My car is a Corolla 2007 Sport. I feel bad and I want to get another one. It was not my fault it was the other driver fault. My insurance is been really nice. My Insurance is Mercury and they are going to fix my car again is been 5 months since I bought (New C ero Miles)it I dont wanted anymore because it wont be the same after they repair. I was thinking is there anyway in which my insurance can buy my car? I dont want my car back it was not my fault.
If I keep on saying that I dont want that car anymore would the insurance would paid it? Help!
2007-10-20 21:24:06 · 9 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
You are entitled to have all your losses compensated. Unless the car is totaled, you will not get a new car. You are entitled to have the car fixed, and any and all expenses (rental car and such) paid. You are also entitled to compensation for the diminished value of the vehicle.
With services such as Carfax and AutoChek, any prospective buyer (or dealer taking the car in as a trade), will be able to see that the car was damaged, and will want to pay less for it! If the other party is at fault, and you are collecting through their insurance, you should be able to get a check for the difference in value. If the accident was your fault, it is doubtful that your insurance will pay for diminished value!
You may want to consult a lawyer.
2007-10-21 04:33:16 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
Nope
If your car is repairable your insurance company is not going to total loss your car just because the newness got knocked off it.
In most states a car is a total loss when the cost to repair the vehicle equals or exceeds 75% of the cars value.
If you don't want the car anymore - then you will have to get it fixed and trade it in.
Once the car is properly repaired there is no reason not to keep the car. With a good repair job no one will ever know that it was damaged and it should not drive any difference. If you use the shop that your dealer recommends this will usually keep warranties from being voided.
Since the hang up is yours - you get to take the financial hit. You can't force the insurance company to take it for you.
Also - something you have not thought about - if you financed the car: in general - the car depreciates faster in the first year than your payments bring the note down. Frequently folks whose cars are total losses in the first year end up "upside down" - that means owing more than the car is worth.
So - even if the insurance company deemed your car a total loss - they don't pay off your note - they pay what the car is worth. If the car is worth less than your note - you get stuck paying the difference.
2007-10-21 10:29:08 · answer #2 · answered by Boots 7 · 0⤊ 2⤋
It is not up to your insurance company. If you were not at fault, then the others insurance company must pay the bill unless you are in a true no-fault state. Never really found one, even when they said I was. Talk with your representative and seel if there is a replacement clause in your policy. If not, is there a repair guarantee from the insurance or from the repair shop? If they use off brand replacement parts, there is a good chance there will be problems in the future, but with original makers parts, the likelihood is much less.
2007-10-21 04:34:18 · answer #3 · answered by Anonymous · 2⤊ 0⤋
Insurance companies pay only the cost of repair to the vehicle. If the cost of repair exceeds the worth of the vehicle, it is considered 'totalled' and you are given a check for the worth of the vehicle, and the vehicle is claimed.
If you don't want the car anymore, continue with the repairs and trade it in or sell it. No insurance company is going to claim the vehicle and issue a check for its worth for damage less than the value of the vehicle.
2007-10-21 04:29:06 · answer #4 · answered by Captain Ron 4 · 0⤊ 2⤋
Not in this case, they have done their job, in getting it fixed, and now the title has a notation of the accident, you won't get top dollar ever again. In the mean time, you still owe you loan, and if you did sell, you won't get enough to pay off the loan. Sorry, you are stuck, unless you sell on the streets, and are willing to take a loss.
2007-10-21 04:29:57 · answer #5 · answered by Nifty Bill 7 · 0⤊ 2⤋
if they total the car out, they'll pay you for it. if not, and they're going to fix it, there is nothing you can do. you have to get the car fixed. don't go with Geico. they'll rip you off.
2007-10-21 04:28:07 · answer #6 · answered by Anonymous · 2⤊ 1⤋
if the car is cheaper to repair than replace they will fix it.if you dont want it you can sell it
buy another one and suck your losses
2007-10-21 04:27:52 · answer #7 · answered by timo 3 · 2⤊ 2⤋
Switch to Geico and save a bunch of money. 15 minutes could save you 15% or more on car insurance.
GEICO.
2007-10-21 04:26:16 · answer #8 · answered by oatw 3 · 0⤊ 5⤋
how did you pay for it? if its on credit, stop paying and the loan people will take it away.
2007-10-21 04:28:24 · answer #9 · answered by me 4 · 0⤊ 4⤋