Since you have a loan on your vehicle, then Nationwide will issue you a check (either) to you and a body shop, or you and the lender (minus) your $500 deductible.
Your lender is listed on your policy, thus they (must) make sure that this vehicle get repaired, or (if) totaled, then the lender gets paid for the value.
But once it is paid off and if repairs needed again, then you could ask to have the check in your name and not fix, (but) the insurance will most likely take off your collision and comprehensive coverage.
I hope you made a mistake on the mileage of 14,000 vs 140,000. If 14,000 miles, then low, but at 140,000 is (extreme) for 2/3 year old vehicle and would make the value of your vehicle at (least) ½ with other vehicles of the same year with such high miles. The average is 12,000 per year.
Focus on paying off the vehicle and at $2,000 not that much and then once paid, can sell it for something else.
Retired auto adjuster who actually worked for Nationwide and other companies.