Write off thresholds

Jez · 19 May 2008 at 10:39

Guys,

In your experience what do insurance companies generally regard as the threshold in terms of repair costs on a vehicle before they write that vehicle off? The garage have indicated an approximate repair cost of around £5500 for my vehicle, which is a lot in terms of % value of the car. At this stage i no-one seems to be able to advise me on what % they generally write off at so thought i'd get user experiences.

Cheers :/

Hate · 19 May 2008 at 10:43

I thought it was over 50% but I probably am wrong.

Muncher · 19 May 2008 at 10:45

It can vary, 40-60%, but that's subject to additional factor such as hire can charges.

[TW]Fox · 19 May 2008 at 11:13

Repair cost plus hire car cost or market value minus salvage value, whichever is lowest, generally.

The percentage thing is a load of rubbish

Wyvern971 · 19 May 2008 at 11:20

I was told about 70% for my bike

chrislusty · 19 May 2008 at 11:21

What happened to your car?

Defcon5 · 19 May 2008 at 11:39

When I wrote mine off the cost of repair alone was 150% of the cost of the vehicle! Not that that helps you mind

rG-tom · 19 May 2008 at 12:22

i can't see why hire car costs would come into it since they have to keep you in a hire car whilst getting the estimates and also whilst waiting for that cheque to be sent, and cleared into your account? So unless it was gonna take like 2-3 weeks to repair the car it'd be a similar hire car cost regardless?

My car WASNT written off and it had £800 worth of damage, plus 3 weeks of hire car @ roughly £100 a day :s really not sure how it wasnt written off in honesty!

Jez · 19 May 2008 at 12:32

Hire car costs are expected to be around £3500, making a £9000 total claim on my side.

Iffy :/

Morba · 19 May 2008 at 12:44

Jez said:
Hire car costs are expected to be around £3500, making a £9000 total claim on my side.

Iffy :/

I may have missed something.... what has happened?

Jez · 19 May 2008 at 12:48

Only a minor bump really in the scheme of things, but S-class parts combined with the fact its an insurance job means a BIG bill.

Howard · 19 May 2008 at 13:10

What sort of hire car costs £3,500 :|

Adz · 19 May 2008 at 13:12

howardcanning said:
What sort of hire car costs £3,500 :|

Anything you get from Helphire or the like. It's all a huge scam.

Muffin` · 19 May 2008 at 13:17

What did you hit? How are you getting on with HelpHire and under-25? Do they belive the S is for 'visiting clients'?

paradigm · 19 May 2008 at 13:19

howardcanning said:
What sort of hire car costs £3,500 :|

Most things.

Hire companies seem to spank insurance companies with high costs. I had a Nissan X-Trail 2.2DCi for 4 weeks, it cost the insurance company well over £2k.

Howard · 19 May 2008 at 13:30

I see, I thought he'd demanded an S class or 7 series or something

I'd be willing to drive around in a Corsa if it meant the car not being written off due to costs!

mattpc · 19 May 2008 at 13:32

Jez said:
Only a minor bump really in the scheme of things, but S-class parts combined with the fact its an insurance job means a BIG bill.

Well if they write it off surely you can cash in by buying it back off them?

rG-tom · 19 May 2008 at 13:33

howardcanning said:
I see, I thought he'd demanded an S class or 7 series or something I'd be willing to drive around in a Corsa if it meant the car not being written off due to costs!

unless he wants it be written off?

Howard · 19 May 2008 at 13:33

He doesn't sound too happy about the possibility

Tom|Nbk · 19 May 2008 at 13:35

£2000 damage done to my car. Worth £3500 at the time so more than 50% here. Like you I **** myself as to whether it would actually get repaired. Thankfully it did.