Car accident...question to the planet

[CoMoChief]

The insurance company will only pay for what the veh is worth at the time of the accident.

Now having that said, he can file through his own insurance company and see what their offer is, granted they would subtract his deductible, but his insurance company would go after the at fault party for subrogation (reimbursement) including his deductible, whatever that may be.

I would file the claim just to see what his own insurance company would total the vehicle at, then if its more than the kids insurance company, maybe he might want to handle through his own then have his insurance company subrogate the other on the back end. Since he's not at fault it shouldnt effect his rates, especially if they are going to get their money back since the kid admitted fault and most likely the other insurance company has already accepted liability for the accident.

You also have to realize that even though it has 68k mileage on it, it's also pretty much a 10 yr old veh. $11k is a pretty good price for that vehicle, regardless of what he may think. Now if there are extras he put on the vehicle, rims, suped up the engine, that may increase the value a little bit but probably not too much.