How are car insurance write-off pay-outs calculated?

My car was written-off a few weeks ago. The other person has admitted liability and their insurer has agreed to payout. Can you tell me how they will calculate the pay-out price?

Asked on 24 September 2020 by Ian Major

Answered by Tim Kelly
You are entitled to the market value of your vehicle at the point of loss. This should be a "retail" figure adjusted for specification, options, mileage, service history and condition.
Similar questions
My car was subject to a very minor accident whilst parked car outside my home, whilst a third party was attempting to park. The damage was very minor (possibly none to theirs and a small mark on my bumper)...
At a recent family reunion, my friend's partner backed into my car in torrential rain - before I'd even moved - causing serious damage to my car. He shot off at great speed, driving in a highly dangerous...
In a recent question, your answer to a minor no claim accident was it should not affect the cost. I know of an incident where someone hit a deer and contacted the insurer and after finding that the excess...
 

Ask Honest John

Value my car