Quote:
Originally Posted by Stewie
Insurance companies determine if the car is totaled by looking at the amount of damage vs the value of the car. They begin to start considering totaling it around 75%.
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That depends on the state. It ranges from 50% (Iowa) to 100% (Texas), or the insurance company can use the "Total Loss Formula" (TLF), which totals the car if this is true:
Cost of Repair + Salvage Value > Actual Cash Value
If OP's profile is correct, it looks like he's in California, which is a TLF state. The insurance company would normally use the formula above to determine whether it's totaled. In that case, there's a good chance they'll total it, because the salvage values on these cars are pretty high.
Here's a list of the loss thresholds in each state and a decent article about how that works:
http://www.claimsjournal.com/news/na.../05/240841.htm