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Model 3 totaled! please advise

slk928

New Member
Jun 14, 2019
1
6
Urbana MD
In my case, I would have lost time. Sorry you had a bad experience.




It amazes me that people pay for insurance and then automatically assume that the company they're paying for a service is instantly going to screw them the first opportunity they have. Yes, I'm aware of how insurance companies work. I've seen The Incredibles (sarcasm).

Maybe you guys just need to pay for better freaking insurance that actually does their job instead of having to fight the company you're paying money to in the first place.
I agree, when it comes to insurance carriers you get what you pay for. I’m an agent I see it all the time. Sometimes when you jump right in and lawyer up you also put the carrier on defense and it can cause worse delays because the process changes once they’re served. Give them a chance.
 

MikeHolliday

Member
May 9, 2020
315
207
Worthington, Ohio
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,


With that few of miles my Insurance Company would call it a new car and replace it for the new car value. The Purpose of insurance is to make you whole. Make sure that you include FSD if you had purchased it... If they start balking, then just explain to them that you will be call your attorney.
 

Tanya1988

New Member
Apr 2, 2021
1
4
Toronto
From Canada, we have a "depreciation waiver" for 2 years that is common for new vehicles. You can buy up to 5 years for a higher premium. I always do it. Totalled equals new car. Unsure how things work down there. Ditto for "diminished value" if its repairable.
 

billrogerM3

New Member
Oct 2, 2019
1
0
San Diego, CA (92103)
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

Drew
Do you have TESLA Insurance???
 

jeremymc7

Active Member
Feb 3, 2013
1,290
576
U.S.
When one of mine (LR AWD) was totaled it was during the early end of the pandemic and the factory had been shut down it was a 2020 car purchased in 2015. Mileage was only like 1500 miles and car was 7 months old.

Car had to be totaled. It totally looked fixable. Multiple airbags had gone off those and issue stated that when that happens they just total a Tesla as a rule of thumb. They had tried to repair enough of them to know that when they get far enough through the repair process on average it just got them more long term. They also quoted extended months of repair time.

In any case they said I would NOT get value to replace with a new car. However, they pulled three comps and ALL THREE were higher than purchase price of a new car - which we're not available at the time due to factory close.

In the end I got paid more than I paid for the car by a few thousand.

I was also able to claim CA SCE rebate again, but not Federal like the 1st car since it was gone by them. I got a new car months later and Tesla had lowered the price by $1k prior to my order in 2019, so that was additional profit on the car. And of course I got another referral from the new car for supercharger miles. Sadly, the new car was JUST before the refresh, but I did get the semi refresh with the 2020 Model Y console with one USB-C and the factory wireless charger pad. Don't forget warranty starting over since new car.

So you never know what they'll come back with. I made money and got a newer car.
 

Stan K

Member
Apr 14, 2018
74
57
Toronto
Whatever value the insurance company comes up with (which you can try to negotiate if not satisfied with the offer), they will also add sales tax in MA like most other states. So, if they say the car is worth $45k then the full payout will be $47,812.50 with tax.
Wow, 6.25% that's a low tax you guy have. We in Ontario have to pay 13%.
 

Partsguy100

'21 M3, Navy Blue w/ Tesla Offer speaker harness
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

Drew
Most policies have a rider that you get full replacement value for a certain period of time if your car is totalled. This means zero depreciation. Check your policy
 

wolf!

Member
Jan 1, 2019
11
14
central eastern
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

Drew
 

wolf!

Member
Jan 1, 2019
11
14
central eastern
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

Drew
Depends on the state. In my state a ear ender if always 'at fault'. which includes the car damaged stuff, your time out of work etc.
 

TLLMRRJ

Active Member
Dec 19, 2019
1,757
1,728
Houston
Something else to consider: My insurance company would not pay for the brand new tires I'd just bought on the Model S we totalled. If your tires are new enough you might consider removing them and putting on some old used ones and selling them separately. The salvage lot my car was brought to would've allowed us to do that if I'd considered it. At the time we were too involved in getting the right value for the car to worry about the tires.

That's a lot of work for very little return after expenses. You just can't sell used tires (anything that's been mounted) for very much money.
 

JPoldo

Member
Aug 13, 2017
307
137
Boston, MA
forgive me if i'm wrong but I read somewhere that insurance companies are not obligated to pay you back for any sale tax for cars?
Drew, did you have have FSD? If yes, make sure they replace that too. When a Tesla is totaled with FSD, Tesla should replace it no-charge because the accident didn't "total" software.
 

efel

New Member
Oct 4, 2019
4
0
Columbia, MD
I really feel for you. Worst feeling ever. I had my 2018 AWD 3 totaled. I had it for 8 months and it had 8800 miles on it. I had just had this beautiful 3M full wrap done, ceramic tint, etc. Anyhow, the accident was my fault and my insurer is Progressive. I fought with them for 3 months because at that time there weren't any good comps in my area so they kept trying to car sales in low cost states. After going back and forth I finally got them to settle for $54,000. The first offer they gave me was $48K. I made sure to read the evaluation report, dispute everything I could and gathered my own comps and receipts. Just remember to never accept the first offer, even if you think it sounds fair. It isn't.
 

jeremymc7

Active Member
Feb 3, 2013
1,290
576
U.S.
Just remember to never accept the first offer, even if you think it sounds fair. It isn't.

Expect in my case where their offer was thousands above the then current retail for a new order. This is was taxes and registration also included, along with aftermarket addons, etc. They were surprised how high their own offer was.

;)
 
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Reactions: NikolaACDC

Reborn

Member
Jan 28, 2020
148
99
New Jersey
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

Drew
Make sure the base value they used is aligned with your car. Use NADA. I totaled my car (my fault) and Geico used a base model (50)kfor their estimate and depreciated it and offered me a check for 46k (including taxes)
i went on NADA website and put in my options and my car was actually worth more that I bought it (63k) so they used the actual amount I paid (61k). After depreciation, I got 57k which is 10k more that they offered.
Go on nada website and enter your info and compare it to the base price they’re using. present the discrepancy to them. See my spreadsheet. I’m a CPA, I don’t play with my money 😂. I didn’t use a lawyer.
 

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tfbc

New Member
Jul 18, 2019
4
0
illinois
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

Drew
I was in the auto body business for over 45 years and can tell you to do your homework and get as many competitive prices from as many sources as you can like Edmund and Kelly blue book. The insurance company is not your friend and depending on the company can be less then fair. You might even consider using your own company and letting them collect from the other carrier.
 

efel

New Member
Oct 4, 2019
4
0
Columbia, MD
Expect in my case where their offer was thousands above the then current retail for a new order. This is was taxes and registration also included, along with aftermarket addons, etc. They were surprised how high their own offer was.

;)
Just read your story and man, you really lucked out! My situation wasn't too bad since I got the full federal and state rebates for my old car. So I really ended up just losing the cost of the wrap/tint. I then bought the 2019 version with FSD (had EAP before), but didn't splurge again on the wrap and lost free premium audio. Tesla wouldn't transfer my account to the new car. Realized I didn't really need that though since you can connect your phone and listen to music on Spotify.
 

efel

New Member
Oct 4, 2019
4
0
Columbia, MD
Drew, did you have have FSD? If yes, make sure they replace that too. When a Tesla is totaled with FSD, Tesla should replace it no-charge because the accident didn't "total" software.
And FSD is really something that appreciates in value. Insurers don't see it this way though, and you won't get the true value.
 

kirkhilles

2014 Model S w/ AP1
May 3, 2019
62
25
Northwest Georgia
Fortunately for me, I can't speak from experience about a totaled vehicle, but only a couple of things to state (that are pretty obvious):

1) You don't want a Rebuilt Tesla. Period. Exclamation Point. Only fools buy them due to how Tesla cuts you off from everything. I don't care if your car is 1 of 1. Never own a Salvaged one.

2) The values need to be kinda weird on Teslas. For instance, I got a very good deal on my late 2014 w/105k miles at $24.5k and after MCU2 upgrade and brake work and such, could probably sell it for $30k. Tesla and Carvana offered around $16,000 for the vehicle, despite having no Tesla for sale less than $28,000 and that's for a pre-AP1, 60kw (mine is 85).

If you get an absurdly low value, make sure you have them evaluate the current marketplace and not just KBB values or whatever.
 
May 4, 2019
37
13
Long Beach NY
So I recently found out that my 2020 Model 3 Stealth was totaled. I was rear ended so it wasn't my fault at all. I only had my car a little over a year and it had 13,000 miles on it. What ACV do you think I should accept from the other insurance company? I paid around 53k for the car (not including tax). I'm also pretty upset because my car was a stealth version and I dont think stealths are available in the 2021 models. A piece of me wished that they fixed the car even though I know it's better off being totaled because I don't think I will be able to find it again. Anyways, I was just looking for some advice please!

Thanks,

Drew
I'm going to tell you to make sure to send video from rear camera to their company and also tell them your filing a DVC.( Diminished Value Claim). Which accounts for even totaled cars of any type. I was also rear ended. His company paid $8k for repairs after seeing video and then sent me check for $9.5k for diminished resale value of the car 2018 P3D fully equipped. Need more info. Get in touch with me..!!
 

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