One challenge you may face is when the insurance company declares your car a total loss. They may do so when it does not make economic sense to repair the car when the actual cash value of the car is less than or comparable to the amount of the repairs. A total loss may not necessarily be a good situation for you. Depending on how much you owe for your car or how much it may cost for you to get a new vehicle, you could end up in a deep financial hole. You may need to fight the insurance company when they try to declare your car a total loss because of the economic consequences.