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Wrong. The police call a flatbed truck your truck gets hauled away to a impound yard and you go to jail. You don't decide anything the police make all the decisions not you. Gee how do I know this because it happened to me.
Correct, depending on the circumstances and state (laws do vary) if you're injured or incapacitated, the vehicle is towed/stored (at your expense), if you're in custody the vehicle is also stored, or possibly impounded (there is a difference) also at your expense. California has the "30 day law", meaning if you're caught driving on suspended license, your vehicle is impounded for 30 days. The idea behind was to make it so expensive to get a vehicle out, no one would drive suspended, it didn't work. Most just went back to the Auctions, bought another car and drove those. Lastly, if it's a fatal collision (which at speeds over 80-90, the odds of it are pretty high, like 90%), your vehicle is also impounded for evidence and invest. Evidence and invest may also apply to DUI, and other conditions (such as illegal speed competitions). The variations to this, (again, laws are different from state to state) but if you're involved in a relatively minor collision, (no injuries) and your vehicle is disabled, you may be able to call your own tow (like Auto Club, or something) and have your vehicle towed to your residence, body shop etc. If the vehicle is a traffic hazard, the police may not give you the option, but I have helped a few push their car out of the traffic lanes so I didn't have to tow/store it, I've also had dispatch call a private tow for someone. It all depends on the officer, agency, circumstances and state.
Collisions happen, but they're not usually "accidents", they're usually caused by mitigating factors, such as lack of attention, inebriation, unsafe speed, failure to stop, or failure to yield to oncoming traffic, (turning, which was the #1 cause of collisions in California years ago, I don't know if it still is) and other poor decisions. Of course, sometimes, it's genuinely a true "Accident", like a tree branch falling, or brake fluid spread across the white lines, or something no one has control over.
It's pretty crazy what you learn as a traffic investigator and spend years breaking down collisions and talking to some folks at conventions and conferences put on by NHTSA.