If ever a car gets totaled in an accident, typically, the driver will make a claim and have their car insurance carrier pay to replace the vehicle. But what if the policyholder does not have comprehensive or collision coverage? Car insurance policyholders actually have several alternatives and we have listed them below.
Continue to drive the car
This may sound unusual but totaled cars can still be drivable in some cases. However, if you choose to do so, have a mechanic check the vehicle to make sure it’s safe to drive. But later on, you still need to have it repaired though. But having the right coverage on your policy will save you a lot of money and trouble.
Keep the parts
If you plan to get a similar car, or you already have another one that’s the same make and model, you could keep the parts for future use. Purchasing spare parts can be costly, so having some parts ready could save you a lot of money. The only downside is that the spare parts will only be useful if you have another car that can is compatible with them.
Trade the car in
If you are looking to get and purchase a new car, a dealership could possibly accept the totaled car for a trade-in. Understandably, the price will be a lot lower, but it’s better than getting nothing. You can use the wrecked car to lower the cost of the new car you are about to buy.
Repair it yourself
Finally, you can always repair the car yourself if you know how to. However, you must check first if the vehicle is still repairable. Also, you have to estimate the total cost of the repair so you would know if it’s worth the trouble. The last thing you have to consider is the number of years you plan to drive the vehicle after it is repaired.