x3Originally Posted by IndianStig
x3
1999 Integra GS sold
1996 Mitsu Galant sold
1995 Volvo 850 daily
1997 Volvo 850 T5 5-speed project (M56h tranny, IPD boost con, 15G angled turbine, R clutch, NA intake mani+ 960TB, ARD 17psi tune)
oops
Last edited by BlkCD5; 06-16-2008 at 06:59 PM. Reason: thinking about another margin for something else
Not even close. And how would they make money off of totalling a car? When they deem it as totalled, they have to write you a check for the current value of the car. If a car was worth $20,000 and had $4,000 in damage, I see absolutely no advantage to paying out $20,000 to total it instead of paying $4,000 to get it fixed.I thought most insurance companies want to make moneyIsn't the margin if damages exceed 20% of the car's value, they total it?
It's much, much, MUCH higher than 20%. I would think 70-80%... of course not taking into account frame damage and other things that just cannot be fixed. But say your car was worth $3000 and it was keyed and needed a new paint job, they would go for a good amount (a couple thousand) of paint work before considering it totalled.
ETA: Did the research, it's between 50 and 80 percent depending on the company. Most fall closer to 80%
2005 Mazdaspeed MX-5 -1.8L Turbo
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