Auto Insurance Claims: Hoe to determine Value, kelly blue book, market search

Question
What Value does the insurance Co go by to determine value- Private party, Trade in or Dealer retail?
Thanks,
Joy

Answer
Hi Joy,

It is a combination of all of them. However it is not determined by using Kelly Blue Book or any other guide book. It should be determined based on a market search of similar vehicles in your area and then making adjustments for differences in mileage, options and condition.

To do a market search in your area go to www.autotrader.com .

I hope this helps
Richard Hixenbaugh