If you are in an accident and it’s anything more than a fender bender, it is likely you will wonder if your car is going to be totaled. Different insurance companies have different standards for making that determination. Typically when the repair cost exceeds 65-70 percent of the vehicle’s market value the decision is made to total it.
Insurance companies have sources of market value information that is not available to the general public. They use these sources to help them decide whether to repair or total a damaged vehicle. If your vehicle has been deemed a total loss by your insurance company, you have the right to contest their decision but be prepared, you will have to provide evidence that increases the vehicle’s value.
In the event your vehicle is deemed a total loss, you may have the right to buy it back from the insurance company. Be aware that if you do buy it back, the vehicle will be issued a new “salvage title” and may be very difficult and expensive to get insurance for.
The Honda Civic pictured was deemed a total loss. Our customer and her daughter walked away without a scratch!