The result of a new car's quick depreciation is a policy limit or an actual cash value of a car that is less than what is owed to a loan or leasing company. (valuepenguin.com)
It's generally not cost - effective when the current cash value of your car is less than $ 3,000. (valuepenguin.com)
My insurance paid my deductible back to me, paid cash value of car, license and title fees, and taxes. (auto-insurance-claim-advice.com)