One of the craziest myths is being compensated with a new car if you crash and you had bought a comprehensive and collision cover. Do not try it unless you have enough money to purchase another one. It is obvious that your insurer will not buy you a new car. What will happen is that your car will be repaired and resume its normal look? If it is totally damaged and it cannot be repaired then insurer will work with market value and that is what your compensation will be. So do not be deceived by such news and crash your car because it is boring and you will get a new one. car insuring