I just heard a helpful story from a good friend, that reminded me what to do in these situations: 1. (Always) haggle with the insurance company ! Tell them you want to keep the vehicle and watch their offer go up !? 2. Then, as "ragtopdodge" suggests, TELL them you want to buy it back (for what they're going to auction it for...or less !) 3. In other words, NEVER trust or accept an insurance company's first, or second, or third, or ??? "offer" !