My Car is Totaled

 

My Car is Totaled: What it Means & What to Do Next

Experiencing an accident can be a stressful and overwhelming experience, especially if your vehicle is considered totaled. Understanding what is considered a totaled vehicle and the next best steps after a total loss accident is essential to ensure you are compensated fairly for your loss. At Bob Moore Collision Center, we help drivers at each step of the process by working directly with your insurance company to streamline the process after your accident. 


If you have any questions about whether your vehicle is totaled, contact our team at Bob Moore Collision, or continue reading to learn what is considered a totaled vehicle and the next best steps to take as a driver. 


What is a totaled car?

According to Oklahoma law, a totaled car is one that needs structural repairs costing over 60% of the vehicle's actual cash value.


In other words, the cost of repairing the vehicle is considered to be more than the car's actual value at the time of the wreck. In this case, the insurance company will pay the policyholder the vehicle's market value instead of repairing it. 


If you're unsure whether your vehicle is totaled, call us at 405-454-8300 to tow it to Bob Moore Collision. We'll assess your vehicle and work directly with your insurance company to handle your case.

What happens if my car is totaled?

Once your vehicle is deemed totaled, you can expect to receive a payment from your insurance company in time. The payment amount will be what the insurance company claims as the market value of your vehicle at the time of the accident, so understanding the value of your vehicle is very important.


Tools like Kelly Blue Book can help you get an estimated value. This check can then be used to purchase a new vehicle, as a downpayment, or repair another vehicle. 


Contact our Bob Moore Collision Center team if you have any questions about totaled vehicles or the process. We'll walk through each step to ensure you are properly compensated for your vehicle loss.