How Do I Know if My Car is a Total Loss After a Car Accident?
After a grisly car accident, the insurance company may declare your car a total loss. What that means is the damage to your vehicle is so severe that repairing it would cost more than the cost to replace it. Instead of providing funds for repair, the insurance company totals it out and pays you for the dollar amount of your car’s appraised value.
Each state’s standards vary on when a car is considered a total loss following an accident. In general, you can assume that if the cost to repair the vehicle is between 50-70% of the vehicle’s value – the insurance company will render it a total loss.