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Old 08-15-2015, 09:14 AM   #1
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Quote:
Originally Posted by BIGJake111 View Post
I had a Boxster totaled, I was very pleased to find that the insurance company did not go by book values, rather they based the replacement value off of similar cars within the area with similar options.
When my first Boxster was totalled while parked, I had a similar experience as Jake with my insurance company (other party at fault was vastly underinsured) where they determined the value of my car from comparable vehicles (similar to how its done in real estate). The NADA or Blue Book values never came into play.
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Old 08-16-2015, 07:12 AM   #2
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I can only comment on what I see insurance companies value wrecked boxsters at. The price can vary by almost $10,000 on what they value a similar condition boxster at. I think it has to do a lot with the agent filling out the paperwork. The variations in price happens a lot more on base boxsters. I think the agent might be getting the values of an S boxster and a base confused. I've also noticed that location will affect the value sometimes. Generally speaking, values in California are the least and then followed by Florida, Colorado and Texas. It also seems like the poor states value them higher.
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