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Discussion Starter #1
I have a 2005 SR5 Double cab with about 205K miles. I was traveling on the interstate and hit some ice and slid it into the median. I put the right corner into the guard rail, which spun the truck around and slid backwards along the guardrail trashing the right side. The Right steering assembly was snapped, and assuming the right front strut and assembly was smashed. I spun back out into the interstate when my right rear bumper grabbed the guardrail and my tailgate. Supposedly it tore out my exhaust as well. BUT, I was not injured except for a jammed left thumb whey the FR wheel caught.


The insurance company totaled it, offering me $8634.00. I like you guys loved my truck and someday will have another one. However, can you help me find a way to recoup more $$ because you guys know the true value of our trucks? The Insurance company doesn't quite "get" it, or if they do then they are just screwing me.



I'm just 2-Dry
 

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Ask them how they arrived at that value. In my experience they take the highest advertised price vehicle they can find and the lowest them take the average for value. That includes dealers and private sellers, which can be in all sorts of conditions.

My suggestion would be to do a search in your area for trucks in similar condition and mileage as yours (pre accident of course) and present them with that figure.
 

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Ask them how they arrived at that value. In my experience they take the highest advertised price vehicle they can find and the lowest them take the average for value. That includes dealers and private sellers, which can be in all sorts of conditions.

My suggestion would be to do a search in your area for trucks in similar condition and mileage as yours (pre accident of course) and present them with that figure.


Agree to make a counter offer of the average retail value of a used tundra truck same model /year / mileage/ condition based on what the selling price RETAIL is.

The insurance adjuster might not budge and even getting lawyer will cost you any gains.

That’s high mileage and original engine and transmission can be considered poor. If you had a rebuilt engine or transmission or both then it might be worth $5000 more. My similar truck 2006 with 85000 miles two years ago sold to me for $17000. Still had to put $1000 into new tires and front end steering kit rebuild.

Can see two years older knocking off/ reducing $3000. And 200k miles knocking off/ reducing $5000.


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OP looks to be in the rust belt also, that may play a factor in estimate. Unfortunately you might want to take $8600, push for a few bucks more and get a replacement. Thats a fair-ish price out here in California for a rust free truck with high mileage and "good" condition.
 

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Discussion Starter #6
Yes , what you all say is correct and understandable.
They acquired information online with local vehicles.
Have any of you heard of a SR5 that has front split bench seats? I have never seen that but they dinged me for a couple hundred on that! I'm thinking BS, but the vehicle sold. I do have the VIN number: 5TBDT44185S490638
 

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Check this company out: Diminished value of Georgia”. For a small fee they will work with the insurance company and can get you more money. It works. I did it.
 

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I've heard thousand of times same stories from all around the world. This is the internal politics of most insurance companies. This is the thing they need to tell you when you sign the insurance contract, and to explain you the very fine print. At least they should, but they don't. That's why is really important to have an attorney consultation before you sign any document. My sister is a single mom and she got an attorney consultation for every contract she is signing so to be sure that she will receive all the benefits from her home state. She told me that I can take a look at this company https://www.cheapautoinsurance.com/article/car-insurance-for-single-moms I think they have a better strategy oriented to the client, Hope that they will be able to help you and maybe they will have something to offer to you
 
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