MadisonPaige
Junior Member
What is the name of your state (only U.S. law)? California
Here's what happened: I was crossing the intersection (my light was green, not yellow/red) when another car ran a red light and t-boned me. The car hit the middle/end of the passenger's side of my car, and my car made a 180 degree turn.
Speed: It is a very short intersection; I'm not sure how fast I was going but it couldn't have been more 30 mph.
Details: She is insured up to $5,000 (minimum in CA).
We are both young, I am 21 years old and she couldn't be much older.
The main problem is that I am still paying for my car, and I owe about $3,000.
I have two options: I go through my insurance and they proclaim my car a "total", in which they pay me the cash value for the car. With the remainder of my loan, I would have only $3,500 ~ left. That is not enough to buy a new car.
If I go through her insurance and they pay me the $5,000 that is not enough to fix my car.
What can I do so that I do not lose any money? I'm not interested in getting as much money as possible (that would, of course, be nice) but, mostly, I just don't want to lose any money. (As I don't even have much money to begin with. Mostly a broke college student.)
Here's what happened: I was crossing the intersection (my light was green, not yellow/red) when another car ran a red light and t-boned me. The car hit the middle/end of the passenger's side of my car, and my car made a 180 degree turn.
Speed: It is a very short intersection; I'm not sure how fast I was going but it couldn't have been more 30 mph.
Details: She is insured up to $5,000 (minimum in CA).
We are both young, I am 21 years old and she couldn't be much older.
The main problem is that I am still paying for my car, and I owe about $3,000.
I have two options: I go through my insurance and they proclaim my car a "total", in which they pay me the cash value for the car. With the remainder of my loan, I would have only $3,500 ~ left. That is not enough to buy a new car.
If I go through her insurance and they pay me the $5,000 that is not enough to fix my car.
What can I do so that I do not lose any money? I'm not interested in getting as much money as possible (that would, of course, be nice) but, mostly, I just don't want to lose any money. (As I don't even have much money to begin with. Mostly a broke college student.)