Insurance companies uses a sliding percentage of value to determine if a vehicle is totalled, the newer the vehicle, the more they will spend. The maximum most insurance companies will go is about 75 to 80 percent and thats on low mileage newer cars. The percentage slides down to about 40 to 50 percent for cars about 12 years old. Anything older gets totalled no matter the cost of repair. One of the biggest factors in determing whether a vehicle is worth repairing will be the depreciated value after repairs. If a car is worth $10,000 before an accident and it will cost $8000 to repair, but the vehicle will be worth only $7000 due to DV, it will be totalled.
Hope this info help!
12' Race Red Raptor SCAB (Loaded to the max!)
SCABS are faster!!
08' SeaDoo RXP-X Clockin' 80GPS