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# What percentage makes an auto a total loss?

Updated: 9/11/2023

Wiki User

16y ago

As a rule of thumb, if the repairs are up to approximately 60-65% of the actual cash value of the vehicle, it will most likely be totalled by the insurance company. The reasoning behind that is there are usually supplemental charges that were not included in the initial damage appraisal that could likely drive the price of the repairs up to or pass the actual cash value of the vehicle. No insurance company will pay more than the actual cash value of a vehicle.

Wiki User

16y ago

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Q: What percentage makes an auto a total loss?
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### When an auto is totaled and the insurer takes the auto and pays the insured the actual cash value of the car at the time of the loss this is an example of?

Total loss payoff

### Is there a specific NY Law concerning the compensation for a total loss auto insurance claim if the vehicle was purchased within the past 90 days?

If it is a total loss then the insurance needs to pay the value of the vehicle.

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Percentage loss is 30%.

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### What is the loss percentage?

It is the percentage decrease of an item from its original value. It is worked out as: (original value-loss)/original value times 100 = percentage loss.

### What is Borderline total loss?

A total loss is when the cost of repairing the vehicle exceeds a pre-determined percentage of the vehicle's value. For example, if your vehicle is worth \$10,000 and the damage exceeds \$7,000, your vehicle may be considered a total loss (depending on the state and your insurance company's policy). A borderline total loss would be (in the same example) if the damage to your vehicle is close to, but not quite \$7,000.

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Vertical Analysis which compare the each item of the balance sheet as a percentage of the total balance sheet value & Profit & loss item as a percentage of the total sales revenue If you have any query regarding this issue please do not hesitate to contact me on shayan_qureshi@akbarassociates.com Vertical Analysis which compare the each item of the balance sheet as a percentage of the total balance sheet value & Profit & loss item as a percentage of the total sales revenue If you have any query please do not hesitate to contact me on shayan_qureshi@accamail.com

### What is a BEP?

A BEP is a break-even point, the point at which total costs equal total revenue and the organization neither makes a profit or a loss.

### What the formula of loss ratio?

The formula for loss ratio is (Total losses incurred / Total premiums earned) x 100. It is used by insurance companies to calculate the percentage of premiums that are paid out as claims for losses. A lower loss ratio indicates a more profitable insurance company.

### How do you find the profit and loss in percentage?

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### What is the formulae for loss percentage?

% loss = amount of loss / cost x 100