Yesterday I totaled my 2000 ZX3 and almost died, luckily my roof didn't completely cave in as i slid in the ditch after i flipped over, SO my engine and transmission isn't damaged. I wanna save some movie and just buy a car like mine with a blown engine and then switch engines and get the keep the rest of the insurance payout. I already found the possible car BUT i'm not sure if the insurance company will let me keep my car after its declared totaled? The car i found is for only 500 dollars and my dad is a mechanic, so i really need 2 know quick
2006-09-11 11:30:57 · 9 answers · asked by AzztecDeath2012 2 in Cars & Transportation ➔ Maintenance & Repairs
My insurance company is allstate. btw
2006-09-11 11:41:12 · update #1
Sometimes the insurance company will offer you two prices. One usually higher price to totall your vehicle, but then they take it from you. One lower price for them to totall your vehicle but then you get to keep it. Sometimes insurance companies pay you for your car and then you go to the junkyard they took it too and buy it back from them.
2006-09-11 11:35:20 · answer #1 · answered by nick e 1 · 1⤊ 0⤋
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RE Totaled my car, What will insurance do?
Yesterday I totaled my 2000 ZX3 and almost died, luckily my roof didn't completely cave in as i slid in the ditch after i flipped over, SO my engine and transmission isn't damaged. I wanna save some movie and just buy a car like mine with a blown engine and then switch engines and get the keep the rest of the insurance payout. I already found the possible car BUT i'm not sure if the insurance company will let me keep my car after its declared totaled? The car i found is for only 500 dollars and my dad is a mechanic, so i really need 2 know quick
2014-08-23 04:09:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The insurance company will usually give you a salvage price on your car.
If the car was totaled and its replacement value was $5000 the insurance company may place a salvage value of $500.
If you keep the car they will pay you $4500. Less your deductable.
2006-09-11 12:46:06 · answer #3 · answered by R1volta 6 · 0⤊ 0⤋
You can buy the car back for the salvage value. You will be bidding with auto wrecking yards. Just let your insurance agent know that you want to buy the salvage rights. He will add you to the list of who attends the bidding. You will also get stuck for the towing and storage fees that apply. Sometimes that is all the insurance company wants to get for it.
2006-09-11 11:35:27 · answer #4 · answered by yes_its_me 7 · 0⤊ 0⤋
my experience has been that they take your car after its totaled but you can buy it back for a sometimes reasonable price sounds like it would deffinately be worth it for u to buy it back no matter what.... it also depends on what kind of insurance you have as to how they deal with it and if you will have any money left over....
2006-09-11 12:34:14 · answer #5 · answered by Pumbler 1 · 0⤊ 0⤋
Get insurance quotes
2014-12-19 06:43:51 · answer #6 · answered by ? 1 · 0⤊ 0⤋
You don't get to keep your car. The ins. co. gives you what it was worth and they own it. You may be able to buy it back from them. See what price they come up with. It may be worth your while to do the swap, and then scrap the car.
2006-09-11 13:11:00 · answer #7 · answered by Papa John 6 · 0⤊ 0⤋
yea you get to keep the car after its totalled.
2006-09-11 11:34:20 · answer #8 · answered by Anonymous · 0⤊ 1⤋
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2014-06-26 12:35:22 · answer #9 · answered by Anonymous · 8⤊ 0⤋