“Whether the other party’s insurance will pay for the actual cash value of your vehicle or the cost of repairs depends on a few different factors.
The car insurance
company will first need to determine who was at fault.
If the other party’s insurance does claim liability, they will send out an adjuster to assess the damage on your vehicle. If the cost to repair the damage is greater than the actual cash value of your vehicle, they will pay you the actual cash value of your vehicle.
If it will cost less than the actual cash value to repair the damage, they’ll typically pay for the repairs.
You’ll need to wait until they have made their decision before moving forward with a new vehicle. If they do decide to repair your vehicle, you can always trade it in or sell it to get a new vehicle.