Quote:
Originally Posted by EricSilver
Be forewarned: Your insurer may declare it a total loss if the market value of the car is close to the repair cost, and you have a high deductible.
Also, I suggest lowering your deductible for that very reason. There is a lot of wiggle room for them with a typical $500.00 deductible, but considerably less with a $200 or $100 deductible, and the rate difference is only a few dollars/month.
I think it is so unfair that the driver backing out os at fault because he/she has little visibility if there are cars on either side (and no visibility if there are minivans or SUVs). I always give folks backing out the right of way because I know they cannot see me.
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He has no collision.
Deductible has no bearing on damage/ACV (actual cash value) ratio. If your car is close to totaled, a few hundred bucks isn't going to save it. Typically, the insurance company totals at about 65~70%. Best thing you can do is keep your car in good shape. I've seen very minor damage result in a total loss due to UPD (unrelated prior damage) UPD comes right off the top of ACV . The tricks used by insurance companies are myriad and sleazy. Damage they have to fix gets written in the lightest possible manner (no blends, salvage parts, no supplies etc) while UPD gets written like a wish list (blends on everything, new OEM parts, all supplies, sometimes even at a higher labor rate)
That's why you are supposed to back in. I always give way to the person backing out because I don't want to get hit
