when is a vehicle totaled?

Answer 1

When the repairs for said vehicle are equal to, or exceed 80% of the actual cash value.

Ask your insurance company which source they use to derive at this cash value.

http://www.kbb.com
http://www.nada.com


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Answer 2

Simple answer: when costs to repair exceed the value of the car. Many, if not most states have a set percentage that declares a vehicle a total after a loss, usually 70 to 80%, though there are some which will allow a vehicle to be repaired up ro 99% of the value.

Answer 3

These answers are pretty reliable, I would only add that the percentage will vary from state to state... I know from experience that in Virginia a car that is 7 years old or less will be considered totaled if the cost to repair is 75% or greater than the retail value of the car. So if you can find a similar car for sale by a dealer at say $20,000 and the cost of repairing your car is greater than $15,000 then it would be considered a total loss. That's just an example.

Hope this is helpful and good luck!

Answer 4

I believe a vehicle is totaled when there is too much extended damage done to the vehicle. Also when the insurance company feels that it would be cheaper to provide a settlement rather than pay for all the damage. My car was actually just totaled in January and Geico basically payed off my car rather than pay for the extended damage..which probably would've been more than $8000.

Answer 5

a vehicle is considered totaled when the amount to repair it is greater than its book value. ive had several vehicles "totaled " by people running in to me.

Answer 6

When the cost of repairs exceed the actual cash value of the car.
And Kelly Blue Book and NADA have nothing to do with it.

Answer 7

when it costs more money than its worth to be fixed. or if its an old vehicle with a lot of miles on it.