If your auto insurance includes collision coverage than your insurer will pay you the cost of repairs or the value of the vehicle if it is a total loss. Your insurance will pay this amount less your deductible which is typically $250, $500 or $1,000. Your insurance company will seek reimbursement from the other driver’s insurer in a process called subrogation. If your insurer recovers money from the opposing insurer, you will be reimbursed for the deductible paid. Using your own collision coverage is typically a more efficient way to resolve the property damage claim shortly and secure a replacement vehicle.
You may choose to seek payment of the property damage claim directly from the opposing insurer. Although this saves the deductible, some insurers first require a statement which is not recommended without the involvement of an attorney. This may be the only option if collision coverage is not available.