Question

Should I tell my insurance I totaled my car?

I was involved in an accident a few weeks ago that totaled my car. Will I benefit in any way by telling them? I'm worried about an increase in my rates, and I don't know the rules around salvaged titles and whether they're even covered by insurance or not. My insurance company is Geico and I don't have collision coverage. Just medical and property.

May 2, 2018 Davis, CA

Answer
Ava Lynch

May 2, 2018

It really depends on what you plan to do with the vehicle. If you don't plan on repairing the vehicle, I wouldn't tell your insurance company. Because you don't have collision coverage, you would receive zero compensation from your insurance company. If, however, you plan on getting the vehicle repaired, it would be considered a "salvaged vehicle." Which not every insurance company will insure. If this is the case, you would have to let your insurance company. If you don't plan on repairing the vehicle, you would only need to call your insurance company and tell them to remove the vehicle from your policy so you're no longer being charged premium for it.

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