Overhaulin'

How does the new car replacement work with allstate after your car is totaled?

My truck was hit by another car and my insurance totaled it and i have new car replacement so i was wondering how that works. Do they get me another one and i continue my note or am i note free? Just wondering how that all works thanks.

Public Comments

1. Basically, New Car Replacement means that your insurance company will replace your vehicle without depreciation. The check most likely will be paid to your lien-holder and after the lien is paid you will get the difference. They will advise you how much it will cost to replace your vehicle w/o any depreciation.
2. They pay the full undepreciated value of the vehicle, the loan is paid out of the settlement, and the difference is your down payment to purchase another vehicle of your choice.
3. There are lots of sites where you can get a free insurance quote. http://www.goodinternetdeals.com/Auto-Insurance.html It only takes a few minutes to do.