Blown Head Gasket, Low mileage Car. Should I replace or fix?

Hey everyone.

I was driving my car yesterday and it started to shake violently. Then a lot of white smoke started coming out of the tail pipe to the point where I thought it was going to blind the cars behind me. Also, my car started to smell like antifreeze. I looked at the oil to see if there was water in it, but it looks normal. Anyways, my dad thinks I might have a blown head gasket.

I have a 1993 Honda Civic DX. I bought it used for around $2000 and it was working fine for about 3 years. It only has about 76,000 miles on it.

Is it worth fixing, because the car has fairly low mileage and I don't have to pay monthly car payments. However, my insurance company said that if I got in an accident (whether its my fault or not), they aren't going to cover my car. Or should I just get a newer car, possibly pay month car payments, and have my car covered my insurers if I get in an accident.

Thanks:)

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