All perfect praise be to Allah the Lord of the Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.
What is paid by the insurance company upon the occurrence of a car accident isn`t the cost of the repairs only; it covers the drop in the car`s price as well. If what you were given equals the value of the damage done to your car and the drop in its market price then that amount is lawfully yours. However, if it is more than this, then you have to pay a visit to the insurance company and if it approves of your taking that amount then you should take it. And Allah The Almighty Knwos Best.