When an insurance company declares your car a "total loss," it means the cost of repairs exceeds its Actual Cash Value (ACV) or a state-mandated threshold (typically 70–75%). However, you can often "buy back" the vehicle to repair it yourself or sell it for parts. Understanding the Buy-Back Process
: Inform your insurance company immediately if you intend to keep the car. buy my totaled car
My car was totaled! Now what? - Texas Department of Insurance When an insurance company declares your car a
: The insurance company will calculate your settlement, then subtract your deductible and the car's salvage value (what they would have received at an auction). buy my totaled car