When is a Car Considered Totaled?

If your car is totaled, meaning the cost of repairs exceeds its street value, then you’ll receive an insurance payout covering the vehicle’s full value. Whether you’re here out of curiosity, or you’ve just had an accident and are trying to assess the damage, read our overview of how to identify when a car is considered totaled. If you need help, make sure you’re safe and contact the service center at Ford of Lafayette. We’re just down the highway from Indianapolis and can provide you with a tow and mobile service onsite. 

What Are the Signs Your Car is Totaled? 

To determine when a car is considered totaled (meaning it’s not worth the cost of repairs), you’ll need to know a few signs to look out for. Here are a few indications you may be getting a full insurance payout and a new car for your Frankfort commute:

• The vehicle is pouring fluids. 
• Parts of the car are bent to the point of obstructing your view. 
• Your car is older than 5 years, weathered substantial depreciation, and requires extensive body work. 
• Your car is old and has depreciated to the point that it’s easy for the costs of major repairs to exceed the vehicle’s remaining value. 
• You’ve wracked up some miles on the odometer, the car has depreciated, and it’s easy for repair costs to exceed your car’s street value.

What to Do if Your Car is Totaled in an Accident

If your car has been involved in an accident in greater Delphi, you’ll first need to attend to your safety and file a police report. After that’s been taken care of, call your insurer. They’ll ask you to tow your vehicle to their recommended service center, but we recommend you have it towed to a third party like Ford of Lafayette to ensure objectivity. 

From there, the mechanics will assess the damage. If they decide your car is totaled, meaning it’s not worth repair costs, you’ll receive an insurance payout on its street value. The value of your vehicle will be calculated based on its age, mileage, and condition. Bear in mind that any deductibles on your collision or comprehensive insurance will be subtracted from the amount of the payout. 

Contact Ford of Lafayette for Help Near Attica 

Do you have other questions about when a car is considered totaled? Are you in need of a tow? Whatever you require, Ford of Lafayette can help. Call our service technicians for prompt assistance at (765) 257-2896. And while you’re here, read our overview of the Ford maintenance schedule.