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Assuming that you had collision coverage on your car, when it is totalled, the insurer pays the "actual cash value" of the car, less the collision deductible. This represents the market value of the car immediately before the collision. It takes into account make, model, mileage, condition, and other features.

When the car is totalled, you will be given the option of keeping the salvage or letting the insurer keep it. If you keep it, the amount paid to you will be reduced by the value of the salvage.

If you keep it the salvage and have the car repaired, sometimes you are allowed to obtain a "salvage title" from the motor vehicle authorities. If the vehicle, as rebuilt, is roadworthy, you will need to insure it as you would any other vehicle.

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Q: Do you need to still pay insurance when your car is totaled?
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Related questions

If you totaled your car while drinking will your insurance still cover it?

No, they will not.


What happens if you have no insurance and you totaled your car?

you will have to pay a debt and GET CAR INSURANCE


CAN you BUY MY Car back after its totaled?

In some cases you can buy your car back from the insurance company or from the scrapyard if the vehicle is totaled. You will need to check your insurance policy to see what type of stance they take on this purchase.


Do you make an insurance payment if your car is totaled?

You should check with your insurance company. If you still have a policy open for the car the premium is still due. But I'm not sure why you'd have a policy if the insurance company said the car was totalled


What happens if you Car title loan in default and car is totaled?

Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.


If your car is declared totaled do you still have car insurance The insurance company has not paid yet.?

Hi, It depends on what type of insurance you had. Liability, full coverage...etc...Call your insurance company and find out.


What happens after your car is totaled and you only have liability?

If a car is totaled in an accident and only liability insurance is present, there is a chance that the other party's insurance will pay for the vehicle if the accident was their fault. If a car is totaled, but no others were involved, then the responsibility falls on the registered owner. This will not release the registered owner from paying for the vehicle, either, if money is still owed on the car.


If you are in a car accident and the car is totaled does your car loan get paid off through insurance?

Not unless you have the new option in insurance of the new car replacement. If your car is totaled, you will be paid the Blue Book price for your vehicle. This sum is the amount your vehicle is worth at this time. Any amount over this sum that is still owed to a car loan is still due.


Do I need a salvage title if the Ins. Co. wrote off the car as a total loss and paid me and I kept the car?

Typically, when an insurance co. pays you for a totaled car you surrender the car and the title to them so it's weird that you still have the car at all! Once you surrender the car to the insurance co. they report it as totaled and usually auction the car off to recoup some of their money. Your situation is odd.


What happens to a totaled car after the insurance co pays you for it?

Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.


If your car is totaled do you still have to pay off the insurance policy?

No, simply because there is nothing to be insured any more, your car is gone.


What happens to a car that's declared totaled by the insurance company?

If you want to keep a totaled car, the insurance company will determine the salvage value and deduct that from your settlement check. You can still get liability insurance (if there are no safety issues related to the damage), but not collision or comprehensive unless you have the repairs made.