How do I determine if I should use insurance money to repair my car vs pocket the $$ and sell/junk it? 2012 Honda Accord 190,000 miles (mostly highway) VG condition, runs great $4000 in rear end damage (bumper, trunk, lights, etc) Est local value before accident is $5k-$8k. I have an offer for $1k as is. Plus $4k insurance. I was planning on driving it into the ground but it's already pretty high mileage, would be nice to put the $$ towards something newer and start over. UPDATE: Turns out it's a total loss afterall, my insurance is sending payment for $8k. Thanks for all the help!