Gap insurance can pay out if the balance on your car loan is larger than the amount your insurance company will pay if your car is totaled ...

If you owe more than the car is worth and your full coverage car insurance policy pays out the vehicle’s actual cash value after an accident, you may be stuck with an outstanding debt. But if you ...

CheapInsurance.com reports that a car is a total loss when repair costs exceed its actual cash value. It outlines options and ...

You’re driving off the lot in a new car — but the second you do, its value starts to drop. If you get into an accident or your car gets stolen in the first year or two, your auto insurance might not ...

Question: My car was totaled in an accident. Should I repair and keep driving it or buy a new one? Answer: In many cases, buying a car after your current car is declared a total loss is the easier, ...