midjd
Administrator
Your Money Admin
Joined: Dec 18, 2010 14:09:23 GMT -5
Posts: 17,719
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Post by midjd on Mar 21, 2011 21:31:11 GMT -5
No, you get a check for the value and the title becomes a salvage title... at least in my state. My brother totaled his $4K car when he was in HS but it was still mechanically sound - just very, very ugly. In his case, the entire passenger side had scraped against a telephone pole, so he would have had to replace almost half the exterior surface, doors, trunk lid, etc. The repair total was $6K or something crazy like that. He wasn't wild about driving something that looked like it had lost a match with Gravedigger, but he dealt with it for another couple of years until it finally kicked the dust for good  |
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schildi
Well-Known Member
3718 and no text
Joined: Jan 14, 2011 1:38:58 GMT -5
Posts: 1,799
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Post by schildi on Mar 21, 2011 21:56:34 GMT -5
I've never had a car totaled, but do they let you keep it? I figured the insurance company claimed it and sold it for scrap, but I honestly don't know. No, I don't think you can keep a totaled car. Imagine the insurance fraud that would be going on if they'd let people keep them. |
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Wisconsin Beth
Distinguished Associate
No, we don't walk away. But when we're holding on to something precious, we run.
Joined: Dec 20, 2010 11:59:36 GMT -5
Posts: 30,626 
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Post by Wisconsin Beth on Mar 22, 2011 8:34:02 GMT -5
The last time I totaled a car, there was a way for me to keep the car but there was an adjustment to the payout. It was 2+ cars ago and I don't remember the details.
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kimber45
Senior Member
Life's too short to own an ugly gun
Joined: Dec 20, 2010 9:40:27 GMT -5
Posts: 3,933
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Post by kimber45 on Mar 22, 2011 8:35:42 GMT -5
The last time I totaled a car, there was a way for me to keep the car but there was an adjustment to the payout.
Same here. You can keep the vehicle, but you get less of a payout from insurance, at least it's that way in MN.
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