First off, if your vehicle is totalled, the insurance company must give you a rental vehicle.
Check the NADA current value of your vehicle , as well as several other resources such as Edmonds.com, Kelly Blue Book, etc.
Be sure to look up the options that you had on your car an assure that the insurance company includes them when they are figuring the price out. Also, if you have things like brand new tires, mention it, as it could make the value go higher.
Wait for them to tell you what they are going to offer you before you say anything about the price.
It could make a difference if you are dealing with your insurance company or if you are dealing with the company of the person who hit you. If the insurance company thinks they will be avoiding a possible lawsuit before they may give you a fairer value. However, don't come out gun blazing talking about lawsuits, etc. Wait to see what they want to offer you. See if you think that number is fair. If so, you are fine. If not, come back with a counter offer (having done the research.)
Answer Provided by KeepItSimpleCoaching.com (This answer isn't complete, as I was just hit and am going through this process right now...)
The insurance company. They have in theory bought the car or what was left of it.
The insurance company will pay the finance company not you.
It would depend on why the car was totaled and who's fault the accident was and what time of insurance do you have PLPD or Full Coverage
The insurance company will pay you the worth of your car minus your deductible.
Yes, if your insurance company will not pay it all.
most time if the car was in an accident and is totaled you will have to by it back from your insurance company
The insurance company will make you an offer.
Legally, if the company pays you for the totaled vehicle, it belongs to them. You can offer (if they don't) to by the scraps back. This would be deducted from your settlement and you would be paid the difference.
Hi, It depends on what type of insurance you had. Liability, full coverage...etc...Call your insurance company and find out.
I totaled my Mustang and was able to buy it back from the insurance company. They gave me the Blue-Book value less my $500 deductable. They would not insure it after I repaired it, I had to switch insurance carriers to get coverage.
Is it possible negotiate with the insurance company over what your totaled car is worth? Sure, but you'll need to get comparables from the internet and the classifieds. if there is a big difference, you may want to consider getting an attorney to help. Hope that helps! http://www.boomer-survival-guide.com