But what if you weren't at fault in totaling your financed car? You can contact the at-fault driver's insurance company and provide them with your lender's information. They will pay off the outstanding balance. Is Gap Insurance Better than Total Loss Insurance? Are you leasing your car?
if you totaled your car and only have liability insurance, your vehicle won’t be covered since liability insurance only pays for damage to others and their property. But if you havefull coverage insurance, you may have the proper coverage types to cover your totaled car, no matter who cause...
If you owe any money on the vehicle’s financing, you will still be held responsible for paying it. You will have to pay off your auto loan out of the settlement you receive for the totaled car. If you financed a new car purchase with no down payment, you may owe more than your ca...