<prompt> Human: First of, im so sorry if this is not the correct place for this question.Anyway, I was told since I still owe money on the car, I technically dont own the car so any money I get from the insurance will go directly to the bank and then the bank pays itself first and gives me the left over? Is this correct? So if I pay it off now, will I getsave more money since the insurance pays me directly?Please forgive me, Im stupid and new to this whole adult thing  <response>: Anyway, I was told since I still owe money on the car, I technically dont own the car so any money I get from the insurance will go directly to the bank and then the bank pays itself first and gives me the left over? Is this correct?Generally speaking, yes. The bank will take whatever is still owed on the loan and then the rest is yours. So if I pay it off now, will the insurance pay me directly?If you manage to get the car title into your hands before the insurance company decides to pay out, then yes, theyll pay you directly.However since the car is fucked, trying to pay it off and sign paperwork to transfer the title is wasted effort. The insurance company will take it away from you anyway, and doing a title transfer right now will just complicate the process. Both you and the bank will end up with whatever youre owed. I guarantee that your insurance agent will know how to navigate this process, its best just to call and ask them.Also, your bank isnt going to take a bigger cut. Theyll take whatever theyre owed on the loan, nothing more. 