1. What Is A Totaled Car?

A vehicle is typically considered "totaled" when the cost to repair it exceeds a certain percentage of its actual cash value (ACV), usually around 75%. This threshold varies by state and insurance company policies.

2. How The Calculator Works

The calculator uses the standard insurance formula:

Where:

• Repair Cost — Estimated cost to repair all damage
• Vehicle Value — Actual cash value before the accident
• 75% — Common insurance threshold for totaling a vehicle

Explanation: If repair costs exceed 75% of the vehicle's pre-accident value, most insurance companies will declare it a total loss.

3. Insurance Considerations

Details: Insurance companies consider additional factors beyond just repair costs, including salvage value, rental car expenses, and state-specific regulations that may affect the total loss determination.

4. Using The Calculator

Tips: Enter accurate repair estimates and your vehicle's actual cash value. Use current market values for your specific make, model, year, and condition for the most accurate results.

5. Frequently Asked Questions (FAQ)

Q1: Is the 75% threshold the same in all states?
A: No, some states have different thresholds ranging from 70% to 100% of the vehicle's value.

Q2: What happens if my car is totaled?
A: The insurance company will pay you the actual cash value of your vehicle minus your deductible, and typically take possession of the damaged vehicle.

Q3: Can I keep my car if it's totaled?
A: In some cases, you can keep the vehicle as a "salvage" vehicle, but the insurance payout will be reduced by the salvage value, and you'll need to get a salvage title.

Q4: What factors affect my vehicle's actual cash value?
A: Mileage, condition, options, local market prices, and recent comparable sales all affect your vehicle's value.

Q5: Should I dispute the insurance company's valuation?
A: If you believe their valuation is too low, you can provide evidence of your vehicle's condition and comparable vehicles to support a higher value.