What the insurance companies are saying is that as the car is (at 30%) 3 years old, then each part or component is only worth 70% of the new price. The Insurance companies are paying for the replacement of the parts at the value they are now worth.
As all parts are new, you are in their opinion going to be driving a car with a 70% value front end and 100% value rear end after the repair. Though when you next renew your insurance the car will be valued at 60% for the whole and if you have the same acccident then, it will cost you 40% of the parts.
They should only be charging you for 30% of the cost of parts and nothing for labour as I understand it as that would does not depreciate with age.
Could be wrong, but sorry I think if you want your car you need to pay. Personally I think the insurance should pay 100%.
Each year the car is depreciated by 10%.
What the insurance companies are saying is that as the car is (at 30%) 3 years old, then each part or component is only worth 70% of the new price. The Insurance companies are paying for the replacement of the parts at the value they are now worth.
As all parts are new, you are in their opinion going to be driving a car with a 70% value front end and 100% value rear end after the repair. Though when you next renew your insurance the car will be valued at 60% for the whole and if you have the same acccident then, it will cost you 40% of the parts.
They should only be charging you for 30% of the cost of parts and nothing for labour as I understand it as that would does not depreciate with age.
Could be wrong, but sorry I think if you want your car you need to pay. Personally I think the insurance should pay 100%.