McKayla Girardin, Car Insurance Writer
Things that make a car totaled include costly damage, theft, or not being repairable after an accident. A car is usually considered totaled if the cost to repair it after an incident approaches or exceeds the vehicle’s actual cash value. A car could be totaled after an accident with another car, or by non-accident-related incidents like natural disasters or vandalism.
For your convenience, we’ll summarize the scenarios below, followed by a quick overview of what happens when a car is totaled.
Here’s What Can Make a Car Totaled:
- Damage that would cost 70% to 80% of the value of the car to repair, depending on the state.
- Damage that would cost more to repair than the vehicle is worth.
- Damage that can’t be repaired.
- Being stolen and not recovered.
- Being stolen and recovered with extreme damage.
Here’s What Happens if a Car is Totaled:
You will need collision insurance or comprehensive coverage to have a totaled car covered after things like at-fault accidents, theft or natural disasters. In those cases, your insurance company will pay out the actual cash value of the vehicle, minus any applicable deductible.
If your car is totaled because of another driver, their liability insurance is responsible for paying for your totaled vehicle.
To learn more, check out WalletHub’s guide to totaled cars.
People also ask
Did we answer your question?