Many factors can help an insurance company decide whether or not a car is considered totaled after an accident. Here are some of the most common reasons.
Cost of Repairs
If your vehicle is damaged to the point the insurance company feels it can’t be repaired, it is declared a total loss. Most companies claim the car has to be damaged to a point of about 75 percent for it to be beyond repair. The company may have an appraiser look at the vehicle to determine how much it’s worth, and the value of the car will be given as scrap metal. In this situation, the company offers a check to the driver for the determined amount.
If a car is a high-end make like Mercedes or BMW, the value will be treated in a different manner than a Honda or a Toyota would. Cars with a higher value are not totaled as often as those that aren’t worth as much because it may cost more to fix the inexpensive vehicles than they are worth.
Age and Overall Condition
Some might think a car that isn’t in the best condition might not be worth fixing after an accident. Your cheap Vista auto insurance company looks at the age of the car and if it has been maintained before making a decision as to whether it should be totaled or not. Older cars and those that rank lower on overall condition are given a lower value.
If the accident is declared to be your fault or if you had some hand in the cause of it, the value of the car could be depreciated. This can affect the amount offered by your Vista auto insurance company for the totaled vehicle after the value has been assessed.
Make sure you have the right insurance in place in case of an accident. Get in touch with American Tri-Star to select an option that best suits your needs. In addition to car, motorcycle, and RV insurance in Vista, we also offer affordable options for homeowners, commercial, and health insurance. Give us a call today at 760-758-1600 to learn more and receive a free quote.