Car is totaled. Salvage title?

Okay, so my car is totaled from that hail storm. It's dented everywhere and the back window was smashed. Totally sucks because it's right on the edge, just barely totaled by the numbers. It's a great car, has low mileage, and all the damage is cosmetic. I love this car.

Now I have two options, keep the car and take the money they'll give me. I can repair the back window, and then use the rest to get us completely out of debt (improving our crappy credit) and have some savings. I personally don't care about the dents.

The other option is to take about $3K more and give them the car, then have to buy a new one, which will mean either saving for months for more money to pay for a car outright, or another car payment (which we probably can't afford).

Seems like a no brainer, really, except that if I keep the car, I have to get a salvage title (on a car that runs great! Argh.), so when I eventually need a new car, mine will be practically worthless. Plus, I would only be able to get liability and uninsured motorist insurance, which means if I ran it into a poll in three weeks, I'm out of luck.

I don't know what to do! Any thoughts? Anyone have experience with salvage titles?