ItnStln
Well-known member
It depends on your insurance policy. If you are willing to pay extra, there are policies that offer a replacement with a new car, if your car is new. After the first year, these policies typically will give you the money to buy a car that is a model year newer than your old car. In this case, it is a terrible example since, as you note, insurance companies typically don't give you money for a new car if you total yours -- they only buy you a new car (give you enough money to purchase a new car) if you pay them much higher premiums.
Which is the type of policy I have! I am curious however as the Mercedes-Benz E550 4MATIC is no longer made what my car will be replaced with.