car insurance tax

questions about the registration tax, sales and insurance?
Hello I have a question, someone please help. What to say if I buy a used car from a private seller for $ 7,000 and gave me a receipt for $ 5,000 so you can get less tax at the DMV. What if my car to steal a month later. Does the insurance company pay me based on market value of automobiles or the receipt of $ 5,000 that I register with the title? Thank you.
Ignore the man up, you were right. The insurance company will give you all that the market value. Even if you fight for 7000 and the value of 15000. The company insurance will give 15000 for the vehicle to replace it because thats what its worth. Good luck, and that guy was very nice to do that for you.
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