Insurance Buy Back Question Staff
by Staff
I wrecked my 2001 Honda CBR 929rr motorcycle last week. I have State Farm insurance in Georgia. I took the motorcycle to a get a repair estimate at a local motorcycle shop. They said that the total to fix the bike would be around $6000. Kelly Blue Book says the bike is probably only worth around $4500. So more than likely they will total the motorcycle, right? If they do, is it possible for me to buy the motorcycle back, and if so how much do you think it will cost me. Will it be like half price, or is it a percentage of the total settlement? I just want to get some information so when I talk to my insurance company next week, I won't feel like I am getting ripped off.

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