How does CarGuru value differ from Edmunds or Kelly Blue Book

Asked by Guru92C63X Sep 08, 2022 at 01:20 PM about the 2011 Lexus RX Hybrid 450h AWD

Question type: General

I am trying to determine the "actual cash value" for  a Lexus 450H for an
insurance settlement. In particular, I want to be sure the last two year
increase in used car values and the impact of recent high gas prices have
been properly figured in arriving at a settlement figure. The CarGurus price
trend web page indicates the average value for my 2011 Lexus 450H is
$17,156. My offer from insurance adjuster is $12,645.

1 Answer
157,555

James answered 2 years ago

Mileage and overall condition of the vehicle at the time of the loss effect the actual value of your specific vehicle. In addition opinions of the vehicle condition will vary. You might think the vehicle was in excellent condition but the insurance adjuster might rate the vehicle as very good. Vehicle options and option packages play into the value of the vehicle as well. I believe most insurance companies use kbb.com for their value determinations. Ask the insurance company how they arrived at their number and give them a printed copy of your number. Don't forget about the deductible, if applicable, as well. Hope that helps! Jim

1 people found this helpful.
Mark helpful

Your Answer:

Related Questions

Shortcuts

Search Lexus RX Hybrid Questions

CarGurus Experts

  • #1
    Geekteach
    Reputation
    690
  • #2
    Guru558LV
    Reputation
    630
  • #2
    GuruZWCZY
    Reputation
    630
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Lexus RX
36 Great Deals out of 859 listings starting at $5,495
Used Toyota Highlander Hybrid
14 Great Deals out of 253 listings starting at $11,550
Used Lexus GX
3 Great Deals out of 60 listings starting at $6,995
Used Lexus LX
28 listings starting at $28,900
Used Acura MDX
26 Great Deals out of 752 listings starting at $5,800
Used BMW X5
43 Great Deals out of 1,130 listings starting at $3,995
Used Lexus LS Hybrid
4 listings starting at $17,999

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.