Question on Insurance company paying out

brigadear

Hi folks I have question regarding insurance company paying out. My friend had car broke into and they tryed to steal it, they didnt manage to do so but caused a lot of damage to the ignition area, so car was taken away by an engineer for the insurance company. Because the car is 15 years now but in great condition, only just passed nct last month, we are expecting insurance company to just write it off and say it isnt worth repairing. He spend 1500 euro on it 15 months ago, what do people think that the insurance company would pay out on this from personel experience. as am sure plenty of people here have had some experience with this, cheers.

Drummerboy08

Make/model of car? All depends on that. It could be a 15 year old Ferrari, or a 15 year old Toyota Carina..... Big difference!

Anan1

Also depends on the cost of repairing the damage. TBH it's an impossible question to answer, especially with the limited information the OP's given us.

leeroybrown

As Anan1 says, it's impossible to make a call based on so little information. If the cost of repairing the damage gets close to 50% of the car's value I'd expect them to decide to write it off as uneconomic. Also, different insurers have different assessors in particular areas - some are far less generous than others.

brigadear

Sorry my bad its a Micra. When speaking to insurance company they mentioned to him that because of the year of the car it may not be worth fixing it.

Seth Brundle

Your friend should dig out as many adverts looking for high prices and use these to justify a high price (depending on the condition of your friends car). However a 15 year old micra is really unlikely to be worth anything at all!

ball

94 micra.
You'd be lucky to get 6-700 quid tbh

leeroybrown

Yikes! €1500 spent fixing a Micra that old. Some (probably most) insurance assessors will already have decided to write it off before they've even had a chance to look at it. The recent NCT should help the pay-out value slightly.

Edit: Removed an error.

brigadear

It was an import and there was only 45 miles on it. He actually only paid 1k in the end and not 1500, 1500 was asking price. He actually got a 6 month warranty which I thought was quite good as most places would only give 3 month warranty on a car of that age.

leeroybrown

Ah. I had mis-read the post. I thought that €1500 had been spent fixing it. Not enough coffee today! Seeing as the car cost €1000, I'd say that there's very little chance if it being fixed.