GTAV Description : Before getting into the game, your car is repaired meaning if you crashed it before and got wanted level by cops because of stopping by any civillian or public service, this will solve that issue also however totally erased a vehicle from existence will not be covered. The Science Behind Insuring and Tracking Destroyed Vehicles → Full story doc
Critically, An Excellent Insight to Vehicle Insurance
Purchase Insurance:Players can purchase insurance for their vehicles from Los Santos Customs. This includes both insurance and a tracker, necessary to track the vehicle on map in case of theft or lost12.
When you have it Destroyed: If your car is destroyed then you can claim with Mors Mutual Insurance. You can simply do this from your in-game phone and order a replacement vehicle13. On average, replacing the car can cost as much as 1% of its purchase price which makes it an affordable choice against buying a new car outright when yours is due for renewal2.
Punishment for Other Players Wrecking You: When someone else wracks you then the cost of damage automatically faces that person, so cannot do it easily. Therefore, now you can obtain your automobile free of cost34.
The Role of Trackers
Trackers: Trackers give players a location on the map of their vehicle, essential if it gets pinched. With a tracker Undeniably the more amount, must-own car thieves believing you do it quite tricky to trust your stolen motor22.
It reads… Automatic Installation: This one is a simple, when you purchase their vehicle from the online dealerships it comes with an insurance and tracker.GTA Online Vehicles (ad) For stolen cars, these must be manually equipped by the player if a street vehicle35 is lifted.
In short, it is absolutely necessary to own insurance and at worst deploy a tracker on your vehicles in GTA Online. Which not only offers you simple recuperation after a wipeout but also reduces the costs related to vehicle shortage.