I mean, depending on how much the value of the car has changed, you might get lucky. My last car got totaled by severe hail, I’d only paid maybe 30% of it off by that point, but it turned out the value of my vehicle went mostly unchanged, possibly even raised slightly, and insurance paid out the full value of the car. I actually came out ahead a couple thousand dollars, which I was able to then use for a down payment on my current car.
I mean, depending on how much the value of the car has changed, you might get lucky. My last car got totaled by severe hail, I’d only paid maybe 30% of it off by that point, but it turned out the value of my vehicle went mostly unchanged, possibly even raised slightly, and insurance paid out the full value of the car. I actually came out ahead a couple thousand dollars, which I was able to then use for a down payment on my current car.