If you’ve been told you have a totaled car after an accident, it means that the cost of repairs is too high compared to the value of the car. But how this is determined is based on several ...

For example, under Nevada law, a car is totaled if the repair costs are equal to or greater than 65% of the fair market value of the car before the accident. Total Loss Formula.

As it currently stands, just over half of U.S. states define the threshold for a total loss as below the car's ACV, some even setting it as low as 60%.

“I bought a new car last year with $1,000 down, and I financed the rest. Unfortunately, it was totaled in a collision last month. The insurance company said it had to pay off the loan first.

How to Get a Salvage Title: Process Each state has laws that specify when a car must be declared a total loss and registered under a salvage title. Some, like New York, say that if the cost to ...

After sharing her car was recently totaled in an accident, contestant Antoinette wins a brand new 2025 Hyundai Elantra on "The Price Is Right." ...

DEAR ABBY: I was recently in a traumatic car crash (hit head-on by a drunk driver within a mile of my home). It resulted in my right leg being broken in multiple places.