Auto Insurance Companies That Don’t Use the CCC Valuation Report (2024)
Insurance companies have found that using CCC’s car value reports can save them money. Check with an insurance company to be sure they don’t use CCC to determine your car’s value.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Jun 21, 2023
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jun 21, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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When you were first shopping for the safest family cars, you may have used a resource like Kelley Blue Book to ascertain the value of the vehicles you were interested in. However, after an accident, your insurance company will use another system to estimate the value of your car.
CCC Information Services Inc. is a company that provides reports on vehicle values to many major insurance companies. Unfortunately, this company usually calculates low ball offers for their insurance company clients, leaving drivers with the short end of the stick.
Most insurance companies have found that when it comes to using CCC’s car value reports vs. Kelley Blue Book, CCC can save them money.
If your insurance company declared your vehicle a total loss, you should hopefully receive a fair offer. Still, auto insurance companies that don’t use CCC’s actual cash value are few and far between.
Don’t be cheated out of a fair offer for your totaled vehicle by a CCC car value estimator. The more information you have on how to combat an unfair offer, the sooner you’ll be able to receive the settlement you deserve. Keep reading to learn more.
What are the best auto insurance companies that don’t use CCC’s actual cash value?
While it may be difficult to find auto insurance companies that don’t use CCC’s actual cash value, working with such a company could give you some peace of mind knowing that you’re more likely to get a fair offer for a totaled vehicle.
The following two car insurance companies do not use CCC’s services:
- The General
- SafeAuto
As you can see, CCC has quite a hold on the insurance market.
To increase your chances of avoiding a company that uses CCC’s actual cash value, shop online to find local, independent insurance agencies in your area.
You can also ask a prospective insurance company if they use CCC and how they evaluate claims.
Which auto insurance companies use CCC Information Services?
Finding auto insurance companies that don’t use CCC’s actual cash value could be difficult. CCC has a tight grip on quite a few major insurance companies.
Here are just a few of the auto insurance companies that use CCC’s actual cash value:
- Nationwide
- Geico
- Allstate
- Commerce
- Amica
- Liberty Mutual
- Farmers
- USAA
While most of these larger auto insurance companies offer competitive rates, they may not offer you fair compensation if you total your vehicle in an accident.
If you drive a newer or classic car, you may want to shop for quotes from smaller car insurance companies that don’t use CCC’s actual cash values.
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How does CCC Information Services value your vehicle?
Insurance companies use certain criteria to estimate the value of a totaled car. Typically, if the cost to repair your vehicle is more than the cost of the car itself, or if the vehicle is unsafe to drive, your vehicle is considered totaled.
With these parameters, drivers and insurance companies can usually agree when a vehicle is totaled. But what insurance issues are there when a car is totaled?
Receiving an accurate settlement for your totaled vehicle is when things can get tricky, especially if you unwittingly decided to buy insurance from an auto insurance company that uses CCC’s actual cash value.
How do insurance adjusters determine the value of a vehicle? CCC uses an internal valuation method that doesn’t appraise your car but instead appraises a mythical vehicle.
First, CCC assesses the condition of your vehicle. However, the appraisal is subjective and may vary between appraisers.
Next, CCC compares your car to others like it. Instead of just finding three other vehicles that are comparable to yours, CCC gathers information on as many cars that are the same year, make, and model as it can.
Finally, CCC looks at the price of similar vehicles. But the company asks sellers what the lowest price is the they would take for the car. That price is then used to help determine your insurance payout instead of using fair market value.
Then, after discarding any vehicles that CCC has determined were oversold, an average is run to determine the cash value of your vehicle.
However, most buyers won’t be able to replace their vehicle for the lowest price a seller is willing to take. As a result, many drivers won’t get enough insurance money to replace their totaled vehicle.
Can I dispute an unfair auto insurance settlement offer?
With CCC, insurance companies have a way to save money on totaled vehicles. However, the actual cash value offered by CCC may not be fair.
If you have an insurance policy with any company that uses CCC’s actual cash value and you think you were offered an unfair settlement for your totaled vehicle, you should not be afraid to fight it.
According to WBUR News, the Massachusetts Division of Insurance began investigating CCC after allegations that drivers were facing intense financial losses due to their valuation method.
You can take these steps to fight for the settlement you deserve:
- Reject the first offer.
- Request all the valuation documents.
- Study the vehicles used in the valuations to ensure there are no low-priced outliers.
- Demand that your vehicle is used in the valuations process, especially if you improved the car after purchasing it.
You can negotiate with your insurance company to get a fair settlement. However, remember that cars rapidly depreciate, so you probably won’t get a large enough payout to replace your vehicle without out-of-pocket expenses.
What You Need to Know about Auto Insurance Companies That Don’t Use CCC’s Actual Cash Value
Now that you’re armed with the knowledge of how many major insurance companies value totaled vehicles, you’ll be able to fight back against an unfair settlement offer.
Most large auto insurance companies use CCC to determine the value of your totaled car, but the price is seldom fair. This is because CCC uses several different methods that lower the value of your vehicle significantly.
If you receive a low offer for your totaled car, try negotiating with your insurance company. You may be able to get a better offer.
If you’d like to avoid dealing with CCC’s cash value estimator altogether, look for auto insurance quotes from local companies that don’t use CCC Information Services.
Check with an insurance company before you sign up for coverage to be sure they don’t use CCC to determine your car’s value.
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Frequently Asked Questions
What is the CCC Valuation Report in auto insurance?
The CCC Valuation Report is a commonly used tool in the auto insurance industry to determine the value of a vehicle that has been involved in an accident or deemed a total loss. It provides an estimate of the vehicle’s worth based on factors such as its condition, age, mileage, and market value.
Are there any auto insurance companies that don’t use the CCC Valuation Report?
Yes, there are auto insurance companies that do not rely on the CCC Valuation Report for determining the value of a vehicle. Instead, they may use alternative methods or sources to assess the worth of a car.
Why would an insurance company not use the CCC Valuation Report?
Insurance companies may choose not to use the CCC Valuation Report for various reasons. Some companies may have their own in-house valuation systems or prefer to rely on other industry-standard reports. Additionally, certain insurers may opt to use independent appraisers or conduct their own investigations to determine a vehicle’s value.
How can I find out if my auto insurance company uses the CCC Valuation Report?
To determine whether your auto insurance company utilizes the CCC Valuation Report, you can reach out to your insurance agent or contact the company’s customer service department directly. They should be able to provide you with information on their valuation methods.
Can you provide a list of auto insurance companies that don’t use the CCC Valuation Report?
Unfortunately, as insurance company practices and policies can change over time, it’s challenging to provide an up-to-date list of all the companies that do not use the CCC Valuation Report. It’s best to consult directly with your insurance provider or research different companies to understand their specific valuation processes.
Are there any disadvantages to insurance companies not using the CCC Valuation Report?
While the CCC Valuation Report is widely accepted in the industry, alternative valuation methods used by insurance companies may have their own advantages and disadvantages. It’s essential to review the specific procedures and guidelines employed by your insurance company to determine whether they adequately assess the value of a vehicle in a manner that meets your expectations.
Can I request an alternative valuation method from my auto insurance company?
Yes, in many cases, you can request an alternative valuation method from your auto insurance company if they do not use the CCC Valuation Report. However, it’s important to note that each insurance company has its own policies and guidelines, and they may or may not be willing to accommodate such requests. Contact your insurance provider and inquire about their options for alternative valuations if it aligns with your preferences.
The availability and applicability of the CCC Valuation Report and alternative valuation methods may vary depending on your location and specific insurance provider. It’s always recommended to consult with your insurance company directly for accurate and up-to-date information.
What are some common alternative valuation methods used by auto insurance companies?
Auto insurance companies that do not use the CCC Valuation Report may employ various alternative valuation methods. Some common alternatives include using industry databases, obtaining multiple independent appraisals, considering local market prices, utilizing dealer quotes, or taking into account repair costs and salvage values.
Are there any advantages to insurance companies using alternative valuation methods?
Alternative valuation methods can provide certain advantages depending on the circumstances. For example, independent appraisals or local market prices may offer a more accurate reflection of a vehicle’s value in specific regions. Additionally, considering repair costs and salvage values can be beneficial when determining the worth of a vehicle that may be repaired instead of deemed a total loss.
Can using alternative valuation methods impact the amount I receive in an insurance claim?
Yes, the valuation method employed by your insurance company can have an impact on the amount you receive in an insurance claim. Different valuation methods may yield different values for your vehicle, which could affect the total payout you receive from your insurance company in the event of an accident or total loss. It’s important to review your policy and understand how your insurance company determines the value of your vehicle.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.