“Is my car totaled?” is a common question asked after a severe accident. A totaled car, or a total loss, is one that the insurance company would rather not pay to repair, because they've deemed it not worth the cost—they'd rather pay for you to get a new one.1 However, the ...
It’s a good idea to already have an insurance policy you feel confident about so you won't be persuaded to pay more for extras. » MORE: Do I need auto insurance to buy a car? How to get auto insurance before buying a car If you don’t have car insurance, you’ll need to ...
An auto insurance company will pay the cash value of a totaled car, which is what it would cost to buy the same car as a used car from a dealer. Unfortunately, your used lease car has a market value worth much less than the new price, and the payoff amount on a lease does not dr...