How is the value for a totaled car determined?
After an insurance company deems a car a “total loss,” it then sets out to determine the value of the car by calculating a number of different factors.ACVFirst, the insurance company must determine the actual cash value (ACV) of your car. This is better known as the market value, usually determined by Kelley Blue Books (although insurance companies tend to get quotes from various sources).Value PreviousInsurance companies then research the condition of your car before the accident.
