himespau- I would recommend you file a claim with the driver's insurance carrier. Put your own auto insurance carrier on notice as well if you carry underinsured/uninsured motorists coverage. Even if your insurance never pays anything, it's good practice to put them on notice.

Best approach would be to reach an agreed amount for the property damage and have the insurance company cut you a check for that amount. Don't sign any release of claim for bodily injury unless/until you are certain that you are completely recovered with no residual injury.

As tricky suggests, I don't expect the driver's insurance company will be confrontational about the valuation of your property damage as long as you have an estimate from a bike shop and/or sold Ebay listings for parts identical or similar to yours if they can't be purchased new from a shop. Property damage is almost always 4 figures + in auto crashes these days...the big headache for insurers is settling the bodily injury claim (if any) without attorney involvement.

AlanO - I have to disagree with you. Replacement cost may be a point of negotiation, but this is not the same as settling a claim with your auto insurer for comprehensive or collision with your insurance contract stating you get actual cash value at the time of the loss. Property Damage in a third party liability situation like this one is subject to negotiation between injured party and wrongful party (and their insurer). Most auto adjusters are more worried about the valuation of the bodily injury than the property damage.