DH stopped for a pedestrian and got rear-ended

[Anonymous]

OP here.

Adding more details ..

We purchased DH's 2011 Hyundai in 2015 for 15k.
We went through our insurance- State Farm.
Our deductible is $250.
The estimate for repair for the accident was 8k. They offered us $9,200 which was a bit higher than the blue book value. The options were to take the $9200 or if we decide to repair the car, we'd have to get a salvage title.
The salvage title will cost 2k so we'd walk away with $7,200 plus we'd have to pay the 8k to repair the car. We decided to take the $9,200.

We looked for a used car as a replacement. To get a 4-year old car now, which would be a 2013 Hyundai, would cost us about $16k. Basic, cloth seats, no sunroof. Only thing that is a must is a back up camera like in the old car. If we only spent the $9,200, we'd get a 2009 Sentra, a smaller car with no back up camera, which would be a downgrade from his old car.

It's hard to wrap our heads around getting his car totaled in an accident where he's not at fault. He stopped for pedestrians and it's going to cost us a lot out of pocket.
What could have put us in a better situation, if anything?

[Anonymous]

^^ Why is your insurance paying?

[Anonymous]

What is your point? Your insurance company is not going to pay you more than the value of the car.

[Anonymous]

Sue the pedestrian!

[Anonymous]

Your insurance co is not supposed to pay. They are supposed to go after the other driver's insurance co. If you both use the same company then pressure them to pay you more.

[Anonymous]

Why aren't you going through the other driver's insurance?

[Anonymous]

Anonymous wrote:OP here.

Adding more details ..

We purchased DH's 2011 Hyundai in 2015 for 15k.
We went through our insurance- State Farm.
Our deductible is $250.
The estimate for repair for the accident was 8k. They offered us $9,200 which was a bit higher than the blue book value. The options were to take the $9200 or if we decide to repair the car, we'd have to get a salvage title.
The salvage title will cost 2k so we'd walk away with $7,200 plus we'd have to pay the 8k to repair the car. We decided to take the $9,200.

We looked for a used car as a replacement. To get a 4-year old car now, which would be a 2013 Hyundai, would cost us about $16k. Basic, cloth seats, no sunroof. Only thing that is a must is a back up camera like in the old car. If we only spent the $9,200, we'd get a 2009 Sentra, a smaller car with no back up camera, which would be a downgrade from his old car.

It's hard to wrap our heads around getting his car totaled in an accident where he's not at fault. He stopped for pedestrians and it's going to cost us a lot out of pocket.
What could have put us in a better situation, if anything?

Your totaled car was model year 2011, and insurance will never be enough to replace it with a newer, 2013 model.

[Anonymous]

Anonymous wrote:I'm really shocked at how many people don't know how insurance works.

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm really shocked at how many people don't know how insurance works.

+1

So how does it work, then?

[Anonymous]

Buy the same model and year you totaled. That's what the insurance is supposed to cover.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP here.

Adding more details ..

We purchased DH's 2011 Hyundai in 2015 for 15k.
We went through our insurance- State Farm.
Our deductible is $250.
The estimate for repair for the accident was 8k. They offered us $9,200 which was a bit higher than the blue book value. The options were to take the $9200 or if we decide to repair the car, we'd have to get a salvage title.
The salvage title will cost 2k so we'd walk away with $7,200 plus we'd have to pay the 8k to repair the car. We decided to take the $9,200.

We looked for a used car as a replacement. To get a 4-year old car now, which would be a 2013 Hyundai, would cost us about $16k. Basic, cloth seats, no sunroof. Only thing that is a must is a back up camera like in the old car. If we only spent the $9,200, we'd get a 2009 Sentra, a smaller car with no back up camera, which would be a downgrade from his old car.

It's hard to wrap our heads around getting his car totaled in an accident where he's not at fault. He stopped for pedestrians and it's going to cost us a lot out of pocket.
What could have put us in a better situation, if anything?

Your totaled car was model year 2011, and insurance will never be enough to replace it with a newer, 2013 model.

+1

The car that you need to replace is six years old. How much is a six year old Hyundai now? The age of the car when you purchased it is irrelevant.

[Anonymous]

Anonymous wrote:Buy the same model and year you totaled. That's what the insurance is supposed to cover.

Yes. I don't understand OP's confusion.

[Anonymous]

Here you go, OP: one year newer, with your backup camera for under $9000.

https://www.cars.com/vehicledetail/detail/690646154/overview/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here.

Adding more details ..

We purchased DH's 2011 Hyundai in 2015 for 15k.
We went through our insurance- State Farm.
Our deductible is $250.
The estimate for repair for the accident was 8k. They offered us $9,200 which was a bit higher than the blue book value. The options were to take the $9200 or if we decide to repair the car, we'd have to get a salvage title.
The salvage title will cost 2k so we'd walk away with $7,200 plus we'd have to pay the 8k to repair the car. We decided to take the $9,200.

We looked for a used car as a replacement. To get a 4-year old car now, which would be a 2013 Hyundai, would cost us about $16k. Basic, cloth seats, no sunroof. Only thing that is a must is a back up camera like in the old car. If we only spent the $9,200, we'd get a 2009 Sentra, a smaller car with no back up camera, which would be a downgrade from his old car.

It's hard to wrap our heads around getting his car totaled in an accident where he's not at fault. He stopped for pedestrians and it's going to cost us a lot out of pocket.
What could have put us in a better situation, if anything?

Your totaled car was model year 2011, and insurance will never be enough to replace it with a newer, 2013 model.

+1

The car that you need to replace is six years old. How much is a six year old Hyundai now? The age of the car when you purchased it is irrelevant.

This. OP your logic fails to take into account 1. The relative 'deal' you got on your Hyundai when you bought it (meaning, you may have overpaid) and 2. The years of driving and related depreciation you're taking since you purchased.

[Anonymous]

You could have asked for the valuation report and make sure they valued all the options including any recent repairs (submit receipts). Manufacturer might be able to provide you a report of original options based on the VIN number. I know Toyota can. Then keep calling them until they account for everything.