My car was determined a total loss. How can I determine if the actual cash value offer the insurance company is offering is fair?

You should be aware, that the fair market value (or "actual cash value") is not what you purchased the vehicle for, nor what you owe on a loan.  What this means is that the car is worth what an identical car could be sold for in today's market.  The Kelley Blue Book does give you a starting point. We recommend using "www.cars.com" to do a search for similar cars in a 500 mile radius. This will give you asking prices for similar cars. You can also contact dealerships and ask them what they'd list the car for with the same options and the same mileage, etc. Bottom line: if the insurance company's offer is similar to what our own comparables research tells you, then we'd recommend that you accept the offer. If not, we can try to negotiate the value upwards for clients by showing comparables to the carrier and attempting to find some middle ground.

If you have been injured in an accident and would like to discuss your legal options with an experienced Sacramento Personal Injury Attorneycontact us online or call us at 916-921-6400 or toll-free at 800-404-5400 to set up a FREE consultation.

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  • Me and my wife; had a car accident. We were amazed how easy, professional, friendly attorney Ed Smith is along with his staff. Everybody is amazing. Thank you so much, we are very impressed!
    Sincerely, Alex & Dinah M. ★★★★★
  • Ed Smith and his office team took on a difficult personal injury case on my behalf and for the passenger in my car. Ed is a top- notch attorney. His staff couldn't have been more helpful and kind. No need to look elsewhere. I give Ed Smith my highest recommendation. Beverly ★★★★★
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  • Edward Smith law offices provide competent, thorough, and personable help for victims of personal injury. When you first meet the staff you know you contacted the right office. This law office treats clients like people. I recommend this office to anyone seeking representation regarding personal injury. David M. ★★★★★