When Do Insurance Companies Total A Car?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! Th insurance company will typically total the car when the cost of repairing it is close to, or exceeds the value of the car. Remember that the value is determined by it's "blue book " value or estimated value after depreciation, and not what you paid for it. I hope that helps! If you need more information, feel free to contact me, I'm happy to help. Thanks for asking!Answered on April 21, 2014flag this answer
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