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%.

Two people were killed in Tuesday afternoon’s devastating crash, which shuttered southbound lanes of I-95 for nearly 12 hours ...