Will I be able to get a new car?

I was in a car accident 2 days ago and hit a woman coming out of a parking lot on to the main road. The police and insurance said that she was at fault for not yielding to the right of way, so her insurance is paying for the repairs and my rental car. They said today that it looks like my car will be totaled and they will pay me what the car is worth, which is probably about $5000 because its a 2005 Honda Civic and that's what I paid for it. Am I only going to get $5000 and then have to spend money myself or will they also provide more for me to get a car or how does this work?

I was in a car accident 2 days ago and hit a woman coming out of a parking lot on to the main road. The police and insurance said that she was at fault for not yielding to the right of way, so her insurance is paying for the repairs and my rental car. They said today that it looks like my car will be totaled and they will pay me what the car is worth, which is probably about $5000 because its a 2005 Honda Civic and that's what I paid for it. Am I only going to get $5000 and then have to spend money myself or will they also provide more for me to get a car or how does this work? Go here http://www.nadaguides.com/Cars/2005/Honda and choose the correct model 2005 Civic and then put in the pertinent information. This will tell you the retail value of your Civic which is going to be more than $5,000. That is what the insurance will pay you. Make sure they do not try to pay you anything less than average retail. You then take the money they give you and buy another car. You will get a check for the value of the car and you'll have to go out and find another car for that amount. Or you can use that amount for the down payment on another car and finance the rest. They will pay the CURRENT MARKET VALUE of your car, which is probably going to be LESS than what you paid for it. If you want a newer car then you'll have to kick in some of your own money. Your loss was the value of the car, and that's all you are going to get. The insurance company doesn't have to pay any more than that. So you take the $5000 and assuming you don't have a loan on it - go buy yourself another car. They will pay you the lowest market value they can get away with based on what the car was worth just before the accident occurred. You then take the money and do what you like with it - you do not even have to buy a car at all if you do not want to. No, the insurance company won't help you find a new car. They won't give you any extra either, they pay the actual cash (depreciated retail) value of the vehicle you lost and that's it.

When you claim for compensation after an accident, you're only entitled to be paid for what you actually lost. The 'inconvenience factor' of having to find another vehicle isn't covered, because it's an unknown variable. You could find the perfect replacement car this afternoon or two months from now, or maybe never, and that's too much of an unknown for any insurance company. That's why they just pay you for what you lost. You will get a chk for the value.period

You will get a check for the value of the car and you'll have to go out and find another car for that amount. Or you can use that amount for the down payment on another car and finance the rest.

They will pay the CURRENT MARKET VALUE of your car, which is probably going to be LESS than what you paid for it. If you want a newer car then you'll have to kick in some of your own money.

Your loss was the value of the car, and that's all you are going to get. The insurance company doesn't have to pay any more than that. So you take the $5000 and assuming you don't have a loan on it - go buy yourself another car.

They will pay you the lowest market value they can get away with based on what the car was worth just before the accident occurred. You then take the money and do what you like with it - you do not even have to buy a car at all if you do not want to.

No, the insurance company won't help you find a new car. They won't give you any extra either, they pay the actual cash (depreciated retail) value of the vehicle you lost and that's it.

When you claim for compensation after an accident, you're only entitled to be paid for what you actually lost. The 'inconvenience factor' of having to find another vehicle isn't covered, because it's an unknown variable. You could find the perfect replacement car this afternoon or two months from now, or maybe never, and that's too much of an unknown for any insurance company. That's why they just pay you for what you lost.

You will get a chk for the value.period