What do you base the vehicle value on when negotiating with State Farm Ins.? Kelley Blue Book or NADA value?

"Vippasan", the gentlemen that answered you earlier is correct. The insurance companies have their own guides. No books, nowhere, they run their own insurance computer software. That is what they go by. Just call and ask they are governed by your state and so is this software. These books are only references.|||insurance companies usually use the blue book|||Add both then divide. Go with average.|||Neither, as both of those are guides, and specifically state that they are not to be used to determine complete value of the vehicle.





Which is why a car can be worth 3000 in one area, according to kbb, and 4,000 in a different.





And yet, no one will buy it, if you list it at $4000.





The insurance company will look up what it will cost them, based on their research, to replace your car.





You don't get access to that. Kbb and NADA will not provide that.|||Industry standard is NADA. However right now vehicles are bringing a lot more than book. Look for replacement cost and not book. SUV and PU are bringing about $2000-$3000 over NADA book.|||Id use black book retail and go from there. They are not likely to give you that but its a starting point.|||next time check the rates and coverage at Progressive Ins. Co. -- they will usually give you a better price for your wrecked car than any other insurer... and they are willing to talk about the car and the value of the ride before full car body contact ... both books are used to value a car and there are also some """"CD secret lists""""" that we never hear discussed .. I would like to tell you that State Farm is the most difficult Ins. Co. to get a fair price and payment for your wrecked car ---even if it is not your fault and not your insurance provider..... you may consider going to court and at least the filing in court of the driver that caused your damage... if you want to know more about this step then you can click on my icon/pix and name and send me your questions and email... been there and it paid very well from the ins co.......