit mentallity of those multi billion dollars corporations. Finally, read the other complaints against Geico and see that they are in the hundreds. I guess Mr. Warren Buffett, desperately need to round up his other billion. Thanks to all of you for your understanding, compassion and sense of fairness. I am out of here. Happy New Year to all of you.
#14 Consumer Comment
AUTHOR: Bart - Springfield (U.S.A.)
SUBMITTED: Thursday, December 27, 2007
POSTED: Thursday, December 27, 2007
"Somehow I get the impression, you all work for them..."
You got nothing so you have to try and play the "must work for them card" to make yourself feel better.
Look, since you are driving around in this "golden egg" that you think you have, you're a fool for not selling it for way over top dollar that you think you should be paid and by something cheap and pocket the rest. Imean, I'm sure everyone is just dying to buy that clunker right? Isn't that what makes anything of value? Demand?
Still waiting for the answer to "what about MY thousands" that you keep avoiding.
#15 Consumer Comment
AUTHOR: Jim - Anaheim (U.S.A.)
SUBMITTED: Thursday, December 27, 2007
POSTED: Thursday, December 27, 2007
There is not one person who has responded that works for the insurance company you're complaining about. I am certain there may be cubicle dwellers that post rebuttals to situations like this - unfortunately, that is not the situation here.
I understand the economy is tough, but there is some responsibility for it at your level as well. For example, spending $3000 to fix a car worth $2800 is a great way to end up poor; it makes no sense financially to do what you did. For $3000, you could have bought another car with less miles, donate the Honda to charity (even if the car was undrivable), and ended up about $1000 better off than what happened to you. In other words, your complaint about the tough economy is irrelevant if you do nothing on your end to try and make the best of it.
In the end, the insurance company did what insurance companies do. If you have never had a car totaled, I understand the pain you're going through - believe me I understand, having one totalled myself. However, to single out one insurance company for doing what is the normal practice of every insurance company seems a bit over the top. In fact, I would even challenge you to go to another insurance company; you'll find they do the exact same thing in the same circumstance.
Best of luck and may the next year bring you better fortune.
#16 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Thursday, December 27, 2007
POSTED: Thursday, December 27, 2007
After doing my own research on the so called Blue Book and finally locating an Geico office here in town, I went to see a claims Supervisor in person. Wow, it makes all the difference in the world. You can explain your case carefully, show every possible document you have(you can't do that over the phone). Eye contact is essential.
Well, this gentleman did take the time to log onto kbb.com and thouroghly examine the estimate given to me by the "adjuster" and comparing it to the real numbers on the screen. The descrepancies were obvious and needless to say, very much in favor of Geico. He immediately called the "adjuster", told him about the huge difference in "estimates", changed the numbers on the computer and ordered them to have the check ready for me A.S.A.P.. He asked me to bring the title, sign a "power of attorney" and I will be given a check right on the spot, so I can get on with my life. The difference in estimates, between the "adjuster" and the Blue Book, was about 70%.
After all the criticism, put downs, name-calling and vilifying, I proved that you should never let a bunch of characters out there, tell you what's best for you. If you think someone is doing something terribly wrong to you, fight and fight and if they knock you down, get up and keep fighting. By the way, the increase on the "settlement" is about $1.300.00. How do you like them apples.
#17 Consumer Comment
AUTHOR: Bart - Springfield (U.S.A.)
SUBMITTED: Thursday, December 27, 2007
POSTED: Thursday, December 27, 2007
You need to try and save face for trying to say that people who know how it works really don't.
But, in the same breath, you make yourself look the fool again by now showing you jumped the gun and filed a false report-not that it wasn't false to begin with. So, whatever makes you feel better about yourself.
You STILL have not answered the question of "what about MY thousands"?
#18 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Friday, December 28, 2007
POSTED: Friday, December 28, 2007
of about $1.300.00 . In any case, I was right and this guy Bart insist he was right, even though, he NEVER made a worthy point. Read Nicole, the only one who did the right thing here and checked the infamous Blue Book. What about the thousands he asked? Well, I truly believe that if you paid $1.200.00 to an Insurance Company and have no claims, your money should be returned to you. Every penny. Why should I be paying for irresponsible drivers. This is it. I am out of here. I don't want to hear another word from this character. Go get a real job.
#19 Consumer Comment
AUTHOR: Bart - Springfield (U.S.A.)
SUBMITTED: Friday, December 28, 2007
POSTED: Friday, December 28, 2007
There is nowhere near enough information for Nicole to come to ANY conclusion of what your vehicle is worth. So that post certainly doesn't prove anything. I know how blue book works. I also know that everyone thinks they own a creampuff worth all this money. You can allege whatever you want. You have already posted a false report, why not keep it going right?
I am not the only one who has pointed this out to you yet I'm the only one who is wrong. Very funny. And I am enjoying a much deserved vacation but I'll take your advice and go back to work when it's over OK? Make ya feel better?
#20 Consumer Comment
AUTHOR: Striderq - Columbia (U.S.A.)
SUBMITTED: Friday, December 28, 2007
POSTED: Friday, December 28, 2007
This probably won't be posted but, exactly how does a "62 year old white male" come by the name of "Princess"?
But as for the post, it surprises my that the person in the office looking at documents and listening to you would be able to add $1300 to the settlement check over the adjusted who physically viewed the car. I know when I talk about my car it's in perfect shape, nothing wrong and everyone wants it, but then there's the reality of the problems my car has and who wants it but me. But hey, I can have an open mind. I just ask one thing. Can you post a copy of the check for the $4100 you're claiming to receive so that we can see that you were right?
#21 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Friday, December 28, 2007
POSTED: Friday, December 28, 2007
You want me to send you a copy of the check? Who do you really think you are? I am a 62 years old gay male. Do you have a problem with that? Goodbye, go do your sleazy work somewhere else. I'm out of here.
#22 Consumer Comment
AUTHOR: J G Shrugged - Austin (U.S.A.)
SUBMITTED: Friday, December 28, 2007
POSTED: Friday, December 28, 2007
With the exception of some life insurance products, insurance is about risk avoidance. If everyone who didn't file a claim got their money back, it would be very expensive for the insurance companies to cover you!
If your car is worth $3000, it would cost you $3000 for insurance! Because if you have an accident on Day 2 of your coverage, they would have to pay out the $3000 back to you. Can't stay in business that way - no profit to pay their own employees.
Yes, you are paying for other drivers, but that is way our society goes.
But dealing with an insurance company and their adjuster like that is honestly the way it is supposed to happen. He gives one number, and you get other numbers to counter. Seems like their own process worked for you in the end. At least you didn't have the depreciated/replacement value struggle you see in homeowner/renters insurance (where you get the depreciated value in cash and the difference of the replacement value when you actually replace the items lost).
#23 Update By Author
AUTHOR: Princess - Miami (U.S.A.)
SUBMITTED: Friday, December 28, 2007
POSTED: Friday, December 28, 2007
Thanks to the above gentleman JG. The way he described it, is exactly the way it went. All by the book and following the law. This is precisely what democracy is all about.
Thanks again Sir(JG) Wish you and yours a wonderful, happy and prosperous New Year.
#24 Consumer Suggestion
AUTHOR: Kerry - Fort Myers (U.S.A.)
SUBMITTED: Tuesday, January 08, 2008
POSTED: Tuesday, January 08, 2008
The Florida Dept of Insurance is the only organization that can deal with Geico effectively! Give them a call. They can help you out!
#25 Consumer Comment
AUTHOR: Striderq - Columbia (U.S.A.)
SUBMITTED: Tuesday, January 08, 2008
POSTED: Thursday, January 10, 2008
Just want proof that you found someone who bought into your line and is going to pay you another $1300. Gee, it's not hard. if you do that then you would really have the right to say "I told you so". If not then cry in your wheaties, because you don't get all of your premiums back when there's an accident. It's insurance not a savings account for the futue.
As far as your personal life, nope, don't bother me any. That's your choice and if you're happy then you're happy. Just seems kinda strange when a male uses a name/ nickname/ appelation usually reserved for a female.
#26 Consumer Suggestion
AUTHOR: Memyselfandi - Ny (U.S.A.)
SUBMITTED: Sunday, February 03, 2008
POSTED: Sunday, February 03, 2008
the reason why they gave you an additional $1.300.00. is because...it was not worth their time or money to fight over such a small amount.
and for the record...kbb is just a SUGGESTION...and i am acutally quite shocked that an auto damage adjuster used that over the other sources they have available to them.
#27 Consumer Comment
AUTHOR: Mike - Fort Meade (U.S.A.)
SUBMITTED: Sunday, June 08, 2008
POSTED: Sunday, June 08, 2008
Ok, to the OP,
you have a vehicle that is technically valued at 2800.00 yet you feel that since you just spent 3k on repairs taht its somehow worth more than 2800.00? normal wear and tear costs are a fact of live and do not make your care any more valuable than if you didnt repair the item. so it needed an oil change, a tune up, etc etc, its still a 20 yr old car. If you went shopping for a vehicle that was 20 yrs old and was looking for something in the range of 2k. you find one that that someone tells you hey, I just put new gaskets on it, changed the oil, new belts & hoses, new upholstery, custome paint, etc and spent 2k on the upgrades, would you buy it for 4k? NO YOU WOULDNT. you MAY expect to pay a little more than 2k but not 4k. you may have really liked the custome paint job but it does not bring any added value to the vehicle.
It comes down to what the vehicle is actually worth versus what it would cost to repair it. you are pissed that the insurance company only paid you a certain amount for your vehicle. what most insurance companies use is a compan called CCC. allstate, state farm, progressive, geico, usaa, and most major companies use this for somewhat newer vehicle that are considered a total loss. on older vehicles they used NADA, kelly blue book etc. but the later do not include very many options and it is up to you and the adjuster to discuss the money you have put into the vehicle and come to a compromise. some things came be compensated for while others have no value (oil change, etc).
the state of florida has a statue in place that state any vehicle that repair costs exceed (belived to be 70%) of the value of the vehicle shall be deemed a total loss. It would be stupid to spend 2500 to repair a vehicle that is only worth 2800. therefore the vehicle, by law, is a total loss. no one twisted your arm by filing the claim and the vehicle was valued at what it is worth. if you have any prrof or documentation that the vehicle was or should be valued at more money then you should have provided that to the insurance adjuster. almost always these thing are negotiable (to an extent). if you dont like the offer than refuse to file.
yes, the insurance company keeps the vehicle and sells it for salvage. they then keep the proceeds (usually a few hundred bucks at best) but if the person responsible is not isnured then they are also out money. insurance companies are not out to beat someone out of money. trust me, the state of florida has very strict laws in palce to prevent that. if you feel you were done wrongly than file a complaint against the company. otherwise, deal with it. insurance companies are only allowed to do what the ste allows them to do. it is in their best interest to do what they are obligated to do, not to screw someone out of money. In florida their is bad faith law which in terms means that if the insurance company acted in any way in bad faith they are personally liability for damages.
again, it was your choice to file the claim and accept the amount offered to you by geico. you always had the option of going after the person who was responsible for causing the accident but it seems that you chose the easier of the two and thus you are upset with your decision. Chances are, you would not have faid any better even if you would have received a judgement from the courts.
#28 Consumer Comment
AUTHOR: Constance - Virginia Beach (U.S.A.)
SUBMITTED: Monday, June 09, 2008
POSTED: Monday, June 09, 2008
I would just like to comment on this posters remark of the fact that Geico offered them $2800 for their 1996 Honda Accord.
Regardless of how much money you spent on the car in maitenence, I was just at Kelley Blue Book ( and let me fill you in on a little bit from the auto industry.) An auto dealer almost NEVER uses Kelley Blue Book to place a value on a used vehicle, at least not in any of the five dealerships I have worked in, in three different states, but they do use Edmunds and a valuator called Galves ( look it up on the internet). They don't use Kelley because Kelley is HIGH. Even so, I was just at their site, and unless your 12 year old car looks like it came off the showroom floor and has less than 100K in miles on it it is only worth about $2000 which is what a dealer would give you for it on trade ( in excellent condition) and you could expect to pay about $2400 if you were to buy one from a private owner. You currently have a wreck which is not worth putting the $2800 into which is why Geico gave you a check for the vehicles value. Just because it is a Honda or a Toyota doesn't mean it is worth a million bucks either.
I currently am driving a 1997 Volvo 960, it has 120,000 miles on it. It runs like a top. It is not smashed, and I have just put a radiator, coolant overflow, tune up, tires etc. into this car. My top of the line $35,000 brand new Volvo is worth maybe $2000...if I am lucky. When I buy my new vehicle which I am planning to at the beginning of the new year, either I am going to give this car to the kid and let her finish it off, or be happy that they take it off my hands at the dealership and show me $1500 for it.
I am the spouse of a military man and carried insurance with Geico for a number of years. I am now with USAA. I go with whoever will give me the best coverage at the lowest price. The policy that they implied to you is the same regardless of what company/carrier you are doing business with. Take the $2800 and use it as a down payment on a new car if you don't want a $2800 car.
Why file a report here? Ripoff Report is a permanent record! Other complaint sites copy our content then remove reports for money.
