If my vehicle repairs are higher than the vaule of the vehicle what are my options?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: May 6, 2017

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Insurance Question from Oak Lawn, IL

Asked on 05/06/2017

If my vehicle repairs are higher than the vaule of the vehicle what are my options? Does the state of Illinois make sure the insurance company replace the vehicle with a similar vehicle?

Answer given on May 08, 2017

Auto insurance will pay to repair your car, less the deductible up to the “actual cash value” of the car.  This is generally determined by the Kelly Blue Book, or other resources.  You can dispute the value the insurance company is making but you must prove your valuation.  You can do this with local ads  in the paper, or online ads in your area.  The insurance company will try to work with you but will not be willing to pay you what you think the car is worth without authentication. No state will override the insurance company but the Dept of Insurance may be willing to review the value offered if you feel the insurance company is not being fair.

Some insurance companies will determine the car to be a total loss but will allow you to purchase the car back for its salvage value.  It may not be willing to insure the car after it is repaired, or will determine a reduced value in case of another loss.

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