How will USAA value my Ford Mustang after an accident?

How will USAA evaluate my Mustang after an accident? I was at fault in an accident but I have collision insurance. This car has been my baby since I bought it and I want to repair it if possible, but I don't want to pay for it out of pocket.

Answer
“To get the actual cash value (ACV), or fair value, of your Mustang, USAA uses a vendor tool called CCC One. To determine value, the user inputs your car information, like:
  • make
  • model
  • year
  • mileage
Unfortunately, if the amount of repairs is more than the ACV, your car insurance won’t pay for repairs. They’ll just cut you a check for the ACV.
You can use this amount to pay off the loan or you can put it toward repairs (although this isn’t recommended due to the excessive costs incurred plus a remaining loan balance).
If that Mustang is your baby, you might have to pay out of pocket.”
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Eric Schad
Answered on Jul 16, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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