Can Insurance Help If I Get into an Accident With a Title Loan?

Let’s get started

Get your cash today by filling out this form or for instant pre-approval call (855) 561-56262

  • 1
    Car Information
  • 2
    Your Information
  • 3
    Free Estimate
By Submitting the application, this is my express written consent that I certify that I am a US resident, at least 18 years of age and authorize this website, business owned by this site, lenders and/or their affiliates to contact me about my account by phone, automatic dialer, text message, voicemail messages, pre-recorded messages, mail, or email, and give information concerning this transaction to others if it is required to originate, fund, collect, or service my Account. I also certify that I agree to the terms of this websites Privacy Policy, Terms of Website Use, Consent to Electronic Disclosures, and Wireless Policy and that my consent is not condition of a purchase.

Application Submitted

For Fastest Service Call Us Now!



Want to know how much your payments will be? Use our title loan calculator to find out.

Max Cash Calculator
Big Phone Icon - Transparent and Black

Instant Pre-Approvals

Call us anytime seven days a week for instant pre-approvals! 2

(855) 561-5626

How Much You Can Get On Your Car Banner
Accidents happen. They are an unavoidable part of life. This concept especially applies to being behind the wheel. When piloting a two-ton piece of machinery on a road where other such machines are going to be, there are bound to be slip-ups here and there that cause varying degrees of damage to the vehicles involved. This does not go away even when you have a car title loan. When one happens during a title loan repayment though, it can be a panic inducing situation, especially when it comes to wondering if your car insurance will be able to help you. However, Max Cash Title Loans is here to guide you through what to do when an accident happens.

What Happens Now?

So, you have just gotten into an accident while in repayment of a car title loan. What will happen with your car title loan from here? Seeing that your car might be undrive-able at this point, you may be unsure how your lender may no longer have as heavy of collateral to ensure that you repay. As you might be able to guess, even though your car may be completely totaled you will still be responsible for paying off the remaining balance on your car title loan. However, the way that this can be paid may have changed – either for better or worse.

Car Insurance Coverage

During this difficult and stressful time, it is incredibly important for you to be well aware of what your car insurance plan covers. Your insurance can help you through this trying time, but the kind of coverage that you are currently paying for is a crucial factor in deciding what will happen in your accident case as well as the future payments on your car title loan. There are several different agencies out there with just as many plans per vehicle and customer. While this information might not help you out completely after your accident, it may help you in rethinking your financial planning for the future, should a similar situation come up.

The best-case scenario is for you to have full coverage of your car, as opposed to only liability coverage. This will protect you from damage and collision, rather than just liability which only protects you from liability of having damaged another person’s property or hurt the person themselves. Having full coverage will keep you protected, even if you still have a pending title loan when the accident happens. All of the coverage protection will be made much clearer when it is determined which driver is at fault for the accident.

If you currently only have coverage to take care of liability, then you might be in a position where you have to deal with the other person’s insurance agency on your own. When you do so, you will need to remain calm and collected since it is their job to ask you a longs series of questions.

Negotiating Vehicle Value, Insurance Liability, and Loan Coverage

When dealing with any insurance company, it is a smart idea to be aware of what your car’s value is. One of the best places to track down this information is by going to Kelley Blue Book. By going there, you can put in all the important information to figure out what your car is worth, especially if you do ever end up becoming involved in an accident.

If you still had a remaining balance on your car title loan when you got into the accident, your lender will expect you to continue to make payments on your loan even if the car whose title was being borrowed on was completely totaled. Once things with your case get settled down a bit, the settlement check will from there be absorbed and then applied to the remaining balance on your loan.

However, you are still going to be expected to pay off what you still owe on the balance. Your car title acts as the collateral for the car title loan and repayment is still a pressing obligation on your part, even if the collateral we are working with is no longer in existence. In several cases, car title loans require you to have full coverage for car insurance in order to ensure money is made available for repayment in case a car totaling accident happens.

Get in Touch With Us

If you have any questions regarding insurance when getting into an accident while repaying a title loan or you need to get a hold of us for any other reason, you can get in touch with Max Cash Title Loans by:

  • Calling or texting us directly at 1-855-561-5626
  • Sending us an email at
  • Writing to us at 1270 E. Broadway Rd. Suite 208, Tempe, Arizona 85282