Car pricing from insurance company *CHECK YOURS*
Thread Starter
Super Member
Joined: Feb 2007
Posts: 809
Likes: 74
From: Dallas, TX
2008 E63 wagon (1 of 62)
E63 Wagon - Car pricing from insurance company *CHECK YOURS*
Alright.. got into a small accident with my 2008 E63 wagon. Insurance (USAA) wants to total the vehicle stating that the value was only $13,800 prior to the incident. Having to fight with them over actual prices for these cars because they value them SOOOOO low compared to actual selling and for sale prices. Being that it is such a limited production model (153 from 2007-2009), they are trying to value these wagons as being the same as the sedans. I'll update this once I get some sort of resolve from the insurance company in regards to this and them wanting to total the car.
I have checked with all the major car sales sites, and have done nationwide searches to find similar wagons for sale and even some recent sales from bring a trailer. Hopefully they look into their valuation mistake asap so I can get my baby fixed..
Anyways, this is just a note for those out there reading this with a 211 wagon.. Call your insurance and ask them what the insured value (like in a total loss situation) would be. If you do so, I would love to hear what insurance company you have and what their valuation is of your 211 wagon.
For comparison sakes, mine is:
2008 E63 wagon with 3rd row seat (1 of 62 for 2008)
2 owner
Flint gray exterior, black leather interior with alacantra and ash wood trim
126,000 miles
immaculate condition
'14 E63 wheels installed
paint corrected and ceramic coated exterior
New OEM exterior window trim and belt moldings
Fresh ceramic window tint
brand new OEM headlamp assemblies that have been clear bra'd
basically all sorts of new things since I am a Mercedes independent shop owner and AMG enthusiast with 15 years of experience in the dealership world as a technician
I have checked with all the major car sales sites, and have done nationwide searches to find similar wagons for sale and even some recent sales from bring a trailer. Hopefully they look into their valuation mistake asap so I can get my baby fixed..
Anyways, this is just a note for those out there reading this with a 211 wagon.. Call your insurance and ask them what the insured value (like in a total loss situation) would be. If you do so, I would love to hear what insurance company you have and what their valuation is of your 211 wagon.
For comparison sakes, mine is:
2008 E63 wagon with 3rd row seat (1 of 62 for 2008)
2 owner
Flint gray exterior, black leather interior with alacantra and ash wood trim
126,000 miles
immaculate condition
'14 E63 wheels installed
paint corrected and ceramic coated exterior
New OEM exterior window trim and belt moldings
Fresh ceramic window tint
brand new OEM headlamp assemblies that have been clear bra'd
basically all sorts of new things since I am a Mercedes independent shop owner and AMG enthusiast with 15 years of experience in the dealership world as a technician
Last edited by Racin_fool; Jun 10, 2019 at 01:52 AM. Reason: Added info to title
Super Member
Joined: Jul 2015
Posts: 795
Likes: 189
From: San Diego, CA
2016 E350 Sport; Mom Wrecked the 2008 E350; sold the 2002 C320
It's different policy by policy. some (minority) are based on the stated value when you insured it.
They usually determine the value by taking a pool of comparables from both private sellers and dealerships and comparing sale price vs. actual sold price and taking an average. They will compensate the value up or down based on variations in mileage, condition and installed options and/or aftermarket components.
In your case, you can object to the valuation. Explain that the comparables aren't accurate because they are not limited edition, etc.
They usually determine the value by taking a pool of comparables from both private sellers and dealerships and comparing sale price vs. actual sold price and taking an average. They will compensate the value up or down based on variations in mileage, condition and installed options and/or aftermarket components.
In your case, you can object to the valuation. Explain that the comparables aren't accurate because they are not limited edition, etc.
Newbie
Joined: Apr 2018
Posts: 13
Likes: 4
2008 E63 AMG Wagon
@Racin_fool I know I'm four years late, but what was the outcome of your experience? I'm in the exact same situation with a nearly identical car to yours (except in iridium silver, 150k miles). They offered $13k and change which is an insulting number.
MBWorld Fanatic!
Joined: Sep 2013
Posts: 2,346
Likes: 692
2021 GLB250 FWD, 2023 GLA250 FWD, 2013 C250, 2015 GLK350, 2005 ML350SE, 2003 E320
Racin_fool hasn’t posted since 2019.
So gather your evidence and go back to you insurer. They’ll listen if presented with a good case.
Start here: https://www.classic.com/m/mercedes-b...agon/e-63-amg/
So gather your evidence and go back to you insurer. They’ll listen if presented with a good case.
Start here: https://www.classic.com/m/mercedes-b...agon/e-63-amg/
Newbie
Joined: Apr 2018
Posts: 13
Likes: 4
2008 E63 AMG Wagon
I noticed, but thanks for the confirmation. Given my desperation I thought it was worth the shot.
Of course I've already showed them auction prices. I've been tracking dealer sales, auction sales, craigslist, and Facebook ads for five years just in case of this situation. Over 200 sales in my spreadsheet with VINs, mileage, and pictures and they dismissed them all.
Both my insurance company and the insurance company of the bozo that crashed into me use the CCC for valuations, and they do not allow auctions as a permissible source. So if you have any other bright ideas, let me know.
Of course I've already showed them auction prices. I've been tracking dealer sales, auction sales, craigslist, and Facebook ads for five years just in case of this situation. Over 200 sales in my spreadsheet with VINs, mileage, and pictures and they dismissed them all.
Both my insurance company and the insurance company of the bozo that crashed into me use the CCC for valuations, and they do not allow auctions as a permissible source. So if you have any other bright ideas, let me know.
Super Member
Joined: Jul 2015
Posts: 795
Likes: 189
From: San Diego, CA
2016 E350 Sport; Mom Wrecked the 2008 E350; sold the 2002 C320
CCC is very sheisty. When my wife wrecked her Nissan Sentra, they offered us $9K for her car. Their comparables were not the same edition, not the same options and most with much more mileage. We settled for $17K.
If you have comprehensive/collision, go through your own insurance. Go on the internet and find the most recent, highest price comparables that are most similar to your car and insist they match the value. If they refuse, threaten to go to the insurance commission.
Your insurance company owes you a duty of good faith - the 3rd party's insurance doesn't
If you have comprehensive/collision, go through your own insurance. Go on the internet and find the most recent, highest price comparables that are most similar to your car and insist they match the value. If they refuse, threaten to go to the insurance commission.
Your insurance company owes you a duty of good faith - the 3rd party's insurance doesn't
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MBWorld Fanatic!
Joined: Sep 2013
Posts: 2,346
Likes: 692
2021 GLB250 FWD, 2023 GLA250 FWD, 2013 C250, 2015 GLK350, 2005 ML350SE, 2003 E320
When my W211 was wrecked, my company presented me with their comps. I gave them mine and they took the average of the highest 9. Mine was a nothing special E320 sedan with almost 200k miles on it. The settlement would have allowed me to get a newer year with half the mileage. But there were hundreds of them available.
I’m thinking lawyer.
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Super Member
Joined: Jul 2015
Posts: 795
Likes: 189
From: San Diego, CA
2016 E350 Sport; Mom Wrecked the 2008 E350; sold the 2002 C320
They do not accept auction valuations because they must pay you fair market price - an average of dealer and private party prices (for sale and sold). The new best thing you can do for yourself is gather a handful of online comparables and present the 6-10 highest priced.
And CCC does not accept comparables from Carvana
And CCC does not accept comparables from Carvana
