Will Insurance Give Me A New Car? 
Depending on the specific terms and conditions of your policy , it might , but you need to talk this over with your Insurance Professional . Most policies settle losses on an `` Actual Cash Value '' or `` Depreciated Value '' basis meaning that settlement for a total loss would be based upon the book value of the car . Some companies offer optional new car replacement coverage which would then pay for a new car of similar make and model . Other policies , usually covering collector or classic cars will pay based upon an agreed value for the car , in many cases predetermined by an appraisal at the time of application . 