As explained in Forbes Advisor’s article, “Car Totaled But Not At Fault? Here’s What To Do”, a car accident can be overwhelming—especially when your vehicle is deemed a total loss and you weren’t even at fault. According to data from LexisNexis Risk Solutions, 27% of collision claims in 2023 resulted in total losses, highlighting how common this situation has become.

When Is a Car Considered “Totaled”?

Each state has its own threshold for determining when a vehicle is a total loss. For example, in Alabama, a car is considered totaled if repair costs exceed 75% of its actual cash value (ACV). In Texas, that threshold is 100%. Insurance companies use valuation sources such as Kelley Blue Book and National Automobile Dealers Association guides to calculate ACV.

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Article with all rights reserved, courtesy of Forbes Advisor — https://www.forbes.com