Nothing wrong with the post from 2010 or the updates from 2015. I followed the advice recently, twice. You can check LinkedIn starting on August 11 2018 for a series of posts related to a claim. Sadly, these posts continue since claim 2 is still pending. But, What is a car worth?
2009 Scion Xb is hit, airbags deploy so I know it is totaled. I spend some time on Kelly Blue Book and then a basic Google search. I narrow in on $5000. Total time on this was less than 30 minutes. BUT, it made a huge difference since State Farm was a bit less.
2003 Volkswagen Jetta GL: So according to KBB.com the Good Trade-in Value is $1700 and Fair is $1125 so maybe I am around $1500. Now private party says $3225 and Fair is $2525, let’s keep being reasonable and say $2875 as the private party we won’t use retail because this car is not in excellent condition.
How about Edmunds? A little different process here comes up with $2734 as a trade in $3752 as a private party, same thing here retail seems a bit high.
So KBB average with my adjustments is $2187.50 and Edmunds is $3243 that is about a $1000 difference.