[jhv48]

State Farm generally determines the value of your car at the time of a loss.

It is based on the average private party sales price of a similar vehicle as yours on the day of the loss.

So, if you spent $85k on the car, but similar cars are selling for $50k at the time of the loss, yours will be valued at $50k. If you spent $50k on it but it is selling for $85k at the time of the loss, you will get $85k.

That is how they base the value of all their insured vehicles. It's value is whatever comparable vehicles are selling for at the time of the loss.

Very fair if you ask me. Blue book and wholesale pricing have nothing to do with determining the value of your vehicle if you are with State Farm.

Check out some of the other big names in insurance and see how they determine the value of your vehicle. The words, "wholesale value" and "Bluebook" just might pop up.