The insurance company should be able to tell you what sources they are using to determine what is known as the "actual cash value" of your vehicle. If you believe their offer is too low, you can conduct your own research by contacting dealers, looking at advertisements of similar vehicles that are for sale, and checking the NADA or red book or blue book guides. If you owe more on your vehicle loan than the Actual Cash Value, the insurance company is not obligated to make up the difference.
Speak to an Experienced Insurance Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.